Author

Topic: [ANN] ICONOMI - Fund Management Platform - page 1127. (Read 1253965 times)

hero member
Activity: 2912
Merit: 526
Reward: 10M Shen (Approx. 5000 BNB) Bounty
September 01, 2016, 02:12:53 AM
Amazing! it seems looks promising, many of people interested in this project.
Good luck with your project.



 Cool Cool Cool
Yup this project has reached +4K BTC only on the first week . Wow , that's really great.
Because this project is really explained a lot about this project and revealed the dev team behind them , that's the good point for this project.
hero member
Activity: 812
Merit: 500
September 01, 2016, 02:07:05 AM
 Amazing! it seems looks promising, many of people interested in this project.
Good luck with your project.



 Cool Cool Cool
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
September 01, 2016, 01:59:41 AM
The Iconomi project is going really really well. They are a new opportunity for investors who want high profits but less risk involved. They have the state-of-the-art financial instruments and a professional team working behind them. They are bound to become successful in this field and gather a large chunk of the potential customers out there. By this both the company and the investors will be paid well and become successful investors.

People should keep faith in them and invest their money here. It is going to be one of the most successful projects in the entire bitcoin ecosystem.
full member
Activity: 210
Merit: 100
September 01, 2016, 01:46:04 AM
As we are approaching our first bonus decrease I would like to make sure everyone understands cut off time for 15% bonus.

Cut off time for 15% bonus is in less than 2 hours - it will happen at exactly 08.00:00 UTC.
That is 10am in Europe, 4am EST, 1am PST, 4pm China time, 6pm Sydney time to name a few where most people live.

Bonus for all the crypto will be applied when your transaction is propagated to us before 8.00:00 UTC. That means if your transaction reach us at 7.59:59s you get 15% bonus. If your transaction arrives 1s later you do not get 15% bonus. It does not need to be in the block or have enough confirmations. It just needs to be relayed before cut off time.

For all the edge cases where transaction will propagate a second or few after 08.00:00 UTC we'll check block explorers (like Blockr) for the specific currency and if we can find any sign of transaction being relayed before 08.00:00 UTC we will still apply 15% bonus to you (could be that our nodes and your propagating node are too few hops away).

For crypto that means that you can get your deposit address before 08.00:00 UTC, but if transaction is not relayed before that bonus is not applied.


Bonus will also be applied to all the EUR and USD transactions. But because bank transactions are slow (international wire can take up to a week) you need to send proof of payment (screenshot or picture of payment confirmation if you are doing transaction physically) to [email protected]
If email arrives before 08.00:00 UTC you get 15% bonus when a transaction with matching data reaches our bank account.


Thanks to all the investors and supporters of ICONOMI. We're getting better together.
hero member
Activity: 924
Merit: 505
September 01, 2016, 01:43:47 AM
1,488.4251 BTC

55,385.5054 ETH

933,405.5023 LSK

0.00 USD

592,986.41 EUR
 
looks pretty good so far  Cool 974 investors Shocked


I can't believe it, too many whales here, this is the new antshares, people start to buy legit project, nice sign.
Yes in 2 weeks time they do great many investor support for iconomi sign for a good projects to become successfull . I know that its happen for iconomi because many investor invested in. So the support is full for ico i know in the end of ico many more traders support to that one great projects.
hero member
Activity: 742
Merit: 500
September 01, 2016, 01:34:57 AM
One question with the twitter bounty:

Should I retweet just the tweeted post or I need all the retweeted/mentioned/tweeted post from ICONOMI?

Thanks!
full member
Activity: 210
Merit: 100
September 01, 2016, 01:02:26 AM
ICO website is containing deceitful wording regarding claimed security of the setup

Quote
We employ state-of-the-art security technology for you, with the storage of fiat and digital assets embedded into an Ethereum contract!

This is completely false. The only thing that can be embedded in and Ethereum contract is Ethereum based assets such as MKR, REP and DGX. Every other crypto will have to be held in custody in centralized hot and cold wallets managed by we don't know who (no information provided). The whole matter of how funds will be handled is completely ignored in spite of the fact this is probably the most important aspect of this project.

Storage of assets: not covered
Audit of assets: not covered
Change of service provider: not covered
Counterparty risk warning: not covered
Transfer of assest in case of change of service provider: not covered
Who stores the assets of open managed funds: not covered
Whether ICN holders get dividends: not covered
The nature and calculation of ICN holders dividends (if applicable): not covered

The whitepapers are more highlevel sales pitches than whitepapers and explain strictly nothing about how the whole thing is going to work technically.

This is really underwhelming.
As far as I can tell, there is nothing preventing this thing from becoming TheDAO meets MtGox

Perhaps not the best wording, but you are right. MKR/REP/DGX also Xaurum since not long ago are the ones that can be in Ethereum contracts.

