At Elements Estates we believe in sharing knowledge around blockchain technology. That's why we want to create awareness around this Youtube video 'Blockchain Island 2'. Have a look at it and share your comments with us!

Malta is improving every day. Do you think you can get some real estate in Malta?

This is important in BC:

What is a Proof of Solvency?
This proof of solvency allows each ICONOMI user's account balance to be verified without disclosing any personal information. We have also set up a system to enable users to verify their account balances for themselves.The proof of solvency also proves that ICONOMI's reserves are greater than its liabilities.Note: A proof of solvency does not constitute any type of financial statement audit. It is defined as a process in which blockchain technology is used to prove the existence and/or ownership of digital assets.

Why is it important?
For users, proof of solvency is primarily a way to increase transparency. Because we have undergone a proof of solvency by a third-party company, you can be sure that all account balances are correct and that all company liabilities have been calculated accurately.

Who performed the Proof of Solvency?
The proof of solvency was performed by a Big Four professional services firm with a strong reputation throughout the world for its thorough, accurate procedures.

Dear sir, you have the financial reports right on that page. Scroll down https://www.iconomi.com/investors

I hope this is of help to you.

ICONOMI Financial Report — Q1 2019

Heraclitus, a Greek philosopher, said that change is the only constant in life. And with that in mind, we also started 2019. As a team, we became leaner and our focus on the users gave its first results: launching new webpage, accompanied by more active status on our social media networks. The direction is set and ICONOMI Next is our new manifestation.

In Q1 our book value decreased slightly from 37.2 to 36 million USD. In January, we converted the second tranche of ICN to ETH. We partially sold positions in MANA, Aergo, and Bitcoin. Going forward we will disclose major positions we hold, while other transactions will be mentioned in comments. Regarding the previously undisclosed investments, these investments are Aergo, Arweave, Carry, Hypernet 1, Hypernet 2, Thunder, Oasis, Origo, Witnet, and Nucypher. We are proud to be an investor in these great projects, some of which are now trading at up 5x our investment multiples.

We will continue with selling alt coins and streamline our portfolio to core investments, while at the same time maintaining enough fiat for funding our operations.
Looking at our burn rate, we see significant improvement. While revenues in Q1 did not change much (platform fees were 40k, while staking fees were 38k), we decreased expenditures by almost a third. The main cut was in salaries (smaller team) and services costs. Legal costs (mainly related to eICN process and AML) and marketing costs are the main contributors to service costs.

the rest of financial report of Q1: https://medium.com/iconominet/iconomi-financial-report-q1-2019-a6435803537c

Hey,

does Iconomi has some features that you can pay to promote your fund trough their social and other media platforms ? Do they have something or is that all on you to promote your fund and get the right people to invest in your fund ?

Please tell me more ?

Thank you.

I have been thinking and maybe you could do a competition for all private crypto fund creators - the one that would have the best performance would be rewarded in some seed money or something. Just a suggestion about how you may increase users.

Forgot to reply. Yes I found theese infos. For the cryptocurrencies there is enough background (you can also get it elswhere), but for fund there would be nice to have maybe a little more information.

Do you have an article on how theese management fees are calculated I would really like to know the 'math' behind. Some of the fees are maybe 1% and some are up to 6%. I have checked the market cap / AUM and there is actually no connection between the fees and the market cap.  (For example: We take MoonShot fund  that takes 1% fee and has a market cap of 43.000 € and the other one is Global Macro Crypto that takes 6% management fee and has less capital I mean market cap of 30.000 € ).

Thanks guys.

You get to:

choose from 70+ cryptocurrencies

Okay congradulations on that. But where can I find some more info about the coins I want to invest. I need some previous highs/lows, news, why would I invest and all kinds of similar info. Kind of like buying stocks. You want to know as much as you can about the company you are investing in and than keep on tracking and following the latest updates. On my fund if I invest in multiple cryptos I want a really good background on the tokens/startups. Right ?

ICN token --> Securities of ICONOMI AG

ICN tokens will be exchanged for Profit Participation Securities of ICONOMI AG (i.e. Securities/Genussscheine of ICONOMI AG), which will not be issued in a tokenized form as security tokens, but as dematerialised securities. Tokenization of Securities of ICONOMI AG (until now communicated as "eICN security tokens issuance") will take place at a later stage.

Explanation:
Due to the lack of (technical) standards for security tokens, licensed and operated trading venues/exchanges for security tokens and legal clarity, Securities will not be tokenized at issuance but will be tokenized at a later stage. The Issuer (ICONOMI AG) will re-evaluate the possibility of tokenising the Securities as soon as above mentioned conditions are met.

Has this already happened ?

