What is Iconomi?
From the website, “The ICONOMI Digital Assets Management Platform is a new and unique technical service that allows anyone from beginners to blockchain experts to invest and manage digital assets.” In laymans terms the website will allow users to create their own fund comprised of different crypto currencies and allow other users to invest in their newly created fund. There are also two funds, ICNP and ICNX, that are managed by the Iconomi team. To get a feel for the platform checkout: https://www.iconomi.net/dashboard/#/INDEX
Why is Iconomi Undervalued?
Right now, Iconomi is the most undervalued company on the first page of coinmarketcap.com with only a $166,065,600 market cap and under $2 per coin. Let’s take a look at their books.
In Iconomi’s most recent ask me anything session Jani Valjavec, Co-founder, said ICNP represents approximately 45% of Iconomi's book value and is currently valued at a little over $52 million, therefore Iconomi's book value is well over $100 million. This means that the actual assets the company holds are relatively close to the company’s market cap, which is rare in the crypto space. Also in the event that Iconomi goes out of business they will sell of their assets and reimburse ICN holders.
ICN is the Iconomi platform token that used to officially represent 100% ownership of the company. Recently they have changed their wording away from ownership. I suspect this is due to them wanting to enter the US market and is not due to nefarious tactics. They will still be doing ICN buy backs every quarter with their 20% the company’s profits. Iconomi has substantial profits right now and aren’t even officially open for business yet.
The Iconomi platform is set to launch in under 2 months. During the launch period, I expect the ICN token to reach as high as $5. I plan on holding the ICN token till at least after the Q4 2017 buy back. This will be the first quarter the platform is in fully operational and the revenue will show the true potential of this company.
If the mania continues at its current pace ICN should have no problem hitting $10 next year. Since it is an easy on ramp for people to invest in the crypto space and instantly get diversity. $10 ICN would only be roughly a $1 billion-dollar market cap which is fairly conservative in this environment.
Can Iconomi reach as high as a $10 billion market cap in the coming years as several traditional companies in the equities sector have? Leave your thoughts below.
Update: ICONOMI put 7.5k ETH in Bancor, so you can indirectly invest in Bancor by investing in ICN.
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"This means that the actual assets the company holds are relatively close to the company’s market cap, which is rare in the crypto space.".... this is unusual, going to follow this and check it out.
Yes always do you own research. I hope I pointed you in th right direction and you make some good money.
Hi Wolfo, How or Where can I buy ICN? Also, what is your take on DGB and BCN if you dont mind? Any input is much appreciated. Tha ks!
Shapeshift is the easiest way to buy it. https://liqui.io/ also has it. I havent looked into DGB and BCN enough to comment. I am looking into Tezos, Stratis anw WIngs right now and plan on doing posts on them
At $2 how could you go wrong?
Added to my list of things to research further. Thanks for the tip!
You are welcome.
nice posting like it and follow your for next amazing posts
Great info, thanks for sharing. I always thought their site looked a cut above but haven't gotten around to research yet. Keep up the tips!
Thanks for the feedback. I am currently researching another company, I will have a post on it soon.
Thanks for the post. I will definitely check out Iconomi.
Excellent assessment. I also think Icon is undervalued. 2nd quarter report coming at the end of June, so the price is right for a buy before they release it. Icon is one of my favorite investments right now, working on accumulating more.
one of my favorite also. I think ICN has $50 -$100 potential the way the market is going. its just an awesome investment and they are making all the right moves
Going to keep my eye on this. Thanks for posting about it.
Always yours,
Swolesome.
Thank you for sharing - this is very important information for investors.
This is like giving us a cheat code
Anyone remembers "showmethemoney" ? 😁
Nice post. Icn is very interesting. Should be a fun filled 6 weeks till aug 1
Nice article. I just got into Iconomi, looking forward to seeing some nice gains with this one.