I'm not understanding this fully. If we buy Iconomi tokens what dividends are we then entitled to?
Does this include profits from the investment funds? What about profits from the exchange?
Correct me if I am wrong on any of this:
This ico is not for the iconomi.index (CTF) and iconomi.performance (CMF) funds. This ico is only for ownership of the OFM platform (ICN tokens).
- the iconomi.index (CTF) tokens will have a separate ico to raise funds. These iconomi.index (CTF) tokens will be tradeable on exchanges
- At that point we will have 2 tokens: ICN tokens (OFM platform) and iconomi.index tokens (CTF) trading on exchanges
- The 3rd offering to raise captial will be the iconomi.performance (CMF) private fund. Invitation only. No tokens which are tradeable on exchanges. Only way to go in and out will be through a manual/oldschool process.
Benefits of owning ICN tokens (OFM platform):
- voting rights, dividend rights, and invitation to invest in iconomi.performance (CMF) offering
The dividends come from here:
The OFM platform systematically enables the sharing of management fees between fund managers and investors with Ethereum smart contract utilisation.
Questions:
1) How is the profit sharing decided on the OFM platform?
- How much does fund manager keep
- How much is sent to investors in the fund manager's fund
- How much is distributed as dividends to ICN token holders
2) Will iconomi.index (CTF) and iconomi.performance (CMF) funds be migrated to the OFM platform, then profits from these 2 funds will be shared with holders of ICN tokens? Or are these first 2 funds entirely separate from the OFM platform / ICN tokens?
This ICO is for ICONOMI management platform. Think of it as buying company shares. And this company will than make products and create profits.
The products ICONOMI will create won't have their own ICO. They will be financial products that we're be selling to outside investors. And those products will charge fee to their own investors just like mutual funds and etfs charge fee.
ICONOMI.INDEX - CTF will be tradable on exchanges yes.
CMF is general term. There will be many funds in CMF. One will be named ICONOMI.PERFORMANCE. This token will be invite only (for ICONOMI ICO participants at the beginning). Way to go out/in will be via us only on those tokens. 24/7 and simple. Sending money in/out in essence.
Answers to questions:
1)
- Profit sharing (fee split) on OFM will be split between ICONOMI as platform and fund manager as the one performing trading. It is not yet decided. But think of Uber/Airbnb split kind of tyle.
- Fund manager will get more than platform. See previous answer.
- Investors in fund will probably have around 20% performance fee on their gain.
- Our operational cost is what we'll burn. The rest goes to to "the owners of the company" - ICN token holders in that case.
2)
ICONOMI.INDEX and ICONOMI.PERFORMANCE will eventually be migrated to OFM. In effect those will be just two more funds on the platform that happened to be managed by us.
