Topic: [ANN] ICONOMI - Fund Management Platform - page 1033. (Read 1253965 times)

Can't get accurate figure right, now, but estimated figure is 9k-11k sat. Should wait for final calculation based on total fund raised.

what price of the coin at the moment?

Hi Iconomi team wanted to let you know that I didn't receive my full payment from BTC campaign.
If you could complete my  other $6 bucks payment as I ranked up in 14/09 from "member" to "full member" and campaign ended today which is 21/09.
I'd appreciate it.

https://docs.google.com/spreadsheets/d/15No-eZVodUA-W0XhqkAf7VpLR1DxsvK1ub42A1L-IH4/edit?usp=sharing

You can check there in sheet 05 to see.

I'm surprised with millions of dollars already invested in ICO yet you guys refusing to pay  my $6 or 0.01BTC and totally ignoring the fact.

If it was me and with so much at stake I wouldn't hesitate to pay me.


I became a full member in 14/09 and the signature campaign ended in 21/09. so one full week being a full member I should receive 0.02BTC as promised but not only that , campaign manager using inappropriate language in private message and in the SC thread as well.

This kind of behavior like dropping not even  $6 bucks reminds me of some recent hit and run services where they stopped leaking money sort of and started to pack as huge as possible.

Great tool.But i dont think it gives correct estimations.When I entered 0.1 btc investment amount i get "Your estimated coins to receive as of now is 990.206815127". I have invested less than that but have 1000 ICN

I agree with many things but...

I see one problem in ICONOMI that is a human factor, many things depends on human factor in ICONOMI.
Trading = profits depends on human factor
management of ICONOMI = bad decision and company can easily default
dividends are depended on cash flow if all crypto is rising ICONOMI is rising if crypto will fall ICONOMI  funds probably will fall too
ICONOMI platform can be hacked like any exchange all security is in one place
this is centralized system and can be shut down

I don't like to overhype something, ofc ICONOMI has great perspective central banks are printing like creazy it will pop up crypto and gold.
Crypto is even more useful u can send 1ton of gold value by an ocean in 60min with BTC gold is harder you need ship and BIG guard.
I see potential in ICONOMI if they monopolize market like Microsoft or google did you can expect 100x rise,
but there are chalanges

PS: If they provide big dividends you have a chance on the pump of your life when hedge funds,stock investors will buy it shares ...
they can drop on it 100$m...

...

Dividends are paid out directly to token holders in ETH, every token is a share in ownership of ICONOMI, you will have a debit card and 24/7 access to your funds, transparency, liquidity without an exchange, hardware and paper wallets, it's own trading platform, payment gateways already in place, network chain well known, and a variety of managed funds to choose from.[/size]
Nobody else has the potential to disrupt legacy systems that I see here. Nobody

...

Good questions.

Addressed here. I would like to see more discussion to address them with additional expectations where needed in a blog post.



1. How much have you invested in ICONOMI before the ICO launch date? I.e. how much will be taken from the ICO funds to cover your past operational costs?

We invested all the knowledge we got from operating Cashila.com. We start developing idea and start working on the product at the beginning of this year. All work before the ICO is considered as an investment into ICONOMI.


2. What tools will you use for trading? Your own software? Will ICONOMI own that software too? Will ICN holders have access to that tools or an ability to use them?

There won’t be trading tool, but fund management platform. It will be a proprietary software created and managed by Cashila as service operator and owned by ICONOMI shareholders. ICN will be owners in this case and will have same access to the platform as everyone else.


3. Who and how will take the decisions about the profits distribution? For example, to reinvest a certain amount in the new features development or to pay as dividends?

As described in Whitepaper all profits will be distributed to ICN token holders as long as we have ICO assets. After that revenue split 30:70, service operator 30%, ICN token holders, 70%. But as long as we have funds raised during ICO 100% of revenue will go to ICN token holders.


4. Who and how will take another important management and strategic decisions in ICONOMI? Cashila? ICN holders? In what way?

For first 24 months Cashila is the service operator, where Cashila management is making all important decisions communicated publicly in best possible way.


5. I read about the voting system in the whitepaper. Can you give us some more details? Who will be eligible to vote? Who will decide when and what questions to vote for? Is voting system based on Ethereum smart contracts?

ICONOMI will be issued on Ethereum platform as a smart contract, thus voting will be on Ethereum as well. Every keyholder at certain block will be eligible to vote. Wisdom of the crowd does not work here. The only question that will be ever to vote will be which operator to choose. Every two years there will be a vote for which operator to choose. Everyone will be able to apply. 50% + 1 wei will win the winning vote. If no one will gain sufficient majority contract will take first 50% + 1 wei of the voted members and create a new round of votes all until we have one sole winner.
In case of extraordinary events. A single vote with at least of 75% participation and ⅔ or majority votes will be able to push for a extraordinary meeting which can take place at anytime and vote for a new service operator.
A small but reasonable amount should be charged to apply as a candidate in order to prevent spamming with millions of anonymous accounts.


6. The Operator will be Cashila for the first two years, right? What’s the procedure for the Operator changing?

Every 2 years there is general voting where 50% + 1 wei is winning combination. At any given time there might be extraordinary voting event where yet to decide amount of voting will need to take place (probably 50%) where the only voting question will ever be if we wanna change current service operator. If result will be to change, then ordinary voting for new operator will happen afterwards.


7. Who will audit your Ethereum smart contracts?

Deja Vu. But we might get 2nd audit as well.


8. Will all the ICO funds be released from the Escrow at once or by parts?

I know the Escrow funds will be released after the first fund launch. What are the criteria for a successful fund launch? For example, if the fund will be launched but the cryptocurrencies will be accepted only, does it qualify for the Escrow release? Did you sign any agreements with the Escrow key holders? Can you publish them, maybe partially?

Fund launch is when funds are publicly open and individuals are able to invest in them. In fiat and cryptos. It’s a trust game. Gasper from Xaurum and Max from Lisk have their own project behind them and Alexander is a well known and respected in the community and no one has incentive to play in anything but the best faith. For example, if Max as a single keyholder for Lisk releases funds for no reason, then he jeopardises Lisk. And being dedicated to Lisk that much, he for sure won’t betray community trust that he was building for quite some time (even before Lisk).
We signed no “old economy” contract, but you can find all escrow partner’s confirmation of being keyholder in our OP.


9. Will we know the names of ICONOMI experts who are to manage The ICONOMI.PERFORMANCE FUND? Do they have a successful trading history?

Not trading history. This is not about trading. But investing into right project. Names will be published at the launch of the fund. Jani will be one for sure. With successful investing history.


10. CoinFunds Whitepaper (https://www.iconomi.net/ICONOMI_Whitepaper.pdf) question.
Table 2 (page 9).
How did you choose the tokens for Table 2?
There are 9 tokens but these are not the lower 9 tokens from the Table 1.

According to: categorisation, market cap, trading volumes. Within each category we defined it it is winner takes it all or if there can be more winners. This week a blog with release on ICONOMI.index will be published with better explanation of that.


11. Will you sign any contracts with people depositing with fiat?

No. Terms of use define that. Bank deposits are with us and we have a track of what each user got for it’s bank deposit - in order to avoid chargebacks.

I agree.
I don't want to chear to much but ICONOMI vs Wave there is a diffrence ICONOMI hav delivered something while Wave team.

ICONOMI team was working over Chashila project over 2 years and ICONOMI will use that structure.
So they are 2 years ahead somehow now - they will just now integrate it into structure... (they know working project well )

ICONOMI is on BTC events to show something make connections. (try doing business without connections... GL waves )
I don't see any real activity on Waves - i know they are working ... and working and testing...
But honestly as project which started with 12m $  capital we should expect more. than 1 tweet per 2-3 days ...
ICONOMI is almost ready to go with many aspects they have marketing and buisnes plan while when i look waves they have one plan so far testing.
Once more project with 12m $ initial capital can not be run like that.
Coins like Doge LTC NEM  all those who stated from 0 capital or much lower i can have lower expectations than from stuff for 12m $ ...
Guys 12m $ is a real BIG chunk of cash.

Another 1,998915 BTC from Liqui customers to ICO Iconomi sent - https://docs.google.com/spreadsheets/d/1noAF1GSCVpRjIBP0FDaMQdSDqexVzxV5bYiwH66droI/edit#gid=0. Join IOU market and start trading right after ICO.

...
Iconomi is not wave , dev team on ICONOMi is not the same as waves!

Hello guys

Please check a new version of my ICONOMI Token share calculator: http://iconomiico.com/

And Please Review here

Regards

+1 Well said Sir.

ICN will be BETTER than Bitcoin, Litecoin, or any other coin for that matter.     Why?

Dividends are paid out directly to token holders in ETH, every token is a share in ownership of ICONOMI, you will have a debit card and 24/7 access to your funds, transparency, liquidity without an exchange, hardware and paper wallets, it's own trading platform, payment gateways already in place, network chain well known, and a variety of managed funds to choose from.
Nobody else has the potential to disrupt legacy systems that I see here. Nobody.
It's a gift-wrapped crypto wet-dream in my book; I'm nearly all-in, period.