ICONOMI, an Ethereum-based fund management platform, announced that it has distributed its ICN apptokens among investors after successful ICO. ICONOMI issued 100 million ERC20 compliant apptokens, representing 100% ownership of the platform, through the deployment of a smart contract to ICO participants.

Through ICO, the company raised over $10.5 million invested from more than 3000 investors across the world. The ICO accepted digital currencies including bitcoin, Ethereum, and lisk, along with US dollars and euros in fiat. Following the token distribution, ICONOMI team is focusing its attention on the ICONOMI.index (ICNX) that consists of 14 major cryptocurrencies. The team is also completing the development of ICONOMI.performance fund that is actively managed by trading professionals.

“With the development in full swing, we are looking forward to the launch of our two investments funds in Q4 of this year: ICONOMI.INDEX, an index investment fund comprised of a basket of popular cryptocurrencies that minimizes volatility, and ICONOMI.PERFORMANCE, an actively managed fund targeting higher yields and run by credentialed, expert traders,” Tim Mitja Zagar, co-founder of ICONOMI said in a release.

Zagar also added that ICONOMI will enable custom funds to be created by prominent traders through its Open Fund Management platform, which will be launching in 2017. This platform will provide simple management tool, enabling experienced traders to create their own investments funds.

“Upon the launch of the ICONOMI funds, ICONOMI token owners will earn weekly profit dividends from the trading fees of investment funds under the management of ICONOMI. Dividends will come from the trading fees of investment funds under the management of ICONOMI and from the fees of investment funds of independent traders, listed on the ICONOMI fund management platform and in accordance with the fee split schedule,” Jani Valjavec, co-founder of ICONOMI, said.