Author

Topic: [ANN] ICONOMI - Fund Management Platform - page 1024. (Read 1253963 times)

full member
Activity: 154
Merit: 100
September 24, 2016, 06:48:26 AM
5 days remaining and dev should close new registration for the signature campaign as well as social bounty. and must mention a deadline for bounty hunters,or people will join and start spamming to qualify for a stake.
hero member
Activity: 3108
Merit: 537
Leading Crypto Sports Betting & Casino Platform
September 24, 2016, 06:42:47 AM
Maybe because of this but I saw many users in a row so that made me think that something was not going well.

Anyone can suggest me what is the best practice to do with the Iconomi after we receive them?

Collect them, cherish them, hodl them close to your heart. Collect the weekly dividends and buy more ICN. Or, when you go to lunch you can impress your friends using your Iconomi Debit card.  Wink

I will collect them for sure and I'm thinking to hold them for a long time and not sell them on the first chance.

But this Iconomi debit card? I haven't heard before, when will it be launched?
someone just mentioned it before,and also mentioned in iconomi's faq if i'm not mistaken
Quote
Can you expand on the ICONOMI debit card?

The ICONOMI debit card will be a Visa debit card, linked to your share of the ICONOMI investment funds. You will be able to use it on all Visa supported POS terminals and ATMs, enabling you to instantly reduce your share of ownership of the ICONOMI funds, 24/7. When a deduction is made with your ICONOMI debit card, a corresponding amount of your share of the ICONOMI fund(s) will be sold.

As a gesture of appreciation, all ICO participants will have the option to receive an exclusive “ICONOMI Founders’ Club” debit card. The card will be a debit Visa card with an unique design, available free of charge to investors who invested above a certain threshold and with a small fee to cover the shipping costs to all other ICO participants.
legendary
Activity: 1137
Merit: 1000
September 24, 2016, 06:37:59 AM
Maybe because of this but I saw many users in a row so that made me think that something was not going well.

Anyone can suggest me what is the best practice to do with the Iconomi after we receive them?

Collect them, cherish them, hodl them close to your heart. Collect the weekly dividends and buy more ICN. Or, when you go to lunch you can impress your friends using your Iconomi Debit card.  Wink

I will collect them for sure and I'm thinking to hold them for a long time and not sell them on the first chance.

But this Iconomi debit card? I haven't heard before, when will it be launched?
hero member
Activity: 1624
Merit: 500
September 24, 2016, 06:18:04 AM
I read the whitepaper. I'm reasonably familiar with investment funds and investing, but I don't see how this works.

Maybe someone who does understand it could give an example of how it would work in real life?

When you invest in the ICONOMI ICO you receive a corresponding amount of tokens for your investment. ICONOMI will then launch future ICO's and use the ICO funds from ICONOMI to invest into their new ICO and so on.

simple explanation : If you are investor you will get shares in the form of tokens called ICN
while  iconomi will open trade market that allows people to sell and buy Ethereum certainly in this transaction ICONOMI will get  fee
then fee will be distributed to  investor (ICN holder ) then the profits will be distributed to investors and iconomi management every week.
Do not forget your ICN  also have a value / price you can sell it at any time in the exchanger, so far that's all I know
let me know if this explanation is incorrect

I didn't full get that part , mind explaining ? does it mean that (If I don't sell my ICNs) , I will be getting more and more weekly without doing anything (when other people trade their ICNs in exchanges) ?

Weekly ICN dividends from profits are paid in ETH

ICN is a long term token, hold them tightly and wait for the moon. If we store ICN on exchanges, we won't get paid right?

I think so or exchanges that will get the dividend? because basically all CN is located in the exchanger
The same concept with Ambercoin holder receives dividends at a specified time
sr. member
Activity: 364
Merit: 250
move that crypto
September 24, 2016, 05:44:39 AM
I heard some people saying that to get the visa card ICONOMI is giving , I should invest a certain amount of money ? how much is it ? and the VISA is a Bitcoin debit card like E-coin.io and others ? could someone give us enough information's about their card and when It's supposed to be released please

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.

Will a fund manager choose which crypto's to sell on a weekly or monthly basis in order to refill the account which holds all the cardholder fiat?

I don't know how these crypto cards work, but I'm picturing hundreds of cardholders whose cards are all attached to 1 iconomi bank account?
member
Activity: 99
Merit: 10
September 24, 2016, 04:29:17 AM
I read the whitepaper. I'm reasonably familiar with investment funds and investing, but I don't see how this works.

Maybe someone who does understand it could give an example of how it would work in real life?

When you invest in the ICONOMI ICO you receive a corresponding amount of tokens for your investment. ICONOMI will then launch future ICO's and use the ICO funds from ICONOMI to invest into their new ICO and so on.

simple explanation : If you are investor you will get shares in the form of tokens called ICN
while  iconomi will open trade market that allows people to sell and buy Ethereum certainly in this transaction ICONOMI will get  fee
then fee will be distributed to  investor (ICN holder ) then the profits will be distributed to investors and iconomi management every week.
Do not forget your ICN  also have a value / price you can sell it at any time in the exchanger, so far that's all I know
let me know if this explanation is incorrect

I didn't full get that part , mind explaining ? does it mean that (If I don't sell my ICNs) , I will be getting more and more weekly without doing anything (when other people trade their ICNs in exchanges) ?

Weekly ICN dividends from profits are paid in ETH

ICN is a long term token, hold them tightly and wait for the moon. If we store ICN on exchanges, we won't get paid right?
sr. member
Activity: 257
Merit: 250
September 24, 2016, 03:37:52 AM
I read the whitepaper. I'm reasonably familiar with investment funds and investing, but I don't see how this works.

Maybe someone who does understand it could give an example of how it would work in real life?

When you invest in the ICONOMI ICO you receive a corresponding amount of tokens for your investment. ICONOMI will then launch future ICO's and use the ICO funds from ICONOMI to invest into their new ICO and so on.

simple explanation : If you are investor you will get shares in the form of tokens called ICN
while  iconomi will open trade market that allows people to sell and buy Ethereum certainly in this transaction ICONOMI will get  fee
then fee will be distributed to  investor (ICN holder ) then the profits will be distributed to investors and iconomi management every week.
Do not forget your ICN  also have a value / price you can sell it at any time in the exchanger, so far that's all I know
let me know if this explanation is incorrect

I didn't full get that part , mind explaining ? does it mean that (If I don't sell my ICNs) , I will be getting more and more weekly without doing anything (when other people trade their ICNs in exchanges) ?

Weekly ICN dividends from profits are paid in ETH
staff
Activity: 3500
Merit: 6152
September 24, 2016, 03:29:19 AM
I read the whitepaper. I'm reasonably familiar with investment funds and investing, but I don't see how this works.

Maybe someone who does understand it could give an example of how it would work in real life?

When you invest in the ICONOMI ICO you receive a corresponding amount of tokens for your investment. ICONOMI will then launch future ICO's and use the ICO funds from ICONOMI to invest into their new ICO and so on.

simple explanation : If you are investor you will get shares in the form of tokens called ICN
while  iconomi will open trade market that allows people to sell and buy Ethereum certainly in this transaction ICONOMI will get  fee
then fee will be distributed to  investor (ICN holder ) then the profits will be distributed to investors and iconomi management every week.
Do not forget your ICN  also have a value / price you can sell it at any time in the exchanger, so far that's all I know
let me know if this explanation is incorrect

I didn't full get that part , mind explaining ? does it mean that (If I don't sell my ICNs) , I will be getting more and more weekly without doing anything (when other people trade their ICNs in exchanges) ?
hero member
Activity: 644
Merit: 500
Think or swim.
September 24, 2016, 03:26:43 AM
legendary
Activity: 1638
Merit: 1033
September 24, 2016, 02:40:44 AM
I read the whitepaper. I'm reasonably familiar with investment funds and investing, but I don't see how this works.

Maybe someone who does understand it could give an example of how it would work in real life?

When you invest in the ICONOMI ICO you receive a corresponding amount of tokens for your investment. ICONOMI will then launch future ICO's and use the ICO funds from ICONOMI to invest into their new ICO and so on.

simple explanation : If you are investor you will get shares in the form of tokens called ICN
while  iconomi will open trade market that allows people to sell and buy Ethereum certainly in this transaction ICONOMI will get  fee
then fee will be distributed to  investor (ICN holder ) then the profits will be distributed to investors and iconomi management every week.
Do not forget your ICN  also have a value / price you can sell it at any time in the exchanger, so far that's all I know
let me know if this explanation is incorrect
hero member
Activity: 644
Merit: 500
Think or swim.
September 24, 2016, 02:38:31 AM
I read the whitepaper. I'm reasonably familiar with investment funds and investing, but I don't see how this works.

Maybe someone who does understand it could give an example of how it would work in real life?

Okay been waiting for this question to come out and would certainly want to know how it works in real life as well.  an explanation would really be a good help here. It does sound good as they've already gathered a lot of BTC to start the project so please let us understand.

will the team distribute two coins?

Here's the basics:
1. You buy ICN Tokens and/or invest into the performance.fund.
2. ICN invests into cryptocurrency opportunities with iconomi.index and ico's with performance.fund.
3. You collect the fees receive a share of the profit from both funds with every ICN token held.

As ICN holder do we need to participate on investing and finding opportunities and send  iconomi.index and performance.funds inside the platform to earn?

I do hope to see thier platform developed quicker unlike those projects int he past that take years.

No, each fund will have an investment director, but you can vote for who manages the fund (after the first 24 months)

Rest assured, nobody will be voting in Merryl Lynch.  Grin
member
Activity: 91
Merit: 10
September 24, 2016, 02:34:30 AM
Quote from: Pap0u
...what about charge disputes with the card?

As it was already mentioned, it will be a VISA DEBIT card. Debit cards are almost impossible to chargeback...

Valid point, debit card is not credit card, debit card can't chargeback, but credit card can chargeback.
But debit cards can be credited. They might not call it 'chargeback', but the function does exist. When you cash-out on Circle.com, the funds are credited/sent to the debit cards associated bank account.
You guys... The point I was making is that cryptocurrencies cannot be charged back, regardless of what Visa's policy is.

Right, if crypto coins can be charged back, there was not dao hack happened. Moerover, bitfinex hacker was not willing to spend time on hacking, if bitcoin can be charged back. Chargeback is a centralized feature, but crypto worships DEcentralized.
legendary
Activity: 3248
Merit: 1055
September 24, 2016, 02:33:09 AM
I read the whitepaper. I'm reasonably familiar with investment funds and investing, but I don't see how this works.

Maybe someone who does understand it could give an example of how it would work in real life?

Okay been waiting for this question to come out and would certainly want to know how it works in real life as well.  an explanation would really be a good help here. It does sound good as they've already gathered a lot of BTC to start the project so please let us understand.

will the team distribute two coins?

Here's the basics:
1. You buy ICN Tokens and/or invest into the performance.fund.
2. ICN invests into cryptocurrency opportunities with iconomi.index and ico's with performance.fund.
3. You collect the fees receive a share of the profit from both funds with every ICN token held.

As ICN holder do we need to participate on investing and finding opportunities and send  iconomi.index and performance.funds inside the platform to earn?

I do hope to see thier platform developed quicker unlike those projects int he past that take years.
hero member
Activity: 644
Merit: 500
Think or swim.
September 24, 2016, 02:23:23 AM
Quote from: Pap0u
...what about charge disputes with the card?

As it was already mentioned, it will be a VISA DEBIT card. Debit cards are almost impossible to chargeback...

