Topic: [ANN] ICONOMI - Fund Management Platform - page 1006. (Read 1253961 times)
This place is so full of pumpers that it is scary!
ICONOMI hits the major 10,000 BTC milestone, starts seeding the ICONOMI.PERFORMANCE fund
~snip~
~snip~
Very good news that is amazing! I can see ICN going really big in investment before ICO ends
And it is the best project and 20th best already..
It's hard to say how ICN will perform at release......I have no doubt that when the platform is running and everything takes off ICONOMI will be insane but my main concern is that ICN is for the platform not the funds, so I'm not sure how these funds will affect the price of ICN and what the dividend will be like on the performance fund
more in the performance fund, (everything over 10k btc) t0 21k btc is great because with assets already in place there we will be already potentially earning profits without waiting for people to enter the fund itself.Substantial Investments can be executed by the platform algorithm or operator immediately.
just thinking out loud here, but a a trader I can see a weekly pump happening nearing dividend time
They're uncapping the Genie's bottle in about 12 days
It's hard to say how ICN will perform at release......I have no doubt that when the platform is running and everything takes off ICONOMI will be insane but my main concern is that ICN is for the platform not the funds, so I'm not sure how these funds will affect the price of ICN and what the dividend will be like on the performance fund
This could go nuclear
...so many articles are going to be on news-stands like Forbes everyone on wall street drinking coffee or getting a haircut will be reading of Iconomi within a week.
Just gimme the Lambo keys right now... and get it over with already!
... The Winklevoss Twins are waiting for the last minutes to grab the remaining portion to reach 21k btc btw (JK)
...so many articles are going to be on news-stands like Forbes everyone on wall street drinking coffee or getting a haircut will be reading of Iconomi within a week.
Just gimme the Lambo keys right now... and get it over with already!
... The Winklevoss Twins are waiting for the last minutes to grab the remaining portion to reach 21k btc btw (JK)
Hmm I see. Thanks. That explains a lot.
So that means ROI of the platform-owned tokens of the performance.fund will be paid in dividends no matter what ?
Seems like I have a lot of homework to do on ETFs now..
So that means ROI of the platform-owned tokens of the performance.fund will be paid in dividends no matter what ?
Seems like I have a lot of homework to do on ETFs now..
If they use the over 10k BTC seed money to make good ICO picks for iconomi.performance, then ICN token holders would get that money back as dividends after some time
For example, let's say 12000 BTC is raised, then the extra 2000 BTC is used to seed the iconomi.performance fund
Iconomi invests the 2000 BTC into an ICO. The ico goes up 1.5x, so that's a 1000 BTC profit. ~20% would be distributed to ICN token holders = 200 BTC dividends. Leaving 2800 BTC remaining in iconomi.performance fund
Now Iconomi invests the 2800 BTC into an ICO and it goes 1.5x. That's 1400 BTC profit. ~20% of profit distributed to ICN token holders = 280 BTC dividends. Leaving 3920 BTC remaining in fund
Hi Diplo!
OK, I'm confused. ICONOMI has been very successful and has now gone over the 10,000 BTC mark. Does this mean we are all now going to get both ICN and ICNX tokens, with the ICNX tokens being paid for by all donations over 10,000 BTC?
OK, I'm confused. ICONOMI has been very successful and has now gone over the 10,000 BTC mark. Does this mean we are all now going to get both ICN and ICNX tokens, with the ICNX tokens being paid for by all donations over 10,000 BTC?
I don't think so. IMO, we won't get ICNX tokens for investing in the ICO, but ICN tokens will :
The platform itself is investing into its own performance.fund product, which means each ICN will also own a part of the fund on top of a part of the platform, hence making each ICN token worth more.
Of what I have been reading the excess funds will be put into the performance fund.
So for example if they get 12000 BTC the 2000BTC will be running for the performance.index and we get 20% of the ROI in dividends.
