Post
Topic
Board Tokens (Altcoins)
Re: [ANN] ICONOMI - Digital Assets Management Platform
by
MoveCrypto
on 26/03/2017, 15:41:19 UTC
Can anyone speculate on next project ICONOMI team is looking to invest into, I can see we are in the season of ICOs, so many project out there with good potential for great return for investors.

TBH, ICONOMI team is too conservative, they only invested in a few projects, like golem. BB is free distribution, which is not an investment. ICONOMI missed many huge projects, like Decred, Stratis, ETH, or Dash, if they caught the pump, their profit now is insane.

Dash and Eth are both a part of ICNx. And Eth is one of the currencies they hold from the ICO for ICNp investing, so in that way it is a part of ICNp too.

They have said they plan to greatly increase the number of projects they invest in for ICNp in the near future. Last I checked they still have around 19 million USD worth of funds for ICNp investing in the form of BTC, ETH, and LSK that was collected during the ICO (they were smart and decided to use their fiat first allowing all those cryptos to appreciate in value since the ICO hence how they have significantly more money now in terms of USD than they did at the conclusion of the ICO).

I imagine their top prioirty right now is finishing up and releasing the platform. Give them some time before labeling them too conservative, they have barely gotten started yet. IMHO everything so far indicates the team knows what they are doing, perhaps even better than they may lead one to believe.

ICNP is focused on investing into new ico's.  Decred didn't have an ico and Stratis ico was before Iconomi collected any money.

Patiently waiting is a good strategy for ico investing.  If you fomo invest into every ico that gets hyped then you get burned.

You make a good point that there is profit to be made in these pumps.  Maybe Iconomi (or a user on their platform) could make a "trading" fund that focuses on catching pumps on exchanges.