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Topic: [ANN] ICONOMI - Fund Management Platform - page 1102. (Read 1253970 times)

hero member
Activity: 644
Merit: 500
Think or swim.
September 08, 2016, 06:19:22 PM
I'm seeing a lot of the same sort of blind "wow, lots of money raised, awesome! sending more without question!" rhetoric in this thread which reminds me of the DAO

Everyone should read this reddit post before sending any more money:

https://www.reddit.com/r/ethtrader/comments/510042/is_iconomi_doing_right_by_its_investors/d79erq6

Seriously.  The number of white knights peddling hopium in this thread is astounding.  Everyone needs to get a grip and understand success doesn't mean fistfulls of cash thrown at a project for FOMO.  That's rube mentality.

It's everyone's job to hold ICONOMI accountable and ask them the hard questions and demand answers, like the fellow in the comment you linked... who was snubbed.  If one person starts criticizing another  for having skepticism and critical thinking, be suspicious of their intent.

Warning: read this reddit post before sending any more money:

https://www.reddit.com/r/ethtrader/comments/510042/is_iconomi_doing_right_by_its_investors/d79erq6

That post was written by someone with reading comprehension problems and partial blindness.
Every beef he raised has been answered more than once.

what is the roadmap, timeline and budget plan for development?
VERY 1st PAGE OF ICO SITE:
Concept development
Q1 2016
   
ICONOMI.NET
Ether trading
Q2 2016
   
Whitepaper formalisation
July 2016
   
ICO
August 2016
   
ICONOMI.INDEX
Fund
Q4 2016
   
INVITE ONLY
ICONOMI.PERFORMANCE
Fund
Q4 2016
   
ICONOMI.OFM
Platform
2017

what are the major challenges and risks?
the team picking winning investments...  you should know this
what are the indicative salaries of staff /profit margin for coinzilla?
the maintenance fees ofc and their share of tokens.
how are incentives aligned so that it is in the interests of coinzilla to develop a successful platform?
profit, and what does coinzilla have to do with iconomi? it's "Cashila", not "Coinzilla"
The debit card fees and added traffic to Cashila would add up substantially ofc.
what protections do token holders have against underperformance or overspending by coinzilla?
they dont pay directly for losses and token holders COLLECT DIVIDENDS... FOREVER
You can always sell your coin or exit the fund through the redemption process.

How are funds disbursed to coinzilla?
Cashila

How is performance managed?
Read the whitepapers... that is answered a couple times with DETAILED explanations.
What legal protections do token holders have?
Cashila is a registered small payment institution, licensed by the Czech National Bank and EU-wide legislation compliant.
What prevents coinzilla just walking away with the money?
Holy Toledo.... ESCROW and Multisig wallets ofc like everyone else. Read the blog.
In case holders vote for another provider how will non on chain services and technology be transferred to the new service provider?
they would simply switch platforms and re-issue tokens like they already stated... so easy.

Please take the time to read things better before attempting FUDding
there are 2 whitepapers, timeline, a blog with several informative posts and THIS THREAD answered most if not all of those questions
I mean really, Get a grip. This ico has more credentials and framework in place than any ico since the inception of ico's.
I'd like to sample what you were smoking when you posted that  Wink
legendary
Activity: 1526
Merit: 1179
September 08, 2016, 05:48:23 PM
Just because a project  raises a shit load of BTC/cash does not automatically mean that it will be a massive success and make you a fucking millionaire overnight.....

Recent examples: DAO and Waves.

I seem to remember the Waves Shills talking about lambos in about every other post.....
When developers and other people working on the project start talking like that, then it's a direct skip for me, and it should be the same for others as well.

Their priority should be everything related to their project, and not luxurious items that they might buy with the collected funds.
legendary
Activity: 1400
Merit: 1001
September 08, 2016, 05:29:25 PM
Just because a project  raises a shit load of BTC/cash does not automatically mean that it will be a massive success and make you a fucking millionaire overnight.....

Recent examples: DAO and Waves.