However, note that even Ethereum based assets that we'll hold won't be stored in a smart contract only. This won't be like a giant multisig with all the private keys online.

It will most likely be 4 out of 6 multisig. With each key stored in vaults at least 50km apart and one key stored on another continent and 3 vaults will have access only when 2 authorised person show up together. All that to prevent various scenarios where funds could be lost/stolen/whatever.

Whitepaper on storage of assets will be published by us and given to the community for discussion. We'll make it "open source" and set an industry best practice / standard. This is what is needed, as I didn't know that Bitfinex had all in a giant hot multisig wallet. And I don't know how Kraken or Poloniex is storing funds.

full member
Activity: 160
Merit: 100
September 01, 2016, 12:36:11 AM
A quick reminder: First week 15% bonus is available only for 2 more hours!

If there is someone here who is still hesitating, this is the last moment to grab that bonus.
At this point it is rather clear that this project is one of the biggest ICOs of 2016

It is one of the biggest, I it will probably raise 15000 - 20000 BTC in the end.
hero member
Activity: 938
Merit: 1000
September 01, 2016, 12:36:00 AM
A quick reminder: First week 15% bonus is available only for 2 more hours!

If there is someone here who is still hesitating, this is the last moment to grab that bonus.
At this point it is rather clear that this project is one of the biggest ICOs of 2016

I agree this project is one of the biggest ICOs of 2016 and see to ICO site only 2 hours more left for get 15% bonus you guys i hope you dont missed out it Grin
hero member
Activity: 770
Merit: 500
September 01, 2016, 12:35:53 AM
ICO website is containing deceitful wording regarding claimed security of the setup

Quote
We employ state-of-the-art security technology for you, with the storage of fiat and digital assets embedded into an Ethereum contract!

This is completely false. The only thing that can be embedded in and Ethereum contract is Ethereum based assets such as MKR, REP and DGX. Every other crypto will have to be held in custody in centralized hot and cold wallets managed by we don't know who (no information provided). The whole matter of how funds will be handled is completely ignored in spite of the fact this is probably the most important aspect of this project.

Storage of assets: not covered
Audit of assets: not covered
Change of service provider: not covered
Counterparty risk warning: not covered
Transfer of assest in case of change of service provider: not covered
Who stores the assets of open managed funds: not covered
Whether ICN holders get dividends: not covered
The nature and calculation of ICN holders dividends (if applicable): not covered

The whitepapers are more highlevel sales pitches than whitepapers and explain strictly nothing about how the whole thing is going to work technically.

This is really underwhelming.
As far as I can tell, there is nothing preventing this thing from becoming TheDAO meets MtGox
legendary
Activity: 1400
Merit: 1001
September 01, 2016, 12:21:06 AM
A quick reminder: First week 15% bonus is available only for 2 more hours!

If there is someone here who is still hesitating, this is the last moment to grab that bonus.
At this point it is rather clear that this project is one of the biggest ICOs of 2016
member
Activity: 71
Merit: 10
September 01, 2016, 12:13:31 AM
1,488.4251 BTC

55,385.5054 ETH

933,405.5023 LSK

0.00 USD

592,986.41 EUR
 
looks pretty good so far  Cool 974 investors Shocked


I can't believe it, too many whales here, this is the new antshares, people start to buy legit project, nice sign.
hero member
Activity: 938
Merit: 1000
September 01, 2016, 12:07:33 AM
1,488.4251 BTC

55,385.5054 ETH

933,405.5023 LSK

0.00 USD

592,986.41 EUR
 
looks pretty good so far  Cool 974 investors Shocked

legendary
Activity: 1400
Merit: 1001
Looks like we are entering into Waves territory here.

What happened with Waves?  Sorry, I didn't follow it.

Its where it got overbought and was funded heavily that the dev team was stunned and never got to work but lay around celebrating for more than 3 months spending the money of the investors without developing the token, not even a news but just a tweet. Lets just hope history won't repeats itself over again.

Yes sadly there should've been some milestones established, not sure if there are.

We'll have to trust the team. Usually giving people huge piles of money to manage and spend creates a bad habit, it's not their money they are expending so they basically ended up doing a half assed job. Hope this is the exception.

Investors here need to slow down.  Save at least half of your stack for investing in the 2nd fund, performance.iconomi (CMF)

ICN token holders will be getting a minority of the profit from performance.iconomi as dividends.

Smarter to save your money/excitement and go directly into performance.iconomi, then you will be getting a majority of the profits from that fund.

The money from this ico is meant for development of the platform, operations, legal, marketing.  My concern with the overfunding of this, is we may end up getting the same development work and platform at double the price.

