ICONOMI Weekly Update
This week we added several new digital assets to the platform, including stablecoin TrueUSD, released an updated iOS app, launched two new DAAs, and more.
TrueUSD Stablecoin
TrueUSD is a stablecoin that can be “redeemed 1-for-1 for US dollars.” Access to a stablecoin allows DAA managers to mitigate losses during times of high volatility. For example, if a market correction is expected, TrueUSD can be used in the structure of the DAA to preserve its value.
The addition of a stablecoin allows for better management of volatility, which can result in more stable DAAs that our users can buy into. It will also lead to the creation of a wider variety of DAAs for more conservative buyers.
Read our full overview in our blog post.
Ten New Digital Assets
On Wednesday, May 23, we added support for NEO, the last in our series of ten digital assets added to the platform over ten days, starting on the first day of Consensus 2018. Read our blog post for full details.
Events
- ICONOMI COO Matej Tomazin attended FinTech Unconference in Madrid, Spain on May 24. DAA manager Jesús Pérez was also in attendance.
- ICONOMI sponsored Finnovating’s Digital Assets Evaluation Executive Program in Madrid, Spain on May 17.
- ICONOMI Head of Legal Janez Kravcar spoke at Blockchaineum 2.0 in Budapest, Hungary on May 23. Blockchaineum 2.0 is the largest dedicated blockchain event in Central Europe.
Meet the Managers Events
CyberMiles will be joining us in Hong Kong on May 29, 2018 for our first Meet the Managers event in Asia. Attendees will have a chance to connect with CyberMiles CFO Garwin Chan and in-house general counsel Maggie Guan, who will also be giving a presentation.
Seats are still available for both our Hong Kong (May 29) and Singapore (May 31) events, so sign up soon if you want to attend!
ICONOMI Mobile App Updates
With the latest release of the official ICONOMI iOS app, users can now verify their accounts to Tier 1 and Tier 2 directly from the app. Due to Apple’s restrictions on some specific digital assets, buy/trade functionality for DAAs has been removed.
We are working on implementing Tier 2 verification for the Android app and recently added Tier 2 verification support for the United Arab Emirates, Egypt, Ghana, Jordan, Kazakhstan, Malawi, Peru, and Serbia.
More details are available in our blog post.
New DAAs
MoonShot by ArabFolio.Capital (MOON)
MOON is our first DAA based in the Middle East. Manager ArabFolio Capital aims “to bridge the gap between Eastern and Western investment opportunities by providing institutional and individual investors with an easy and frictionless gateway for entering the world of blockchain and digital assets.”
Global Macro Crypto (GMC)
Marking another first for ICONOMI, GMC is based in Latin America. GMC is “a well-hedged DAA diversified into different types of digital assets: protocols, utilities, DAOs, and dapps.”
DAA Manager Twitter List
The team behind Hive Index has created a Twitter List for following our DAA managers, making it easy to follow DAA managers’ news and updates all in one place. Subscribe here.
Sneak Peek
At Consensus 2018, we received a lot of interest from other blockchain companies in having their digital asset listed on the ICONOMI platform. To clarify the process, we will be publishing a blog post with our basic rules, prerequisites, and due diligence requirements for adding new digital assets to the platform.
Follow our official channels for more updates and news:
