[ANN] ICONOMI - Fund Management Platform - page 1157.

BoldNinja

hero member

Activity: 1806

Merit: 515

Quote from: ICONOMI on August 25, 2016, 08:44:17 AM

Quote from: royalpalm on August 25, 2016, 08:39:16 AM

Quote from: Febo on August 25, 2016, 07:36:44 AM

Quote from: ttookk on August 25, 2016, 07:30:44 AM

Is there an option to cash out? I mean, since the value of an ICN token is determined by the funds backing it, can I decide to "burn" my tokens in exchange for the money backing them (so basically like the DAO did)?
Obviously, I could sell them on the market and I'd expect the market price to be higher than the "cash-out" price anyway, but conceptually, it would make sense to have that option (even if it's bound to a waiting period or you can only cash out at certain times or something like that).

From FAQ

19. How and when will I be able to leave the ICONOMI funds?
You will be able to exit the investment funds at any time, 24/7, either by withdrawing your funds to a bank account or at an ATM with the ICONOMI debit card. You will also be able to sell tokens of CTF funds at exchanges that will list ICONOMI investment funds.

So this is also a refundable ICO like antshares? I don't understand this faq.19 well.

This is for ICONOMI funds.

ICO is non refundable. And the amlunt invested will give you ICN tokens.

ICO is not refundable, but you will get your investment back if threshold isn't met (but I don't think there should be any problem getting 2000 BTC in ICONOMI as it's already shown a nice positive start).

ICONOMI

full member

Activity: 210

Merit: 100

Quote from: royalpalm on August 25, 2016, 08:39:16 AM

Quote from: Febo on August 25, 2016, 07:36:44 AM

Quote from: ttookk on August 25, 2016, 07:30:44 AM

Is there an option to cash out? I mean, since the value of an ICN token is determined by the funds backing it, can I decide to "burn" my tokens in exchange for the money backing them (so basically like the DAO did)?
Obviously, I could sell them on the market and I'd expect the market price to be higher than the "cash-out" price anyway, but conceptually, it would make sense to have that option (even if it's bound to a waiting period or you can only cash out at certain times or something like that).

From FAQ

19. How and when will I be able to leave the ICONOMI funds?
You will be able to exit the investment funds at any time, 24/7, either by withdrawing your funds to a bank account or at an ATM with the ICONOMI debit card. You will also be able to sell tokens of CTF funds at exchanges that will list ICONOMI investment funds.

So this is also a refundable ICO like antshares? I don't understand this faq.19 well.

This is for ICONOMI funds.

ICO is non refundable. And the amlunt invested will give you ICN tokens.

royalpalm

member

Activity: 88

Merit: 10

Quote from: Febo on August 25, 2016, 07:36:44 AM

Quote from: ttookk on August 25, 2016, 07:30:44 AM

Is there an option to cash out? I mean, since the value of an ICN token is determined by the funds backing it, can I decide to "burn" my tokens in exchange for the money backing them (so basically like the DAO did)?
Obviously, I could sell them on the market and I'd expect the market price to be higher than the "cash-out" price anyway, but conceptually, it would make sense to have that option (even if it's bound to a waiting period or you can only cash out at certain times or something like that).

From FAQ

19. How and when will I be able to leave the ICONOMI funds?
You will be able to exit the investment funds at any time, 24/7, either by withdrawing your funds to a bank account or at an ATM with the ICONOMI debit card. You will also be able to sell tokens of CTF funds at exchanges that will list ICONOMI investment funds.

So this is also a refundable ICO like antshares? I don't understand this faq.19 well.

someonesomeone

hero member

Activity: 933

Merit: 500

I agree. How do you plan on bringing new investors to your funds?