I seem to remember the Waves Shills talking about lambos in about every other post.....
Nothing is certain. I've seen developers that created some very successful projects, collected money and drunk with power and possibilities started to celebrate throwing money around.
With bad management you can ruin everything. As you said even the most successful ICO's potential can be wasted - but so far ICONOMI team showed that they seem to be serious about it.

And it is better to trust in the biggest ICO of the year than in some random project after all.
hero member
Activity: 644
Merit: 500
Think or swim.
September 08, 2016, 02:01:08 PM


it will always change as long as there are deposits coming in. more deposits = less token = less share = more value for each token

you are just getting a part of the total tokens based on your investment amount divided by total amount invested

I see, and how are we supposed to know the price for each ICN at the moment ? or It's impossible to know unless you deposit and divide (how much ICN you got / how much USD you have) ?
EDIT : I also want to know more about signature bounties ? (I assume It's not same as signature campaign ? ) cuz It's not same list https://docs.google.com/spreadsheets/d/10tRJSuPZ_mak2-mt_5bwtmIXuH4waCVWAmz3zO83cFg/edit#gid=0
are you serious?
Nobody can honestly tell you the answer to that question.
Like any other traded commodity, exchange prices are 100% market controlled.

to calculate estimated ico token value you simply divide 100m by the collected dollar amount
4 million dollars collected on 100m tokens = 25 cents.

If your counts are right, then i just got more then 500% profit. Nice
actually no made a correction you posted too fast hehe
hero member
Activity: 924
Merit: 501
CryptoTalk.Org - Get Paid for every Post!
September 08, 2016, 01:54:15 PM


it will always change as long as there are deposits coming in. more deposits = less token = less share = more value for each token

you are just getting a part of the total tokens based on your investment amount divided by total amount invested

I see, and how are we supposed to know the price for each ICN at the moment ? or It's impossible to know unless you deposit and divide (how much ICN you got / how much USD you have) ?
EDIT : I also want to know more about signature bounties ? (I assume It's not same as signature campaign ? ) cuz It's not same list https://docs.google.com/spreadsheets/d/10tRJSuPZ_mak2-mt_5bwtmIXuH4waCVWAmz3zO83cFg/edit#gid=0
are you serious?
Nobody can honestly tell you the answer to that question.
Like any other traded commodity, exchange prices are 100% market controlled.

to calculate estimated ico token value you simply divide 100m by the collected dollar amount
4 million dollars collected on 100m tokens = 25 cents.

If your counts are right, then i just got more then 500% profit. Nice
hero member
Activity: 644
Merit: 500
Think or swim.
September 08, 2016, 01:49:17 PM

it will always change as long as there are deposits coming in. more deposits = less token = less share = more value for each token

you are just getting a part of the total tokens based on your investment amount divided by total amount invested

I see, and how are we supposed to know the price for each ICN at the moment ? or It's impossible to know unless you deposit and divide (how much ICN you got / how much USD you have) ?
EDIT : I also want to know more about signature bounties ? (I assume It's not same as signature campaign ? ) cuz It's not same list https://docs.google.com/spreadsheets/d/10tRJSuPZ_mak2-mt_5bwtmIXuH4waCVWAmz3zO83cFg/edit#gid=0
are you serious?
Nobody can honestly tell you the answer to that question.
Like any other traded commodity, exchange prices are 100% market controlled.


estimated token value = funds collected divided by 100million

4 cents at 4 mil collected
but that will not hodl true.
example: Lisk collected 6 mil on 100m tokens for a value of 6 cents, yet currently trading near it's low of 20 cent
so there's no real correlation, and again, 100% market controlled
but most crypto-ico's start at around 350% profit before the wild moves begin
hero member
Activity: 980
Merit: 502
September 08, 2016, 01:38:03 PM
More than 4 Million already raised. Congratulation. Hopefully this project will not be overbought. Good luck Dev
hero member
Activity: 695
Merit: 500
September 08, 2016, 01:16:10 PM
Where can I read what Iconomi tokens are? I mean how would we be able to send/trade them? Will they be traded on exchanges etc?
After ico finish, the tokens will be distribuited and after this prob ICONOMI will rich the big Exchange

Yes but how tokens could be sent to someone else for example? Will they be on a blockchain? Which one? Lisk sidechain?

