Photo: Finance Magnates ICONOMI, a fund management platform for blockchains and cryptocurrencies, announced today that its ICO raised over $10.5 million. The final total on the record-setting Initial Coin Offering completed on 29 September amounted to $10.58 million invested from 3,498 investors from across the world, and exceeded an earlier tally of $5.8 million , as reported by Finance Magnates on 27 September. Record ICO This makes the ICONOMI ICO the 11th highest funded crowdsale ever in any category, only behind The DAO and Ethereum in crowdsales of financial technology. Join the industry leaders at the Finance Magnates London Summit, 14-15 November, 2016. Register here! ‘ICN’ tokens will be issued to all investors on 9 October, 2016, ten days after the close of the ICO. During the ICO, five different currencies were accepted, including digital currencies for Bitcoin, Ethereum and Lisk, as well as US dollars and euros in fiat. In total, 6,901.277 BTC, 199,205.8296 ETH, 3,995,992,5646 LSK, $121,513.00 USD and €2,338,578.91 EUR were invested into the platform during the ICO. Future Plans The company has outlined plans to use the money raised to rapidly accelerate development, starting with additional hiring, investment in new offices space, and the development of two funds publicised during the ICO. Jani Valjavec, co-founder of ICONOMI, commented: “We have a very tight timeline to follow. All our energy is focused on the development of both funds. ICONOMI.INDEX is already up, but we are in the process of transforming the first major index of cryptocurrencies into a formal fund that investors can buy into. To achieve this, the vital functions of the fund management platform must be further developed.” ICONOMI’s first actively managed fund is intended to seek high yields, even when viewed in the context of the high-performing cryptocurrency space. Co-founder Tim Mitja Zagar […]