Yup. Leads to an interesting question though : who decides what happens to the ROI of this platform-owned ICNX ? Does the ROI turn into dividends or does it have to stay on the fund to sustain growth ?
No way to vote for this AFAIK, whitepapers mentioned the only possible vote by token holders would be for changing the service operator.
There's 2 funds to begin with:
iconomi.index - tracks the ICNX index - takes around a 2% management fee (fee not yet set in stone) - freely tradeable tokens on exchanges
iconomi.performance - invests into new ICOs - takes around a 20% performance fee (fee not yet set in stone) - private fund which does not have tradeable tokens (only a "investment process" and "redemption process") <-------------- This is the fund they said excess BTC is going into
Hmm I see. Thanks. That explains a lot.
So that means ROI of the platform-owned tokens of the performance.fund will be paid in dividends no matter what ?
Seems like I have a lot of homework to do on ETFs now..
Another question : Does this debit a holder's ICN account or their ICNX account?
Nice perk, thanks!
Nice perk, thanks!
I'm also confused on how exactly the debit card works. For example if I make a $1000 swipe, what is happening behind the scenes?
It was mentioned they would just put a sell order on some of your assets for $1000.
Now wht happens if the order isn't fulfilled ?
I'm fairly certain it would be a marketsale, not a stop/limit order
BUT
This is if you have no other assets like fiat or ETH in your account
You could conduct a limit order before you used the card too if liquidity was a concern
Quite an exciting new way to manage assets
Places like Coinbase and Circle will be punching themselves in the face for not thinking of this.
The Bitcoin debit cards currently available don't offer this level of flexibility... not even close.
This is a whole new way to manage assets... a whole new
Hi Diplo!
OK, I'm confused. ICONOMI has been very successful and has now gone over the 10,000 BTC mark. Does this mean we are all now going to get both ICN and ICNX tokens, with the ICNX tokens being paid for by all donations over 10,000 BTC?
OK, I'm confused. ICONOMI has been very successful and has now gone over the 10,000 BTC mark. Does this mean we are all now going to get both ICN and ICNX tokens, with the ICNX tokens being paid for by all donations over 10,000 BTC?
I don't think so. IMO, we won't get ICNX tokens for investing in the ICO, but ICN tokens will :
The platform itself is investing into its own performance.fund product, which means each ICN will also own a part of the fund on top of a part of the platform, hence making each ICN token worth more.
Of what I have been reading the excess funds will be put into the performance fund.
So for example if they get 12000 BTC the 2000BTC will be running for the performance.index and we get 20% of the ROI in dividends.
Yup. Leads to an interesting question though : who decides what happens to the ROI of this platform-owned ICNX ? Does the ROI turn into dividends or does it have to stay on the fund to sustain growth ?
No way to vote for this AFAIK, whitepapers mentioned the only possible vote by token holders would be for changing the service operator.
There's 2 funds to begin with:
iconomi.index - tracks the ICNX index - takes around a 2% management fee (fee not yet set in stone) - freely tradeable tokens on exchanges
iconomi.performance - invests into new ICOs - takes around a 20% performance fee (fee not yet set in stone) - private fund which does not have tradeable tokens (only a "investment process" and "redemption process") <-------------- This is the fund they said excess BTC is going into
Hmm I see. Thanks. That explains a lot.
So that means ROI of the platform-owned tokens of the performance.fund will be paid in dividends no matter what ?
Seems like I have a lot of homework to do on ETFs now..
Another question : Does this debit a holder's ICN account or their ICNX account?
Nice perk, thanks!
Nice perk, thanks!
I'm also confused on how exactly the debit card works. For example if I make a $1000 swipe, what is happening behind the scenes?
It was mentioned they would just put a sell order on some of your assets for $1000.
Now wht happens if the order isn't fulfilled ?
"We will cover all the costs of the VISA debit card (including issuing, shipping and membership costs) for the first year - it’s yours completely free!"
What are membership costs after the first year?