Quote from: ICONOMI on August 25, 2016, 08:31:41 AM

Quote from: someonesomeone on August 25, 2016, 08:28:29 AM

Congrats on the great start! Have you already been in contact with any exchanges? Poloniex would sure be great to have on the first day of trading Wink

Not directly. We are focusing on ICO now as much as possible. If it goes as well as planned and as it started hitting exchanges won't be a problem:)

ICONOMI

full member

Activity: 210

Merit: 100

Quote from: someonesomeone on August 25, 2016, 08:28:29 AM

Congrats on the great start! Have you already been in contact with any exchanges? Poloniex would sure be great to have on the first day of trading Wink

Not directly. We are focusing on ICO now as much as possible. If it goes as well as planned and as it started hitting exchanges won't be a problem:)

someonesomeone

hero member

Activity: 933

Merit: 500

Congrats on the great start! Have you already been in contact with any exchanges? Poloniex would sure be great to have on the first day of trading Wink

ICOcountdown.com

hero member

Activity: 1008

Merit: 500

http://icocountdown.com time has been updated good luck with the crowdsale

Samuray

sr. member

Activity: 291

Merit: 250

Quote from: ICONOMI on August 25, 2016, 04:48:20 AM

Quote from: Samuray on August 25, 2016, 04:44:15 AM

" Hi there,

Thank you for your interest in the ICONOMI platform. We’ll notify you as soon as the ICO starts.

ICONOMI provides an opportunity for investors looking for high profits, not possible in the old economy. With newly developed financial instruments, ICONOMI will drive new investors and fresh capital into the decentralised economy. Good to have you on board!

In the meantime, please have a look at our Whitepapers and join the discussion on Telegram or Bitcointalk Forums. You can also always reach us at [email protected]

The ICONOMI Team "

This is all I recived from ICONOMI after I registered for the newsletter yesterday.
Seems there is something wrong iconomi newsletter.

Notifications are on the way now. We couldn't make it at exactly 8am GMT. I apologise to all that were eagerly waiting for mail right on time.

This is copy from OP. List of collecting addresses:

BTC: 3KbWWjumBGLBUWYCeidydxe1uET9QyWoEg
ETH:0x154Af3E01eC56Bc55fD585622E33E3dfb8a248d8
LSK: 6300322192409448238L

Yep got the notification by email :

"Hi there!

Our Initial Coin Offering has just STARTED... "

No worries since the 15% bonus runs for an entire week, so plenty of time to get on board with bonus ! Wink

ICONOMI

full member

Activity: 210

Merit: 100

Quote from: drnash85 on August 25, 2016, 08:00:15 AM

DEAR DEVS,
My ETH transactions are stuck( my fault ).. I sent my eth to iconomi.net instead of ico.iconomi.net. Now because of the 100,000 gas fee i cannot send my ETH from the iconomi.net eth address to the ico.iconomi.net. my username is the same for both as my username here on btc talk. I need help getting it back to the ico eth wallet. I might be asking a bit much but i thought you guys could help me. Embarrassed

Hi. I'm here to help always.

I can see your transactions.

Your transaction run out of gas. Not a problem at all. Can you please write me to support *at* iconomi.net

ICONOMI

full member

Activity: 210

Merit: 100

Quote from: ttookk on August 25, 2016, 07:49:12 AM

Quote from: ICONOMI on August 25, 2016, 07:47:30 AM

Quote from: Febo on August 25, 2016, 07:36:44 AM

Quote from: ttookk on August 25, 2016, 07:30:44 AM

Is there an option to cash out? I mean, since the value of an ICN token is determined by the funds backing it, can I decide to "burn" my tokens in exchange for the money backing them (so basically like the DAO did)?
Obviously, I could sell them on the market and I'd expect the market price to be higher than the "cash-out" price anyway, but conceptually, it would make sense to have that option (even if it's bound to a waiting period or you can only cash out at certain times or something like that).

From FAQ

19. How and when will I be able to leave the ICONOMI funds?
You will be able to exit the investment funds at any time, 24/7, either by withdrawing your funds to a bank account or at an ATM with the ICONOMI debit card. You will also be able to sell tokens of CTF funds at exchanges that will list ICONOMI investment funds.

