ICONOMI.index fund and Open Fund Management Platform outline will be released on 28 December
Early access to the ICONOMI.index fund will be given to the first public testers on 21 December while the ICONOMI Open Fund Management Platform (OFMP) outline will come to life on 28 December, 2016. Let us not forget that the ICONOMI.performance fund was launched on 13 November. Interested fund managers are invited to start using the platform now to familiarise themselves with all its functions.
From the very beginning of the ICONOMI project, we have been working intensively to deliver on two promises — first, to launch our two investment funds ICONOMI.index and ICONOMI.performance before the end of 2016; and second, to deploy a fully-featured Open Fund Management Platform (OFMP) in 2017.
Here is an update on our progress:
1. Actively-managed ICONOMI.performance fund launched on 13 November 2016
With its first investment into Golem ICO, on 13 November, 2016, we launched our actively-managed ICONOMI.performance fund. The fund, which holds over $4M of assets, plans to invest in 3–5 new ICOs in the coming months. To prevent speculation, investment details will be announced after their respective ICOs close. Currently, ICONOMI is the sole investor into ICONOMI.performance, therefore all realised profits will directly benefit ICONOMI shareholders. Daniel Zakrisson and Jan Isakovic joined ICONOMI as investment evaluation experts.
2. ICONOMI cryptocurrencies index — ICNX unveiled on 25 September, 2016
On 25 September, 2016, we introduced the ICONOMI cryptocurrencies index — ICNX. ICNX measures the performance of cryptocurrencies that meet transparent eligibility criteria. During the last few months we have refined its methodology, expanded on the rules, and fine-tuned its structure. Simulated return since its inception date of 1 July, 2016 is currently over 30%, and ICNX has since passed through several regular and one triggered rebalancing. ICNX today represents a mature and robust cryptocurrency instrument, one we believe is ready to be transformed into a fully-featured investment fund.
3. Early access to ICONOMI.index fund will be given to the first public testers on 21 December
In the last couple of months our development team has been preparing everything to take investors from monitoring ICNX’s simulated performance to finally being able to trade with the real ICONOMI.index fund. On 21 December early access to the ICONOMI.index fund will be given to the first public testers, followed by all ICO investors a few days later. All users will be able to buy into the real fund with deposited BTC and ETH. Daily limits will be progressively raised and later lifted. Full public availability and the official launch of the ICONOMI.index fund will be on 28 December.
4. ICONOMI Open Fund Management Platform outline will visually come to life on 28 December, 2016
We are aware that our ultimate promise and the most anticipated feature is the ICONOMI Open Fund Management Platform, the one scheduled for 2017. We are pleased to announce that the OFMP outline will come to life on 28 December! The new platform’s core was built from the ground up using the latest technologies, with a fully-modular design to which we will be progressively adding new features. Users will initially only see the screens through which they can buy, sell, withdraw, and deposit funds, but most of the backend functions are already in place, as they were required for the realisation of individual funds.
We would like to inform all interested fund managers that the ICONOMI Open Fund Management Platform will be ready earlier than planned.
Therefore, we are inviting them to start using the platform now in order to familiarise themselves with all the functions and to get up to speed with its development.
Fund managers are also welcome to apply for early access.
