Great cant wait to see what ICN will do in 2017 so far so good. I have small amt probably gonna try and buy more now before its too expensive. Good coin!!
Topic: [ANN] ICONOMI - Fund Management Platform - page 284. (Read 1253961 times)
Great cant wait to see what ICN will do in 2017 so far so good. I have small amt probably gonna try and buy more now before its too expensive. Good coin!!Hey there,
I can recall some time ago there was posted a recipe of how to securely store ICN tokens offline with some kind of wallet. Was it myetherwallet? I think it was posted by Mal. However, after digging through the last 30 pages I kindly ask the community, if they can provide the link to that former post.
Thanks a lot!
I can recall some time ago there was posted a recipe of how to securely store ICN tokens offline with some kind of wallet. Was it myetherwallet? I think it was posted by Mal. However, after digging through the last 30 pages I kindly ask the community, if they can provide the link to that former post.
Thanks a lot!
you need to have private key on myetherwallet to get dividends or use liqui exchange which (as they stated) will also share the ICN dividends, but as for KRAKEN there is no information on that yet (so far Kraken will not share any ICN dividends) ...
Great cant wait to see what ICN will do in 2017 so far so good. I have small amt probably gonna try and buy more now before its too expensive. Good coin!!why do you have a donation address as your signature?
Great cant wait to see what ICN will do in 2017 so far so good. I have small amt probably gonna try and buy more now before its too expensive. Good coin!! 
Should the Mods of r/EthTrader add ICN to the sliding price ticker?
Add your support for ICN ticker here:
https://www.reddit.com/r/ethtrader/comments/5iwyhs/please_add_iconomi_ticker_icn_to_the_sliding/
After all ICN is using eth network and are going to help its rise later.
That will add plenty of legitimacy to ICONOMI within ETH community.
10 days to ICNX launch, it will be good to come with Poloniex announcement, that will be New year gift from ICONOMI. i expect a move toward 40Ksat in coming days
Nice 50k buy
Oh noo!
I think the price at 50k satoshi
Nice 50k buy
Still only kraken
Why not added on bittrex or poloniex?
Why not added on bittrex or poloniex?
It was added already on them on Nov 31th with special invitation, i dont know how you missed it...
A lot of people have been asking about the exchanges issue. But, wouldn´t it be logical that the reason they are only using Kraken is because they want to attract people on the new Iconomi platform to purchase ICN?
Could this be possible?
Could this be possible?
They confirmed on Reddit that people can buy ICN with USD & EUR on ICONOMI platform this Q1 of 2017.
Chasila is already licensed & registered at Small Payment Institution so they are already set up to do that.
When people start buying ICN with Fiat on ICONOMI platform, we will be on our way to the Mars & beyond
A lot of people have been asking about the exchanges issue. But, wouldn´t it be logical that the reason they are only using Kraken is because they want to attract people on the new Iconomi platform to purchase ICN?
Could this be possible?
imo yes and no.Could this be possible?
i agree that would "force" people to use iconomi platform, but that isn't a good way to make things. More exchanges bring more volume, more visibility and with that more sells/higher price.
to me, the reason they aren't looking for poloniex is that brings more volatility too, and to a token, stability is the key. and again, that's just my opinion.
A lot of people have been asking about the exchanges issue. But, wouldn´t it be logical that the reason they are only using Kraken is because they want to attract people on the new Iconomi platform to purchase ICN?
Could this be possible?
Could this be possible?
So what is this FAQ phrase referring to?
"...will not participate in profit sharing as long as there are ICO funds left over...."
"...will not participate in profit sharing as long as there are ICO funds left over...."
I understand it as participate in the profits for operational costs (from the beginning of the sentence):
"We will be using the capital raised during the ICO for coverage of operational costs and will not participate in profit sharing"
profit sharing as deducting profits for operational costs.
That's how I understand it, and yes, it can be written more clear
Ah ha!
I was thinking too laterally... https://en.wikipedia.org/wiki/Profit_sharing
They will not participate in "profit sharing" as literally defined at the above link (?)
So basically they consider ICO money to be our money, and won't take a profit while we are technically covering the operational costs.
Another point - are they saying that as long as there are ICO funds remaining, that fees will INITIALLY be split only among the original 85M ICO tokens bought by non devs, AND ONLY LATER split among all 100M ICN tokens (and thus, the devs) only when ICO funds run out?
$6M of ICO funds for ICONOMI ops will last a long time, but if they leave lots of ICNP profit locked up for long periods of time before cashout, they could possible have a real cash flow problem once they depend only on the OPM fee dividends from 15M ICN for ICONOMI operating expenses.
I would hate to see a need for cash flow become a consideration for when ICONOMI does an ICNP profit cashout....
$6M of ICO funds for ICONOMI ops will last a long time, but if they leave lots of ICNP profit locked up for long periods of time before cashout, they could possible have a real cash flow problem once they depend only on the OPM fee dividends from 15M ICN for ICONOMI operating expenses.
I would hate to see a need for cash flow become a consideration for when ICONOMI does an ICNP profit cashout....
