Without spending much time on ICONOMI or the founding team, my high-level take is that their approach to launching an ICO is concerning.
There are two major red flags for the project:
1.) They released a white paper that's very heavy on marketing lingo and very light on technical execution
2.) They raised funding without any semblance of a product or customers
Despite my belief that this is a bad approach, they've been able to raise $6.5M in funding in 3 weeks. Firstblood.io was able to raise $5M with the same approach earlier this week.
