On January 4, we added five new digital assets for our DAA managers to choose from: Icon, Kyber Network, Loopring, Quantstamp, and Ripple. We constantly consider feedback from both DAA managers and the community when deciding which digital assets to add to the platform.

On February 12, we released the latest version of the ICONOMI Android app. Now Android users can login/register, check their DAA holdings, and monitor performance on-the-go! Our iOS app is also available from the App Store.

What’s Next?

Rocket.Chat Migration

As announced in our blog post we will start official migration to Rocket.chat on Friday, February 16. We’ve set up the channels so there’s something for everyone. We want our channels to become a place for quality content and information, as well as a place where DAA managers can connect with users.

Progress on the Fiat Ramp-up

One of the main cornerstones of our business, the fiat ramp-up, is being set in place. We predict that it will be operational by the start of Q2 at the latest. However, we envision the fiat ramp-up to be offered first as a service to users who want to deposit large amounts of fiat currencies to our platform. As the process evolves, this threshold will be lowered and offered to more and more of our users.

We would also like to provide some explanation from our side, since the process is moving slower than initially envisioned. There are a number of reasons for this. The fiat ramp-up will be EU-compliant, and full compliance with EU regulations takes time. Internal processes also need to be defined, and banks need to be reassured that our platform is AML and CTF safe and that we have enough checks built into the platform that these risks are kept to a minimum.

Development

Much of our current development activity is happening on the back-end, optimizing our back-office tools to enable more automation. One of our bigger current projects is implementing the automated rebalancing process for DAA managers on the platform. We have also started preparations for the Big Four audit.

New Verification Process

Our support department’s primary task at the moment is ensuring users are able to successfully complete our new Tier 1 verification process. Complete instructions are available in our knowledge base.

Q&A Session

Our next Reddit AMA will be held on Thursday, February 22 at 5pm CET. The thread will be opened for questions at 2pm CET on Tuesday, February 20 and locked at 2pm CET on Wednesday, February 21. Our monthly AMAs give users the chance to get their questions answered directly by the ICONOMI team. Check out a summary of our last AMA: