So what is the profit in this. If i invest almost $1000 i would get just $2.35 as dividend which is not at all a good investment. How do we evaluate the progress of this project?
As I posted back on page #638....
Let's talk about ICONOMI dividends.
First, some facts. The ICONOMI ICO ended on Sept 29. On that day, Bitcoin was worth 605 USD / BTC. ICONOMI closed their ICO with $10,682,516 in crowdfunding. So they got 10,682,516 / 605 = 17,657 BTC equivalent. That investment paid for 85,000,000 ICN tokens. So each token at end of ICO was worth 17657/85M = 0.0002077 BTC each or 0.0002077*605 = 0.1257 USD each.
The deal was that the first 10K BTC would go into ICONOMI development and the remainder (7,657 BTC equivalent = $4.62M) would go into the ICN.Performance (ICNP) fund. ICO participants would then split as dividends 20% of profits from this initial ICNP investment of $4.62M.
There are also supposed to be numerous other dividend income streams from fees, etc. We're gonna ignore them for now, and talk here only about ICN dividend profits just from ICNP.
Here's the key question:
What dividends must ICNP yield to be considered a success? My answer: ICNP will be a HUGE success if it yields annual dividends greater than those produced by the top dividend stocks on the American NASDAQ exchange. The top dividend yield of any NASDAQ stock is 23% from OXLC. Note that the top-yielding Credit Suisse stock of SLVO yields 14.65%. If ICONOMI can deliver better yields than the best that Credit Suisse has to offer, ICONOMI will be doing VERY good indeed...
So the "success" question above becomes "what does ICNP have to do so that 20% of its 2017 profits equals 23% of its total ICN token ICO value of $10.68M?"Well, that's just straight algebra.
(0.2) * (2017 ICNP Profit) = (0.23) * $10.68M
2017 ICNP Profit = ((0.23)/(0.20)) * $10.68M = $12.3M
So for annual ICN dividends to equal the best that NASDAQ stocks have to offer, during 2017 Jani and Co. must turn the ICNP original $4.6M into $4.6M+ $12.3M = $16.9M.
That's a 3.7X multiplier.
BOTTOM LINE: If you believe Jani and Co. can take $4.6M and multiply its value by 3.7X during 2017 in the Cryptocurrencies market, then you need to head over to Kraken and buy ICN, because hitting that target will make ICNP a better dividend producer than any stock on NASDAQ.
Note that ICONOMI dividends will outperform the best NASDAQ Credit Suisse dividend stock by "only" hitting a 2.7X multiplier for ICNP in 2017.(And if YOU think YOU can run a crypto fund that will hit 3.7X or even 2.7X during 2017, then YOU need to get your fund on the ICONOMI platform!)
Thank you for your elaborate answer ,but my other doubt is i am holding all my ICN in kraken ,so when ever they issue dividends will i be eligible to receive those in my account or i should store all of my ICN in their website. i am having this doubt since i am a noob i do not know how things work in the digital world
thanks for your reply cheers