Indeed. A few things are unclear. I'm sure they will explain in time, though.
Remember 2 million ICN went to bounties though. The split is 87/13, not 85/15, so they have 13M for devs, not 15M.
My post with reply to Mal got messed up, I will try again.
From how I understand it:
Dividends will always be paid to all share holders, menaing to all 100M ICN tokens.
from FAQ:
Quote
ICN tokens will receive weekly dividends in the form of ETH from all ICONOMI revenue streams
I am not sure (no big corp-fin expert), isn't it always like that? I mean, if there are only "Series A" stocks, the company has to pay equally to all shareholders.The ICO deal was 15% "penalty" to all investments, not including early stage bonus (1st week no penalty, 2nd week 5% penalty, 3th week 10% penalty).
As for cash management. Iconomi have ~6M usd to burn on operational cost for now and ~80% of ICNP fund profits. Assuming the ICO funds will be enough for 2 years, and assuming that ICNP fund will be managed adequate or better - I don't see much of a cash flow issue in the near future.
Even for 50% annual profits for ICNP fund, it means 1.8M usd profit back to Iconomi, which should be enough for operational cost (assuming the big legal cost chunk was already paid from ICO money)
So what is this FAQ phrase referring to?
"...will not participate in profit sharing as long as there are ICO funds left over...."
I understand it as participate in the profits for operational costs (from the beginning of the sentence):
"We will be using the capital raised during the ICO for coverage of operational costs and will not participate in profit sharing"
profit sharing as deducting profits for operational costs.
That's how I understand it, and yes, it can be written more clear
Another point - are they saying that as long as there are ICO funds remaining, that fees will INITIALLY be split only among the original 85M ICO tokens bought by non devs, AND ONLY LATER split among all 100M ICN tokens (and thus, the devs) only when ICO funds run out?
$6M of ICO funds for ICONOMI ops will last a long time, but if they leave lots of ICNP profit locked up for long periods of time before cashout, they could possible have a real cash flow problem once they depend only on the OPM fee dividends from 15M ICN for ICONOMI operating expenses.
I would hate to see a need for cash flow become a consideration for when ICONOMI does an ICNP profit cashout....
$6M of ICO funds for ICONOMI ops will last a long time, but if they leave lots of ICNP profit locked up for long periods of time before cashout, they could possible have a real cash flow problem once they depend only on the OPM fee dividends from 15M ICN for ICONOMI operating expenses.
I would hate to see a need for cash flow become a consideration for when ICONOMI does an ICNP profit cashout....
Indeed. A few things are unclear. I'm sure they will explain in time, though.
Remember 2 million ICN went to bounties though. The split is 87/13, not 85/15, so they have 13M for devs, not 15M.
My post with reply to Mal got messed up, I will try again.
From how I understand it:
Dividends will always be paid to all share holders, menaing to all 100M ICN tokens.
from FAQ:
Quote
ICN tokens will receive weekly dividends in the form of ETH from all ICONOMI revenue streams
I am not sure (no big corp-fin expert), isn't it always like that? I mean, if there are only "Series A" stocks, the company has to pay equally to all shareholders.The ICO deal was 15% "penalty" to all investments, not including early stage bonus (1st week no penalty, 2nd week 5% penalty, 3th week 10% penalty).
As for cash management. Iconomi have ~6M usd to burn on operational cost for now and ~80% of ICNP fund profits. Assuming the ICO funds will be enough for 2 years, and assuming that ICNP fund will be managed adequate or better - I don't see much of a cash flow issue in the near future.
Even for 50% annual profits for ICNP fund, it means 1.8M usd profit back to Iconomi, which should be enough for operational cost (assuming the big legal cost chunk was already paid from ICO money)
So what is this FAQ phrase referring to?
"...will not participate in profit sharing as long as there are ICO funds left over...."
Another point - are they saying that as long as there are ICO funds remaining, that fees will INITIALLY be split only among the original 85M ICO tokens bought by non devs, AND ONLY LATER split among all 100M ICN tokens (and thus, the devs) only when ICO funds run out?
$6M of ICO funds for ICONOMI ops will last a long time, but if they leave lots of ICNP profit locked up for long periods of time before cashout, they could possible have a real cash flow problem once they depend only on the OPM fee dividends from 15M ICN for ICONOMI operating expenses.
I would hate to see a need for cash flow become a consideration for when ICONOMI does an ICNP profit cashout....
$6M of ICO funds for ICONOMI ops will last a long time, but if they leave lots of ICNP profit locked up for long periods of time before cashout, they could possible have a real cash flow problem once they depend only on the OPM fee dividends from 15M ICN for ICONOMI operating expenses.
I would hate to see a need for cash flow become a consideration for when ICONOMI does an ICNP profit cashout....
Indeed. A few things are unclear. I'm sure they will explain in time, though.
Remember 2 million ICN went to bounties though. The split is 87/13, not 85/15, so they have 13M for devs, not 15M.
My post with reply to Mal got messed up, I will try again.
