[ANN] ICONOMI - Fund Management Platform - page 286.

Mendeleev

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Quote from: Daparski on December 18, 2016, 08:18:33 AM

Quote from: MalReynolds on December 18, 2016, 08:15:01 AM

Quote from: Daparski on December 18, 2016, 08:12:07 AM

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

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?

potatos55

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Quote from: kurniajim on December 18, 2016, 08:55:12 AM

Still only kraken
Why not added on bittrex or poloniex?

tomorrow will added w8

Daparski

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ICNX shows good strength.
I am sure that 38% since inception and 7.11% monthly will be very appealing to traditional investors.

kurniajim

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Decentralised Amazon & ICO Hub

Still only kraken
Why not added on bittrex or poloniex?

Daparski

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Merit: 250

Quote from: MalReynolds on December 18, 2016, 08:42:31 AM

I honestly don't understand why there is not zero liquidity at Kraken. You have to be a complete idiot to sell any ICN you currently have.

people that are currently selling are either not familiar with the project (another ICO to flip on with some profit) or they are trading the dips
Or like you said

B!gSmoke

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Respect has to be earned, just like money!

Quote from: Daparski on December 18, 2016, 08:31:24 AM

Quote from: MalReynolds on December 18, 2016, 08:27:29 AM

Quote from: Daparski on December 18, 2016, 08:18:33 AM

Quote from: MalReynolds on December 18, 2016, 08:15:01 AM

Quote from: Daparski on December 18, 2016, 08:12:07 AM

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

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

Wow. I keep learning. First ICN price will go up like a rocket based on unrealized, undistributed profits from ICNX / ICNP, and now effectively 100% distribution of OFM fees as dividends until ICO funds run out.

I'll edit my post above.

Mind blown. Hodl ^ 2.

Hodl ^ 4

Hodl ^ 5

We can expect a great year 2017 for ICN hodlers Cheesy

I'm so excited.

I wish I could get more ICN before 28th but I'm already all in. Undecided

Quote from: MalReynolds on December 18, 2016, 08:42:31 AM

I honestly don't understand why there is not zero liquidity at Kraken. You have to be a complete idiot to sell any ICN you currently have.

Daytraders.

MalReynolds

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I honestly don't understand why there is not zero liquidity at Kraken. You have to be a complete idiot to sell any ICN you currently have.

Daparski

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Quote from: MalReynolds on December 18, 2016, 08:27:29 AM

Quote from: Daparski on December 18, 2016, 08:18:33 AM

Quote from: MalReynolds on December 18, 2016, 08:15:01 AM

Quote from: Daparski on December 18, 2016, 08:12:07 AM

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

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

Wow. I keep learning. First ICN price will go up like a rocket based on unrealized, undistributed profits from ICNX / ICNP, and now effectively 100% distribution of OFM fees as dividends until ICO funds run out.

I'll edit my post above.

Mind blown. Hodl ^ 2.

Hodl ^ 4

MalReynolds

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Quote from: Daparski on December 18, 2016, 08:18:33 AM

Quote from: MalReynolds on December 18, 2016, 08:15:01 AM

Quote from: Daparski on December 18, 2016, 08:12:07 AM

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

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

Wow. I keep learning. First ICN price will go up like a rocket based on unrealized, undistributed profits from ICNX / ICNP, and now effectively 100% distribution of OFM fees as dividends until ICO funds run out.

I'll edit my post above.

Mind blown. Hodl ^ 2.

Daparski

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Activity: 504

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Quote from: MalReynolds on December 18, 2016, 08:15:01 AM

Quote from: Daparski on December 18, 2016, 08:12:07 AM

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

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

MalReynolds

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Quote from: Daparski on December 18, 2016, 08:12:07 AM

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

I missed this. The word "fees" is mentioned exactly once in the Whitepaper, and not in this context. Link?

Daparski

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Quote from: MalReynolds on December 18, 2016, 07:35:45 AM

Quote from: MoveCrypto on December 17, 2016, 01:13:59 PM

I don't expect dividends to be significant until OFM platform is launched and starts generating fees.

Estimated Weekly revenue of trading platforms (24 hour volume × trading fee × 7 days):
Bittrex: (0.25% fee): $12k
Bitstamp: (0.20% fee): $35k
Poloniex: (0.35% fee): $203k

Optimistic scenario is OFM platform starts generating as much revenue as Poloniex. Then 1k ICN would rake in a massive $2.03 per week in dividends.

Very interesting analysis, but I think you have an error in your calculation here. It appears you are assuming all fees gathered by ICONOMI go to dividends. I don't believe the dividend rate has been officially set but it is usually discussed as being 20%, which means 80% of fees earned would be retained by ICONOMI for future operations and growth.

So if OFM gets as big as Poloniex and if ICN sets a 20% dividend rate on profits, your "massive" $2.03 per 1K ICN has to be divided by 5 to become a still quite respectable $0.406 per 1K ICN, or $21.11 per year. For a $0.1257 * 1000 = $125.70 ICO investment, your OFM=Poloniex scenario would be a great ongoing return on tokens you continue to hold which would become worth A LOT more than you originally paid for them - whether or not you bought them originally at ICO, or buy them on the cheap at Kraken NOW.

Oh, and your analysis doesn't include any additional dividends on profits generated by ICNX or ICNP. So there's THAT.

ICONOMI. So many ways to make money. Hodl.

I think you are wrong about the dividends. 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

Edit: The more I think about it, the more I love their business model. Very well planned.
As for ICN value - 75% up before first access, with BTC rally in the last 2 months says a lot.

pind919

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Quote from: MalReynolds on December 18, 2016, 07:35:45 AM

Quote from: MoveCrypto on December 17, 2016, 01:13:59 PM

I don't expect dividends to be significant until OFM platform is launched and starts generating fees.

Estimated Weekly revenue of trading platforms (24 hour volume × trading fee × 7 days):
Bittrex: (0.25% fee): $12k
Bitstamp: (0.20% fee): $35k
Poloniex: (0.35% fee): $203k

Optimistic scenario is OFM platform starts generating as much revenue as Poloniex. Then 1k ICN would rake in a massive $2.03 per week in dividends.

Very interesting analysis, but I think you have an error in your calculation here. It appears you are assuming all fees gathered by ICONOMI go to dividends. I don't believe the dividend rate has been officially set but it is usually discussed as being 20%, which means 80% of fees earned would be retained by ICONOMI for future operations and growth.

So if OFM gets as big as Poloniex and if ICN sets a 20% dividend rate on profits, your "massive" $2.03 per 1K ICN has to be divided by 5 to become a still quite respectable $0.406 per 1K ICN, or $21.11 per year. For a $0.1257 * 1000 = $125.70 ICO investment, your OFM=Poloniex scenario would be a great ongoing return on tokens you continue to hold which would become worth A LOT more than you originally paid for them - whether or not you bought them originally at ICO, or buy them on the cheap at Kraken NOW.

Oh, and your analysis doesn't include any additional dividends on profits generated by ICNX or ICNP. So there's THAT.

ICONOMI. So many ways to make money. Hodl.

Thank you for more accurate and detail-ed information, i have been sure that i saw a 20% rate for dividends as well ...

MalReynolds

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Quote from: puremage111 on December 18, 2016, 07:04:58 AM

is the Dividends start paying on 28/12?

Or the project start to launch and by weekly dividends, do they mean every week? Or Bi week?

Thanks!

On December 28 ICONOMI launches the OFM trading platform and the ICNX fund. OFM will then have to generate fees and the ICNX fund will have to generate profits to create a dividend pool. Also, the already-operating ICNP fund also needs time to generate profits. Generating these fees and profits will take weeks or maybe months to happen after the December 28 milestone. Once fees and profits begin to flow routinely to the dividend pool, those dividends will be disbursed to ICN holders on a weekly basis.