ICN tokens will be issued on top of Ethereum platform.

You will be able to send them with Mist browser - probably easiest way. Before launch you will be able to provide us with your public ETH address for which you hold private key and that way have ICN tokens under your control on day 1.

I'm still not understanding how ICN will show up on ETH address.  Can I send it to a Jaxx ETH wallet?  Sorry, I'm an Ethereum novice.

The sidechain has it's own token, but since it's an ETH sidechain, the developer can simply use ETH addresses. No other wallet platform would be necessary, but just the installation of the sidechain app, so you should be able to just use a polo-ETH address or any ETH exchange address without the need for Mist.... BUT if you plan on exercising your voting rights or other functions you would need the ETH platform installed because exchanges don't give you GUI access.

A better explanation would be helpful tho yes.

So to exercise all my rights with ICN, I would need to install Mist Browser?  Is Jaxx ETH Wallet or Ledger Nano S ETH wallet ok also?  I don't think I want to trade ICN so early in the game by moving it to the exchanges.  I tried a while ago to install MiST, but syncing the chain took so long that I abandoned it.
No, multicurrency wallets are "lite wallets" and have no GUI access other than accessing a remote node... So yes... if you plan on voting you would need the "Full Monte" installed because the chances of hardware wallets adding sidechain GUI functionality is near 0.
so using jaxx, trezor or ledger would be fine only IF they added ICONOMI functionality first.


Good news guys, I have been reaching out to MyEtherWallet.  https://www.myetherwallet.com/ which I use all the time for its ease and they have just confirmed to me that they will support ICN tokens. This news has just made my day.  Grin
sr. member
Activity: 457
Merit: 250
Generation Blockchain.
September 08, 2016, 12:45:12 PM
Just because a project  raises a shit load of BTC/cash does not automatically mean that it will be a massive success and make you a fucking millionaire overnight.....

Recent examples: DAO and Waves.

I seem to remember the Waves Shills talking about lambos in about every other post.....
waves is still alive and their developers are still talking and giving big words. well they didn't got that success which was expected cor them.
anyway if a coin got failed after getting huge profit it doesn't mean that all big projects will be same.. I dont want to see the same thing with iconomi.

Not bad, ICONOMI already raised >4,000,000 USD worth of coins. Crypto is high risk, high reward so its up to you whether you are willing to invest & risk. Your investment can go either on the loss or gain.
legendary
Activity: 1302
Merit: 1002
September 08, 2016, 12:40:35 PM
....
Not enough bounty coins to do a big dump at the begin.

Probably something something between 1m ICO to 2m ICO will be drop on market (good buy opportunity higher pressure to sell at start)
and here how price will react is more about volume if volume will we will have small volume like 20k~40k$ price will free fall with higher volume like 100k+
"free" ICO will be eaten.
Volume depends more from what Devs will deliver since ICO is not altcoin but more share of company price of it will depends more from dividend and from products they are "selling" if they are good price up they are bad price go down.

Massiv dump of ICO can cause mostly fail in trading or platform exploit or really poor dividends (worse than 2% coin stacking) about 5% is good.
Most of those thing you can meet with most coins nothing new besides trading is here.

....
Don't be fooled by price manipulators.

If coin don't deliver on time confidence is gone when confidence is gone price is dropping.
that have nothing with price manipulation because people don't like to sell below price that they get new product.
To rebuild confidence you need  then big afford because who will believe team again ?
If when coin will have good news it will go 2x not 6x Cheesy just little difference.

Value of crypto is mostly illusion where confidence in something is crucial especially when you have 16m $ real capital in hand

hero member
Activity: 530
Merit: 500
September 08, 2016, 12:36:54 PM
Just because a project  raises a shit load of BTC/cash does not automatically mean that it will be a massive success and make you a fucking millionaire overnight.....

Recent examples: DAO and Waves.

