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Original research, analysis and reports across the frontier of cryptoeconomics, blockchain technology, and digital assets.
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Research

January 23, 2020

Update

January 17, 2020

Research

January 8, 2020

Introduction

December 19, 2019

Research

November 26, 2019

Analysis

November 11, 2019

Analysis

November 1, 2019

Analysis

October 21, 2019

Analysis

October 11, 2019

Analysis

October 4, 2019

Analysis

September 26, 2019

Analysis

September 19, 2019

Update

September 12, 2019

Cryptoasset Report

September 5, 2019

Update

August 23, 2019

Report

August 2, 2019

Cryptoasset Report

May 23, 2019

Cryptoasset Report

May 9, 2019

Cryptoasset Report

April 25, 2019

Cryptoasset Report

March 1, 2019

Quarterly Report

February 26, 2019

Cryptoasset Report

December 20, 2018

Cryptoasset Report

December 18, 2018

Quarterly Report

August 20, 2018

Analysis

June 6, 2018

Analysis

April 4, 2018

Token-based fundraising

March 6, 2018

Analysis

March 2, 2018

Token-based fundraising

February 12, 2018

Token-based fundraising

February 4, 2018

Token Sales

December 29, 2017

Introduction

August 2, 2016

Introduction

July 13, 2016

Education

July 4, 2016

Introduction

June 21, 2016

Introduction

June 14, 2016

Introduction

June 7, 2016

Introduction

March 24, 2016

Introduction

March 17, 2016

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Analysis

September 22, 2016

Valuing an ICONOMI Token

Smith and Crown shares some of our internal thinking about the ICONOMI ICO, in a back-of-the-envelop calculation that might pass as a poor man's valuation.

ICONOMI will wrap up its ICO next week on September 29th. At time of writing, they've raised over $5 million across five currencies. Smith+Crown wrote an overview of the ICO in its ICO section. Here we share some of our internal thinking about this ICO, a back-of-the-envelop calculation that might pass as a poor man's valuation.

The ICONOMI token provides its holder with a stream of revenues based off the management fees associated with the funds on the ICONOMI platform. In the short-term, these will be a passive ETF-life fund (INDEX) and an actively managed fund (PERFORMANCE). In the long term, they will launch a marketplace in which anyone can offer financial instruments; a portion of fees associated with those will also go to tokenholders. Finally, if the team hits certain performance targets (beats some baseline), they will earn more fees, a portion of which will go to shareholders. The whitepaper does not publish enough information to do an accurate model, but this gives a sense of how the system works and what value the token might have as a financial investment.

iconomi-value.png

Here is the sheet below with our assumptions.

Have suggestions for the assumption? Let us know: research@smithandcrown.com