And remember, ICN is a zero-inflation token and not a mined inflationary coin. There's only 100M ICN tokens, ever, that will be paying dividends. ICN price has gone from $0.1257 USD per ICN at launch on Sept 29 to $0.2188 today - an appreciation in value of 75% in less than 90 days. Get your ICN now at Kraken while they are still cheap.

shinratensei_

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Leading Crypto Sports Betting & Casino Platform

Quote from: klidex on December 18, 2016, 06:07:46 AM

Quote from: 5thangel on December 18, 2016, 05:50:10 AM

Quote from: LeonardoDaVinci on December 18, 2016, 05:47:13 AM

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 30k

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

Yes, i sure, and what's wrong with someone's dream?

I know about that pressure but seems like everything can happen if the platform was launching soon. keep being optimism with this coin.

MalReynolds

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Quote from: MoveCrypto on December 17, 2016, 01:13:59 PM

I don't expect dividends to be significant until OFM platform is launched and starts generating fees.

Estimated Weekly revenue of trading platforms (24 hour volume × trading fee × 7 days):
Bittrex: (0.25% fee): $12k
Bitstamp: (0.20% fee): $35k
Poloniex: (0.35% fee): $203k

Optimistic scenario is OFM platform starts generating as much revenue as Poloniex. Then 1k ICN would rake in a massive $2.03 per week in dividends.

So if OFM gets as big as Poloniex, your "massive" $2.03 per 1K ICN is $105.56 per year. For a $0.1257 * 1000 = $125.70 ICO investment, your OFM=Poloniex scenario would be a fantastic ongoing annual return on tokens you continue to hold which would become worth A LOT more than you originally paid for them - whether or not you bought them originally at ICO, or buy them on the cheap at Kraken NOW.

Oh, and your analysis doesn't include any additional dividends on profits generated by ICNX or ICNP. So there's THAT.

ICONOMI. So many ways to make money. Hodl.

B!gSmoke

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Respect has to be earned, just like money!

Quote from: Wall-Street on December 18, 2016, 06:20:38 AM

Quote from: klidex on December 18, 2016, 06:07:46 AM

Quote from: 5thangel on December 18, 2016, 05:50:10 AM

Quote from: LeonardoDaVinci on December 18, 2016, 05:47:13 AM

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 30k

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.

What does this have to do with the sell pressure? When your icn are on kraken, doesn't that mean you automatically set up a sell order. All my icn I hold don't apply there because I didn't set up a sell order.

So I can't understand what you are trying to say.

Quote from: puremage111 on December 18, 2016, 07:04:58 AM

is the Dividends start paying on 28/12?

Or the project start to launch and by weekly dividends, do they mean every week? Or Bi week?

Thanks!

This was asked about a 1000 times now, please do some research by yourself.

puremage111

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is the Dividends start paying on 28/12?

Or the project start to launch and by weekly dividends, do they mean every week? Or Bi week?

Thanks!

zahra4577

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Quote from: Daparski on December 18, 2016, 06:35:31 AM

Quote from: Wall-Street on December 18, 2016, 06:20:38 AM

Quote from: klidex on December 18, 2016, 06:07:46 AM

Quote from: 5thangel on December 18, 2016, 05:50:10 AM

Quote from: LeonardoDaVinci on December 18, 2016, 05:47:13 AM

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 30k

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.

ICN deposits on Iconomi site won't be available on 28th. It was stated few times on Reddit

Does it mean we have to move our ICN to icn wallet from ICO dashboard before 28th of December? I am sorry if i missed something as I am not following them on Reddit or here but I am concerned about my ICN which I am keeping on ICO dashboard

Daparski

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Quote from: Wall-Street on December 18, 2016, 06:20:38 AM

Quote from: klidex on December 18, 2016, 06:07:46 AM

Quote from: 5thangel on December 18, 2016, 05:50:10 AM

Quote from: LeonardoDaVinci on December 18, 2016, 05:47:13 AM

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 30k

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.

ICN deposits on Iconomi site won't be available on 28th. It was stated few times on Reddit

Topic: [ANN] ICONOMI - Fund Management Platform - page 286. (Read 1253961 times)