What are membership costs after the first year?
On the same level as any other VISA issued debit card. We will communicate details once we are closer to issuing the cards...
-Jaka Mele, ICONOMI
Who is 'We' ?
Iconomi ? The platform ? The service operator ? Cashila ?
Does anybody know what level is that ?
Serious question, mine costs me literally 0 EUR.
Seems like your butthurt
Seems like his.
He has a point, though. Considering that dividends will be opex free as long as there is remaining ICO money for Cashila to operate the platform, using ICO money to provide perks to some investors is a direct expenditure on everyone's dividends. If any.
...sounds more like he may not be qualified for the card, and a bit of jealousy showing.
Most likely the Visa Tx's are a Cashila function, and therefore the funds may come from Cashila as an investment on their part.
Completely agreed. But I gotta admit I'm a bit jealous too. Would have loved to brag with that black card.
... I think others will get it by just paying a small shipping fee or something was mentioned...
I'm not sure whether to frame it or actually carry it in my wallet to show off hehe
Will I use it? Hmmm...
I think I'm more likely to continue compounding earnings for awhile before I would.
(after testing it ofc)
Hi Diplo!
OK, I'm confused. ICONOMI has been very successful and has now gone over the 10,000 BTC mark. Does this mean we are all now going to get both ICN and ICNX tokens, with the ICNX tokens being paid for by all donations over 10,000 BTC?
OK, I'm confused. ICONOMI has been very successful and has now gone over the 10,000 BTC mark. Does this mean we are all now going to get both ICN and ICNX tokens, with the ICNX tokens being paid for by all donations over 10,000 BTC?
I don't think so. IMO, we won't get ICNX tokens for investing in the ICO, but ICN tokens will :
The platform itself is investing into its own performance.fund product, which means each ICN will also own a part of the fund on top of a part of the platform, hence making each ICN token worth more.
Of what I have been reading the excess funds will be put into the performance fund.
So for example if they get 12000 BTC the 2000BTC will be running for the performance.index and we get 20% of the ROI in dividends.
Yup. Leads to an interesting question though : who decides what happens to the ROI of this platform-owned ICNX ? Does the ROI turn into dividends or does it have to stay on the fund to sustain growth ?
No way to vote for this AFAIK, whitepapers mentioned the only possible vote by token holders would be for changing the service operator.
iconomi.index - tracks the ICNX index - takes around a 2% management fee (fee not yet set in stone) - freely tradeable tokens on exchanges
iconomi.performance - invests into new ICOs - takes around a 20% performance fee (fee not yet set in stone) - private fund which does not have tradeable tokens (only a "investment process" and "redemption process") <-------------- This is the fund they said excess BTC is going into
Another question : Does this debit a holder's ICN account or their ICNX account?
Nice perk, thanks!
Nice perk, thanks!
I'm also confused on how exactly the debit card works. For example if I make a $200 swipe, what is happening behind the scenes? I read these four related quotes from iconomi team, but I'm still confused on where the $200 is pulled from, and how that negative $200 is reflected in my crypto holdings
It will be a debit card backed by assets on ICONOMI. If you will have investment in ICONOMI.index fund and you will swipe your card, then we'll sell your stake in the fund for as much as you swiped with the card. There will also be iOS and Android app with which you will be able to manage your card, spending and funds.
As an example: let's say you own certain amount of ICONOMI.index fund and you wanna book your flight ticket. You simple pay with ICONOMI card and for the amount requested we'll sell proportionate amount of your invested fund. Simple, straightforward, real time and available 24/7. Additionally there will be iPhone/Android app in which you will be able to monitor your spendings, set your limits etc. Kind of like Number26 if you know them.
Payment gateways? In that case, all VISA POS and VISA supported ATMs.
Payment gateways? In that case, all VISA POS and VISA supported ATMs.
"We will cover all the costs of the VISA debit card (including issuing, shipping and membership costs) for the first year - it’s yours completely free!"