What is the expertise of TokenSuisse, how long have you been in the financial industry, and how would you describe your company?

TokenSuisse’s focus lies on investments in blockchain solutions with true potential and disruptive power. By facilitating the access to this disruptive and vastly unknown asset class, we allow our clients to directly benefit from an emerging asset class in a qualified and safe manner. TokenSuisse was founded in July 2017 by a set of experienced financial markets professionals with a combined 50 years of experience and distinguished expertise in the field of Crypto Assets. Our founders have been actively involved since the democratization of Crypto Assets began.

What is the strategy of the Crypto Star Index? What would you say to users to convince them to invest?

The Crypto Star Index (CSTRP) is a balanced Crypto Asset Index which reflects general Crypto Asset trends and provides diversified exposure to the most established blockchain categories. The Crypto Star Index relies on diversification rules and takes into account the underlying blockchain technology and the market capitalization of the corresponding blockchain assets. The Crypto Star Index is rebalanced monthly.

How do people in Switzerland view cryptocurrencies? How fast is adoption taking place?

The Swiss are open to cryptocurrencies. Many people have heard of it and some even have direct experience with it. There are still some roadblocks to be removed on the way to mass adoption. On one hand, this has to do with the use cases offered by blockchain, and on the other hand with the hurdles in place in the banking system and the regulatory landscape. We see the first steps, on both fronts, that will finally pave the way for mass adoption.

EURO bank transfers available for 367 million Europeans

ICONOMI announces that as of today, citizens from Czech Republic, Denmark, Hungary, and Switzerland have also become eligible to invest into cryptocurrencies and Digital Portfolios, directly with euros.

Building a bridge between crypto and the traditional finance world

"Ease of entry into the crypto market is one of the most crucial aspects for its mass adoption. At ICONOMI, we are striving to open the euro deposits for as many people as possible.", explains Miha Vidmar, CTO at ICONOMI.
Citizens of 27 European countries eligible to buy cryptocurrencies with euros

Citizens of Austria, Belgium, Czech Republic, Cyprus, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Monaco, the Netherlands, Portugal, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland and the United Kingdom can deposit/withdraw and buy/sell cryptocurrencies and Digital Portfolios with euros.

If you are a citizen of Czech Republic, Denmark, Hungary, Sweden, Switzerland, and  the United Kingdom, please note, that euros need to be transferred to the ICONOMI platform in order to avoid extra fees.

If your country isn’t supported yet, you can deposit/withdraw cryptocurrencies and buy/sell cryptocurrencies and digital portfolios with bitcoin (BTC) and ether (ETH).

I see that AMAs have become quite popular with in the crypto space. I found out that (if I am not mistaken) you have done your last AMA in December ? Did you talk over that maybe it would be a positive thing to do an AMA again for the NEXT features with some developers or marketing team ?

My humble opinion. Thank you.

What does your portfolio have exactly ? Can you track everything that you want to for ecample: Bitcoin, Can I track the important news ? All of the fees, trend and prices?
So that you have all in one place.
Thanks.

eICN Exchange Process
The dedicated ICN exchange page will remain continuously available until December 31, 2019. There will be two distribution dates:

July 31, 2019: All ICN tokens exchanged by June 30, 2019
January 31, 2020: All ICN tokens exchanged by December 31, 2019
Exchange Rates
The ICN to eICN exchange will remain 1:1 for the entire period up to December 31, 2019. The ICN to ETH exchange rate has changed and is now 0.00165 ETH for one ICN token. This exchange rate is valid until January 31, 2019.

Starting February 1, 2019, the ICN to ETH exchange rate will be 0.00125. We encourage you to act now and exchange your ICN on the ICONOMI platform.

After December 31, 2019, exchange of ICN tokens will no longer be possible. All ICN tokens still on the ICONOMI platform on December 31, 2019 will automatically be converted to ETH at the exchange rate valid at that time.

Great. When is the next update from NEXT ?

I apologise if I am annoying. I read up above that you will post all of the details in the next posts in the next few weeks (on every social media). That is great, but still do you have something to send maybe ? Or if I apply to your newsletter do you send more info via email. I am quite serious about investing if it is still possible (what are the ways of doing that .. probably to buy ICN token on exchanges right?)

Thank you guys for the help.

Hello everyone,

I guess Bitcointalk is still the nr.1 crypto talk. If I remember correct Iconomi was one of the first couple of icos in europe. Now this is interresting and great that they are pushing things ahead and proving to all the sceptics that blockchain is soo much alive. I have been reading the NEXT features and how many of the features were choosen by the community ? Good way to secure the best UI/UX for your users. You have anything more like some brochures or a lightpaper or something for me to learn more ?

Thanks BR