Author

Topic: [ANN] ICONOMI - Fund Management Platform - page 1148. (Read 1253963 times)

full member
Activity: 154
Merit: 100
August 27, 2016, 05:03:20 AM
I have to wait for this coin if it turns successful I will learn to trade, I really want to get involve in new coin goodluck with the dev project.
I don't want to miss the second bounty bonus.  Embarrassed

I am waiting for twitter campaign when do you think it will be available?

i believe its already started but they just don't have a spread sheet to fill in you names yet. but it is mentioned in their website .check it out ..

I haven't participated in twitter campaign cause it gotten very busy nowadays, and I don't want to participate altogether if I miss the first bonus of the crowdfunding project, nonetheless it is a pleasure to see the potential of this coin.
Me too havent participated in the twitter campaign,i wanted to participate in the twitter campaign as well and would love to get the first bonus of this crowdfunding project but i think i have missed,but yes this has a great potential and looking forward to it.
full member
Activity: 210
Merit: 100
August 27, 2016, 04:37:13 AM
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:
Quote
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?

Good questions.  The whitepaper says 100% of the ICN tokens represent 100% of the ICONOMI platform, which I assumed the CTF and CMF would fall under.  But not sure now that you ask.

CTF and CMF will be funders operated under ICONOMI. Profits we'll make with those funds will go to cover our operational costs and the rest will be given as dividends weekly to ICN token holders.

Think of ICONOMI as a company and now you're investing to become a shareholder. When we start making profits owning ICN tokens will bring u dividends.
full member
Activity: 158
Merit: 100
August 27, 2016, 04:31:42 AM
I think my last question got drowned somehow and it may be important for others as well:

Is it important that we control the private keys to the addresses from where we send funds, or is it safe to send funds from exchanges directly?

I hope it is ok to send from exchanges because thats how i did it.  I don't think it will even be an issue since it looks like it will smash through the 2k btc threshold.  

I'm sure they can incorporate a currency wallet check onto our ico homepage if necessary.

My concerns were more about how to collect the tokens afterwards. Some projects use your Privkey for it. Now, in this case I wouldn't expect it to be that way, since there are multiple ways to invest, but just to make sure, I'd like to hear/read a statement, ideally with an explanation of how the tokens will be distributed afterwards(someone mentioned Ethereum Mist wallet).

At the end of ICO or perhaps even before we'll create an interface in which you will be able to put your public ETH address. That way, you'll get control of your ICN tokens directly by your corresponding private key.
I sent Bitcoin directly from exchange will there be access to transfer icn from iconomi deposit account page? Without having the bitcoin address privatekey from where the funds were sent??

Sending any coins from exchanges or anywhere is perfectly fine. You don't need private keys of that.

Someone wrote a really good answer. Just can't find who. But credits goes to that member for the following paragraph:

Quote
ICNs will be issued with the deployment of a smart contract on the Ethereum network and
transferred to an Ethereum address users will be able to provide through the ICONOMI
interface. Users who fail to do so will still be able to access their ICNs via the ICONOMI
website.

Your designation is perfect, so people can both access the coins with website, or etheruem wallet.
full member
Activity: 210
Merit: 100
August 27, 2016, 04:25:16 AM
I think my last question got drowned somehow and it may be important for others as well:

Is it important that we control the private keys to the addresses from where we send funds, or is it safe to send funds from exchanges directly?

I hope it is ok to send from exchanges because thats how i did it.  I don't think it will even be an issue since it looks like it will smash through the 2k btc threshold.  

I'm sure they can incorporate a currency wallet check onto our ico homepage if necessary.

My concerns were more about how to collect the tokens afterwards. Some projects use your Privkey for it. Now, in this case I wouldn't expect it to be that way, since there are multiple ways to invest, but just to make sure, I'd like to hear/read a statement, ideally with an explanation of how the tokens will be distributed afterwards(someone mentioned Ethereum Mist wallet).

At the end of ICO or perhaps even before we'll create an interface in which you will be able to put your public ETH address. That way, you'll get control of your ICN tokens directly by your corresponding private key.
I sent Bitcoin directly from exchange will there be access to transfer icn from iconomi deposit account page? Without having the bitcoin address privatekey from where the funds were sent??

Sending any coins from exchanges or anywhere is perfectly fine. You don't need private keys of that.

From the ICONOMI whitepaper:

Quote
ICNs will be issued with the deployment of a smart contract on the Ethereum network and
transferred to an Ethereum address users will be able to provide through the ICONOMI
interface. Users who fail to do so will still be able to access their ICNs via the ICONOMI
website.
newbie
Activity: 23
Merit: 0
August 27, 2016, 04:04:07 AM
My blog have been submitted and got accepted also listed on spreadsheet . Thanks. !!
Well , about the ICO i have seen more than 434k USD invested (approximately 755.7BTC) , and than 35% progress from 2000BTC already achieved on first week. That's good start for this project. I would be more excited with this project  Smiley

To be more presice, it is just the 3rd day.  Cheesy  I have to say this project is so promising, so investors can't stop to inevst, lol

i really hope the figures are not inflated.. that's 1,462$ (~3BTC) per investor. The Trust being depicted is too much considering there are no set targets for investors and everything is for ICONOMI to decide at the end of ICO.

The high amount of average per investor, the more whales i think, look antshares they have 1k investors and funded 4500 btc, average 4.5 btc

Whale or two and you have average amount higer. I think antshares and lisk had 1000BTC whale separately. I guess its gonna be here as well. I have a filing some non-public fund is buying all promising ICOs w/ 1000BTC stakes.

Amazing start for ICONOMI I'm gonna go in today!

hero member
Activity: 2128
Merit: 530
PredX - AI-Powered Prediction Market
August 27, 2016, 03:57:54 AM
ICONOMI  ICO is really doing well, I believe the next rush hour will be the last day of 15% bonus.
full member
Activity: 210
Merit: 100
August 27, 2016, 03:54:52 AM
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:
Quote
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.
newbie
Activity: 22
Merit: 0
August 27, 2016, 03:51:24 AM
My blog have been submitted and got accepted also listed on spreadsheet . Thanks. !!
Well , about the ICO i have seen more than 434k USD invested (approximately 755.7BTC) , and than 35% progress from 2000BTC already achieved on first week. That's good start for this project. I would be more excited with this project  Smiley

To be more presice, it is just the 3rd day.  Cheesy  I have to say this project is so promising, so investors can't stop to inevst, lol

i really hope the figures are not inflated.. that's 1,462$ (~3BTC) per investor. The Trust being depicted is too much considering there are no set targets for investors and everything is for ICONOMI to decide at the end of ICO.

The high amount of average per investor, the more whales i think, look antshares they have 1k investors and funded 4500 btc, average 4.5 btc
sr. member
Activity: 315
Merit: 250
August 27, 2016, 03:47:41 AM
My blog have been submitted and got accepted also listed on spreadsheet . Thanks. !!
Well , about the ICO i have seen more than 434k USD invested (approximately 755.7BTC) , and than 35% progress from 2000BTC already achieved on first week. That's good start for this project. I would be more excited with this project  Smiley

To be more presice, it is just the 3rd day.  Cheesy  I have to say this project is so promising, so investors can't stop to inevst, lol

i really hope the figures are not inflated.. that's 1,462$ (~3BTC) per investor. The Trust being depicted is too much considering there are no set targets for investors and everything is for ICONOMI to decide at the end of ICO.
hero member
Activity: 1134
Merit: 500
August 27, 2016, 03:42:02 AM
There'll be more then 2000BTC for sure, probably 4000+. In the last days more people will join like they did in other ICO. Just mark my words.
newbie
Activity: 22
Merit: 0
August 27, 2016, 03:38:49 AM
My blog have been submitted and got accepted also listed on spreadsheet . Thanks. !!
Well , about the ICO i have seen more than 434k USD invested (approximately 755.7BTC) , and than 35% progress from 2000BTC already achieved on first week. That's good start for this project. I would be more excited with this project  Smiley

