i think Iconomi price to 27000 sat next week 
Once we break that 30k sat sell wall, we're heading straight to 100k
Topic: [ANN] ICONOMI - Fund Management Platform - page 329. (Read 1253958 times)
Once we break that 30k sat sell wall, we're heading straight to 100k
i think Iconomi price to 27000 sat next week
Can a single Fund Manager start multiple funds on OFM?
This is the norm on ZuluTrade & eTORO where a Fund Managers can have a High-Risk fund & a Low-Risk fund, etc...
This is the norm on ZuluTrade & eTORO where a Fund Managers can have a High-Risk fund & a Low-Risk fund, etc...
Of course. Welcome to the new world of liberation. In anarchy you don't ask your political masters for prmission.
2017 is the year of ICONOMI.
Weekly Dividends from EVERY fund on ICONOMI platform.
Weekly Dividends from EVERY fund on ICONOMI platform.
When ICONOMI Open Fund Management Platform launches and few hundreds of Fund Managers launch their own funds, weekly Dividends will be much more significant than Dividends form just ICNX & ICNP.
Almost every trader wants to be a Fund Manager to collect commissions on the funds they get to manage, so there will be no shortage of Fund Managers or index Funds on the OFM.
Almost every trader wants to be a Fund Manager to collect commissions on the funds they get to manage, so there will be no shortage of Fund Managers or index Funds on the OFM.
To start a different discussion, everybody should read this article. It has some significant implications about demands for cryptocurrencies among fiat investors and therefore the demand for ICONOMI services.
http://theantimedia.org/cash-no-longer-king/
http://theantimedia.org/cash-no-longer-king/
I did both of that but I didn't get a clear answer from the paper or reddit (https://www.reddit.com/r/ICONOMI/comments/5gyhkk/dividends_question/)
I'm not trying to spread FUD but that answer kind of needs to be clear for traders/investors.
the answers are clear in the FAQ and WhitePaper
So what does the FAQ and whitepaper say is the answer to my scenario I outlined to Jani below? I never found a clear answer there.
"Finally, at some time in 1Q 2017 you will make your first dividend payment to the original ICO participants who funded the ICNP original $4.6M. Say for example you invested $500K of ICNP money in the ICO of a new coin. In the week after launch, that coin doubles in price so your $500K investment is now worth $1M, giving an ICNP profit of $500K total. 20% of that $500K or $100K is the amount of profit to be distributed among the original ICO participants.
WHERE DO YOU GET THIS $100K TO DISTRIBUTE AS ETH DIVIDENDS?
Specifically, do you sell 10% of your holdings in the new coin at the end of the first week and hold on to the other 90%? Or do you get the money for dividend distribution from some other source? And if this, WHAT other source?"
Mal,
this answer is simple, I apologize if it was not addressed before.
But first, let me again say that the fees for ICNX or ICNP have not yet been confirmed, so this is just hypothetical ...
If ICNP would have 20/2 fee structure, then 20% of all REALISED PROFITS would go from ICNP to ICONOMI as fees.
But "realised profits" means that ICNP has to CLOSE its position in that "new coin" first. Only if ICNP liquidates whole $1M investment, then $100k (20% of 500k profit) go as fees to ICONOMI. And this can later be distributed as dividends to ICN token holders.
And since vast majority of ICNP's investments will be done in digital currency, so will be later liquidations... For example ICNP recently invested 5000 ETH in Golem, and I expect when this position will close, ICNP will do sell it for ETH...
Clear?
best,
Jaka
Jaka, I thank you for this answer, it helps me understand a lot.
You have been talking about weekly dividends so I thought you were going to evaluate profit for each ICNP coin position on a week-by-week basis and distribute dividends accordingly. Instead, ICNP may go for months or even years before liquidating its position in a given coin, calculating the profit ONE TIME based on that close-out sale, and THEN distributing profit dividends on the position. So there could be many weeks where no ICNP dividend is distributed because no closures of ICNP coin positions occur during that week. And so in weeks where there are no ICNP position closures, any profits / dividends would come only from ICNX or other fees. Correct?
