Iconomi: Blockchain Token – What is it?

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Estimated reading time: 1 minute, 59 seconds

Iconomi is a platform for digital assets management intended to help grow the distributed economy. They hope to break down traditional barriers for investing and reduce time limitations in doing so. Built using the Ethereum platform and protocols, Iconomi is an ERC-20 token.

In episode 7 of Blockchain Token, Joe goes over Iconomi, discussing it’s features and functionalities as a blockchain or token, possibly both! And he gives you some helpful resources to explore more! So check out our video, or read about Iconomi below!

Iconomi offers a simple and positive experience for getting involved in the growing distributed economy, through their Digital Asset Management Platform. They hope to make it easier for first-time investors to get involved in the market, by breaking down traditional barriers and reducing time needed to take the steps to make an investment.

Iconomi’s goal is to have a network of investors and managers using their platform for digital asset management and investing. On the network you can invest and manage various digital assets that you hold or combine your assets into a Digital Assets Array™ (DAA).

On the network Iconomi is working towards being able to become a manager for assets and DAA’s. Iconomi’s goal is to create a simple Digital Asset Management platform for investors and managers to come together. Here, managers can earn reputation for performing well, and investors get good returns on their investments and from participation.

Note that their token has an interesting relationship to their network. It was initially an investment into their company, and they will release a different token later on that allows you to use it within the system.

Iconomi is a blockchain platform built on the Ethereum network, making it an ERC-20 token. Currently, Melonport is their biggest competitor.

If you want to get some resources for Iconomi or to learn more about their network and token system, visit our Iconomi resource page!


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