Smart Contracts

Smart contracts are automated contracts. They are self-executing with specific instructions written on its code which get executed when certain conditions are made. Smart contracts are a series of instructions, written using the programming language “solidity,” which works using the IFTTT logic aka the IF-THIS-THEN-THAT logic. If the first set of instructions are done then execute the next function and after that the next one and keep on repeating until you reach the end of the contract.

The best way to understand that is by imagining a vending machine. Each step that you take acts like a trigger for the next step to execute itself. The most important part of this entire interaction is that you (the buyer) is contacting directly with the vending machine (the supplier). At no point are you dealing with a shopkeeper (a middleman.)

Plus, remember that smart contracts are created on a blockchain, which makes the contracts immutable and transparent (unless privacy features are used). Let’s go through the major benefits that smart contracts can offer.

Benefits of smart contracts

The most obvious benefit is that it will cut off all the middlemen. Imagine how much money you can save by cutting out all the brokers, banks, and lawyers. With them not collecting their standard 2-5% cuts, you will be saving up a small fortune.
Smart contracts will also considerably speed up real estate transactions. LIke we have mentioned before, real estate transactions can take months on end, and that is mainly because of the vast amount of bureaucracy, middlemen, and lack of transparency that you need to go through.Realistically speaking, smart contracts will not wholly remove local government regulations, however, it will eliminate middlemen, as mentioned above.Plus, all the various data regarding the property can be saved as a hash file within the blockchain. If you are interested in knowing more about a particular property, you can exploit the blockchain’s transparency to trace all the information you need. Imagine how much time that will save as opposed to the more traditional middle-man approach.
Finally, smart contracts can protect owners from property fraud. It is possible to link the digital ownership of your property, documents, and contracts directly to the blockchain. Once inside the blockchain, it is impossible for it to be tampered with or altered.The governments of Andhra Pradesh and Telangana in India are using the blockchain technology to fight against property fraud.

Important text dear people..

Is this for real ? Nice i get 10 euro to start to join a fund because 10 euro is too less to start my own fund right ? 100 eur plus I can start my fund.

Adoption started!

ICONOMI announces that as of today, citizens from Andorra, Bulgaria, Croatia, Guernsey, Iceland, Isle of Man, Jersey, Lichtenstein, Norway, Poland and Romania have also become eligible to invest into cryptocurrencies and Crypto Funds, directly with euros.

Building a bridge between crypto and the traditional finance world.

“Ease of entry into the crypto market is one of the most crucial aspects for its mass adoption. At ICONOMI, we are striving to open the euro deposits for as many people as possible.”, explains Miha Vidmar, CTO at ICONOMI.

Citizens of 38 European countries eligible to buy cryptocurrencies with euros

Andorra, Austria, Belgium, Bulgaria, Croatia, Czech Republic, Cyprus, Denmark, Estonia, Finland, France, Germany, Greece, Guernsey, Hungary, Iceland, Ireland, Isle of Man, Italy, Jersey, Latvia, Lichtenstein, Lithuania, Luxembourg, Malta, Monaco, the Netherlands, Norway, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland and the United Kingdom can deposit/withdraw and buy/sell cryptocurrencies and Crypto Funds with euros.

Special note: If you are a citizen of Bulgaria, Croatia, Czech Republic, Denmark, Hungary, Guernsey, Iceland, Isle of Man, Jersey, Lichtenstein, Norway, Poland, Romania, Sweden, Switzerland, and the United Kingdom, please note, that euros need to be transferred to the ICONOMI platform in order to avoid extra fees.
If your country isn’t supported yet, you can deposit/withdraw cryptocurrencies and buy/sell cryptocurrencies and Crypto Funds with bitcoin (BTC) and ether (ETH).

This is interresting pwc report on crypto hedge funds:

Introduction to Crypto Hedge Fund report

Size of the Market and AuM:
• We estimate that there are 150 active crypto hedge funds
collectively managing US$1bn AuM (excluding crypto
index funds and crypto venture capital funds) 1
• Over 60% of these funds have less than US$10m in AuM
with fewer than 10% managing over US$50m
• The average crypto hedge fund AuM as of Q1 2019 is
US$21.9 million
• The median AuM of funds as of Q1 2019 (US$4.3m) is 3X
that of the median AuM at fund launch (US$1.2m -
January 2018), which indicates that funds have been
relatively successful at fundraising despite difficult market
conditions
Fund Strategy and Location:
• 36% of funds surveyed use or can use leverage and 74%
can take short positions
• Of the funds surveyed, 44% pursue discretionary
strategies, 37% quant and 19% fundamental
• Funds tend to be domiciled in the same jurisdictions as
traditional hedge funds, with the top three jurisdictions for
the fund entity being the Cayman Islands (55%), the
United States (17%) and the British Virgin Islands (BVI)
(13%)
• The majority of crypto hedge fund managers tend to be
based in the United States (64%)
Experience and Governance:
• 52% of funds use an independent custodian, yet only 25%
have independent directors on their board
• The average size of fund team is 7-8 people
• Typical crypto fund investment professionals have
between 3-4 years of investment management experience
Performance and Fees:
• The median fund returned -46% in 2018 vs a Bitcoin
benchmark of -72%
• In 2018, the median fundamental fund returned -53%,
discretionary fund -63% and quant fund +8%
• The average fees for crypto hedge funds are 1.72%
management fee and 23.5% performance fee


the facts 

It is funny hah. Can you be a litle more specific please ?

Which are the most represented countries?
The top 10 countries with the biggest number of users are Slovenia 🇸🇮, the Netherlands 🇳🇱, Germany 🇩🇪, UK 🇬🇧, France 🇫🇷, Spain 🇪🇸, Australia 🇦🇺, Italy 🇮🇹, Belgium 🇧🇪, and South Africa 🇿🇦.

Since European users have a slight advantage due to easier EUR deposits, let’s take a look at the returns achieved by the top 5 European countries:

Norway 🇳🇴 (103,7% gain)
Hungary 🇭🇺 (101,7% gain)
UK 🇬🇧 (94,7% gain)
Portugal 🇵🇹 (94,6% gain)
Croatia 🇭🇷 (94,5% gain)

What exatcly are your marketing strategies for other countries (are they the same for all) ?

Forgot to ask what about some other countries in europe ?

The most successful countries in crypto investing at ICONOMI


Oh yes, and the average return of an ICONOMI Japanese user? A mind-blowing 106,8%! For comparison, the average user from the country with the biggest number of users (Slovenia 🇸🇮) achieved a 91,9% return.

Since we’re not that into competitions and podiums, we’ll note the best performing country by continent to spread some more love:

Africa: Nigeria 🇳🇬 (104,3% gain)
Asia: Japan 🇯🇵 (you already know the return)
Europe: Norway 🇳🇴 (103,7% gain)
North America: Mexico 🇲🇽 (93,1% gain)
South America: Brazil 🇧🇷 (102,0% gain)

Congradulations to our scandinavia  Where is our Finland ?

Great feature if you ask me for rebalancing your fund that is a must after a certain period of time.

Rebalancing - adjusting the Crypto Fund structure

Rebalancing is the process of buying or selling assets to maintain an original desired level of asset allocation. For example, you designed your fund to contain 50% Bitcoin and 50% Ether. Let’s say Bitcoins price rises higher than that of Ether. You may end up with Bitcoin comprising 60% of your fund (60% of your fund AUM - Assets under management). Rebalancing simply means selling some Bitcoin and buying some Ether so that their shares in your fund get back to 50% each. But let us do the complex math and trading, your job is finished with a few simple clicks.

Another look at rebalancing is changing the weights of individual assets in your fund (e.g. if you want Bitcoin to represent 30% of your fund instead of 50%), adding new assets to your fund or removing existing assets from your fund structure.
There is also a video about that isn't it.

Great news for all little people

We are happy to announce that as of today, a new Crypto Fund, Mountains and Valleys, has been made public on the ICONOMI Platform. Read the interview with the Experts behind it. Mr. Davide Rivola has been a private crypto investor since 2013, and Mr. Chris Lüscher became a private investor in 2016 – both have 35 years of experience all together in the tech sector.

The cyclical nature of cryptocurrency prices – 600% rises followed by 80% drawdowns  --  When next moon ?

Who is this iconomi team ?
Here you go big 4:
https://www.iconomi.com/about

Meet our Management
With years of experience in the blockchain space and a diverse range of professional backgrounds ranging
from finance to development, our team is driven by the shared goal of making
cryptocurrency accessible to everyone.

Anyone, pleaese? I would like to check it out if that is possbile.

You say that the new Social portfolios are comming with the next wave of updates but I already see some social portfolios.

So the question is: how is that different from the ones already there ?

Hello I am new here. Remembered that Bitcointalk.org is the most and best forum that you can learn about cryptocurrencies projects and blockchain.
I found Iconomi od Twitter and let me see what they are doing. I liked the sound of the project and see that they are running a couple of years now and I am more old school and like things that are not so new and already tested and running. So this Next features you are working on do you have something on GitHub to check it out what are they exactly in code is that a possibility ?