Poop Coin analysis Two: ICONOMI Coin (ICN) A trusty coin.

in #altcoin6 years ago

Rank: 130
Market Cap: $58,218,689 USD
Volume (24h): $387,000 USD
Price: $0.587134 USD (4.71% on the Upside)
Total Supply: 99,156,976 ICN

So are you forced to sell your house because you went all in on Crypto with the HODL mentality, then made a really horrible trade decision and now you might just have to live under a bridge in NYC? Would you rather have a company screw you over to make you feel just a little bit less worthless? Well read no further friend cause this project is just for you! The ICONOMI coin has a low volume which is great for the possibility of the price shooting up one day. The coin follows a sorta predictable pattern, which can be great for those savvy technical geeks out there who love to trade. I believe this coin can be a definitive hold, but also because of the volatility it can be great for the average day crypto trader.
The ICONOMI Digital Asset Management Platform is a new and unique technical service that takes care of this process for you using diversified baskets of digital assets called Digital Asset Arrays (DAAs). The platform is a mutual fund that is managed by professionals that will trade your digital assets and keep an eye on the market while you go off and play golf. They charge 3% off of the profits that they make trading your funds. However, you do not pay a monthly or yearly fee. So if they don't perform any trades then they are not making any money. Also with the fact that they want to keep retention in their project to be able to grow their business, they have to be trading effectively. The purpose of this project is to eliminate the hassle of trading crypto and to place that burden on someone else, cause most of us are lazy. They do allow you to choose between aggressive and conservative accounts, so that you can judge if you are willing to take on risk! But since you are probably a crypto enthusiast that doesn't really matter to you much. I mean crypto is crypto. If you want safety go to stocks...
The moment that you make a deposit into their systems you immediately know what digital assets have been bought on your behalf.

https://www.iconomi.net/proof-of-solvency/201804

You can manage your digital assets 24/7 with fast withdrawals and no contract lock-ins. There is also a growing list of supported value tokens with deep liquidity. They understand that digital assets also require extra layers of security because of hackers. So the majority of the assets are permanently stored in multisig protected cold wallets, so you can enjoy the extra piece of mind that your funds are in a physical vault. Multisignature is a form of technology used to add additional security for cryptocurrency transactions. Multisignature addresses require another user or users sign a transaction before it can be broadcast onto the blockchain. The only downside to this technology is that it requires a third party in transactions and can slow down the actual transfer of funds. How this might play out on a large scale exchange operation is a thought for concern. We have already seen how a congestion in the Bitcoin blockchain affected speeds in 2017. The company is 100% transparent which allows you to see the allocations at any time! During Q1, they invested 4,300 ETH into Futourist and two other projects that they will disclosing in the near future. ICN managers also invested $397,500 in 265,000 ICN. A more detailed report will be published by Columbus Capital.

https://medium.com/@columbuscapital

One of the cool things about the ICN team is that they understand the fundamentals of the Crypto atmosphere. They trade all three generations of digital assets:
Bitcoin
Altcoins
Tokens

The platform also allows you to become a DAA manager. But why become a DAA manager you ask? Well you are allowed to choose from a wide selection of digital assets to create your DAA structure, and easily adjust your DAA for optimum performance. If you outperform the competition and the market, well more people are going to take notice and invest in you! Imagine managing a fund with over $1,000,000 USD. Everytime you make a trade, you will be getting about 3% of the profits. That is a pretty good deal. They even have an app on the app store which already targets a huge portion of the US population. The app description on their website states:

“Description
The ICONOMI Digital Asset Management Platform is a new and unique technical service that allows anyone from beginners to blockchain experts to invest in and manage digital assets. The ICONOMI platform provides the best experience and simplest method for entering the growing distributed economy.
With a broad set of unique and intuitive tools for people of any skill level, ICONOMI enables users to invest in and manage various digital assets and combinations of digital assets called Digital Asset Arrays™ (DAAs).”

Eventually ICN will adopt a direct deposit option. What does this entail? Well essentially the project mimics a copy trading account where you can follow professionals and it is also targeting Coinbase’s way of doing business. Maybe this project will become the new coinbase? On top of everything, if you are terrified of the IRA. ICN does provide financial reports which can be used in tax reports. The platform is OTC (Over-the-counter).
I do think this is a worthy project, because of its transparency and their performance given with the market crash in january. They also manage on average between 7 million dollars, which adds a layer of comfort and have a long proven track record that you can google at any given time.

They are very active on social media:

MainPage: https://www.iconomi.net/
Twitter: https://twitter.com/iconominet
Facebook: https://www.facebook.com/iconomi.net
Reddit: https://www.reddit.com/r/ICONOMI
Medium: https://medium.com/iconominet
Announcement: https://iconominet.rocket.chat/channel/announcements

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iconomi is on of the best altcoin. its low supply. I am holding ICN

Thanks for valuable post. @dreamants

First of all, my answer is not against you or your views @dreamants. I appreciate your effort and wish you all the best.

What's going on with whole cryptocurrency industry is a sure way for death.
The reason why cryptocurrency is made had more noble cause, but what it turned out to be is total Ponzi scheme.
Basically it's a system where earlier investors get payed using funds obtained from newer investors. And whole system depends on getting new investors who will give more money for something without any value and hopes there will be another one who will buy from him for even more money.
The whole system now is created in the way that someone has to lose money so someone else can earn. Earlier idea of using it as "money" or simply said paying for goods without banks taking the cut is almost completely gone.

Plus we got thousands worthless coins that are trying to convince someone that they will be the new Bitcoin but in reality they are bring absolutely nothing in value and credibility. They are just made by very greedy people hoping to earn millions on nothing.

If we keep going this road, the future for most cryptocurrency investors is not good at all

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To support your work, I also upvoted your post!

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Nice post .do follow and upvote please .i will also

Coins mentioned in post:

CoinPrice (USD)📉 24h📈 7d
BTCBitcoin7346.740$-1.3%16.35%
ETHEthereum477.400$-5.69%8.49%
ICNIconomi0.669$-3.73%14.26%
NYCNewYorkCoin0.000$-8.33%19.74%

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