ICONOMI is a fintech startup, determined to become the “Uber” of fund management. With several crypto-based investment funds launching soon, the platform’s developers said that ICONOMI will simplify investing into cryptocurrencies.
ICONOMI: Financial Services of the Future?
ICONOMI’s mission is to provide an opportunity for investors looking for high profits, not possible in the old economy. ICONOMI will bridge the gap between old and new economies, allowing investors who don’t want to go into many different cryptocurrencies, ICOs or blockchain projects (or want, but don’t have expertise, time or have concerns about security) to invest into a broader picture: Blockchain.
ICONOMI is using Ethereum app tokens as a technology for its funds. Each of ICONOMI’s upcoming investment funds will have their own tokens, which will be used to complete transactions within the platform. Once listed on exchanges, ICONOMI users will be able to cash out their investments into another cryptocurrency outside of the ICONOMI platform.
Stage 1 of ICONOMI is to launch two financial instruments. The first one is the ICONOMI.INDEX crypto fund that will reflect the development of the credible cryptocurrency market. Second one is actively managed ICONOMI.PERFORMANCE fund, which will aim at high performance – and target multiplication of investments. This exclusive fund will be available only to ICONOMI token holders for now. Funds will be incorporated well within 2016. Details on instruments can be found in the project’s official white paper.