From how I understand it:
Dividends will always be paid to all share holders, menaing to all 100M ICN tokens.
from FAQ:
Quote
ICN tokens will receive weekly dividends in the form of ETH from all ICONOMI revenue streams
I am not sure (no big corp-fin expert), isn't it always like that? I mean, if there are only "Series A" stocks, the company has to pay equally to all shareholders.The ICO deal was 15% "penalty" to all investments, not including early stage bonus (1st week no penalty, 2nd week 5% penalty, 3th week 10% penalty).
As for cash management. Iconomi have ~6M usd to burn on operational cost for now and ~80% of ICNP fund profits. Assuming the ICO funds will be enough for 2 years, and assuming that ICNP fund will be managed adequate or better - I don't see much of a cash flow issue in the near future.
Even for 50% annual profits for ICNP fund, it means 1.8M usd profit back to Iconomi, which should be enough for operational cost (assuming the big legal cost chunk was already paid from ICO money)
It was stated that as long as Iconomi have enough funds from ICO money for daily operations, all fees will go to ICN holders.
Once they will burn ICO money, profits will first be used for operational costs and the rest will be paid as dividends.
Since ~80% of ICNP profits go back to Iconomi, I don't expect Iconomi to be short for operational funds any time soon
Once they will burn ICO money, profits will first be used for operational costs and the rest will be paid as dividends.
Since ~80% of ICNP profits go back to Iconomi, I don't expect Iconomi to be short for operational funds any time soon
I missed this. Link?
"How much is distributed as dividends to ICN token holders?
ICN token holders receive everything, after the operational costs of the service operator have been subtracted. Please note that we will be using the capital raised during the ICO for coverage of operational costs and will not participate in profit sharing as long as there are ICO funds left over."
https://ico.iconomi.net/faq
Will the dividends get distributed among 87 million ICN or 100 million ICN?
Also, is the ICNX model final now? (Only 10 days left)
Kraken is back online!
Not much ICN left under 0.00030 tho...
Looks like we're heading to 0.0040 soon.
still 38 BTC left till 30kNot much ICN left under 0.00030 tho...
Looks like we're heading to 0.0040 soon.
are you sure it will pass 0.00040 at the end of this month?
highest bid today is 0.000282
lot off pressure by sell order while bitcoin value keep upwards
The sell pressure is there mainly because most new buyers don't have an ETH wallet to withdraw their ICN to and ICONOMI.net wallet still doesn't accept ICN deposits.
All that will change on December 28th when people withdraw ICN from Kraken to their wallets on Iconomi.net so they can earn the weekly Dividends, especially since Kraken didn't announce any plans to distribute Dividends to ICN holders.
ICN will be so scarce on Kraken that we could see 0.00100 reached within few days.
Another point - are they saying that as long as there are ICO funds remaining, that fees will INITIALLY be split only among the original 85M ICO tokens bought by non devs, AND ONLY LATER split among all 100M ICN tokens (and thus, the devs) only when ICO funds run out?
$6M of ICO funds for ICONOMI ops will last a long time, but if they leave lots of ICNP profit locked up for long periods of time before cashout, they could possible have a real cash flow problem once they depend only on the OPM fee dividends from 15M ICN for ICONOMI operating expenses.
I would hate to see a need for cash flow become a consideration for when ICONOMI does an ICNP profit cashout....
$6M of ICO funds for ICONOMI ops will last a long time, but if they leave lots of ICNP profit locked up for long periods of time before cashout, they could possible have a real cash flow problem once they depend only on the OPM fee dividends from 15M ICN for ICONOMI operating expenses.
I would hate to see a need for cash flow become a consideration for when ICONOMI does an ICNP profit cashout....
Indeed. A few things are unclear. I'm sure they will explain in time, though.
Remember 2 million ICN went to bounties though. The split is 87/13, not 85/15, so they have 13M for devs, not 15M.
Another point - are they saying that as long as there are ICO funds remaining, that fees will INITIALLY be split only among the original 85M ICO tokens bought by non devs, AND ONLY LATER split among all 100M ICN tokens (and thus, the devs) only when ICO funds run out?
$6M of ICO funds for ICONOMI ops will last a long time, but if they leave lots of ICNP profit locked up for long periods of time before cashout, they could possible have a real cash flow problem once they depend only on the OPM fee dividends from 15M ICN for ICONOMI operating expenses.
I would hate to see a need for cash flow become a consideration for when ICONOMI does an ICNP profit cashout....
$6M of ICO funds for ICONOMI ops will last a long time, but if they leave lots of ICNP profit locked up for long periods of time before cashout, they could possible have a real cash flow problem once they depend only on the OPM fee dividends from 15M ICN for ICONOMI operating expenses.
I would hate to see a need for cash flow become a consideration for when ICONOMI does an ICNP profit cashout....
Indeed. A few things are unclear. I'm sure they will explain in time, though.
Remember 2 million ICN went to bounties though. The split is 87/13, not 85/15, so they have 13M for devs, not 15M.
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