Iconomi (ICN)

Iconomi

Total supply	100,000,000 ICN

Basics

• Started in:
• Based in:

• Token has ceased to exist.

Token

ICO

• "The ICN token was originally meant to serve as pseudo-equity, entitling investors who bought the 2016 ICO to cashflows deriving from the platform and startup. The team changed this to a buyback model (which, if you think about it, is functionally identical), wary of being treated as a security."

Token Details

• From a blog post by Nic Carter:

"Iconomi is a tokenized asset management platform that was meant to give investors access to crypto index funds. In the heavily jargonized spirit of the industry, they called these Digital Asset Arrays. The ICN token was originally meant to serve as pseudo-equity, entitling investors who bought the 2016 ICO to cashflows deriving from the platform and startup. The team changed this to a buyback model (which, if you think about it, is functionally identical), wary of being treated as a security.

I felt that it was pretty likely that Iconomi wouldn’t last, as the token had obvious security-like characteristics. Even so, I didn’t expect the team to voluntarily withdraw the token and swap it for shares in an actual corporation. In September 2018, the Iconomi team announced a token swap and dissolution of the ICN token, whereby investors could get their money back (in ETH) or instead receive pro rata shares in a Liechtenstein holding company, ICONOMI AG.

This seems like a shrewd move — regulators were almost certainly breathing down their neck already — albeit an administratively challenging one. I am not sure how a global retail tokenholder base is meant to transition to private shareholders in a Liechtenstein company, but I applaud the team for their candor and initiative. This is about the best possible scenario for investors, and I expect some other token projects to follow suit."

Tech

• Whitepaper can be found here (7-2016).

• Consensus Algorithm:
• Capacity (TPS):

Crypto Strategies

• DeFi Core is one of them (10-3-2020):

"Since Ethereum powers the DeFi ecosystem, it represents the biggest weight – which is currently set at 50%. A total of 12.5% is kept in USDC and DAI, which are USD pegged stablecoins that we lend through the Power Mango service in return for up to an 8% yearly interest rate. Five percent of our assets are kept in each of the leading, and some of the most promising Defi projects; Maker, Kyber Network, Kava, Ren Protocol, and 0x."

Audits

• Bug bounty program can be found [insert here].

Roadmap

• Can be found [Insert link here].

Competition

• “Melonport aims to be a competitive digital asset management platform, offering a more decentralized option than Iconomi."
• TokenSets

Team, investors, Partnerships, etc.

Team

• "The Iconomi platform is managed by smart contracts and Cashila, a company that will be used for fiat on-ramping to the platform. Cashila has a successful track record in the cryptospace and continues to innovate rapidly."
• Full team can be found here. Has 5 members of the board of directors.
• Matej Tomazi; presiden of the Board of Directors
• Jure Šutar; head of business development, who leads the DeFi Core strategy.