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Topic: [ANN] ICONOMI - Fund Management Platform - page 564. (Read 1253971 times)

sr. member
Activity: 364
Merit: 250
move that crypto
This is like if I would have barged into Ethereum ico and yelled about how exchanges wouldn't list it because Vitalik started a company with thousands of anonymously-sourced BTC.

He would have been arrested if he walked into a bank and tried to start Ethereum Foundation with a duffle bag full of cash.

Obviously, fiat money regulations are not always applied exactly the same to crypto.

Many jurisdictions have not yet established how cryptocurrencies fit into pre-existing regulations, or they are making new regulations specifically for cryptocurrencies.

Bittrex, Poloniex, Kraken are US companies that are collectively worth hundreds of millions $.  They have teams of lawyers who are experts in cryptocurrencies and securities.  If all those lawyers thought it was okay to list DAO, REP, ICN, SNGLS, then that's enough for me to feel confident holding ICN.


If you really think Bittrex and Poloniex won't list ICN, then put your money where your mouth is:
https://bitbet.us/bet/1329/iconomi-listed-on-bittrex-or-poloniex-by-february/
hero member
Activity: 644
Merit: 500
Think or swim.
Just wait til we hit Polo.

Mal, as a prominent non-shitposter in this thread, I encourage you to be more responsible with the Poloniex speculation/hype.

Here are the absolute facts:

    1.  Poloniex is a Delaware Corporation -- a U.S. company.

    2.  Poloniex takes regulatory compliance very seriously.  See for example New  Hampshire action in quick response to new law.

    3.  ICN are, beyond doubt, a security which is currently not registered with the SEC.  ICN are not in any way legal to advertise or sell in the United States.

SEC could force Poloniex to shutdown, or put the hurt on them, for listing unregulated securities.  Kraken seems willing to chance it for some reason.

The idea that we'll suddenly see a "ICN now trading on Poloniex!" announcement is pure insanity.

Iconomi put the cart before the horse by offering securities to U.S. buyers before they were registered in the U.S.  Now I presume they're paying expensive NY lawyers in an attempt to retcon the whole deal and make it kosher with the SEC.  We will see/hear administrative shit with the SEC, and a firm announcement of ICN's legal status in the U.S., before we see ICN listed on Poloniex, if ever.  Anybody thinking that ICN will be on Poloniex "soon" or that the announcement will come out of the blue is delusional.

Please do your part to contain the idiocy that infests this thread.



Iconomi isn't a US Company, and falls under series 7 of the U.S. tax code.
http://www.investopedia.com/exam-guide/series-7/investment-risk-tax-considerations/foreign-securities-taxation.asp
Foreighn Securities stats:
https://www.federalreserve.gov/econresdata/releases/secholdtrans/current.htm
definition of foreign securities:
http://dictionary.reverso.net/english-definition/foreign%20securities

Iconomi aren't applying for a NYSE listing (yet)like Gemini and don't operate within US borders like Vorhees.
New Hampshire's new Money transmitter licence costs between 500 and 5000usd per year, which isn't a ban, but puts the bar for them high because what little volume from NH wouldn't cover the cost for the fee.
Coinbase and Circle both still offer service to NH. It actually makes Polo look like cheap bastards.
hero member
Activity: 924
Merit: 501
CryptoTalk.Org - Get Paid for every Post!
LOL, i cant understand.

What investor want a good profit in 1 week?

thats crazy
hero member
Activity: 644
Merit: 500
Think or swim.
Stel no cant deposit icn in ico iconomi net,why cant ?
because the beta hasn't been released yet. Did you sign up?
member
Activity: 91
Merit: 10
Iconomi is more familiar than repo.

That is totaly irrelevant
hero member
Activity: 518
Merit: 500
Iconomi is more familiar than repo.
legendary
Activity: 1386
Merit: 1045
Just wait til we hit Polo.

Mal, as a prominent non-shitposter in this thread, I encourage you to be more responsible with the Poloniex speculation/hype.

Here are the absolute facts:

    1.  Poloniex is a Delaware Corporation -- a U.S. company.

    2.  Poloniex takes regulatory compliance very seriously.  See for example New  Hampshire action in quick response to new law.

    3.  ICN are, beyond doubt, a security which is currently not registered with the SEC.  ICN are not in any way legal to advertise or sell in the United States.

SEC could force Poloniex to shutdown, or put the hurt on them, for listing unregulated securities.  Kraken seems willing to chance it for some reason.

The idea that we'll suddenly see a "ICN now trading on Poloniex!" announcement is pure insanity.

Iconomi put the cart before the horse by offering securities to U.S. buyers before they were registered in the U.S.  Now I presume they're paying expensive NY lawyers in an attempt to retcon the whole deal and make it kosher with the SEC.  We will see/hear administrative shit with the SEC, and a firm announcement of ICN's legal status in the U.S., before we see ICN listed on Poloniex, if ever.  Anybody thinking that ICN will be on Poloniex "soon" or that the announcement will come out of the blue is delusional.

Please do your part to contain the idiocy that infests this thread.


Can you explain how ICN tokens are different from REP tokens in terms of being classified a security? As far as I can see, they both pay dividends to the token holders in Ethereum. REP trades on Poloniex.  
member
Activity: 82
Merit: 10
   2.  Poloniex takes regulatory compliance very seriously.  See for example New  Hampshire action in quick response to new law.

Kinda funny how New Hampshire's motto is Live Free or Die.   Tongue
sr. member
Activity: 256
Merit: 250
Just wait til we hit Polo.

Mal, as a prominent non-shitposter in this thread, I encourage you to be more responsible with the Poloniex speculation/hype.

Here are the absolute facts:

    1.  Poloniex is a Delaware Corporation -- a U.S. company.

    2.  Poloniex takes regulatory compliance very seriously.  See for example New  Hampshire action in quick response to new law.

    3.  ICN are, beyond doubt, a security which is currently not registered with the SEC.  ICN are not in any way legal to advertise or sell in the United States.

SEC could force Poloniex to shutdown, or put the hurt on them, for listing unregulated securities.  Kraken seems willing to chance it for some reason.

The idea that we'll suddenly see a "ICN now trading on Poloniex!" announcement is pure insanity.

Iconomi put the cart before the horse by offering securities to U.S. buyers before they were registered in the U.S.  Now I presume they're paying expensive NY lawyers in an attempt to retcon the whole deal and make it kosher with the SEC.  We will see/hear administrative shit with the SEC, and a firm announcement of ICN's legal status in the U.S., before we see ICN listed on Poloniex, if ever.  Anybody thinking that ICN will be on Poloniex "soon" or that the announcement will come out of the blue is delusional.

Please do your part to contain the idiocy that infests this thread.




Do you think it will hit Bittrex?
legendary
Activity: 1568
Merit: 1000
Just wait til we hit Polo.

Mal, as a prominent non-shitposter in this thread, I encourage you to be more responsible with the Poloniex speculation/hype.

Here are the absolute facts:

    1.  Poloniex is a Delaware Corporation -- a U.S. company.

    2.  Poloniex takes regulatory compliance very seriously.  See for example New  Hampshire action in quick response to new law.

    3.  ICN are, beyond doubt, a security which is currently not registered with the SEC.  ICN are not in any way legal to advertise or sell in the United States.

SEC could force Poloniex to shutdown, or put the hurt on them, for listing unregulated securities.  Kraken seems willing to chance it for some reason.

The idea that we'll suddenly see a "ICN now trading on Poloniex!" announcement is pure insanity.

Iconomi put the cart before the horse by offering securities to U.S. buyers before they were registered in the U.S.  Now I presume they're paying expensive NY lawyers in an attempt to retcon the whole deal and make it kosher with the SEC.  We will see/hear administrative shit with the SEC, and a firm announcement of ICN's legal status in the U.S., before we see ICN listed on Poloniex, if ever.  Anybody thinking that ICN will be on Poloniex "soon" or that the announcement will come out of the blue is delusional.

Please do your part to contain the idiocy that infests this thread.



You may have a point but really, they list ZEC and ETC in a second...they should be under investigation already but not because of Iconomi. And I think you are confusing ICN tokens with funds since basically buying tokens should not be that different than buying Augur/REP for example (and gambling is illegal in the US too...).

No regarding the index and performance funds, that's another story.
sr. member
Activity: 504
Merit: 250
Just wait til we hit Polo.

Mal, as a prominent non-shitposter in this thread, I encourage you to be more responsible with the Poloniex speculation/hype.

Here are the absolute facts:

    1.  Poloniex is a Delaware Corporation -- a U.S. company.

    2.  Poloniex takes regulatory compliance very seriously.  See for example New  Hampshire action in quick response to new law.

    3.  ICN are, beyond doubt, a security which is currently not registered with the SEC.  ICN are not in any way legal to advertise or sell in the United States.

SEC could force Poloniex to shutdown, or put the hurt on them, for listing unregulated securities.  Kraken seems willing to chance it for some reason.

The idea that we'll suddenly see a "ICN now trading on Poloniex!" announcement is pure insanity.

Iconomi put the cart before the horse by offering securities to U.S. buyers before they were registered in the U.S.  Now I presume they're paying expensive NY lawyers in an attempt to retcon the whole deal and make it kosher with the SEC.  We will see/hear administrative shit with the SEC, and a firm announcement of ICN's legal status in the U.S., before we see ICN listed on Poloniex, if ever.  Anybody thinking that ICN will be on Poloniex "soon" or that the announcement will come out of the blue is delusional.

Please do your part to contain the idiocy that infests this thread.


Quote
The US SEC can't just reach out and shut down Kraken
Can you explain it? Since both are located in USA

Also, care to explain how Kraken is less regulated than Polo?
newbie
Activity: 32
Merit: 0
Just wait til we hit Polo.

