Jon Matonis Joins AICoin ICO Investment Boardbr>
Matonis is known in the cryptocurrency industry as the founding director of the Bitcoin Foundation, the industry’s first non-profit trade organization. He also held senior roles with Sumitomo Bank, VISA International, VeriSign, and Hushmail.
Matonis created the first general price index for bitcoin, the ‘Bitcoin Price Index (BPI),’ and enlisted seven regional chapter offices to the Bitcoin Foundation from countries such as France, Germany, and Bangladesh.
“This investment board position will afford me the opportunity to recommend sensible investments in the sector that truly leverage the properties of global openness and immutability,” said Matonis. “I think this token is perhaps one of the most exciting and innovative launches in the ICO market to date. The idea of generating profits from AI as an engine for other AI and blockchain tech start-ups is both inspired and visionary. I look forward to serving the token holders and the eyes and ears of the marketplace by identifying the richest ideas for further consideration and investment.”
Marcie Terman, COO of First Global Credit, said Matonis has been instrumental as an advisor to First Global Credit and one of the first people to publicly express their excitement over AICoin.
“He (Matonis) is a perfect individual for the investment board,” said Terman. “He brings a significant amount of experience and insight as well an unbridled enthusiasm in identifying opportunities in blockchain and artificial intelligence tech start-ups.”
AICoin is an investment service created by First Global Credit, a blockchain capital market company that has been operating in the market since 2014. Alcoin is a specially developed ethereum-based token designed to benefit company’s backers through a 2-stage investment strategy.
The first stage of the strategy takes 100% of the capital generated from the initial coin offering (ICO) and using the decisions generated by proprietary artificial intelligence trades the top seven cryptocurrency markets, identifying market opportunities and exploiting them on a 24/7 basis.
In the second stage, the profit is invested in consensually selected blockchain and AI startups. Startups revolved around these two technologies will be solicited right after the ICO ending on August 28, 2017.
All potential startup selection will first be reviewed by the ICO investment board, which now includes Jon Matonis. The short list of startups will then be narrowed down to no more than five finalists, and then finally presented to the ICO collective for voting based on the smart contract-backed token. The startup selection process is leveraged upon the experience and knowledge of token holders, considering the wisdom of the crowd process as defined by First Global Credit CEO Gavin Smith.
“Research indicates that better decisions can be achieved by a group of people that bring diverse perspectives, skills, and experience to the decision-making process rather than relying on decisions made by a small and potentially biased group,” said Smith. “So, while the profit potential of our A.I. driven cryptocurrency trading is pretty exciting stuff, we believe the bigger opportunity comes from investment in blockchain and artificial intelligence start-ups; two of the most disruptive and therefore potentially world changing technologies to hit the market since the Internet.”