2018 Monthly Update I
Welcome to the first monthly update of the year. Over the past month, we added four new DAA managers, added five new supported digital assets, and hosted our first live Meet the Managers event in Vienna. Read on for a detailed overview.
New DAA Managers and DAA Insights
DAA Managers
- Sven Van de Perre’s long-term-oriented Exponential Age Array (EAA) focuses on technologies and ventures that have the potential to become the backbone of the industry they operate in.
- The StrongCoindex (SCX) DAA is also focused on long-term gains, providing exposure to the platform’s top 19 cryptocurrencies with the highest market cap.
- Matjaz Rakovec’s Global Blockchain Arrays — Top 15 (GBA15) is composed of fifteen equally weighted digital assets with the highest market capitalization and high trading volume on the platform.
- Francis Lee’s Future Crypto Economy (FCE) DAA looks for a combination of highly innovative projects that will stand the test of time and proven coins with consistent trajectories.
DAA Insights
- Steven Reynolds of GEM shared his predictions for how blockchain will impact society.
- Michal Novák of RCAA gave us a look into the average day of a DAA manager.
- Aljoscha Frick of FCI shared his views on the bitcoin “gold rush” of late 2017.
- Sven Van de Perre of EEA discussed the future development of cryptocurrencies as an asset class.
Events & Media
ICONOMI DAA Manager Event
On February 14, ICONOMI hosted an event in Vienna bringing together four of our top DAA managers — Columbus Capital, CARUS-AR, Pecun.io, and Solidum Capital — with ICONOMI supporters and potential clients for a day of keynote talks and interactive panel discussions with a focus on learning and building relationships in the emerging cryptocurrency world. We will be publishing an overview of the event next week.
Blockchain Conferences Attended
- Jani Valjavec, ICONOMI co-founder, joined Frederico S.B. Mesquita and Justin Chow at LATokens’s Blockchain Economic Forum in Singapore to discuss crypto trading strategies and how the markets have evolved over the past year.
- Tim M. Zagar, ICONOMI CEO and co-founder, attended the World Government Summit in Dubai, where he joined a Slovenian government delegation and representatives from other successful fintech companies.
- We also attended The Tharawat Talk: Blockchain — Hype or Opportunity in Dubai with experts from the fields of cyber security, cryptocurrency, and business innovation.
- ICONOMI and other Slovenian blockchain companies attended a meeting where they were joined by Slovenian Prime Minister Dr. Miro Cerar to discuss the state of the crypto-economy in Slovenia.
Upcoming Blockchain Conferences
- On February 26–27, ICONOMI will be attending the 7th Annual European Family Office Symposium in London.
- Following the success of our first Meet the Managers event in Vienna, we will be hosting another Meet the Managers event in London at the end of March.
ICONOMI in the Media
- Jani Valjavec had an insightful conversation with Wharton Fintech on ICONOMI’s founding and on blockchain in general. The Wharton School is consistently ranked among the best business schools in the world.
- Tim M. Zagar discussed among other topics blockchain’s potential impact on society in an interview in Dnevnik (a Slovenian daily), Dnevnikov objektiv, January 21, 2018. Read our translation below:
- Matej Tomazin, ICONOMI COO, was quoted in a piece on the development of digital asset management in Tech In Asia:
- ICONOMI did not outperform Bitcoin, but an ICONOMI DAA (BLX) did. Read more in ValueWalk’s article:
- Popular crypto news sources have been reporting on company updates:
- Community member and long-time ICONOMI supporter Owen O’Neill published an informative article on his predictions for ICONOMI in 2018:
If you have written a piece about ICONOMI, send it to ashton.playsted@iconomi.com and let us know; if it meets our criteria, we’ll mention it in the next Monthly Update.
New Features & Releases
Tracking the AUM of DAAs is now much easier with our new tracking feature. You can now track AUM live below the DAA Details section on every DAA page. To better cater to ICONOMI users worldwide, we have implemented a smoother verification system for Tier 1 and now support 187 countries. We’ve also raised deposit and withdrawal limits. If you are new to buying into DAAs, check our knowledge base for instructions.
On January 4, we added five new digital assets for our DAA managers to choose from: Icon, Kyber Network, Loopring, Quantstamp, and Ripple. We constantly consider feedback from both DAA managers and the community when deciding which digital assets to add to the platform.
On February 12, we released the latest version of the ICONOMI Android app. Now Android users can login/register, check their DAA holdings, and monitor performance on-the-go! Our iOS app is also available from the App Store.
What’s Next?
Rocket.Chat Migration
As announced in our blog post we will start official migration to Rocket.chat on Friday, February 16. We’ve set up the channels so there’s something for everyone. We want our channels to become a place for quality content and information, as well as a place where DAA managers can connect with users.
Progress on the Fiat Ramp-up
One of the main cornerstones of our business, the fiat ramp-up, is being set in place. We predict that it will be operational by the start of Q2 at the latest. However, we envision the fiat ramp-up to be offered first as a service to users who want to deposit large amounts of fiat currencies to our platform. As the process evolves, this threshold will be lowered and offered to more and more of our users.
We would also like to provide some explanation from our side, since the process is moving slower than initially envisioned. There are a number of reasons for this. The fiat ramp-up will be EU-compliant, and full compliance with EU regulations takes time. Internal processes also need to be defined, and banks need to be reassured that our platform is AML and CTF safe and that we have enough checks built into the platform that these risks are kept to a minimum.
Development
Much of our current development activity is happening on the back-end, optimizing our back-office tools to enable more automation. One of our bigger current projects is implementing the automated rebalancing process for DAA managers on the platform. We have also started preparations for the Big Four audit.
New Verification Process
Our support department’s primary task at the moment is ensuring users are able to successfully complete our new Tier 1 verification process. Complete instructions are available in our knowledge base.
Q&A Session
Our next Reddit AMA will be held on Thursday, February 22 at 5pm CET. The thread will be opened for questions at 2pm CET on Tuesday, February 20 and locked at 2pm CET on Wednesday, February 21. Our monthly AMAs give users the chance to get their questions answered directly by the ICONOMI team. Check out a summary of our last AMA:
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