ICONOMI [ICN] - Fund Management Platform
ICONOMI provides an opportunity for investors looking for the simplest way to invest into the decentralised economy.
Start in minutes
The simplest way to start your DAA (digital asset array, similar to a crypto-investment fund). Sign up, deposit digital assets and you are ready to go. (COMING SOON)
Put your knowledge to work
Use your track record to attract the digital assets of followers and increase their wealth and yours. Compete with other managers to attract the most followers. (COMING SOON)
Simple to use
Digital assets require extra layers of security, and their storage and management can become a nightmare. ICONOMI takes care of that for you!
24/7 Access and Liquidity
Manage your digital assets 24/7. Fast withdrawals (*hot-wallet and per-session withdrawal limits apply) and no contract lock-ins. Growing list of supported digital coins and app tokens with deep liquidity.
All trades are executed on the markets. ICONOMI will never trade against you. No small print or hidden costs.
Cutting edge security
The majority of assets are permanently stored in multi-sig protected cold wallets, so you can enjoy the safety of physical bank vaults.
Create your own digital asset arrays
Choose from a wide selection of decentralised economy tokens. Easily adjust your array for maximum growth.
Become a star!
Do you have what it takes? Optimise your assets array and outperform the competition!
Share it with supporters
Invite others to support your assets array and share proceeds.
Digital assets are the foundation of the new economy. They represent stakes in services like prediction markets, micro-payments, smart contracts, remittance, games, distributed computing and others. Digital assets with largest market capitalisation include Bitcoin, Ethereum, Ripple, Litecoin, Monero, Dash, MaidSafeCoin, NEM and of course ICONOMI.
Assets on ICONOMI
Bitcoin (BTC) is the original cryptocurrency that still represents over 80% of the cryptocurrency market capitalisation.
Ether (ETH) is a currency of a decentralised platform that allows developers to create decentralised applications and smart contracts.
Monero (XMR) is a privacy-centric cryptocurrency that uses advanced transaction cloaking techniques.
MaidSafecoin (MAID) is the token used on the Maidsafe Network, which is a decentralised data storage network.
GameCredits (GAME) is a gaming currency based on Bitcoin that aims to replace existing in-game purchasing options and mechanisms.
Steem (STEEM) is building decentralised content and media distribution platform,
promising to disrupt publishing and distribution businesses. Community building and
social interaction are awarded.
Digital Cash (DASH) is a digital currency based on Bitcoin that includes faster transactions and enhanced financial privacy.
Augur (REP) is a decentralised prediction market to exchange value when forecasting event outcomes based on the 'wisdom of the crowd' principle.
Factom (FCT) provides a data layer for blockchain applications featuring real-time audits and instant data verification.
Lisk (LSK) is a public blockchain platform that provides decentralised blockchain apps with their own separate blockchain, solving the scalability challenges.
ZCASH (ZEC) is a cryptocurrency focused on privacy and anonymity that features untraceable transactions.
Digital Asset Arrays (DAA) include various combinations of digital assets. Each manager can create his own assortment of specific digital assets and offer them to the community.
LOWER THE RISK OF VALUE LOSS
The new economy moves at lightning speed, so the value of digital assets can fluctuate rapidly. Making an array of several digital assets can lower the risk of fall in value.
MAINTAIN AN OPTIMAL DIGITAL ASSET MIX
Easy array adjustments enable constant reaction to the markets for optimal growth.
ATTRACT SUPPORTERS AND SHARE PROCEEDS
Invite others to support your assets array and share proceeds.
ICONOMI.index is a passive digital assets
array (DAA) developed from the ICONOMI cryptocurrencies index. It
measures the performance of digital assets that meet the ICONOMI
eligibility criteria and mimics the blockchain economy. The structure of
the ICONOMI.index DAA delivers diversification benefits and minimises
risk. The digital assets currently included in the index represent ~92%
of the total market capitalisation of cryptocurrencies.
ICONOMI.index constituents and their
corresponding weights are rebalanced on a monthly basis, or more
frequently due to the fast changing environment of the cryptocurrency
market. Between rebalancing periods, the weights of the index
constituents move proportionally to their price movements. If the weight
of a specific digital asset surpasses 25%, the index is immediately
ICONOMI.index is represented by ICNX app
token. The methodology, rules, current structure and price of
ICONOMI.index is published and updated every 5 minutes.
ICONOMI Ethereum Trading Platform
Your Ether Journey Starts Here
Buy, sell and use ether.