Mal, as a prominent non-shitposter in this thread, I encourage you to be more responsible with the Poloniex speculation/hype.

Here are the absolute facts:

    1.  Poloniex is a Delaware Corporation -- a U.S. company.

    2.  Poloniex takes regulatory compliance very seriously.  See for example New  Hampshire action in quick response to new law.

    3.  ICN are, beyond doubt, a security which is currently not registered with the SEC.  ICN are not in any way legal to advertise or sell in the United States.

SEC could force Poloniex to shutdown, or put the hurt on them, for listing unregulated securities.  Kraken seems willing to chance it for some reason.

The idea that we'll suddenly see a "ICN now trading on Poloniex!" announcement is pure insanity.

Iconomi put the cart before the horse by offering securities to U.S. buyers before they were registered in the U.S.  Now I presume they're paying expensive NY lawyers in an attempt to retcon the whole deal and make it kosher with the SEC.  We will see/hear administrative shit with the SEC, and a firm announcement of ICN's legal status in the U.S., before we see ICN listed on Poloniex, if ever.  Anybody thinking that ICN will be on Poloniex "soon" or that the announcement will come out of the blue is delusional.

Please do your part to contain the idiocy that infests this thread.


legendary
Activity: 1386
Merit: 1045
...

You seem like a very smart and reasonable man. Why would you want to sell as low as 4x?
 Wink

He didn't say he wants to sell at x4, he just showed that reaching x4 has became easier since less people are selling on Kraken.

Anyone selling before ICONOMI is in the top 3 market caps, will not get the most of his ICONOMI investment.
The thing is, it doesn't even need to be in the top 3 to get returns higher than the top 3. Remember the market capitalization is based on price, therefore capital appreciation, and not dividends therefore income. It is conceivable that the income component of the return is much higher than the capital appreciation. We won't know until the markets open of course. ICONOMI is a different type of crypto than the ones we're used to until now.
sr. member
Activity: 504
Merit: 250
I want some dividends, where are my dividends man more than a week and no dividends?
You didn't get yours yet?  Angry
I'm at the Lambo dealer right now spending mines.
Owait, that was a dream.
Dividends will be happening by Q1

I thought you were more the Tesla type
hero member
Activity: 812
Merit: 500
Stel no cant deposit icn in ico iconomi net,why cant ?
sr. member
Activity: 504
Merit: 250
...

You seem like a very smart and reasonable man. Why would you want to sell as low as 4x?
 Wink

He didn't say he wants to sell at x4, he just showed that reaching x4 has became easier since less people are selling on Kraken.

I know, I was just fooling around
that's why the  Wink
sr. member
Activity: 504
Merit: 250
I have done questions, can you answer it

One) Do you mean we would reach ROI within an year?

Two) Iconomi team hasn't converted the currencies collected in ICO,.
         So they have total 10.7 (aprox) million out off which 10k btc would be reserved for development.
         So for the performance fund they have 10,700,000 - 10,000*710 = $3,600,000
Am i right?


One) Return on Investment (ROI) will occur weekly starting January 2017 for ICNP.  I think.  How much ROI we get depends on how much ICNP profit there is.  Nobody can predict that.  From my calculation above, if ICONOMI grows ICNP by 2.7X during 2017, we will get a 15% dividend return in 2017 on our original ICO payment.   If ICONOMI grows ICNP by 3.7X during 2017, we will get a 23% dividend return in 2017 on our original ICO payment.   If these targets are hit, ICONOMI will be a very, very solid dividend investment by Wall Street standards.   And this does not include the ICN tokens you hold going up in price themselves on the exchanges as you earn dividends from them.  It also does not include dividends from fees gathered by ICONOMI from other funds using their platform to reach fiat investors.

Two) ICNP is originally funded from around 7657 BTC gathered during ICO.  At the end of ICO on Sept 29, Bitcoin was at 605 USD per BTC so the value of ICNP was 7657 * 605 = $4.6M.  Over the past month Bitcoin has appreciated from 605 USD per BTC on Sept 29 to 707 USD per BTC today on Oct 31.  The value of ICNP today is thus 7657 * 707 = $5.4M today.  So the value of ICNP is up by $800K in a month due only to Bitcoin appreciation.

about ICO funds collected - I think it is very good thing that 1/3 of ICO money was collected in fiat. That way they will have toilet paper ($ and euro) to burn for daily operation costs.
full member
Activity: 196
Merit: 100
...

You seem like a very smart and reasonable man. Why would you want to sell as low as 4x?
 Wink

He didn't say he wants to sell at x4, he just showed that reaching x4 has became easier since less people are selling on Kraken.

Anyone selling before ICONOMI is in the top 3 market caps, will not get the most of his ICONOMI investment.
sr. member
Activity: 504
Merit: 250
Zcash fell quick from top 5 volumes on Poloniex.

So much BTC on Poloniex right now after last week's Alts sell-off.

Perfect storm is brewing for ICONOMI to go above 0.00100



zcash is gonna be one of the 2 biggest flops that crypto had ever seen
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