ICONOMI;
In a post a page back you stated "You will be receiving a dividend in return from realised profits (for as long as we have ICO money, all of profits will be given as dividends)."
So if I'm reading this right, hypothetically; if you use up the ico funds a month after launch, then token holders no longer get dividends?
You also stated that you plan on using a portion of ICO funds toward the performance fund.
Looking at the team, you already have 9 regular team members and 5 advisors before even starting on a development team.
It sounds totally likely that ICO funds could be used up quickly... could you please clarify?
I mean, with all this, it looks like the dividends won't be around long.
Topic: [ANN] ICONOMI - Fund Management Platform - page 1117. (Read 1253965 times)
I must say the investment for this project is huge, clear its not just one more ICO coin with copy/paste idea with no clear goal what it try to achieve
Being a platform for new capital is what is most needed in crypto world, sure some geek investors already found a way to invest alone, but they number are just a few, most as like 99% of classic investors even if they read about Bitcoin and blockchain they don`t understand it all, they are used for someone as their bank adviser or private entity to tell them what they should invest
Being a platform for new capital is what is most needed in crypto world, sure some geek investors already found a way to invest alone, but they number are just a few, most as like 99% of classic investors even if they read about Bitcoin and blockchain they don`t understand it all, they are used for someone as their bank adviser or private entity to tell them what they should invest
Hi dev, do you need a portuguese translation to this
https://medium.com/iconominet/iconomi-more-ambitious-goals-and-a-21-000-btc-cap-after-a-successful-ico-start-ccb06efff709#.r0ebqtb8b
?
Pm me if you want!
Cya
https://medium.com/iconominet/iconomi-more-ambitious-goals-and-a-21-000-btc-cap-after-a-successful-ico-start-ccb06efff709#.r0ebqtb8b
?
Pm me if you want!
Cya
Hi
I'm little a bit late read this awesome post from @iconomi published on medium.
Especially, the fund.index and investors debit card idea are worth inclusion.
I think the latest vission to achieve 21,000 btc also possible!
Thanks!
This project sounds very promising, I must admit that I think to invest however is any amount accepted, or is there any min. amount that I should invest? I am not that experienced and it will be my first investment in my life, please give me some advices .
From the balance on the website I think the minimum investment is 0.000X (at least this will be shown)
@ICONOMI I should learn something new, when I firstly invested I was expected to receive 1150 ICN.
Now I realize that I will receive 419, what does this mean, more investors less coins being distributed to the investors right?
That means more investors, less tokens, and more value.
Yes but people are right. They have a fixed amount of shares. It should've been a percentage for the team, not a fixed amount. Yes the value per token goes up but we get less and less tokens, meaning just our initial investment amount, whether it be 10,000 at a $1 or 1 for $10,000. As the investment amount increases, all it does is slash our market growth potential and put big money into the fixed share amount that the team will receive.
The team members and the ones contributing to the sucess of ICONOMI should be motivated with fixed amount of tokens. If each team member receives a fixed amount in let's say USD denominated value, then they receive same amount if they do lousy job or if they have to pull an allnighter to finish some things on time.
Guess what happens with state employees that make fixed amount of money regardless of their performance.
Besides that. I would like to say it again. We'll publish all addresses of team members and number of tokens for each one of us. And we'll oblidge ourselves not to sell anything before 6 months passes after ICN are out and live. That way, you can be sure team will be motivated to deliver added value, because ICN will be worth more and there won't be any selling before 6 months period.
Using a percentage rather than a fixed amount, they are still motivated to do good because more money raised, more money per token for them. Bottom line is they are getting the tokens for free, and us investors are giving that token value. But a fixed token while ours diminish I'm sorry is very rip off. Even if they don't dump for 6 months, even better for them, let the market grow it further....you really need a percentage based share amount.
Fixed amount of 15m ICN tokens is exactly the same as if we would define that we get 15% of 100m ICN tokens.
And do you really wanna have people running huge operation when they are motivated with nothing? Think of how well Singaporean government model is compared to some shitty governmental ones. Prime minister of Singapore makes ~1.7m USD per year. That was, he is not motivated to be playing any tricks. Believe it or not. This also serves to protect investors.
Edit: or look at thedao example. Slock.it didn't took anything for thedao. and then 2 weeks after dao is out they make a security proposal for 1.5m USD. that's just not hygienic.
Is ICONOMI Doing Right by Its Investors?
https://medium.com/@misterystery/is-iconomi-doing-right-by-its-investors-9b489045eea5#.dr5ppmbpj
https://medium.com/@misterystery/is-iconomi-doing-right-by-its-investors-9b489045eea5#.dr5ppmbpj
They are using the same model as other recent ICOs that have all raised more money than they expected when they started.
Funds for the dev team are not a bad thing imo, it motivates them even more to make the project work, as a big part of their pay is in the actual token that they are trying to build.
ICONOMI is looking really good to me, glad I invested some in the first week and now following. I think the cap might be reached in the final week.
It indeed motivates the team. Also. Keep in mind that we will publish all the public addresses of team members. Additional to that, team members are all obliged not to move/sell any ICN tokens for the period of at least 6 months after release of ICN tokens.
Guess what that means. That we are all motivated for ICN token to be way more valuable in the next 6months than now. And also, you can't expect any dumping from team members either!
This project sounds very promising, I must admit that I think to invest however is any amount accepted, or is there any min. amount that I should invest? I am not that experienced and it will be my first investment in my life, please give me some advices .
From the balance on the website I think the minimum investment is 0.000X (at least this will be shown)
@ICONOMI I should learn something new, when I firstly invested I was expected to receive 1150 ICN.
Now I realize that I will receive 419, what does this mean, more investors less coins being distributed to the investors right?
That means more investors, less tokens, and more value.
Yes but people are right. They have a fixed amount of shares. It should've been a percentage for the team, not a fixed amount. Yes the value per token goes up but we get less and less tokens, meaning just our initial investment amount, whether it be 10,000 at a $1 or 1 for $10,000. As the investment amount increases, all it does is slash our market growth potential and put big money into the fixed share amount that the team will receive.
The team members and the ones contributing to the sucess of ICONOMI should be motivated with fixed amount of tokens. If each team member receives a fixed amount in let's say USD denominated value, then they receive same amount if they do lousy job or if they have to pull an allnighter to finish some things on time.
Guess what happens with state employees that make fixed amount of money regardless of their performance.
Besides that. I would like to say it again. We'll publish all addresses of team members and number of tokens for each one of us. And we'll oblidge ourselves not to sell anything before 6 months passes after ICN are out and live. That way, you can be sure team will be motivated to deliver added value, because ICN will be worth more and there won't be any selling before 6 months period.
Using a percentage rather than a fixed amount, they are still motivated to do good because more money raised, more money per token for them. Bottom line is they are getting the tokens for free, and us investors are giving that token value. But a fixed token while ours diminish I'm sorry is very rip off. Even if they don't dump for 6 months, even better for them, let the market grow it further....you really need a percentage based share amount.
Is ICONOMI Doing Right by Its Investors?
https://medium.com/@misterystery/is-iconomi-doing-right-by-its-investors-9b489045eea5#.dr5ppmbpj
https://medium.com/@misterystery/is-iconomi-doing-right-by-its-investors-9b489045eea5#.dr5ppmbpj
They are using the same model as other recent ICOs that have all raised more money than they expected when they started.
Funds for the dev team are not a bad thing imo, it motivates them even more to make the project work, as a big part of their pay is in the actual token that they are trying to build.
ICONOMI is looking really good to me, glad I invested some in the first week and now following. I think the cap might be reached in the final week.
Hey @iconomi, can I get more explanations about how will the ICO funds be used?
According to "the only image" about this on the main website:
- 62% ( $2.000.000,00 so far) will be spent for development. Are you going to build a moonbase?
- 25% ( $780.000,00 so far) for operations. What is "operations"?
- 9% legal and 4% marketing need an explanation as well
What will be the base of the fund? Why are you going to spend such incredible amount for the development? How many developers do you have?
According to "the only image" about this on the main website:
- 62% ( $2.000.000,00 so far) will be spent for development. Are you going to build a moonbase?
- 25% ( $780.000,00 so far) for operations. What is "operations"?
- 9% legal and 4% marketing need an explanation as well
What will be the base of the fund? Why are you going to spend such incredible amount for the development? How many developers do you have?
Development is not just writing code. In addition to that, is is security as well - very important part. Development of financial products goes into the same category.
This project sounds very promising, I must admit that I think to invest however is any amount accepted, or is there any min. amount that I should invest? I am not that experienced and it will be my first investment in my life, please give me some advices .
From the balance on the website I think the minimum investment is 0.000X (at least this will be shown)
@ICONOMI I should learn something new, when I firstly invested I was expected to receive 1150 ICN.
Now I realize that I will receive 419, what does this mean, more investors less coins being distributed to the investors right?
That means more investors, less tokens, and more value.
Yes but people are right. They have a fixed amount of shares. It should've been a percentage for the team, not a fixed amount. Yes the value per token goes up but we get less and less tokens, meaning just our initial investment amount, whether it be 10,000 at a $1 or 1 for $10,000. As the investment amount increases, all it does is slash our market growth potential and put big money into the fixed share amount that the team will receive.
I thought that i bought ICN at xx satoshi rate and now the price has been increase, but seems that another logic is applied here.
What about the USD value which is shown above the estimated amount of ICN.
If I deposited 1BTC when the price was $570 and now the price has been increased to $610 does that mean anything or the amount will be the same whatever the bitcoin price is?
...you have a strong idea initially, why try to be many other things (Hard wallet, Founders Debit card) when you can do one thing better.
One thing better is exactly that. Hard wallet means we can have top security for our customers who would like to keep their assets with their own private keys. And for outside investors easy to use and secure solutions are magic!
Founders Debit card. There will be debit cards for others as well, but Founders will be limited edition. To keep ICO participants as special members. But why is card important. Because your assets will be then liquid 24/7. You can go to an ATM on Saturday night and withdraw 200 USD from invested funds or ICN tokens. Effectively this will reduce your assets for 200 USD.
But why is this important and why is this possible in our world and not in the old economy? Because only crypto exchanges work and are liquid 24/7. Stock exchanges are open few hours per day Mon-Fri. Forex market is closed during weekends as well. When you swipe your Visa with USD loaded in EUR country on Saturday night, Visa has to wait till Monday morning to exchange your USD into EUR.
Just imagine how powerful that is! Like internet which is "open" 24/7. But libraries are not.
There is still same goal. But with products, security and legal issues covered this strengtens the product even more and protects investors even better!
This project sounds very promising, I must admit that I think to invest however is any amount accepted, or is there any min. amount that I should invest? I am not that experienced and it will be my first investment in my life, please give me some advices .
From the balance on the website I think the minimum investment is 0.000X (at least this will be shown)
@ICONOMI I should learn something new, when I firstly invested I was expected to receive 1150 ICN.
Now I realize that I will receive 419, what does this mean, more investors less coins being distributed to the investors right?
That means more investors, less tokens, and more value.
Yes but people are right. They have a fixed amount of shares. It should've been a percentage for the team, not a fixed amount. Yes the value per token goes up but we get less and less tokens, meaning just our initial investment amount, whether it be 10,000 at a $1 or 1 for $10,000. As the investment amount increases, all it does is slash our market growth potential and put big money into the fixed share amount that the team will receive.
The team members and the ones contributing to the sucess of ICONOMI should be motivated with fixed amount of tokens. If each team member receives a fixed amount in let's say USD denominated value, then they receive same amount if they do lousy job or if they have to pull an allnighter to finish some things on time.
Guess what happens with state employees that make fixed amount of money regardless of their performance.
Besides that. I would like to say it again. We'll publish all addresses of team members and number of tokens for each one of us. And we'll oblidge ourselves not to sell anything before 6 months passes after ICN are out and live. That way, you can be sure team will be motivated to deliver added value, because ICN will be worth more and there won't be any selling before 6 months period.
This project sounds very promising, I must admit that I think to invest however is any amount accepted, or is there any min. amount that I should invest? I am not that experienced and it will be my first investment in my life, please give me some advices .
From the balance on the website I think the minimum investment is 0.000X (at least this will be shown)
@ICONOMI I should learn something new, when I firstly invested I was expected to receive 1150 ICN.
Now I realize that I will receive 419, what does this mean, more investors less coins being distributed to the investors right?
This project sounds very promising, I must admit that I think to invest however is any amount accepted, or is there any min. amount that I should invest? I am not that experienced and it will be my first investment in my life, please give me some advices .
From the balance on the website I think the minimum investment is 0.000X (at least this will be shown)
@ICONOMI I should learn something new, when I firstly invested I was expected to receive 1150 ICN.
Now I realize that I will receive 419, what does this mean, more investors less coins being distributed to the investors right?
That means more investors, less tokens, and more value.
Yes but people are right. They have a fixed amount of shares. It should've been a percentage for the team, not a fixed amount. Yes the value per token goes up but we get less and less tokens, meaning just our initial investment amount, whether it be 10,000 at a $1 or 1 for $10,000. As the investment amount increases, all it does is slash our market growth potential and put big money into the fixed share amount that the team will receive.
This project sounds very promising, I must admit that I think to invest however is any amount accepted, or is there any min. amount that I should invest? I am not that experienced and it will be my first investment in my life, please give me some advices .
From the balance on the website I think the minimum investment is 0.000X (at least this will be shown)
@ICONOMI I should learn something new, when I firstly invested I was expected to receive 1150 ICN.
Now I realize that I will receive 419, what does this mean, more investors less coins being distributed to the investors right?
That means more investors, less tokens, and more value.
This project sounds very promising, I must admit that I think to invest however is any amount accepted, or is there any min. amount that I should invest? I am not that experienced and it will be my first investment in my life, please give me some advices .
From the balance on the website I think the minimum investment is 0.000X (at least this will be shown)
@ICONOMI I should learn something new, when I firstly invested I was expected to receive 1150 ICN.
Now I realize that I will receive 419, what does this mean, more investors less coins being distributed to the investors right?
- The ICONOMI.INDEX FUND will reflect the development of the credible cryptocurrency market. It will be transparently managed and traded on major exchanges. ICONOMI.INDEX fund will include several thoroughly researched cryptocurrencies, including Bitcoin, Ethereum, Lisk, Steem
Good luck though. [/list]
Lol yeah, that's the only thing that worried me from this ICO! Even if I don't currently hold any Lisk, I can see how it could have some potential depending on how the whole dapps and smart contracts develop in the next months. Ethereum we can all agree has Consensys behind so it's a lock.
However I can't understand how a "smart" investor or fund manager would buy Steem let alone lock it into SP for 2 years...you are already seeing how that is working out for many who bought at $4. I would've loved to read something like Factom (or even Ripple!) which are actual companies which you can visit and has many deals and employees. Hope it was mostly a placeholder for the "currently hot" project/altcoin.
I'm also surprise not to see Factom among the list, Factom is one of the few Altcoins out there that is making real money, they've been able to expand there project into Chinese market successful with the smart city contract and their partnership with infino. I just don't understand why Factom was left out.
These are just few examples.
Factom will definetelly be in the index as well. It has unique properties for categorisation. Has sufficient market cap and liquidity - important factors for index.
Quote
I can choose it by myself
That is exactly why we are here. People outside of community can not choose it them self. It's rocket science for them. And even if they can choose it, it is technically hard to buy, let alone keep it safe in cold wallets. Because in all tokens (except very few) you can only invest using bitcoin.
Yes, you can choose it yourself. But with the app tokens on the rise and more and more ICOs coming out it will become increasingly more difficult to do so. We'll have resources for that. And if you plan to toss few BTC into some project, you will not have time and it won't be economically feasible to fly on the other continent to do proper due diligence and get a much better idea if it's worth investing or not. Again. This is where our added value is.
Because of that it is worth investing in ICN. You're effectively buying share of a company that will be creating added value products and be selling them to outside investors primarily. You will be receiving a dividend in return from realised profits (for as long as we have ICO money, all of profits will be given as dividends).
This project sounds very promising, I must admit that I think to invest however is any amount accepted, or is there any min. amount that I should invest? I am not that experienced and it will be my first investment in my life, please give me some advices .
As being with iconomi for some weeks I have noticed this is the best investment location in bitcoin without worrying about any scams. So don't worry and invest as much you can buddy.
300%? I think this hit 1000%
Lets see what happen.
Btw, what is current price per token?
I also agree with you pretty that it will hit 1000% or atleast close to it,so investors gonna get really good profit and return from their investements, thats for sure.Lets see what happen.
Btw, what is current price per token?
And Token is not being released yet so you and we all have to wait a bit more for that.
I also think so. That this is something the best news for investors who have been following the ICONOMI, because I see ICONOMI has a very good effect in the market and also in all lovers of cryptocurreny. may the next ICONOMI can provide added value and also typical that catchy
This project sounds very promising, I must admit that I think to invest however is any amount accepted, or is there any min. amount that I should invest? I am not that experienced and it will be my first investment in my life, please give me some advices .
Is ICONOMI Doing Right by Its Investors?
https://medium.com/@misterystery/is-iconomi-doing-right-by-its-investors-9b489045eea5#.dr5ppmbpj
https://medium.com/@misterystery/is-iconomi-doing-right-by-its-investors-9b489045eea5#.dr5ppmbpj
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