If this is correct, it is a big deal.
Unrealized profits can grow larger and larger on ICNP investments until those investments are finally cashed out and distributed as dividends, pushing the "fundamentals" price of ICN up week after week as investment profits accumulate before cashout and distribution.
Deferred ICNP dividends should immediately show up as a rise in ICN price. Roughly speaking, future increases in ICN price should always be at least 20% of ICNP pre-cashout profits - more, maybe much more, if speculative frenzy kicks in. As the ICNP Fund grows in size, ICN price could take off like a rocket.
HODL !
I did both of that but I didn't get a clear answer from the paper or reddit (https://www.reddit.com/r/ICONOMI/comments/5gyhkk/dividends_question/)
I'm not trying to spread FUD but that answer kind of needs to be clear for traders/investors.
the answers are clear in the FAQ and WhitePaper
So what does the FAQ and whitepaper say is the answer to my scenario I outlined to Jani below? I never found a clear answer there.
"Finally, at some time in 1Q 2017 you will make your first dividend payment to the original ICO participants who funded the ICNP original $4.6M. Say for example you invested $500K of ICNP money in the ICO of a new coin. In the week after launch, that coin doubles in price so your $500K investment is now worth $1M, giving an ICNP profit of $500K total. 20% of that $500K or $100K is the amount of profit to be distributed among the original ICO participants.
WHERE DO YOU GET THIS $100K TO DISTRIBUTE AS ETH DIVIDENDS?
Specifically, do you sell 10% of your holdings in the new coin at the end of the first week and hold on to the other 90%? Or do you get the money for dividend distribution from some other source? And if this, WHAT other source?"
Mal,
this answer is simple, I apologize if it was not addressed before.
But first, let me again say that the fees for ICNX or ICNP have not yet been confirmed, so this is just hypothetical ...
If ICNP would have 20/2 fee structure, then 20% of all REALISED PROFITS would go from ICNP to ICONOMI as fees.
But "realised profits" means that ICNP has to CLOSE its position in that "new coin" first. Only if ICNP liquidates whole $1M investment, then $100k (20% of 500k profit) go as fees to ICONOMI. And this can later be distributed as dividends to ICN token holders.
And since vast majority of ICNP's investments will be done in digital currency, so will be later liquidations... For example ICNP recently invested 5000 ETH in Golem, and I expect when this position will close, ICNP will do sell it for ETH...
Clear?
best,
Jaka
Can anyone explain how dividends are made exactly?
Icojaka already wrote this few post back... i will coppy his post for you once mmre:
Regarding dividends... dividends are distribution of profits. In order to have profits, ICONOMI must first launch its products and generate revenue. By the end of this year we will launch two investment funds (ICONOMI.index and ICONOMI.performance)... This is where first fees will come from, but we expect profits to seriously ramp up later in 2017 when full OFM platform launches with many fund managers running their respective funds...
Regarding their distribution there should be no fear - we will announce the block height of distribution well in advance... So there will be plenty of time to move your ICN tokens to a wallet for which you control private key, or to an exchange that will support eth dividend redistribution... We are a long term business not pump and dump, so do not expect dividends on 1st of January or any time very soon...
Re "ICONOMI wallet"... as answered in our recent AMA (https://www.reddit.com/r/ICONOMI/comments/5ghrp5/askmeanything_icnx_and_iconomiindex_edition/) we will enable ICN deposits on our upcoming platform early next year. Investors will be able to securely store ICN tokens with us (multisig cold wallets)...
Okay so I mean the fees that are collected, do they market sell ICN then market buy ETH to distribute? Are the coins exchanges into ETH like DAO could therefore the coins are burned?
The first option would be awful for ICN traders.
Don't understand the question.
How are you obtaining the ETH that is going to pay out the dividends?
Specifically, do you plan to sell some of the coins you bought with ICNP funds once you show a profit on that coin, and then use proceeds from the profitable coin sale to fund dividends?