Ethereum is an example, where they burnt through ico money on six legal entities across europe, expensive offices in multiple countries, and high salaries (choice of zug as headquarters means literally double or triple the salaries and rent compared to other places in europe).  The product is a massive success, but a lot of investor money was wasted, and they probably could have built the same thing with half the funds:
https://blog.ethereum.org/2016/01/07/2394/

What I really like about Lisk, is they appear to be taking a conservative approach and stretching the ico funds to last for several years.
Good insight, it is actually very true more common that anyone would think. I observed similar pattern before.
Situation owners of very prosperous crypto related business/coin/service were drunk with power and profits.
Some of them wasted initial portion of money and then to recover started scamming people.
I hope ICONOMI project is better than this.
full member
Activity: 160
Merit: 100
Looks like we are entering into Waves territory here.

What happened with Waves?  Sorry, I didn't follow it.

Its where it got overbought and was funded heavily that the dev team was stunned and never got to work but lay around celebrating for more than 3 months spending the money of the investors without developing the token, not even a news but just a tweet. Lets just hope history won't repeats itself over again.

Yes sadly there should've been some milestones established, not sure if there are.

We'll have to trust the team. Usually giving people huge piles of money to manage and spend creates a bad habit, it's not their money they are expending so they basically ended up doing a half assed job. Hope this is the exception.

Investors here need to slow down.  Save at least half of your stack for investing in the 2nd fund, performance.iconomi (CMF)

ICN token holders will be getting a minority of the profit from performance.iconomi as dividends.

Smarter to save your money/excitement and go directly into performance.iconomi, then you will be getting a majority of the profits from that fund.

The money from this ico is meant for development of the platform, operations, legal, marketing.  My concern with the overfunding of this, is we may end up getting the same development work and platform at double the price.

Ethereum is an example, where they burnt through ico money on six legal entities across europe, expensive offices in multiple countries, and high salaries (choice of zug as headquarters means literally double or triple the salaries and rent compared to other places in europe).  The product is a massive success, but a lot of investor money was wasted, and they probably could have built the same thing with half the funds:
https://blog.ethereum.org/2016/01/07/2394/

What I really like about Lisk, is they decided to take a humble approach and stretch the ico funds to make them last for several years.

It makes sense, thanks MoveCrypto
legendary
Activity: 1638
Merit: 1033
OK now I already invested in ICO but I didn't see any 15% bonus sign though or my bonus is added automatically?
Anyways I'm hoping for some profit in near future. Cheesy

ICN in your account only estimations It will continue to fall until ICO over
Bonus awarded after ICO over. After  deposit immediately improve the security of your account and leave your account back  a few weeks
hero member
Activity: 924
Merit: 506
OK now I already invested in ICO but I didn't see any 15% bonus sign though or my bonus is added automatically?
Anyways I'm hoping for some profit in near future. Cheesy
sr. member
Activity: 364
Merit: 250
move that crypto
Looks like we are entering into Waves territory here.

What happened with Waves?  Sorry, I didn't follow it.

Its where it got overbought and was funded heavily that the dev team was stunned and never got to work but lay around celebrating for more than 3 months spending the money of the investors without developing the token, not even a news but just a tweet. Lets just hope history won't repeats itself over again.

Yes sadly there should've been some milestones established, not sure if there are.

We'll have to trust the team. Usually giving people huge piles of money to manage and spend creates a bad habit, it's not their money they are expending so they basically ended up doing a half assed job. Hope this is the exception.

Investors here need to slow down.  Save at least half of your stack for investing in the 2nd fund, performance.iconomi (CMF)

ICN token holders will be getting a minority of the profit from performance.iconomi as dividends.

Smarter to save your money/excitement and go directly into performance.iconomi, then you will be getting a majority of the profits from that fund.

The money from this ico is meant for development of the platform, operations, legal, marketing.  My concern with the overfunding of this, is we may end up getting the same development work and platform at double the price.

Ethereum is an example, where they burnt through ico money on six legal entities across europe, expensive offices in multiple countries, and high salaries (choice of zug as headquarters means literally double or triple the salaries and rent compared to other places in europe).  The product is a massive success, but a lot of investor money was wasted, and they probably could have built the same thing with half the funds:
https://blog.ethereum.org/2016/01/07/2394/

What I really like about Lisk, is they appear to be taking a conservative approach and stretching the ico funds to last for several years.
sr. member
Activity: 294
Merit: 250
🌟 æternity🌟 blockchain🌟
Looks like we are entering into Waves territory here.

What happened with Waves?  Sorry, I didn't follow it.

Its where it got overbought and was funded heavily that the dev team was stunned and never got to work but lay around celebrating for more than 3 months spending the money of the investors without developing the token, not even a news but just a tweet. Lets just hope history won't repeats itself over again.

lol sometimes i think like this too.
hero member
Activity: 1330
Merit: 585
Leading Crypto Sports Betting & Casino Platform
amazing, congrats iconomi good job dev
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