Simple Purchase with Euro
Our user friendly platform makes all actions easy and fast.
Impeccable Security Measures
2 Factor Authentication (2FA) and a password demand for each transaction you make on top of an advanced Ethereum protocol.
Cash out to your SEPA bank account at any time - no withdrawal fee!
Low-cost PROMOTIONAL ZERO COST!
There is a 1% fee on trades only. Free trading for a limited time.
Tim M. Zagar, Co-founder, CEO
Jani Valjavec, Co-founder, Trading
Ervin U. Kovac, COO, Legal lead
Gregor Lah, CTO, development lead
Primoz Kordez, Fund infrastructure lead
Jan Isakovic, Mentoring program lead
Daniel Zakrisson, Head of investment evaluation
Domen Skalar, Infrastructure lead
Ales Lekse, Development lead
Meta Vrhnjak, Special operations
Niko Klansek, Special operations
Jaka Mele, Corporate communications
Andrej Mihelic, UX/UI designer
Nejc Zupan, Customer support
Tjasa Tolj, Customer support
Gregor Kobal, Customer support
Miha Martinjak, development
Joze Kosmerl, development
For detailed Team descriptions please check out ico.iconomi.net
Aleksander Vasylchenko PhD, CTO Grid Singularity & Ex-CTO Mycelium
Zenel Batagelj, Co-founder, Managing Partner Valicon
Lyuben Belov, Co-founder, Managing Partner LAUNCHub
Domen Ursic, Independent PR advisor
Stephane Gantchev, Partner LAUNCHub and Co-organizer of DigitalK
For detailed Advisors descriptions please check out ico.iconomi.net
Max Kordek, Co-founder and CEO LISK Escrow Partnership Confirmation from Max
Aleksander Vasylchenko PhD, CTO Grid Singularity & Ex-CTO Mycelium Escrow Partnership Confirmation from Alexander
Gasper Kenda, Co-founder, Xaurum project Escrow Partnership Confirmation from Gasper
Tim M. Zagar, Co-founder, ICONOMI Escrow Partnership Confirmation from Tim
USD: video proof
EUR: video proof
(do not send funds to these addresses directly!)
Whitepaper on App Token Funds:https://www.iconomi.net/CoinFu...
- https://medium.com/iconominethttps://iconominet.herokuapp.com (slack)
ICONOMI acquires 9.766% of Byteball initial distribution free of charge
ICONOMI has successfully linked its bitcoin wallet to the Byteball project, taking part in the first round of byte token distribution. With an ICONOMI balance of 6900 BTC, ICONOMI’s stake in the first distribution of bytes represents 9.766% of initial distribution, making it the second largest participant. The value of all acquired Byte tokens is already approaching 200,000 USD.
aims to decentralise storage and transfer of value, and is interesting
because of its new consensus algorithm approach. Byteball’s developers
believe that the success of the currency depends on the number of people
owning and using it. That’s why they decided against ICO crowdsale, but
to distribute 98% of all currency free of charge among Bitcoin holders instead. You can read more about Byteball at https://byteball.org
The received bytes are divided between ICONOMI and ICONOMI.performance DAA (Digital Asset Array™) based on a ratio which derives from an ICO-time decision that all raised capital beyond the 10,000 BTC mark goes to ICONOMI.performance DAA.
To summarise, ICONOMI.performance was seeded with the following assets:
- 2,987.076 BTC
- 86,220.320 ETH
- 1,729,538.793 LSK
- 53,433.21 USD
- 1,080,517.79 EUR
Therefore out of all received byte tokens, 4,221.28825 giga bytes became part of the ICONOMI.performance DAA, while the remaining 5,538.64343 giga bytes belong to the ICONOMI, and consequently benefit all shareholders. Depending on Byteball’s success, some day this might represent significant capital growth and additional revenue for ICONOMI and ICONOMI.performance DAA. The value of all acquired Byte tokens is already approaching 200,000 USD.
We wish the team behind Byteball good luck with the project.
An interesting observation — out of 16 million existing bitcoins, only 70,663 were linked to Byteball. This surprisingly small number could either mean that bitcoin holders don’t find Byteball valuable — neither now nor in the future — or that the majority of bitcoin owners did not know about this opportunity. We believe that the crypto investors who hold Bitcoin would never pass up a lucrative opportunity, therefore the second answer seems more plausible.
This is further proof that with everything happening so fast in the crypto world even an active crypto investor can miss a lot. ICONOMI and ICONOMI.performance will systematically work to seize each opportunity to increase value for the shareholders and DAA token holders.
If Code Should Be Law We Need Better Development Standards
On Smart Contract Architecture And Testing
The recently discovered bug in the ether.camp token handling smart contract (and any project that inherits this contract, basically all ether.camp hackathon projects) again highlighted the special needs for good architecture, testing and security in smart contract development.
The problem with this contract is pretty similar to what happened to the DAO — a smart contract with control of a value token has a bug (because of an oversight in its implementation) that allows an outsider to issue calls to it that have unintentional consequences.
Smart contracts are something new because for the first time we have computer code without governance that controls actual money, and in some cases serious amounts of money.
Why Smart Contract Development Is Special
Smart contract development is different from most other contemporary development as there are rarely any easy upgrade paths, especially in the critical parts (that control ether or other value tokens). Deploy it and once the contract is in use you are pretty much stuck with it.
If we learn from software architecture and quality assurance in other industries with very high security requirements or with difficult upgrade paths — aerospace, embedded systems or medtech (where I have my background) — I hope that we as a community can develop a clear minimum set of best practices in smart contract development that will help minimize the risks associated with contract development and deployment as much as possible.
Others that are more involved with ethereum development already have this started (e.g. see the the Zeppelin Smart Contract Framework). My goal with this post is to highlight this issue again and get an even higher level discussion going and hopefully be able to define a minimum set of architectural and testing requirements that all core smart contracts should be subject to.
For starters, I propose the following architectural best practice check list:
- Use and reuse audited open source code as much as possible (such as ERC: 20)
- Separate token issuance and token control from all other code into separate contracts
- Implement a safety stop (kill switch) function at the top of the code in case something happens
- Implement a contract transfer function whenever possible
There is an absolute need to follow current best practices in testing. This is an established field and I won’t go into the details, but basically there are two parts — verification and validation testing.
Verification is to verify that the code has been written according to the requirements and design specifications. At release (and preferably during development) this is tested in unit tests, functional test and integration tests. These tests can and should be automated and cover expected states and different fringe cases.
On top of the verification testing formal verification, code reviews and security audits should be done to further verify the code and find bugs, errors and weaknesses.
Validation, the other type of testing, has so far not been discussed to the same extent as verification in smart contract development. Validation ensures that the product meet the user needs, and that the requirements were correct in the first place. Usually this is done through validation with external users in alpha/beta-testing or in studies.
The DAO failure happened because of missing validation testing and the current ether.camp bug is the result of bad verification testing. Many times the flaws in complex code will only be visible when the code is actually used and there are real users and data involved, and with that real values at stake.
For example, validation testing in Ethereum can be done through early deployment on the testnet, and then later as proof-of-concept on the real network before being deployed and given it’s full rights on the chain. Validation testing can also be done in many other forms, e.g. using the proposed contract in a production setting but with limited risk compared to the future full deployment.
Bear in mind that validation is to ensure that the code works as intended by its creators. Code that does not behave as intended is simply buggy code that is not validated and should never have been released in the first place.
If code is to be law as some argue, then it must be properly verified and validated — and therefore work as intended before being released. As long as code is in validation I see absolutely no problem with using any tools available in order to update the code and fix the bugs.
Ethereum itself still undergoes validation testing. Some of it is intentional, releasing the production system early when ether had limited value, the increasing importance of a functioning backend/blockchain and size of the ecosystem, increasing number of transactions and users, slow introduction of new features and soft- and hard forking. Some is also unintentional, like The Hackers long time stress testing.
The creator of Rouleth (a gambling dapp) released the contract early (8 months ago) and has iterated the contract and slowly increased the number of bets and the stakes involved over time in order to validate the code. Releasing a proof-of-concept and over time test it with more and more users/assets/importance is a great way to validate as well.
My proposed minimum testing for smart contracts is:
- Have a testing plan for both verification and validation testing
- Do code reviews
- Do verification testing with automated unit, functional and integration tests
- Do external security audits
- Do validation testing by extensively testing on the testnet and then
- After testnet testing, do more testing with limited risk in proof-of-concept or alpha stage on the main net
This is by no means an exhaustive list of all quality assurance activities that should be done for smart contract development. Instead, it’s the start of a discussion. Please get back to me with ideas on how to improve this simple checklist for all smart contract developers out there to use.
But, if you are a smart contract developer or plan to use smart contracts in your project in any form and are unfamiliar with any of the concepts above — DO YOUR HOMEWORK FIRST. In most cases you will only have one chance to screw up.