Can anyone explain how dividends are made exactly?
Icojaka already wrote this few post back... i will coppy his post for you once mmre:
Regarding dividends... dividends are distribution of profits. In order to have profits, ICONOMI must first launch its products and generate revenue. By the end of this year we will launch two investment funds (ICONOMI.index and ICONOMI.performance)... This is where first fees will come from, but we expect profits to seriously ramp up later in 2017 when full OFM platform launches with many fund managers running their respective funds...
Regarding their distribution there should be no fear - we will announce the block height of distribution well in advance... So there will be plenty of time to move your ICN tokens to a wallet for which you control private key, or to an exchange that will support eth dividend redistribution... We are a long term business not pump and dump, so do not expect dividends on 1st of January or any time very soon...
Re "ICONOMI wallet"... as answered in our recent AMA (https://www.reddit.com/r/ICONOMI/comments/5ghrp5/askmeanything_icnx_and_iconomiindex_edition/) we will enable ICN deposits on our upcoming platform early next year. Investors will be able to securely store ICN tokens with us (multisig cold wallets)...
Okay so I mean the fees that are collected, do they market sell ICN then market buy ETH to distribute? Are the coins exchanges into ETH like DAO could therefore the coins are burned?
The first option would be awful for ICN traders.
Don't understand the question.
How are you obtaining the ETH that is going to pay out the dividends?
Most prominent ICOs are open about their Burn rate.
Why aren't ICONOMI Devs transparent about their spending?
Aren't they supposed to release monthly expenses reports?
Why aren't ICONOMI Devs transparent about their spending?
Aren't they supposed to release monthly expenses reports?
We have promised quarterly reports, and we plan to deliver on that promise.
Roughly when do you expect the first of these reports to be published?
I wouldn't like to guess, as I don't know where you're starting the 'quarter' from. Are we talking end of March, or sooner?
ICONOMI ICO ended in the first days of October 2016. Since then team has been super busy on delivering on our product related promises, which remains a 100% focus for Q1/2017 as well. We will therefore publish our first financial report after 6 months of being in operation – in Q2 2017. Consecutive reports will be quarterly. We believe that high transparency should be the standard, so the idea is to have an independent auditing company involved.
Can anyone explain how dividends are made exactly?
Icojaka already wrote this few post back... i will coppy his post for you once mmre:
Regarding dividends... dividends are distribution of profits. In order to have profits, ICONOMI must first launch its products and generate revenue. By the end of this year we will launch two investment funds (ICONOMI.index and ICONOMI.performance)... This is where first fees will come from, but we expect profits to seriously ramp up later in 2017 when full OFM platform launches with many fund managers running their respective funds...
Regarding their distribution there should be no fear - we will announce the block height of distribution well in advance... So there will be plenty of time to move your ICN tokens to a wallet for which you control private key, or to an exchange that will support eth dividend redistribution... We are a long term business not pump and dump, so do not expect dividends on 1st of January or any time very soon...
Re "ICONOMI wallet"... as answered in our recent AMA (https://www.reddit.com/r/ICONOMI/comments/5ghrp5/askmeanything_icnx_and_iconomiindex_edition/) we will enable ICN deposits on our upcoming platform early next year. Investors will be able to securely store ICN tokens with us (multisig cold wallets)...
Okay so I mean the fees that are collected, do they market sell ICN then market buy ETH to distribute? Are the coins exchanges into ETH like DAO could therefore the coins are burned?
The first option would be awful for ICN traders.
Don't understand the question.
Okay so I mean the fees that are collected, do they market sell ICN then market buy ETH to distribute? Are the coins exchanges into ETH like DAO could therefore the coins are burned?
The first option would be awful for ICN traders.
The first option would be awful for ICN traders.
best thing is to just read the FAQ and whitepaper, then ask some specific questions on the sub reddit
I did both of that but I didn't get a clear answer from the paper or reddit (https://www.reddit.com/r/ICONOMI/comments/5gyhkk/dividends_question/)
I'm not trying to spread FUD but that answer kind of needs to be clear for traders/investors.
