Topic: [ANN] ICONOMI - Fund Management Platform - page 525. (Read 1253953 times)

no magic is needed. Just an agreement that dividends will be paid to users that hold those tokens during the dividends payout (block height)
Why are you so angry?

What could the team possibly decide that would give them magical powers over exchanges?

... the good news is that American exchanges would be required to report any dividend earnings to investors.
So they should be motivated to share them, but it's not a requirement.

No, I remember reading something from the team that it has not been decided yet.
It is not that ridiculous. The exchange may hold the keys, but you are the owner of the asset..

The ETH address for Iconomi receives ETH every time some one moves ICN? or is that something else I saw on block chain?

I've just seen this tweet

There never was nor will there ever be "official from team" that's ridiculous.
That is entirely up to the Exchange... they hold the keys, and ICONOMI have no power to dictate terms.

nothing official from the team. All you hear is speculations or private opinions

If that's the case, better sell now. How do you expect the Index and PFunds will invest into other crypto's?  Bitcoin.
If they were to accept ICN, they would then need to sell ICN's to buy the perspective asset. That simply cannot happen.

Whales and plebs alike will need sell their ICN's or buy new BTC if they want in managed funds.

IMO there is no perfect or better option - it is always a trade-off.

Generating your private key online is not wise. myetherwallet is a complete client side key generator (you can test it with dev tools-->network and make sure that not a single bit is sent from the browser during the key generation). You can indeed download the source code from the official website and do that completely offline.

Desktop wallets - the problem, or the vulnerability, is when you generate the wallet and password or when signing a transaction online - if your PC is compromised (most times you won't be aware it is) you may lose your wallet balance.
Another risk with desktop wallets is forgetting your password or losing the keystore file. Yes, backups can and should be made, but each backup increases the chance that it will be stolen (again - trade-off).
In any case, DO NOT store your backup file anywhere online - you may be a subject to brute force without even knowing that. In that case it is only a matter of time until your password will be cracked.
Personally my problem with desktop wallets is that there is no 2FA.
You can generate your "wallet" offline on clean PC and sign the spend transactions offline - this should be as secured as you can get in case you remember your password and your keystore file was not stolen.

Offline/paper storage - the most secure way to store your tokens. The downsides are physical damage or lost (especially if it is planned for long store) and theft. Usually used for long-term storage.

Last and not least: Keep your tokens on Iconomi platform. The advantage is that you are getting good security (offline multi-sig cold storage) with relatively easy but still secured way to spend the funds (login credentials, 2FA and email verification).
The trade-off - technically speaking, you don't have control over your own funds. This is where TRUST plays major role. So far (looking back 4+ years), Iconomi team had given us zero reasons not to trust them.
Personal advice if you don't feel comfortable with wallets, offline generators, keystores, etc - make a strong, long (minimum 16 unique characters, no words or qwerty-based phrase), and unique password for Iconomi platform login and keep your precious tokens onsite, Iconomi team will make sure it is kept offline.
If you chose that option, make sure that your email and Iconomi passwords have nothing in common and are not used anywhere else.

Remember: If you screw something with your own wallet - you may lose your tokens forever! Add that to the trade-off calculation before deciding.


Some of the things were written here before, it is not all out of my head, but more like a summary.
Hope it helps

One ICN.

Wow he must have spent weeks writing this entry.
I missed a lot of these coins that I should have invested actually, Arcade City seem not promoted here in the forum. Most of what is in my stash are Lisk, WAVES, ICN.


I think you would have to actually use your ICN to acquire ICNX and ICNP for dividends.  this is just my opinion though.

There was info in the beginning that Iconomi will cooperate with exchanges which will give dividends to users. Something changed in that matter?

I was speaking about ETH since you said I need some to be able to send (how much ETH is that) ? as for the ICONOMI Tokens I thought everyone who holds some ICNs (no matter what amount) will be receiving dividends , since It's not the case , how much should I have ?

yeah,why not?

Ofc not. Do you really think an exchange would give you the dividends for tokens THEY HOLD?

So, if you have ICN in Kraken, you'll receive ETH in your ETH address on Kraken?

Does anyone know the speed of politics in Delaware?
Forget Poloniex, not happening anytime soon.
We don't need them anyway.

What do you mean?

they have to release the product first, or do you think they can magically create them like a ponzi?

WORTH READ...


trick or treat:investment-in-blockchain-cryptoassets


https://medium.com/@flexthought/trick-or-treat-investment-in-blockchain-cryptoassets-b1ad47ef58c#.6dgiccair