ICONOMI Launched Today But..........
ICONOMI Updates: New DAA Managers, Android App and November Reddit AMA
The ICONOMI project has brought on new DAA Managers, has released an Android app and are also taking questions for the upcoming Reddit AMA.
The ambitious ICONOMI project seems to be on track, as per their latest update, which shows promising developments and an increase in the user-base. The team has also scheduled their November
For those who are unfamiliar, For those who are unfamiliar Iconomi Coin Reddit , which are passively managed and feature very low fees and barriers to entry.
The ecosystem comprises two main parties – Digital Asset Array (DAA) Managers and DAA Investors – where the former are experienced asset managers and the latter are investors who can choose any of the available DAAs based on their preferences (stability, consistency or high-risk, high-reward etc.)
The platform’s main edge is that it allows investors to manage their risk and exposure, while benefiting from the expertise of a skilled manager. When someone invests in a particular DAA, the funds are divided equally across all the assets in the portfolio.
In their latest update, the team shared detailed on the first group of 12 DAA managers, which were chosen from 150 candidates. The selected managers, such as ICO expert
, have experience working in financial markets, have experience working in financial markets Iconomi Coin Reddit
New updates have been released for the platform as well, such as the DAA comparison feature, an increase in buy/sell limits and changing DAA sorting mode to weekly performance. The interface for DAA Managers also underwent some changes, and now they can easily evaluate their performance with helpful charts, statistics and insights within the dashboard.
Last month also saw the release of ICONOMI’s Android app, which can be downloaded from the
. As of now, the app only allows users to browse through DAAs and compare them, but future updates plan to add buying and selling functionality as well.
with the Parity multi-sig wallet vulnerability Iconomi Coin Reddit , with the Parity multi-sig wallet vulnerability, which locked down close to 115,000 Ether which was in ICONOMI’s wallet. However, according to their statement, the project’s operations were largely unaffected, while the Parity team is still working on a possible solution.
On the positive side, ICONOMI’s book value reached $119,787,279 by the end of Q3 2017, which is an increase of over 10% from Q2. Additionally, the platform also saw a huge influx of users, growing by 700% compared to Q2, to reach 28,268.
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