ICONOMI is heading for a $1bn company valuation and preparing for 150 employees in 2018, that’s 30 short of Coinbase
By: Owen O'Neill
Tags: Iconomi, Bitcoin, Ethereum, Cryptocurrency, Blockchain

In the not-so-distant future, commercial smart money will be joining the Blockchain revolution and will be investing billions, possibly trillions over the next three years.

Smart money wants to catch the next coin that’s going to offer that outstanding 1000%+ return, and more importantly, they will need an alternative platform to Coinbase due to their limited array of options, enter; ICONOMI.

ICONOMI (the ERC-20 token; ICN) launched its ICO in September 2016, and since then they have created a working platform that allows any user to purchase a Digital Asset Array (DAA), which is; a mutual fund made up of cryptocurrencies, an instant diverse portfolio from the click of one button.

Coinbase has made cryptocurrency easily accessible to those less technically savvy, and I know that if I could have invested in Coinbase during its earlier stages, I would undoubtedly invest in them over ANY cryptocurrency. Always remember, a single cryptocurrency can fail, but the entire Blockchain industry, no-way, right?

Investing in something like Coinbase gives you the ability to make money on every buy thanks to an entry and exit fee, regardless of a win or lose price scenario for the end user, generating a consistent profit is a clear no matter what is a no-brainer for me. That’s where ICONOMI and the ICN token offers something that other platforms do not – ICN Token holders profit from the users that are buying on the ICONOMI platform.

The ERC-20 Token, ICN benefits from something called buybacks that are in relation to ICONOMI’s AUM, (Assets Under Management). It’s the true incentive for holding ICN.

ICN creates value using a traditional well-known buyback method (also known as a repurchase). It is the purchase by a company of its outstanding shares that reduces the number of its shares on the open market. This creates upward buying pressure and increases the value of your shares that are held by you. In this case instead of a share, it’s an ERC-20 token. I see holding ICN tokens as a similar opportunity to being a part of Coinbase while it was in it’s infancy.

If you believe that the Blockchain industry is around to stay then I’d recommended digging a little deeper into ICONOMI.

So how does ICONOMI’s company valuation compare to Coinbase?

Let’s look at company assets and plans to assess where we can establish a fair value for comparing the two.

The first thing to point out is that ICONOMI currently owns an est. $230m in assets, and if the growth of this sector continues, this will push closer towards a book value of $1bn within the next 18 months.

That’s right, ICONOMI and could have a net worth of $1bn, to put that into perspective that’s the same market cap of; Augur, Golem, Factom, Siacoin and Civic combined*, or something that we all may understand, Coinbase’s latest $1.6bn valuation.

Coinbase’s most recent capital raise valued their business at $1.6bn, and they’re currently housing 180 employees*. This is where ICONOMI is heading.

A senior member of the team expressed how they’re making room for 150 employees, indicating that they’re scaling up progressively and securely. He also talks about their hot and cold storage scenario that offers a secure and unique way to ensure all consumer funds are safe.

It’s only a matter of time until the ICN Token’s market cap reflects it’s accurate billion-dollar+ valuation. ICONOMI is more than just a platform, they alos plan on listing the very first cryptocurrency index fund on the Irish Stock exchange — adding more financial aid to the buybacks mentioned above.

ICONOMI (ICN) and it’s team have always delivered and I very much look forward to what’s come over the next 6–12 months.

Once (or twice) again — Thanks for listening to my meandering thoughts.

*At the time of writing this; November 29th 2017.