Price info: https://coinmarketcap.com/currencies/iconomi/
Iconomi is a digital assets management platform. It enables users to invest in digital asset funds, which they call Digital Asset Arrays (DAA).
In March 2018, Iconomi introduced fees payable in its ICN token. Adding fees payable in ICN will increase usage of the token.
Further, starting July 2018, DAA management fees will be collected and converted to ICN on a daily basis, then burned at the end of each quarter (this is like stock buybacks). The burn program will reduce the overall supply, making the remaining ICN tokens more valuable.
This is in addition to the ICN repayment program, which takes a percentage of revenue each quarter and uses it to purchase and burn ICN tokens.
Looking back at 2017, Iconomi grew rapidly:
The book value of Iconomi grew from $21 million in Q1 2017 to $327 million by the end of the year.
Iconomi revenues grew from $50,000 in Q1 2017 to over $1 million in Q4 2017.
Users grew from zero to almost 44,000.
Looking into 2018, Iconomi remains resolute in its vision to be the bridge between the old and the new economy.
For users, Iconomi wants to redesign the website, provide more statistics, add a debit card, and make available the direct purchase of individual digital assets.
You can buy ICN on the above exchanges in the ICN/BTC, ICN/ETH, ICN/BNB (Binance) pairs.
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