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Hi guys
What previous experience does Iconomi management have regarding Fund management and indexing. From linkedin profiles it appears that the management was previously into payment processing systems with no actual track record of fund management. Melon port founder is an ex golman sachs top rated trader and a portfolio manager in the asset management industry. I know that tech backgrounds for blockchain are a key skill.. but from a business operation success it appears that the management lack the skill, track record and connections Melonport management has. Plus it appears that melon port is out there at the moment in terms of promotion while ICN is relatively mute. (Development should be top priority at the moment, but you need promotion for development to bring in cash)
How is ICONOMI management ready to compete with the business backroung of Melonport management?
Interested to hear your thoughts
What previous experience does Iconomi management have regarding Fund management and indexing. From linkedin profiles it appears that the management was previously into payment processing systems with no actual track record of fund management. Melon port founder is an ex golman sachs top rated trader and a portfolio manager in the asset management industry. I know that tech backgrounds for blockchain are a key skill.. but from a business operation success it appears that the management lack the skill, track record and connections Melonport management has. Plus it appears that melon port is out there at the moment in terms of promotion while ICN is relatively mute. (Development should be top priority at the moment, but you need promotion for development to bring in cash)
How is ICONOMI management ready to compete with the business backroung of Melonport management?
Interested to hear your thoughts
Hi there
Having an ex Goldman sucks senior in crypto fin-tech project is a show stopper for me. Crypto is all about replacing the old corrupted financial system, and on-boarding a senior member of that system makes no sense to me. They did enough damage already.
Iconomi - you need to do better due diligence imo. Not sure you fully understand what Iconomi is about. ICNX and ICNP funds are a show case. The real deal is the final version of the platform, where people will be able to create their own funds and/or to invest in other's funds.
As for the team - they have proven record, and there is a dedicated team that does a very thorough due diligence before investing into any ICO. You can read latest articles on the official medium channel
https://medium.com/iconominet
So far ICNX performance is not bad, to say the least, so I am not sure what are your concerns.
About melonport - they have at least 2 years of development down the road. The ICO structure was bad, there will be be inflation in the future, and if they are going to have a working product it will be for ethereum tokens only at the beginning.
The biggest problem I have with melon structure is that the platform will be both centralized and decentralized. Fiat/btc will be kept in a centralized location and the funds will be decentralized (The DAO fiasco, remember?)
There is no way that a traditional investor or fund manager will store funds that way, at least not anytime soon. And the big money is out there, not in crypto (not yet at least)
A good read related to it:
https://medium.com/iconominet/state-of-digital-asset-management-platforms-79477de7575e#.218q0ypak
Finally, a sensible answer,
Thank you ill look into it