To be more presice, it is just the 3rd day.  Cheesy  I have to say this project is so promising, so investors can't stop to inevst, lol
hero member
Activity: 2912
Merit: 526
Reward: 10M Shen (Approx. 5000 BNB) Bounty
August 27, 2016, 03:34:07 AM
My blog have been submitted and got accepted also listed on spreadsheet . Thanks. !!
Well , about the ICO i have seen more than 434k USD invested (approximately 755.7BTC) , and  35% progress from 2000BTC already achieved on first week. That's good start for this project. I would be more excited with this project  Smiley
sr. member
Activity: 457
Merit: 250
Generation Blockchain.
August 27, 2016, 03:32:30 AM
So far:

433,401.88 USD invested by now
295 investors
33 days to go

way to go to reach the 2000 BTC minimum investment target. but its getting there closer.
hero member
Activity: 815
Merit: 500
August 27, 2016, 03:24:50 AM
When ICONOMI tokens are out, will it be possible to use a light wallet like myetherwallet to store 'em ?

PS. Reminder to add Greek Translation in OP:
https://bitcointalksearch.org/topic/ann-iconomi-ico-1596956



sr. member
Activity: 300
Merit: 250
August 27, 2016, 03:06:42 AM
Could something like the Dao happen with this? Like security exploits?

Who knows, this platform is based on ethereum, so it is possible.  Cry
That's basically my biggest fear with this. Just that unknown.
sr. member
Activity: 315
Merit: 250
August 27, 2016, 02:50:44 AM
17. Are the investment funds going to be open for everyone to participate?

The ICONOMI.INDEX fund will be open to everyone, while the ICONOMI.PERFORMANCE fund will be by invitation only. However, ICONOMI ICO participants will be invited to the ICONOMI.PERFORMANCE fund.

 Huh If I only invest a small amount in the ICO and wish to add more at some other time, will I be able to add more to a CMF, or will I only be able to invest the original ico amount?

ie 1btc now 10btc later ?

There won't be any limit of how much to invest into ICO compared to how much anyone will be able to invest into ICONOMI.PERFORMANCE.

But if it turns out that too many investments wants to be invested into ICONOMI.PERFORMANCE (It will be limited with a reason. Because there will be limited investment opportunities for that fund) then we'll just have to prioritise it somehow. Then the ones with more investment into ICO should have slightly higher priority.

is there any ballpark figure you have set for no. of participants or total amount of Fund to be raised for CMF/ICONOMI.PERFORMANCE? if it is competitive then there must be an indicator or minimum limit for amount of investment to be made to qualify for ICONOMI.PERFORMANCE.

its a tough decision to commit so much money for 35 days without any return and with that said you may still end up with ordinary CTF that you can enter anytime.

although i have invested some a little amount of bitcoin in ICO but still the uncertainty to qualify for ICONOMI.PERFORMANCE is keeping for committing any more BTC to the project.
member
Activity: 86
Merit: 10
August 27, 2016, 02:08:34 AM
Where can i see the total fund raised now?  Roll Eyes  I will invest but i still decide it, I don't want to invest an overpriced project.

Just go to ico page, you can find in the op, and i saw another guy told you already.

About overpriced, I don't know, 700+ btc equivalent usd value in just a few days, this is amazing, maybe this will be overpriced if the fund will be 5k btc, it looks like this project will get 2000 B easily. Grin
member
Activity: 86
Merit: 10
August 27, 2016, 02:05:21 AM
Could something like the Dao happen with this? Like security exploits?

Who knows, this platform is based on ethereum, so it is possible.  Cry
sr. member
Activity: 300
Merit: 250
August 27, 2016, 01:51:17 AM
Could something like the Dao happen with this? Like security exploits?
sr. member
Activity: 378
Merit: 250
August 27, 2016, 01:45:49 AM
Hello to ICONOMI Supports and Devs, I just want to know that when will the start of Twitter Campaign? I want to get some ICONOMI.

How can I get some ICONOMI thru this forum, (I don't want to join signature campaign of ICONOMI because I'm on other campaign) .
Jump to: