what is Iconomic? How is it passive investment? Is it a platform where it allows you to buy coins and agents rotate the money for you? Sorry but I don't know how it works, can someone explain it to me? I want to be enlightened on this and how it is passive investment because I would like to find for efficient ways to invest in cryptocurrency
Iconomi is basically a platform for fund managers to list their own funds and attract investors. There are a few funds available now, one called Blockchain Index (an index fund), which gives us a way to do passive investment. We just send the money and sit and watch the performance of the index.
Cryptomover has a token called CM10, its underlying value is reflected by the CM10 Index Fund, which is an index fund composed of the 10 largest coins. This company is less well-known but the management fee is so low that it attracts my attention. I just did some research and turns out the company is in the 500 startups.
Actually I also search about Bit20, but seems like the liquidity of Bit20 is super low, so I am not considering it.