That is correct. However, this is valid for ICONOMI funds and not for "ICN tokens to be" during ICO.

ICOs have no option to withdraw funds during ongoing ICO.

Ok, got it. I didn't mean during ICO, but afterwards. Sorry for not reading the FAQ Tongue

No worries about that

After ICO we shall issue ICN tokens fairly quickly and then you'll be able to transfer ICN to exchanges and sell them. Or you will simply change your mind and will wanna hold them.

drnash85

sr. member

Activity: 318

Merit: 250

DEAR DEVS,
My ETH transactions are stuck( my fault ).. I sent my eth to iconomi.net instead of ico.iconomi.net. Now because of the 100,000 gas fee i cannot send my ETH from the iconomi.net eth address to the ico.iconomi.net. my username is the same for both as my username here on btc talk. I need help getting it back to the ico eth wallet. I might be asking a bit much but i thought you guys could help me. Embarrassed

ttookk

hero member

Activity: 994

Merit: 513

Quote from: ICONOMI on August 25, 2016, 07:47:30 AM

Quote from: Febo on August 25, 2016, 07:36:44 AM

Quote from: ttookk on August 25, 2016, 07:30:44 AM

Is there an option to cash out? I mean, since the value of an ICN token is determined by the funds backing it, can I decide to "burn" my tokens in exchange for the money backing them (so basically like the DAO did)?
Obviously, I could sell them on the market and I'd expect the market price to be higher than the "cash-out" price anyway, but conceptually, it would make sense to have that option (even if it's bound to a waiting period or you can only cash out at certain times or something like that).

From FAQ

19. How and when will I be able to leave the ICONOMI funds?
You will be able to exit the investment funds at any time, 24/7, either by withdrawing your funds to a bank account or at an ATM with the ICONOMI debit card. You will also be able to sell tokens of CTF funds at exchanges that will list ICONOMI investment funds.

That is correct. However, this is valid for ICONOMI funds and not for "ICN tokens to be" during ICO.

ICOs have no option to withdraw funds during ongoing ICO.

Ok, got it. I didn't mean during ICO, but afterwards. Sorry for not reading the FAQ Tongue

ICONOMI

full member

Activity: 210

Merit: 100

Quote from: Febo on August 25, 2016, 07:36:44 AM

Quote from: ttookk on August 25, 2016, 07:30:44 AM

Is there an option to cash out? I mean, since the value of an ICN token is determined by the funds backing it, can I decide to "burn" my tokens in exchange for the money backing them (so basically like the DAO did)?
Obviously, I could sell them on the market and I'd expect the market price to be higher than the "cash-out" price anyway, but conceptually, it would make sense to have that option (even if it's bound to a waiting period or you can only cash out at certain times or something like that).

From FAQ

19. How and when will I be able to leave the ICONOMI funds?
You will be able to exit the investment funds at any time, 24/7, either by withdrawing your funds to a bank account or at an ATM with the ICONOMI debit card. You will also be able to sell tokens of CTF funds at exchanges that will list ICONOMI investment funds.

That is correct. However, this is valid for ICONOMI funds and not for "ICN tokens to be" during ICO.

ICOs have no option to withdraw funds during ongoing ICO.

Digitalbitcoin

hero member

Activity: 1568

Merit: 502

Quote from: Isolani159 on August 25, 2016, 06:55:56 AM

2% of total ICN for bounties is rather big in a more than 2000btc expected ICO. That means more than 40btc for Bounties. That's so great to follow.

Yes already https://bitcointalksearch.org/topic/ann-iconomi-fund-management-platform-1587736 posted about bounties distributed to participants. Well who want to go with sig can go https://bitcointalksearch.org/topic/iconomi-signature-campaignclosed-for-new-entrants-1587823 with more actvities there are more chances to higher rewards stake.