What are membership costs after the first year?
What are membership costs after the first year?
On the same level as any other VISA issued debit card. We will communicate details once we are closer to issuing the cards...
-Jaka Mele, ICONOMI
Who is 'We' ?
Iconomi ? The platform ? The service operator ? Cashila ?
Does anybody know what level is that ?
Serious question, mine costs me literally 0 EUR.
Seems like your butthurt
Seems like his.
He has a point, though. Considering that dividends will be opex free as long as there is remaining ICO money for Cashila to operate the platform, using ICO money to provide perks to some investors is a direct expenditure on everyone's dividends. If any.
....
Yup. Leads to an interesting question though : who decides what happens to the ROI of this platform-owned ICNX ? Does the ROI turn into dividends or does it have to stay on the fund to sustain growth ?
No way to vote for this AFAIK, whitepapers mentioned the only possible vote by token holders would be for changing the service operator.
Yup. Leads to an interesting question though : who decides what happens to the ROI of this platform-owned ICNX ? Does the ROI turn into dividends or does it have to stay on the fund to sustain growth ?
No way to vote for this AFAIK, whitepapers mentioned the only possible vote by token holders would be for changing the service operator.
I want self pumping circle
... 50% dividends 50% say in fund at some point asset in fund will go over ICONOMI net worth if cryptocurrency will keep rising in long run
"We will cover all the costs of the VISA debit card (including issuing, shipping and membership costs) for the first year - it’s yours completely free!"
What are membership costs after the first year?
What are membership costs after the first year?
On the same level as any other VISA issued debit card. We will communicate details once we are closer to issuing the cards...
-Jaka Mele, ICONOMI
Who is 'We' ?
Iconomi ? The platform ? The service operator ? Cashila ?
Does anybody know what level is that ?
Serious question, mine costs me literally 0 EUR.
Seems like your butthurt
Seems like his.
He has a point, though. Considering that dividends will be opex free as long as there is remaining ICO money for Cashila to operate the platform, using ICO money to provide perks to some investors is a direct expenditure on everyone's dividends. If any.
...sounds more like he may not be qualified for the card, and a bit of jealousy showing.
Most likely the Visa Tx's are a Cashila function, and therefore the funds may come from Cashila as an investment on their part.
Completely agreed. But I gotta admit I'm a bit jealous too. Would have loved to brag with that black card.
Hi Diplo!
OK, I'm confused. ICONOMI has been very successful and has now gone over the 10,000 BTC mark. Does this mean we are all now going to get both ICN and ICNX tokens, with the ICNX tokens being paid for by all donations over 10,000 BTC?
OK, I'm confused. ICONOMI has been very successful and has now gone over the 10,000 BTC mark. Does this mean we are all now going to get both ICN and ICNX tokens, with the ICNX tokens being paid for by all donations over 10,000 BTC?
I don't think so. IMO, we won't get ICNX tokens for investing in the ICO, but ICN tokens will :
The platform itself is investing into its own performance.fund product, which means each ICN will also own a part of the fund on top of a part of the platform, hence making each ICN token worth more.
Of what I have been reading the excess funds will be put into the performance fund.
So for example if they get 12000 BTC the 2000BTC will be running for the performance.index and we get 20% of the ROI in dividends.
Yup. Leads to an interesting question though : who decides what happens to the ROI of this platform-owned ICNX ? Does the ROI turn into dividends or does it have to stay on the fund to sustain growth ?
No way to vote for this AFAIK, whitepapers mentioned the only possible vote by token holders would be for changing the service operator.
"We will cover all the costs of the VISA debit card (including issuing, shipping and membership costs) for the first year - it’s yours completely free!"
What are membership costs after the first year?
What are membership costs after the first year?
On the same level as any other VISA issued debit card. We will communicate details once we are closer to issuing the cards...
-Jaka Mele, ICONOMI
Who is 'We' ?
