What is Iconomi?
The Iconomi project wants to create an easy entry point for crypto-investing beginners, and a portfolio diversification opportunity for experienced investors. The key of their business model is called Digital Asset Arrays (DAA). DAA's are indices created by the DAA managers, compiled of digital assets available on the Iconomi Digital Assets Management Platform. The Iconomy platform connects managers and investors, where managers leverage their trading skills, building up the reputation, drawing investors to them. The ICN token was primarily envisioned as a dividend paying token, but the idea was dismissed due to legal regulations. The quarterly buyback and burn model was later applied with the ICN tokens. The announced ICN applications to be implemented are DAA creation fee, DAA rebalance fee and DAA tokenization fee. Tokens collected through these fees will be burned every quarter according to the adjusted buyback system.
|Market Name||Traded On||Average Price||24h Volume|
|ICN/BTC||Kraken, HitBTC, OKEx, Livecoin||0.00005391 BTC||$24,172|
|ICN/ETH||Kraken, OKEx, IDEX||0.00164953 ETH||$13,214|
Fundamental Cryptocurrency Data
|Circulating supply||98,930,340 ICN|
|Trading volume of all markets for this coin||$37,339|
|Iconomi ICN Prices||
0.00 XAU (= 0.00) grams GOLD
0.02 XAG (= 0.57) grams SILVER
|Marketcap|| 5,423 BTC|
810.81 kg gold
68,070.40 kg silver