Labumi

hero member

Activity: 756

Merit: 500

Quote from: Sharma on August 25, 2016, 03:50:24 AM

Finally the day has come Cheesy

.Btw I subscribed to email to get notification when ICO opens but didn't get any email.Is it just me or nobody got it?

Yeah, this is a pretty good time for me and also a means to ICONOMI. Now that ICONOMI is already open beta and providing services. I do not know this, but I think it's just a few things that haven't been done to notify you ICONOMI into an email

ICONOMI

full member

Activity: 210

Merit: 100

Quote from: ttookk on August 25, 2016, 07:30:44 AM

Is there an option to cash out? I mean, since the value of an ICN token is determined by the funds backing it, can I decide to "burn" my tokens in exchange for the money backing them (so basically like the DAO did)?
Obviously, I could sell them on the market and I'd expect the market price to be higher than the "cash-out" price anyway, but conceptually, it would make sense to have that option (even if it's bound to a waiting period or you can only cash out at certain times or something like that).

There is not and there will not be option for that. It would not be fair for those joining later if someone with +15% bonus wold be able to cashout later at anytime.

If you are affraid that too much money will be invested I would suggest you to wait till last week where you will get clear picture of the size of investment.

Febo

legendary

Activity: 2744

Merit: 1288

Quote from: ttookk on August 25, 2016, 07:30:44 AM

Is there an option to cash out? I mean, since the value of an ICN token is determined by the funds backing it, can I decide to "burn" my tokens in exchange for the money backing them (so basically like the DAO did)?
Obviously, I could sell them on the market and I'd expect the market price to be higher than the "cash-out" price anyway, but conceptually, it would make sense to have that option (even if it's bound to a waiting period or you can only cash out at certain times or something like that).

From FAQ

19. How and when will I be able to leave the ICONOMI funds?
You will be able to exit the investment funds at any time, 24/7, either by withdrawing your funds to a bank account or at an ATM with the ICONOMI debit card. You will also be able to sell tokens of CTF funds at exchanges that will list ICONOMI investment funds.

ttookk

hero member

Activity: 994

Merit: 513

Is there an option to cash out? I mean, since the value of an ICN token is determined by the funds backing it, can I decide to "burn" my tokens in exchange for the money backing them (so basically like the DAO did)?
Obviously, I could sell them on the market and I'd expect the market price to be higher than the "cash-out" price anyway, but conceptually, it would make sense to have that option (even if it's bound to a waiting period or you can only cash out at certain times or something like that).

ICONOMI

full member

Activity: 210

Merit: 100

Quote from: tetra on August 25, 2016, 07:02:25 AM

Quote from: ICONOMI on August 25, 2016, 05:59:44 AM

Quote from: Sharma on August 25, 2016, 05:52:50 AM

Quote from: ICONOMI on August 25, 2016, 05:06:09 AM

Quote from: ImHash on August 25, 2016, 04:25:35 AM

Guys I'm still a little bit confused as what is iconomi exactly? I mean what can we do with it as a normal person and not a gig/nerd/expert.?
I understand that there will be tokens as coins to trade in exchanges but what does the iconomi it self does if I wanted to do what should I come to you?

For a normal person that wants to invest into crypto easily. We'll create fund management platform which will invest into different app tokens on your behalf. And you'll invest with fiat money.

Does it means investors will get dividends for their investment like shareholders gets for their stocks? How it would be different than investing bitcoin directly in such app tokens?

ICONOMI investors will get dividends yes. They will be paid out of profits made on our fund management platform.

But if you only invest into other tokens. Like if you invest into Augur, you don't get dividends. Actually, you don't get dividends with no other token.

How many times a year will they be paid?

Most likely dividends will be weekly.

axlroses

hero member

Activity: 672

Merit: 500

newsletter subscribers bounty is closed?

Topic: [ANN] ICONOMI - Fund Management Platform - page 1157. (Read 1253961 times)