I seem to remember the Waves Shills talking about lambos in about every other post.....
waves is still alive and their developers are still talking and giving big words. well they didn't got that success which was expected cor them.
anyway if a coin got failed after getting huge profit it doesn't mean that all big projects will be same.. I dont want to see the same thing with iconomi.
Waves is a slow progress investment.
Sasha has said that long term holders will be rewarded.
I have all time of the world, so I can wait for next year, or the year after.
Don't be fooled by price manipulators.

It is too much impatient which want to get bystry profit immediately.
staff
Activity: 3500
Merit: 6152
September 08, 2016, 12:31:15 PM

it will always change as long as there are deposits coming in. more deposits = less token = less share = more value for each token

you are just getting a part of the total tokens based on your investment amount divided by total amount invested

I see, and how are we supposed to know the price for each ICN at the moment ? or It's impossible to know unless you deposit and divide (how much ICN you got / how much USD you have) ?
EDIT : I also want to know more about signature bounties ? (I assume It's not same as signature campaign ? ) cuz It's not same list https://docs.google.com/spreadsheets/d/10tRJSuPZ_mak2-mt_5bwtmIXuH4waCVWAmz3zO83cFg/edit#gid=0
hero member
Activity: 2856
Merit: 644
https://duelbits.com/
September 08, 2016, 12:30:36 PM

Someone decided to rapidly gain followers. In Antshares is also a fake account created.

If you are a participant bounty please do not retweet or you will be disqualified
If you find the same thing please report to OP
https://twitter.com/iconominet/status/773826485245382656
legendary
Activity: 1232
Merit: 1017
September 08, 2016, 12:26:01 PM
Just because a project  raises a shit load of BTC/cash does not automatically mean that it will be a massive success and make you a fucking millionaire overnight.....

Recent examples: DAO and Waves.

I seem to remember the Waves Shills talking about lambos in about every other post.....
waves is still alive and their developers are still talking and giving big words. well they didn't got that success which was expected cor them.
anyway if a coin got failed after getting huge profit it doesn't mean that all big projects will be same.. I dont want to see the same thing with iconomi.
Waves is a slow progress investment.
Sasha has said that long term holders will be rewarded.
I have all time of the world, so I can wait for next year, or the year after.
Don't be fooled by price manipulators.
sr. member
Activity: 464
Merit: 250
September 08, 2016, 12:24:15 PM
PS: Don't panic when bounty that mean about >1 000 000 ICO will hit market to cash out Cheesy free money

Don't worry about it. Look at Lisk there was 1mln bounty and nothing wrong has happened.
hero member
Activity: 530
Merit: 500
September 08, 2016, 12:23:47 PM

Someone decided to rapidly gain followers. In Antshares is also a fake account created.
legendary
Activity: 980
Merit: 1000
Don't Hesitate to Tip me for My Helps and Guides.
September 08, 2016, 12:16:54 PM
Just because a project  raises a shit load of BTC/cash does not automatically mean that it will be a massive success and make you a fucking millionaire overnight.....

Recent examples: DAO and Waves.

I seem to remember the Waves Shills talking about lambos in about every other post.....
waves is still alive and their developers are still talking and giving big words. well they didn't got that success which was expected cor them.
anyway if a coin got failed after getting huge profit it doesn't mean that all big projects will be same.. I dont want to see the same thing with iconomi.
hero member
Activity: 530
Merit: 500
September 08, 2016, 12:10:15 PM
PS: Don't panic when bounty that mean about >1 000 000 ICO will hit market to cash out Cheesy free money

this isnt a problem... every ico have bountys and almost every ico have a big dump at the begin.
bountys are a necessary evil, and if you want to make some money, dump at the begin, buy at the bottom.

Not enough bounty coins to do a big dump at the begin.
hero member
Activity: 1080
Merit: 500
September 08, 2016, 12:09:31 PM
This is your new Twitter or a fake?
https://twitter.com/icomoninet
I think its fake
Beware
hero member
Activity: 530
Merit: 500
September 08, 2016, 11:56:48 AM
This is your new Twitter or a fake?
https://twitter.com/icomoninet
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