Profits come from fees from the Iconomi funds.
Quote
ICN tokens will receive weekly dividends in the form of ETH from all ICONOMI revenue streams. In stage 1 they will consist of management and/or performance fees from the funds managed by ICONOMI. While the performance fee is, as the name suggests, dependent on the actual performance of an individual fund, a management fee is paid to ICONOMI as long as there are assets in the fund, regardless of its performance. This is a key benefit of being an ICN token holder compared to investing directly into a certain investment fund.
They're not taking a cut off the top of the price of an ICN token, which seems to be what you're wondering.
The reason they're sent in ETH, specifically, is because your ICN exists on an Ethereum address, as part of an Ethereum contract. So the profits may come in various forms (BTC, fiat, etc.) but they're converted and distributed as ETH because that's where your ICN is, and where you hold your private keys.
That's how I understand it anyway
I did both of that but I didn't get a clear answer from the paper or reddit (https://www.reddit.com/r/ICONOMI/comments/5gyhkk/dividends_question/)
I'm not trying to spread FUD but that answer kind of needs to be clear for traders/investors.
the answers are clear in the FAQ and WhitePaper
So what does the FAQ and whitepaper say is the answer to my scenario I outlined to Jani below? I never found a clear answer there.
"Finally, at some time in 1Q 2017 you will make your first dividend payment to the original ICO participants who funded the ICNP original $4.6M. Say for example you invested $500K of ICNP money in the ICO of a new coin. In the week after launch, that coin doubles in price so your $500K investment is now worth $1M, giving an ICNP profit of $500K total. 20% of that $500K or $100K is the amount of profit to be distributed among the original ICO participants.
WHERE DO YOU GET THIS $100K TO DISTRIBUTE AS ETH DIVIDENDS?
Specifically, do you sell 10% of your holdings in the new coin at the end of the first week and hold on to the other 90%? Or do you get the money for dividend distribution from some other source? And if this, WHAT other source?"
I did both of that but I didn't get a clear answer from the paper or reddit (https://www.reddit.com/r/ICONOMI/comments/5gyhkk/dividends_question/)
I'm not trying to spread FUD but that answer kind of needs to be clear for traders/investors.
the answers are clear in the FAQ and WhitePaper
Can anyone explain how dividends are made exactly?
Icojaka already wrote this few post back... i will coppy his post for you once mmre:
Regarding dividends... dividends are distribution of profits. In order to have profits, ICONOMI must first launch its products and generate revenue. By the end of this year we will launch two investment funds (ICONOMI.index and ICONOMI.performance)... This is where first fees will come from, but we expect profits to seriously ramp up later in 2017 when full OFM platform launches with many fund managers running their respective funds...
Okay so I mean the fees that are collected, do they market sell ICN then market buy ETH to distribute? Are the coins exchanges into ETH like DAO could therefore the coins are burned? The first option would be awful for ICN traders.
best thing is to just read the FAQ and whitepaper, then ask some specific questions on the sub reddit
I did both of that but I didn't get a clear answer from the paper or reddit (https://www.reddit.com/r/ICONOMI/comments/5gyhkk/dividends_question/)
I'm not trying to spread FUD but that answer kind of needs to be clear for traders/investors.
I have tried to get specific details on this aspect of ICNP dividends over a month ago:
https://www.reddit.com/r/ICONOMI/comments/5bfdtw/icnp_questions/
"Finally, at some time in 1Q 2017 you will make your first dividend payment to the original ICO participants who funded the ICNP original $4.6M. Say for example you invested $500K of ICNP money in the ICO of a new coin. In the week after launch, that coin doubles in price so your $500K investment is now worth $1M, giving an ICNP profit of $500K total. 20% of that $500K or $100K is the amount of profit to be distributed among the original ICO participants.
WHERE DO YOU GET THIS $100K TO DISTRIBUTE AS ETH DIVIDENDS?
Specifically, do you sell 10% of your holdings in the new coin at the end of the first week and hold on to the other 90%? Or do you get the money for dividend distribution from some other source? And if this, WHAT other source?"
You can read Jani's answers at the above link. I thought his answers were a little vague. I still think this question needs to be addressed in more detail.
Can anyone explain how dividends are made exactly?
Icojaka already wrote this few post back... i will coppy his post for you once mmre:
Regarding dividends... dividends are distribution of profits. In order to have profits, ICONOMI must first launch its products and generate revenue. By the end of this year we will launch two investment funds (ICONOMI.index and ICONOMI.performance)... This is where first fees will come from, but we expect profits to seriously ramp up later in 2017 when full OFM platform launches with many fund managers running their respective funds...
Regarding their distribution there should be no fear - we will announce the block height of distribution well in advance... So there will be plenty of time to move your ICN tokens to a wallet for which you control private key, or to an exchange that will support eth dividend redistribution... We are a long term business not pump and dump, so do not expect dividends on 1st of January or any time very soon...
Re "ICONOMI wallet"... as answered in our recent AMA (https://www.reddit.com/r/ICONOMI/comments/5ghrp5/askmeanything_icnx_and_iconomiindex_edition/) we will enable ICN deposits on our upcoming platform early next year. Investors will be able to securely store ICN tokens with us (multisig cold wallets)...
Okay so I mean the fees that are collected, do they market sell ICN then market buy ETH to distribute? Are the coins exchanges into ETH like DAO could therefore the coins are burned?
The first option would be awful for ICN traders.
best thing is to just read the FAQ and whitepaper, then ask some specific questions on the sub reddit
Can anyone explain how dividends are made exactly?
Icojaka already wrote this few post back... i will coppy his post for you once mmre:
Regarding dividends... dividends are distribution of profits. In order to have profits, ICONOMI must first launch its products and generate revenue. By the end of this year we will launch two investment funds (ICONOMI.index and ICONOMI.performance)... This is where first fees will come from, but we expect profits to seriously ramp up later in 2017 when full OFM platform launches with many fund managers running their respective funds...
Regarding their distribution there should be no fear - we will announce the block height of distribution well in advance... So there will be plenty of time to move your ICN tokens to a wallet for which you control private key, or to an exchange that will support eth dividend redistribution... We are a long term business not pump and dump, so do not expect dividends on 1st of January or any time very soon...
Re "ICONOMI wallet"... as answered in our recent AMA (https://www.reddit.com/r/ICONOMI/comments/5ghrp5/askmeanything_icnx_and_iconomiindex_edition/) we will enable ICN deposits on our upcoming platform early next year. Investors will be able to securely store ICN tokens with us (multisig cold wallets)...
Okay so I mean the fees that are collected, do they market sell ICN then market buy ETH to distribute? Are the coins exchanges into ETH like DAO could therefore the coins are burned?
The first option would be awful for ICN traders.
Can anyone explain how dividends are made exactly?
Icojaka already wrote this few post back... i will coppy his post for you once mmre:
Regarding dividends... dividends are distribution of profits. In order to have profits, ICONOMI must first launch its products and generate revenue. By the end of this year we will launch two investment funds (ICONOMI.index and ICONOMI.performance)... This is where first fees will come from, but we expect profits to seriously ramp up later in 2017 when full OFM platform launches with many fund managers running their respective funds...
Regarding their distribution there should be no fear - we will announce the block height of distribution well in advance... So there will be plenty of time to move your ICN tokens to a wallet for which you control private key, or to an exchange that will support eth dividend redistribution... We are a long term business not pump and dump, so do not expect dividends on 1st of January or any time very soon...
Re "ICONOMI wallet"... as answered in our recent AMA (https://www.reddit.com/r/ICONOMI/comments/5ghrp5/askmeanything_icnx_and_iconomiindex_edition/) we will enable ICN deposits on our upcoming platform early next year. Investors will be able to securely store ICN tokens with us (multisig cold wallets)...
Can anyone explain how dividends are made exactly?
Jump to: