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Topic: [ANN] ICONOMI - Fund Management Platform - page 405. (Read 1253970 times)

hero member
Activity: 910
Merit: 508
November 23, 2016, 10:12:33 AM
You have only talked about one side of the coin. The other side being Iconomi being like other shit coin whose developers have abandoned them.

Does this look like developers that have abandoned their coin and their supporters?  

Progress is still being reported and discussed over on the ICONOMI Reddit channel:  http://www.reddit.com/r/iconomi

Maybe you can ask them yourself just what they have abandoned in their next Ask Me Anything (AMA).  Here's the link to their last AMA:

https://www.reddit.com/r/IAmA/comments/5d2efz/i_am_tim_m_zagar_cofounder_of_iconomi_fund/




you heard the newbie with the broken English, the project is dead



yes .. sell all your icn now

hero member
Activity: 798
Merit: 500
Knowledge is power
November 23, 2016, 09:36:51 AM
You have only talked about one side of the coin. The other side being Iconomi being like other shit coin whose developers have abandoned them.

Does this look like developers that have abandoned their coin and their supporters?  

Progress is still being reported and discussed over on the ICONOMI Reddit channel:  http://www.reddit.com/r/iconomi

Maybe you can ask them yourself just what they have abandoned in their next Ask Me Anything (AMA).  Here's the link to their last AMA:

https://www.reddit.com/r/IAmA/comments/5d2efz/i_am_tim_m_zagar_cofounder_of_iconomi_fund/




you heard the newbie with the broken English, the project is dead

legendary
Activity: 938
Merit: 1000
November 23, 2016, 09:05:47 AM
You have only talked about one side of the coin. The other side being Iconomi being like other shit coin whose developers have abandoned them.

Does this look like developers that have abandoned their coin and their supporters?  

Progress is still being reported and discussed over on the ICONOMI Reddit channel:  http://www.reddit.com/r/iconomi

Maybe you can ask them yourself just what they have abandoned in their next Ask Me Anything (AMA).  Here's the link to their last AMA:

https://www.reddit.com/r/IAmA/comments/5d2efz/i_am_tim_m_zagar_cofounder_of_iconomi_fund/

sr. member
Activity: 284
Merit: 250
Crypto Future here i come
November 23, 2016, 08:59:38 AM
Has there been any estimates on how the dividend payment is calculated?

None yet, other then ICN holders will split 20% of the profits from all funds.

woow, woow, hold your horses, cowboy. The only 20% profits is from ICNP. If you don't directly invest into some fund, don't expect 20% of the profits.
For the passive managed funds, such as ICNX, expect something like 2% annual.
In any case, it is better to wait for further announcements, which for sure will come before OFM goes live.

Just a reminder for people not following us from the start...
For ICONOMI.index and ICONOMI.performance funds we have not yet set fees.
So 1%, 2%, 20% and other numbers are just examples...
Expect official numbers when we officially launch the funds later this year.

Can't wait! It's just somewhere in december right? No definitive date?

December 31st at 11:59pm.
Smiley



All right, marked in the calendar 🍀🍸🎆
sr. member
Activity: 382
Merit: 250
November 23, 2016, 08:50:41 AM
I can see my future as wolf of wall street 😸

And I can see your present as a weak, useless troll.
sr. member
Activity: 336
Merit: 252
November 23, 2016, 08:47:33 AM
bla bla bla

bs bs bs

yawn yawn yawn

 Roll Eyes
member
Activity: 78
Merit: 10
November 23, 2016, 08:45:31 AM
Has there been any estimates on how the dividend payment is calculated?

None yet, other then ICN holders will split 20% of the profits from all funds.

woow, woow, hold your horses, cowboy. The only 20% profits is from ICNP. If you don't directly invest into some fund, don't expect 20% of the profits.
For the passive managed funds, such as ICNX, expect something like 2% annual.
In any case, it is better to wait for further announcements, which for sure will come before OFM goes live.

Just a reminder for people not following us from the start...
For ICONOMI.index and ICONOMI.performance funds we have not yet set fees.
So 1%, 2%, 20% and other numbers are just examples...
Expect official numbers when we officially launch the funds later this year.

Can't wait! It's just somewhere in december right? No definitive date?

December 31st at 11:59pm.
Smiley

member
Activity: 78
Merit: 10
November 23, 2016, 08:38:04 AM
Lot of great info about ICONOMI can be found on last Tuesday's AMA:
https://www.reddit.com/r/IAmA/comments/5d2efz/i_am_tim_m_zagar_cofounder_of_iconomi_fund/

Looking forward to the next AMA. It's next Tuesday, right?

We will be doing AMAs periodically, most probably in a bi-weekly format...
For the very next AMA we have not yet decided on the date, since Jani and Tim will be on business trips in the weeks ahead...
I will try to get a date confirmed, and publish is asap.
sr. member
Activity: 504
Merit: 250
November 23, 2016, 08:34:12 AM
Has there been any estimates on how the dividend payment is calculated?

None yet, other then ICN holders will split 20% of the profits from all funds.

woow, woow, hold your horses, cowboy. The only 20% profits is from ICNP. If you don't directly invest into some fund, don't expect 20% of the profits.
For the passive managed funds, such as ICNX, expect something like 2% annual.
In any case, it is better to wait for further announcements, which for sure will come before OFM goes live.

Just a reminder for people not following us from the start...
For ICONOMI.index and ICONOMI.performance funds we have not yet set fees.
So 1%, 2%, 20% and other numbers are just examples...
Expect official numbers when we officially launch the funds later this year.
So the 20% for ICNP is not a final number yet?
full member
Activity: 168
Merit: 100
ICONOMI enthousiast
November 23, 2016, 08:31:29 AM
Has there been any estimates on how the dividend payment is calculated?

None yet, other then ICN holders will split 20% of the profits from all funds.

woow, woow, hold your horses, cowboy. The only 20% profits is from ICNP. If you don't directly invest into some fund, don't expect 20% of the profits.
For the passive managed funds, such as ICNX, expect something like 2% annual.
In any case, it is better to wait for further announcements, which for sure will come before OFM goes live.

Just a reminder for people not following us from the start...
For ICONOMI.index and ICONOMI.performance funds we have not yet set fees.
So 1%, 2%, 20% and other numbers are just examples...
Expect official numbers when we officially launch the funds later this year.

Can't wait! It's just somewhere in december right? No definitive date?
member
Activity: 78
Merit: 10
November 23, 2016, 08:06:23 AM
Has there been any estimates on how the dividend payment is calculated?

None yet, other then ICN holders will split 20% of the profits from all funds.

woow, woow, hold your horses, cowboy. The only 20% profits is from ICNP. If you don't directly invest into some fund, don't expect 20% of the profits.
For the passive managed funds, such as ICNX, expect something like 2% annual.
In any case, it is better to wait for further announcements, which for sure will come before OFM goes live.

Just a reminder for people not following us from the start...
For ICONOMI.index and ICONOMI.performance funds we have not yet set fees.
So 1%, 2%, 20% and other numbers are just examples...
Expect official numbers when we officially launch the funds later this year.
sr. member
Activity: 560
Merit: 250
November 23, 2016, 07:43:17 AM
...
Kraken will receive all the juicy dividends and can buy Lambos for their whole crew. Good job son, probably you work for Kraken.

This lead me to ask a serious question now, does anyone have a clue what will happen if somebody dies? What is happening with their ICN? (Let's say they are lying on the Iconomi platform, not on an exchange or a private wallet). Did you think about that already? Is it possible to transfer these ICN to a family member if they can proof that you are dead?

That is why you should keep your ICN on your desktop ETH mist wallet and provide a backup & private keys to your loved ones.

If you keep your ICN on Kraken, they won't pass any Dividends to you, let alone your loved ones.

Quote
(Let's say they are lying on the Iconomi platform, not on an exchange or a private wallet)

I know you just want to help, but that didn't answer my questions.

In my opinion, I don't think that many of ICN holders are withdrawing their ICN to a private wallet. Because a big chunk of investors came from fiat money and aren't really familiar with myetherwallets etc. So most of the ICN will stay on the platform. Now what happens when you die and your ICN are still on the platform?

Jani can you give me an answer?

I'm not Jani but I'll like to answer this one.

Answer is very obvious.

What happens to a Gmail account when someone dies? His family members access it if the know they password.
Now, if someone with Bitcoin dies, his successors can access Bitcoins if they have the private key. Else they would lie unused forever.

Same would happen to your icn. I think, you don't need to prove anything to Iconomi team. If you have password you can use it else you can't . ICONOMI team doesn't even know to whom does an account belong unless you have completed KYC.
So, there's no chance for family members to claim icn if the user had not completed KYC.
And there  0.001% Wink chances of claiming if user had completed KYC.
sr. member
Activity: 448
Merit: 250
November 23, 2016, 07:32:53 AM
Thanks
sr. member
Activity: 504
Merit: 250
November 23, 2016, 07:10:20 AM

May look similar, but they're completely different.

Iconomi intends to bring money from old economy into CryptoCurrency.
Intellisys intends to take money from Bitcoiners to invest in manufacturing, real estate or even sanitary waste firms...using "BlockChain technology" Roll Eyes

seem bad for the cryptocoins value. while ICONOMI are trying to get more money from usual investors from ourside crypto, here in Intellisys will be doing the opposite thing. By the way their plans are, the team may likely scam people from bitcoin users.  Grin

Somehow the first paragraph that describes the idea and people behind it may not look the most promising for a new business that aims to manage other people's money

"If early bitcoin entrepreneur Charlie Shrem's newest venture (his first since his release from prison earlier this year)..."
full member
Activity: 168
Merit: 100
November 23, 2016, 07:07:47 AM
I can see my future as wolf of wall street 😸
sr. member
Activity: 532
Merit: 253
November 23, 2016, 06:59:08 AM
The thing that I find here as a great danger is scam fund managers. Because if there will be few scam managers and if funds will be really badly managed (or even stolen) people might get bad conotation about OFM. Does anybody know how will Iconomi try to prevent that?

This covers most of the questions/concerns for the OFM

1) Will the assets in our open fund management portfolio be locked on ICONOMI? or will it be the open fund managers responsibility?

Assets will be kept by ICONOMI.

2) Will their be an internal exchange to trade the open fund management assets?

You will be able to enter and exit investment fund positions from/to cryptocurrencies. But there will not be an exchange functionality with live trading books available as a stand alone product.


3) Do we need to have cryptoassets pre-purchased and added to our open fund?


No. Assets will be managed by the ICONOMI platform. This includes entering, exiting and keeping the assets safe.

4) Will their be anti-fraud security measures in place or is this trust dependant on who your open fund manager is ?

Yes, there will be several anti-fraud measures enforced. For example, the most obvious one will be the prevention of fund managers pumping certain tokens using fund’s assets, while at the same time dumping his/her personal assets on an exchange. It will be a continuous learning process. We’ll begin with a small control group and gradually expand in accordance with the feedback received. Security measures will be the same for all the assets on ICONOMI.

5) Will the open fund managers be able to customize their fee (profit % for running their fund)?

Fund managers will be able to customize their entrance, exit, management and performance fees within a valid fee range set by ICONOMI. If a manager will disable the performance fee, the fund will become a coin traded fund (CTF), with a possibility to be traded outside of the ICONOMI platform.


6) Will there be % details on gains and loses similar to ICNX/ICNP?


Yes.


7) Will we have custom introduction/details on our funds ?


Yes - each fund on the ICONOMI platform will have its own presentation page.

8 ) Will the investors of the open fund management need to pay in FIAT or is BTC/ETH and other currencies accepted for shares in the custom open funds?

Investments into the funds on the ICONOMI open fund management platform will be possible with cryptocurrency. However, there will be a simple ramp up process for FIAT investors which will involve the exchange of FIAT currencies into cryptocurrencies.

Thank, much appreciated
member
Activity: 112
Merit: 10
November 23, 2016, 06:54:02 AM
I think it is not fun is when someone loses their email and had to see ICN account they can not make withdrawals, it is seen from 2FA system used must confirm the email  Cry
 
legendary
Activity: 3248
Merit: 1055
November 23, 2016, 06:50:44 AM

May look similar, but they're completely different.

Iconomi intends to bring money from old economy into CryptoCurrency.
Intellisys intends to take money from Bitcoiners to invest in manufacturing, real estate or even sanitary waste firms...using "BlockChain technology" Roll Eyes

seem bad for the cryptocoins value. while ICONOMI are trying to get more money from usual investors from ourside crypto, here in Intellisys will be doing the opposite thing. By the way their plans are, the team may likely scam people from bitcoin users.  Grin
full member
Activity: 210
Merit: 100
November 23, 2016, 06:31:21 AM

May look similar, but they're completely different.

Iconomi intends to bring money from old economy into CryptoCurrency.
Intellisys intends to take money from Bitcoiners to invest in manufacturing, real estate or even sanitary waste firms...using "BlockChain technology" Roll Eyes
sr. member
Activity: 284
Merit: 250
Crypto Future here i come
November 23, 2016, 06:23:10 AM
Those that don't realise Iconomis potential will click at some point ( the train will have left the station though  Grin )

Low Risk / Medium Risk / High Risk Funds

Top Performing Funds etc etc etc



My guess is the team are also going to run promotions for fund managers..

I need to buy more  Cool


Where did you take these pics from?

Oh Cool

Thought maybe I missed better versions of these: https://twitter.com/iconominet/status/794641735913709570
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