As of press time, there are only 47 hours left before ICONOMI, the hottest Initial Coin Offering (ICO) that recently came out of the blockchain space, ends. The ICO already raised some 6,414,422.57 U.S. dollars from about 2,476 investors.
Industry watchers are expecting some last minute buyers as the clock runs out around September 29, 2016 20:00 UTC time.
Touted as blockchains’ Uber for Fund Management, Slovenia-based ICONOMI, has become one of the twenty most largest crowd-funded investment sale to date. It is sort of crypto’s version of a mutual fund.
It has this so-called ‘ICNX’’, which is a cryptocurrency index. They said ICNX will be the foundation for ICONOMI’s “ETF-type” investment fund (ICONOMI.INDEX) when it launches before 2016 ends. The index fund composes of several high-volume cryptocurrencies while another fund, ICONOMI.PERFORMANCE, will be actively managed by veteran expert traders. This fund aims to have higher yields than ICONOMI.INDEX.
ICONOMI co-founder, Tim M. Zagar @wwwMZ, said that the ICO’s success is proof that ‘uberization’ is best for far more than consumer-level services. He added that, “There is tremendous demand for a platform like ICONOMI to cut out the middleman, thus lowering the barrier to entry for investment into cryptocurrencies.” The world’s first crypto index fund is providing diversification opportunities to cryptocurrencies traders and investors that are obvious to everyone, Zagar stated.
It is indeed a great opportunity to be able to invest in one of fintech’s most exciting crowdfunds. Head over to https://ico.iconomi.net/ before it’s too late.