Topic: [ANN] ICONOMI - Fund Management Platform - page 406. (Read 1253953 times)

Zulutrade and eToro

Where did you take these pics from?

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.

The managed funds will always be in posession of ICONOMI platform, not the fund managers. So theft can NEVER happen.
Go see how eToro.com and ZuluTrade.com work.

Lol yes just like all successful coins,early dumpers are the one who repent most.
ICN needs just another month before it hits the moon.Have patience and hold your ICN to make it big

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?

  Sounds familiar. 

http://www.coindesk.com/bitcoin-charlie-shrem-launch-intellisys-capital/

Yes.

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

You can read about that here in their last AMA. REPHolder asked the same question. (Second comment, first question)

The real potential is close, people who dump will cry a lot.

Just saying

Those that don't realise Iconomis potential will click at some point ( the train will have left the station though  )

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  

I`m a Swiss fund manager and very interested in OFM. But even in Switzerland regulation is heavy and therefore, most funds are constructed in Liechtenstein or Luxemburg.
Usually, Swiss fund managers are only the advisor to a foreign fund manager to bypass the need for a fund licence from the Swiss regulator.
My question is: Will ICONOMI be the fund manager and service provider (administrator) and the experts only the advisors?

If I am correct, funding will be via an ICO. Again, crowdfunding is less strictly regulated in Switzerland than abroad, but it`s still heavy for a smaller fund manager. You need a prospectus, a commercial register entry and an audited financial statement. As soon as you also collect abroad, you have to follow the crowdfunding rules of each single country.

It`s a dream to have a platform like OFM, I would love it, but there are a lot of regulatory obstacles. Regarding this, I contacted ICONOMI a few days ago. Let`s see if I get an answer.

By the way, Swiss based Ethereum did an ICO crowdfunding via donations, which is sailing close to the wind. Donations are usually taxed in Switzerland, either at the donator or in some cantons even as earnings taxes.

People will be so busy allocating their funds between top fund managers and index funds on OFM platform, they won't even know nor care that ICN holders are getting Dividends from every fund manager or index fund on OFM platform. That's what I find most appealing about holding ICN 

Thank you for that - but what will be done with those dividends that would otherwise need to be paid to those token holders will they be split amoungst others? Eg if 30% of ICN tokens is on exchanges will the other 70% recieve the 100% of dividends that need to be distributed or will exchanges get those 30% ?

Pretty sure we'll reach 100 Index Funds on Day 1 after OFM platform launch...
Every crypto trader wants to be the next Gordon Gekko or Wolf of Wall Street
Top fund managers will attract investors as soon as they show some good trading history.

Appreciate that, thanks.

Exactly. It will probably take few months to take off. Traditional investors will want to see how it works before jumping in.
Once they do Iconomi will really moom and behind

Just 1 question - how will the dividends be distributed to those that will have ICN tokens on exchanges (eg. Kraken , ... ) - will Kraken receive them or those that reside on the exchanges won't receive dividends and will the % of those be split amongst other ICN token holders who have them personally.

WEEKLY Dividends payments will increase exponentially once OFM platform launches and traders start their own funds & compete to be most profitable funds to gain more investors & more commission.
ICN holders get WEEKLY Dividends from ICNX & ICNP AND from EVERY SINGLE FUND on OFM platform.
e.g. If OFM platform grows to 100 index funds, ICN holders get WEEKLY Dividends from ALL THOSE 100 index funds... and from ICNX & ICNP