Valid point, debit card is not credit card, debit card can't chargeback, but credit card can chargeback.
But debit cards can be credited. They might not call it 'chargeback', but the function does exist. When you cash-out on Circle.com, the funds are credited/sent to the debit cards associated bank account.
You guys... The point I was making is that cryptocurrencies cannot be charged back, regardless of what Visa's policy is.
hero member
Activity: 644
Merit: 500
Think or swim.
September 24, 2016, 02:22:03 AM
I read the whitepaper. I'm reasonably familiar with investment funds and investing, but I don't see how this works.

Maybe someone who does understand it could give an example of how it would work in real life?

Okay been waiting for this question to come out and would certainly want to know how it works in real life as well.  an explanation would really be a good help here. It does sound good as they've already gathered a lot of BTC to start the project so please let us understand.

will the team distribute two coins?

Here's the basics:
1. You buy ICN Tokens and/or invest into the performance.fund.
2. ICN invests into cryptocurrency opportunities with iconomi.index and ico's with performance.fund.
3. You collect the fees receive a share of the profit from both funds with every ICN token held.
legendary
Activity: 1554
Merit: 1000
September 24, 2016, 02:20:25 AM
Quote from: Pap0u
...what about charge disputes with the card?

As it was already mentioned, it will be a VISA DEBIT card. Debit cards are almost impossible to chargeback...

Valid point, debit card is not credit card, debit card can't chargeback, but credit card can chargeback.
But debit cards can be credited. They might not call it 'chargeback', but the function does exist. When you cash-out on Circle.com, the funds are credited/sent to the debit cards associated bank account.
legendary
Activity: 3248
Merit: 1055
September 24, 2016, 02:14:46 AM
I read the whitepaper. I'm reasonably familiar with investment funds and investing, but I don't see how this works.

Maybe someone who does understand it could give an example of how it would work in real life?

Okay been waiting for this question to come out and would certainly want to know how it works in real life as well.  an explanation would really be a good help here. It does sound good as they've already gathered a lot of BTC to start the project so please let us understand.

will the team distribute two coins?
full member
Activity: 221
Merit: 100
September 24, 2016, 02:12:45 AM
Quote from: Pap0u
...what about charge disputes with the card?

As it was already mentioned, it will be a VISA DEBIT card. Debit cards are almost impossible to chargeback...

Valid point, debit card is not credit card, debit card can't chargeback, but credit card can chargeback.
member
Activity: 60
Merit: 10
September 24, 2016, 02:11:01 AM
I read the whitepaper. I'm reasonably familiar with investment funds and investing, but I don't see how this works.

Maybe someone who does understand it could give an example of how it would work in real life?

When you invest in the ICONOMI ICO you receive a corresponding amount of tokens for your investment. ICONOMI will then launch future ICO's and use the ICO funds from ICONOMI to invest into their new ICO and so on.
full member
Activity: 221
Merit: 100
September 24, 2016, 02:08:48 AM
I just checked the spreadsheet and found that some members have red color on their rank may I know what does it mean!!
In what spreadsheet do you mean and what will be with these members who have red color on their rank. Please explain.

This is the spreadsheet that I'm talking about https://docs.google.com/spreadsheets/d/10tRJSuPZ_mak2-mt_5bwtmIXuH4waCVWAmz3zO83cFg/edit

Scroll down until the end and you will see that some members have red colors on their rank so I'm curios to know what does it mean.
Spammers obviously, they will get denied payment.
I am helping Iconomi to detect all cheaters and spammers that are around.
Also the bountie dsitribution will probably get some rules too.

I detect a trend with these accounts in red, some are just making 10 to 11 posts per week and maybe they are posting all the ten posts in a day

Post only 10-11 posts can't prove they are spammers. The real proofs are their posts, they are off-topic spammers, or they post with useless posts.

One example, https://bitcointalksearch.org/user/ayoung-878651   what does this guy contribite to iconomi? Just shit posting and spamming on sportsbook promotion threads...
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