Ethereum-Based Investment Fund ICONOMI Raises Over $8.9 Million In ICO

By September 29, 2016Bitcoin Business

Read a great story about your favorite cryptocurrency? Post it on CoinUpVote and we might write about it on CCN.LA ! Called a fund management platform for the decentralized economy, ICONOMI, an Ethereum-based investment fund for cryptocurrencies and blockchains, has raised over $8.9 million in operational capital and equity through an Initial Coin Offering (ICO). ICONOMI raised $3 million in the last three days alone of its ICO, which closes at 4 p.m. EST today. Developed by Cashila as a disintermediated alternative to the traditional fund management industry, Slovenia-based ICONOMI’s capitalization makes it the 20th most successful crowdfunding project ever, drawing funds from 3,100 investors in 34 days. At the time of the OCI close, ICO token holders will hold total ownership of ICONOMI. Investors will receive “ICN” tokens functioning as shares. A Unique Investment Opportunity As the first fund management platform focused specifically on blockchain and cryptocurrency, ICONOMI gives investors a unique chance to participate in this expanding market. Investors can choose between actively or passively-managed funds. Varying Risk And Yield Profiles Operating with full transparency, ICONOMI will provide varying expected yield and risk profiles. The first ICONOMI funds were presented at Ethereum’s Devcon2 last week in Shanghai: ICONOMI.INDEX is an index investment fund comprised of cryptocurrencies that minimizes volatility, while ICONOMI.PERFORMANCE is an actively managed fund that targets higher yields. The ICONOMI Cryptocurrencies Index (ICNX) is currently available for review. Both funds will launch in Q4 2016. Additional trader-created custom funds will be available in 2017. Unlike traditional managed funds, ICONOMI investors will be able to liquidate or withdraw their holdings at any time, 24/7, by selling ICONOMI tokens on exchanges or at POS terminals using the ICONOMI Visa debit card. The debit card will link to the account owner’s share of ICONOMI funds. All fiat funds […]

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