Iconomi ? The platform ? The service operator ? Cashila ?
Does anybody know what level is that ?
Serious question, mine costs me literally 0 EUR.
Seems like your butthurt
Seems like his.
He has a point, though. Considering that dividends will be opex free as long as there is remaining ICO money for Cashila to operate the platform, using ICO money to provide perks to some investors is a direct expenditure on everyone's dividends. If any.
...sounds more like he may not be qualified for the card, and a bit of jealousy showing.
Most likely the Visa Tx's are a Cashila function, and therefore the funds may come from Cashila as an investment on their part.
"We will cover all the costs of the VISA debit card (including issuing, shipping and membership costs) for the first year - it’s yours completely free!"
What are membership costs after the first year?
What are membership costs after the first year?
On the same level as any other VISA issued debit card. We will communicate details once we are closer to issuing the cards...
-Jaka Mele, ICONOMI
Who is 'We' ?
Iconomi ? The platform ? The service operator ? Cashila ?
Does anybody know what level is that ?
Serious question, mine costs me literally 0 EUR.
Seems like your butthurt
Seems like his.
He has a point, though. Considering that dividends will be opex free as long as there is remaining ICO money for Cashila to operate the platform, using ICO money to provide perks to some investors is a direct expenditure on everyone's dividends. If any.
Hi Diplo!
OK, I'm confused. ICONOMI has been very successful and has now gone over the 10,000 BTC mark. Does this mean we are all now going to get both ICN and ICNX tokens, with the ICNX tokens being paid for by all donations over 10,000 BTC?
OK, I'm confused. ICONOMI has been very successful and has now gone over the 10,000 BTC mark. Does this mean we are all now going to get both ICN and ICNX tokens, with the ICNX tokens being paid for by all donations over 10,000 BTC?
I don't think so. IMO, we won't get ICNX tokens for investing in the ICO, but ICN tokens will :
The platform itself is investing into its own performance.fund product, which means each ICN will also own a part of the fund on top of a part of the platform, hence making each ICN token worth more.
Of what I have been reading the excess funds will be put into the performance fund.
So for example if they get 12000 BTC the 2000BTC will be running for the performance.index and we get 20% of the ROI in dividends.
Hi Diplo!
OK, I'm confused. ICONOMI has been very successful and has now gone over the 10,000 BTC mark. Does this mean we are all now going to get both ICN and ICNX tokens, with the ICNX tokens being paid for by all donations over 10,000 BTC?
OK, I'm confused. ICONOMI has been very successful and has now gone over the 10,000 BTC mark. Does this mean we are all now going to get both ICN and ICNX tokens, with the ICNX tokens being paid for by all donations over 10,000 BTC?
I don't think so. IMO, we won't get ICNX tokens for investing in the ICO, but ICN tokens will :
The platform itself is investing into its own performance.fund product, which means each ICN will also own a part of the fund on top of a part of the platform, thus making each ICN token worth more.
"We will cover all the costs of the VISA debit card (including issuing, shipping and membership costs) for the first year - it’s yours completely free!"
What are membership costs after the first year?
What are membership costs after the first year?
On the same level as any other VISA issued debit card. We will communicate details once we are closer to issuing the cards...
-Jaka Mele, ICONOMI
Who is 'We' ?
Iconomi ? The platform ? The service operator ? Cashila ?
Does anybody know what level is that ?
Serious question, mine costs me literally 0 EUR.
Seems like you're butthurt
"We will cover all the costs of the VISA debit card (including issuing, shipping and membership costs) for the first year - it’s yours completely free!"
What are membership costs after the first year?
What are membership costs after the first year?
On the same level as any other VISA issued debit card. We will communicate details once we are closer to issuing the cards...
-Jaka Mele, ICONOMI
Who is 'We' ?
Iconomi ? The platform ? The service operator ? Cashila ?
Does anybody know what level is that ?
Serious question, mine costs me literally 0 EUR.
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