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
That says they won't participate in profit sharing as long as there are ICO funds remaining.
The wording is ambiguous, but the least favourable interpretation seems to be "there won't be any dividends until the ICO fund runs out". I.e. no profits will be shared until that time.
Can you clear that up at all? How are you reading it?
I don't see anything ambiguous about " 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"
Profit sharing=dividends
I don't know why we have so much discussion around dividends. There is still time for that.
My point is that it says they will NOT share profits as long as Iconomi have enough funds from ICO money for daily operations, but you seem to be reading it differently.
If they say they will NOT do something, why are you reading it as the opposite?
It doesn't say "as long as Iconomi have enough funds from ICO money for daily operations, all fees will go to ICN holders", which is what you said.
I am asking you to clarify your interpretation for me.
I will try one more time..
I don't know where you take your point
Quote
it says they will NOT share profits as long as Iconomi have enough funds
It is clearly stated in FAQ "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" How is that different than "as long as Iconomi have enough funds from ICO money for daily operations, all fees will go to ICN holders"?
It's different because they say they will NOT be doing the thing which you said they WILL be doing.
If I said I will not be giving you an ice cream, would you read that as "Mendeleev said he's giving me an ice cream"?
I am open to having it explained better, but so far you are just repeating the same words without explanation.
How do you read "we will not participate in profit sharing" as "all fees go to ICN holders"?
Are you reading it as them saying they will personally not take a profit? Which could be one definition of "participate" (hence the ambiguity I mentioned)
I don't mean to frustrate you. If you can't explain your interpretation any better, I may ask one of the team to clarify at a later date.
It was just one quote from the FAQ. If you go through the rest of the dividends related questions there you will see that:
1. So basically, dividends are the total income subtracted for operating costs, salaries and potential bonuses?
Yes.
2. ICN token holders receive everything, after the operational costs of the service operator have been subtracted
Hope it is clear now. You can always post on reddit if you want to get official answer.
