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Topic: [ANN] ICONOMI - Fund Management Platform - page 1153. (Read 1253963 times)

sr. member
Activity: 322
Merit: 250
August 26, 2016, 02:40:58 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?
hero member
Activity: 994
Merit: 513
August 26, 2016, 02:37:20 AM
Maybe I missed it somehow, but how exactly are we going to receive the funds? I guess we don't have to be in control of the priv keys of whatever we send in, but I think you'll have a wallet to download and we create an address, which our funds will be deposited to, right? If yes, what will be the main platform? Is it going to be on Linux/windows/Mac OSX? Or online wallet?

(sorry if my ramblings don't make much sense. I need to go to bed…)

It will work on ETH platform so you will need an ETH wallet like Mist or any other to receive coins after ICO finish.
You need to be registered and logged in when you send the founds from your BTC address. So till ICO finish that account is your key.

I am a little confused. So you mean registered and logged in to the ETH wallet, right? I am not sure why it is involved the BTC address. Shouldn't be I get ICN after ICO then is deposited to the ETH wallet?
If you purchase ICN with BTC then your BTC address is involved, pretty simple.

Huh, that's interesting. If that's the case, sending from an exchange might be a bad idea. Is there a warning somewhere?
legendary
Activity: 3248
Merit: 1055
August 26, 2016, 01:46:09 AM
I love the right honey girl, whats her name?  Grin

Interested to know as well. she's a beauty.  
its hard to find a girl who is also into cryptocurrency. would anyone in the team tell her, I'd marry her if she doesn't have someone yet.
IS there a way to just invest to her instead and not the coin?  Grin kidding

Haha that got me laughing Cheesy she is pretty indeed . According to their website https://ico.iconomi.net/ I'd say she is Tjasa Tolj

Love her already. Let me just send 2000 btc for her.  Grin


Wow 186,200.52 USD invested in a few hours.
This will be big!!!
Yes, with initial capital or guarantee funds 2000 BTC certainly very reassuring for new investors to immediately join with this community. This project is very safe to us and I sure will be biggest in the world.

Wow, over 300 btc worth money within 1 day, I am sure this project will reach their target easily. Look other teams/projects, can't get 300 btc in 1-2 months, this project is rather successful.   Cheesy

But wait, seem like 2000 BTC Can be accumulated without me.  Smiley 
With a legit project, the targeted amount ain't that impossible to reach. besides the rest of the users here in bitcoin talk are still searching for the next bitcoin phenomenon and it could be ICN. Good luck to us all.
hero member
Activity: 739
Merit: 500
August 26, 2016, 01:18:57 AM
So you have mentioned 4 escrows, 1 of them is part of the project so cannot count as a 3rd party escrow.

Can you tell me more about how this escrow works?

Who can release the funds? IE is it one or two people. The only guy on there I trust is max.

How much at one time can be released?

What are the terms you will need to complete before 'escrow' releasing the funds?

Thanks in advance



Yes. There are 4 different individuals. Tim Mitja Zagar holds one key for Ethereum and Bitcoin.

Escrow for Bitcoin and Ethereum works same way. Both are 2/3 multisg. That means that 2 people need to sign transaction in order to move funds. We (Tim Mitja) can not move Bitcoins or Ethereum without third party escrow partner.

Lisk is different, as Max is the only having LSK under control.

We will receive no BTC or ETH or LSK before we actually issue and distribute ICN tokens. We'll do that after ICO ends.

If we don't release ICN tokens as promised, then escrow partners will return funds to all the participants in full. We can not influence that, their trust is at stake.

With this system we wanted to make it as transparent and safe for investors as possible to invest.

Awesome, thank you for your fast and precise answer. I am more inclined to invest LISK until I am able to check the back story of the other escrow you have listed. So can I ask how you will value LISK, is it at the time invested calculated to the price of bitcoin or is it at the end of the sale calculated to bitcoin? You have got my attention.


Thank you for nice words!

We will value all the currencies on the last day of ICO. It is the same way Augur did (they were accepting ETH and BTC) and we'll do the same.


You're more than welcome, That is good to know. One more question, I couldn't find is this going to be a LISK clone?
sr. member
Activity: 479
Merit: 533
August 25, 2016, 11:42:26 PM
Wow 186,200.52 USD invested in a few hours.
This will be big!!!
Yes, with initial capital or guarantee funds 2000 BTC certainly very reassuring for new investors to immediately join with this community. This project is very safe to us and I sure will be biggest in the world.

Wow, over 300 btc worth money within 1 day, I am sure this project will reach their target easily. Look other teams/projects, can't get 300 btc in 1-2 months, this project is rather successful.   Cheesy
eee
newbie
Activity: 1
Merit: 0
August 25, 2016, 10:55:29 PM
You answered all the questions, but dodged MoveCrypto's twice. I have a felling you dont quite understand your own plan. You even admit that in the part about transparency of trades made in the fund. But hey, if people want to invest their money in things they dont understand just because they have a good feeling, who am i to judge. Spend them dollars kids! This is the new decentralized economy, where we all put all our money in the hands of ONE 'Investment Lead' in the team for whom we have no evidence of his past trading performance in crypto. Thats Iconomi in a nutshell.

Just finished reading whitepaper.

Quote
OFM is a simple management tool where traders with knowledge and experience create their own investment funds. Investors, on the other hand, are able to invest even the smallest amounts, getting a clear overview of available investment fund managers and their current & past performance

How can we get a clear overview of fund managers if they are doing their trading on non-transparent exchanges like Poloniex?  What stops me from posing as a fund manager on this platform, and running a pyramid scheme?

Quote
stripped of the risks associated with acquiring and storing the assets yourself

- Who is controlling the private keys of the coins, or the exchange accounts which hold the coins in the Coin Traded Fund (CTF) and Coin Managed Fund (CMF)?

Quote
ICN tokens represent ownership of the ICONOMI platform, allowing their holders to receive dividends and vote on ICONOMI related issues.

Quote
Ethereum smart contracts enable a very transparent and secure way of profitsharing among the token holders

- How do we know the prices the funds bought and sold at, if they are buying/selling on a non-transparent market like poloniex, for example?  Have you thought about doing the trades on the blockchain with escrow, so everyone can see?  

For example, if ICN wants to invest in STEEM, then they trade BTC for STEEM with a big holder, with escrow, on the blockchain, so everyone can see what the price paid and time of the trade was.


This project reminds me of supernet, which is sort of a crypto-investment fund with a non-inflating supply of tokens traded on the nxt asset exchange:
http://www.supernet.org/nav.php

Just finished reading whitepaper.


- How can we get a clear overview of fund managers if they are doing their trading on non-transparent exchanges like Poloniex?  What stops me from posing as a fund manager on this platform, and running a pyramid scheme?

- Who is controlling the private keys of the coins, or the exchange accounts which hold the coins in the Coin Traded Fund (CTF) and Coin Managed Fund (CMF)?

- How do we know the prices the funds bought and sold at, if they are buying/selling on a non-transparent market like poloniex, for example?  Have you thought about doing the trades on the blockchain with escrow, so everyone can see?  


This project reminds me of supernet, which is sort of a crypto-investment fund with a non-inflating supply of tokens traded on the nxt asset exchange:
http://www.supernet.org/nav.php
hero member
Activity: 1708
Merit: 593
August 25, 2016, 10:51:03 PM
Hello sir
Will ICN trade in platform only ? or using other exchange ? it would be nice if added to polo  Grin

It will definitely trade on other exchanges. Which one, we don't know yet.
Longer need to know which markets will.

great sir... this project will be extraordinary ...
full member
Activity: 160
Merit: 100
August 25, 2016, 10:37:48 PM
register to iconomi ico website and enable 2FA, today want to login to my ico account and submit the code from my device but 3 times try to submit the code all the code wrong the website said validation.totp, anyone can help me how to fix this issues

You can add their slack and someone will solve it for you.
member
Activity: 84
Merit: 10
August 25, 2016, 10:21:26 PM
Wow 186,200.52 USD invested in a few hours.
This will be big!!!
Yes, with initial capital or guarantee funds 2000 BTC certainly very reassuring for new investors to immediately join with this community. This project is very safe to us and I sure will be biggest in the world.
hero member
Activity: 1274
Merit: 521
7enius - Your Cryptocurrency Marketing Consultant
August 25, 2016, 09:45:05 PM
register to iconomi ico website and enable 2FA, today want to login to my ico account and submit the code from my device but 3 times try to submit the code all the code wrong the website said validation.totp, anyone can help me how to fix this issues
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
August 25, 2016, 09:42:37 PM
ICO is now open!

https://ico.iconomi.net

This should be a countdown, it does not state when the 15% bonus ends. It will kick in the FOMO. LOL

Quote
15% bonus is available only for days hours minutes and seconds.

Can I have an invite please. https://iconominet.slack.com/



hm.. may be you didn't notice it?
 


It must not show up with JS disabled. Wink


Scam  Huh


Not that I can tell. So far it doesn't show the signs.
legendary
Activity: 1988
Merit: 1007
August 25, 2016, 08:49:40 PM
From what I've read so far, you want to develop a coin that does not require mining. I was wondering how P2P transactions will be verified if you do not have miners at work, or am I missing something?

Probably proof of stake, like other coins. NXT, NEM.

I would assume PoS as well. And while a lot of coins feel that you have to offer massive interest rates, you really don't -- the toll staking takes on your system/electricity is negligible, so running the wallets non-stop isn't an issue for most people.

No extra coins besides the first 100 mio. It uses the eth network for transactions so no need for mining or PoS. 100mio coins thats it.

I like that. A hard cap is awesome. And technically it'll decrease each year from people losing private keys, sending to the wrong addresses, etc.

Even then it doesnt mean your coins will be getting more divident

That is correct. Other people losing keys won't deliver bigger dividends, but will create token more scarce.

This leads to a question... that means that part of the dividends are essentially getting burned as well, correct? I get the concept, I just feel like there should be a better way to handle this. Though I guess in a decentralized system, that's not possible any other way.
newbie
Activity: 34
Merit: 0
August 25, 2016, 08:19:26 PM
I really believe ICO will reach 2400+ BTC by the end.
member
Activity: 71
Merit: 10
August 25, 2016, 08:13:54 PM
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 ?
hero member
Activity: 812
Merit: 1000
August 25, 2016, 08:05:17 PM
Scam  Huh

if you don't have proofs to backup what you want to say, please stop or else you will just look like a clown here. not all ICO is a scam, atleast not this one i think. i have strong believe about this project like many users do
full member
Activity: 193
Merit: 100
ain't nothing like the Blues
August 25, 2016, 07:29:21 PM
Scam  Huh
C'mon dude, you gotta do better then that. Show us some proof.
sr. member
Activity: 393
Merit: 297
August 25, 2016, 07:25:18 PM
Wow 186,200.52 USD invested in a few hours.
This will be big!!!

Most definitely! ICONOMI really showing great promise. I wouldn't think twice investing in ICO.
full member
Activity: 193
Merit: 100
ain't nothing like the Blues
August 25, 2016, 07:24:19 PM
Interesting 168.0884 BTC, 5,557.3481 ETH, and 125,090.9752 LSK traded so far
worth $192,510 usd
full member
Activity: 179
Merit: 100
August 25, 2016, 07:21:19 PM
Scam  Huh
full member
Activity: 193
Merit: 100
ain't nothing like the Blues
August 25, 2016, 07:18:25 PM
Need to hedge out of a few coins so I can get more at ICONOMI at 15% Smiley






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