Who do you think is paying for Iconomi employee salaries? Profit = Revenue - Expenses. 30 employees averaging $100K USD fully loaded is $3M. Nevermind other expenses related to running the platform. Just saying.
For that please first read faq art Iconomi site.
It says,
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.
See, this is why elsewhere I have asked about "Class A" and "Class B" shares to split up ICNP profits among original ICO participants and later invited investors. Say 100 invited people contribute the second $5M. Why is it fair for the "$4M chunk of profit" above to be divided among ALL 3500 ICO PARTICIPANTS instead of the 100 INVITED PEOPLE WHO CONTRIBUTED THE SECOND BATCH OF ICNP MONEY?
I would argue that in this example, if there is $10M of profit, it should be split into two profit chunks of $5M each, all ICO participants should share 20% of the first $5M chunk BECAUSE THAT WAS THE DEAL THAT WAS AGREED TO BY ALL PARTIES, and that some proportion of the second $5M profit chunk should be split ONLY among the invited 100 contributors. What that proportion is has yet to be defined....
So, where would the 80% of the first chunk go.
I believe, we would be receiving 20% as fees from profit made by invited investors.
By the way, I don't remember any official statement about that 20% share get.
Please share the link if you know.
For me, it has become confusing now. I'd ask Iconomi team to tell us more about performance fund profit sharing.
