This article was first published on ICONOMI - Medium
The past two weeks have been some of the most important in ICONOMI’s history. In this edition of the ICONOMI Digest, we review the issuance of our new security token, eICN; Delta Summit Index, one of the world’s first crowdsourced digital asset indexes; and more.
Changes to the ICN token and corporate governance structure
Yesterday, we announced the future launch of eICN, a tokenized share in a new joint-stock company that will be based in Liechtenstein. There are three main aspects to our plan:
- Starting on November 1, 2018, eligible ICN token holders can choose either to opt into becoming shareholders of a new joint-stock company that will be tokenized with eICN tokens, or to exchange their ICN tokens for ETH;
- The first phase of the transformation will end on December 31, 2018, with the tokenization process starting in Q1 2019;
- ETH will take the place of the ICN token’s utility on the ICONOMI platform (e.g. fees paid by DAA managers).
Delta Summit Index
As an ultra exhibitor of Delta Summit, we are proud to announce that we will be establishing one of the world’s first crowdsourced digital asset indexes for the occasion: Delta Summit Index (DSI). DSI will be co-created by attendees of the event, including many of the world’s foremost financial and cryptocurrency experts, blockchain enthusiasts, and influencers. Every Delta Summit attendee will have the unique opportunity to participate in setting DSI’s structure by voting for their favorite digital assets.
DAA Manager Interviews
In this week’s DAA Strategy Insights interview, ArabFolio.Capital Head of Investment Ahmad Shadid discussed their recent shift from the “hodl” mentality to active trading. ArabFolio.Capital’s MOON DAA was the best performing DAA last week.
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ICONOMI - Medium