Pecunio Coreteam (from left to right): Dominik Berger (CMO), Oama Richson (CCO), Christian Thurner (COO), Reinhard Berger (CEO), Michael Neuhofer (CTO); © 2018 Elia Zilberberg

ICONOMI recently hosted an event featuring four of their DAA managers at the Ritz-Carlton in Vienna on February 14, 2018. The event included Reinhard Berger, CEO and CFO of Pecunio, apart from Gregor Zupanc of Solidum Prime, Menno Pietersen of CARUS-AR and Levi Meade of Columbus Capital. The event was hosted by ICONOMI COO, Matej Tomazin.

The “Meet the DAA Managers” event, incidentally, was held on Valentine’s Day and was our own special way of professing our love for the crypto space and its awesome capabilities to change the global markets for good. The event was organized for the benefit of potential investors and supporters of ICONOMI and was an attempt to bring the thoughts and vision of four of its DAA managers on a single platform. The event consisted of keynote talks and interactive panel discussions.

Menno Pietersen (NL), Gregor Zupanc (SLO), Matej Tomazin (SLO), Levi Meade (UK), Reinhard Berger (AUT), Jure Sutar (Moderator); © 2018 Elia Zilberberg

Not surprisingly, all four leaders predicted the rise of Ethereum in 2018 with Bitcoin gradually losing its sheen and its preeminent position as the “wonder child” of the crypto revolution. They attributed this shift in paradigm to the over-fluctuations in the price of Bitcoin as well as the inherent capabilities of Ethereum as the most preferred platform for ICOs and many other factors.

Reinhard Berger, while agreeing to this thought, also presented a compelling case for the rise of asset-backed tokens (ABTs). Mr. Berger defined tokenization as the “process of putting real-world assets onto the blockchain.” This thought resonated with the majority public’s apprehensive perception of cryptocurrencies whose values are not tied with a tangible asset, which makes their mass appeal difficult. Mr. Berger said that only by tying the value of cryptocurrencies to an asset will they become useful for regular transactions and not remain as just an instrument for speculators.

Reinhard Berger, © 2018 Elia Zilberberg

Mr. Berger further said that while there were attempts to create a “stablecoin” using assets like fiat currency and gold, these attempts haven’t become completely successful due to a number of reasons. These were reasons that made the ABT segment comprise of only 1% of the overall crypto market cap. Mr. Berger showed confidence in the utility of ABTs and said that they were the “next big thing” in the new crypto-economy.

Pecunio is in the process of creating its very own stablecoin, an ABT that is called the Pecunio Gold Coin (PCG). Each PCG is equivalent to 1 gram of segregated, unallocated 999.9 fine gold from LBMA-approved refineries.

After the keynote talks, the participants and the audience mingled for a caffeine break as well as one-on-one interactions and networking. Later, a panel discussion was hosted by Matej Tomazin that reiterated the potential dominance of Ethereum over Bitcoin in 2018. Among other things that the panel discussed were the co-existence of centralized and decentralized exchanges, regulations and emerging trading innovations like atomic swaps.

Matej Tomazin thanked all the Managers on behalf of ICONOMI and announced that they will be hosting a similar event in London at the end of March.