Author

Topic: [ANN] ICONOMI - Fund Management Platform - page 580. (Read 1253971 times)

sr. member
Activity: 243
Merit: 250
I disagree with the method people are using to determine the ICO price. You're using 85 million tokens as the denominator--because that's how many were issued to investors. 100 million were minted however (I know that you all know this, just reiterating it), and the extra 15 million are in the hands of the devs. They are investors too, and while they're somewhat honor bound not to bring their coins onto the market, they still get the long term benefits of holding those coins. Moreover, those coins will dilute dividends, those coins could eventually hit the market, and most of all, those coins contain their fractional share of up-front investment by ICO buyers.

TL;DR we should be using 100 million tokens, not 85 million tokens, for the denominator to calculate ICO token value.

Thus, ICO per token value = $10,682,516.42 / 100,000,000 = $0.106825

With a current bitcoin price of $710.00, that's 0.0001505 ICN/BTC.

On Kraken, 0.000168 is trading, meaning ICN remains 11.66% above ICO price.


You apparently do not understand the math Smiley only thing that matters is hw much diod you pay for 1 ICN at the begining and how much you need to pay it now! your calculations means nothing!
sr. member
Activity: 504
Merit: 250
I hold a majority of my tokens on the iconomi site (since I never transferred them out).  Since ICN has gone live, i have purchased more tokens on kraken.  I kind of wish Iconomi's interface let you deposit ICN back to their site.  Would be awesome if they allowed that.......HINT, HINT, HINT.

same request here:
https://www.reddit.com/r/ICONOMI/comments/59vklj/receive_address_deposits_at_iconomi_platform/

I wish it could be done sooner than later.


Edit: Just got a respond from Jani on reddit:
"Most likely with the launch of ICONOMI.index and ICONOMI.performance funds or right after.
ICONOMI.index and ICONOMI.performance is our no.1 priority right now and we're on a really really short deadlines at the moment - we need to, and we will launch before year ends."
sr. member
Activity: 266
Merit: 250
Sound. Fury. Signifying.
I disagree with the method people are using to determine the ICO price. You're using 85 million tokens as the denominator--because that's how many were issued to investors. 100 million were minted however (I know that you all know this, just reiterating it), and the extra 15 million are in the hands of the devs. They are investors too, and while they're somewhat honor bound not to bring their coins onto the market, they still get the long term benefits of holding those coins. Moreover, those coins will dilute dividends, those coins could eventually hit the market, and most of all, those coins contain their fractional share of up-front investment by ICO buyers.

TL;DR we should be using 100 million tokens, not 85 million tokens, for the denominator to calculate ICO token value.

Thus, ICO per token value = $10,682,516.42 / 100,000,000 = $0.106825

With a current bitcoin price of $710.00, that's 0.0001505 ICN/BTC.

On Kraken, 0.000168 is trading, meaning ICN remains 11.66% above ICO price.

sr. member
Activity: 504
Merit: 250
I hold a majority of my tokens on the iconomi site (since I never transferred them out).  Since ICN has gone live, i have purchased more tokens on kraken.  I kind of wish Iconomi's interface let you deposit ICN back to their site.  Would be awesome if they allowed that.......HINT, HINT, HINT.

same request here:
https://www.reddit.com/r/ICONOMI/comments/59vklj/receive_address_deposits_at_iconomi_platform/

I wish it could be done sooner than later.

why would any one hold funds in an address that they don't hold the private keys for??

for me it works like that:
Holding your own priv keys comes with certain amount of knowledge, responsibility, and RISK - that is the main trade off with trusting someone else (Iconomi). If I wouldn't trust them, I wouldn't invest.

I personally don't like the risk of loosing/maintaining keystore backups and strong unique passwords that if forgotten lock you out for good.
I don't like the idea that ether wallet doesn't have 2FA. And I don't like thinking about all that when I am long on Iconomi.
I'd prefer to have a "vault" option and that is exactly what Iconomi provides - an offline, vault-like storage service.
If funds will be stolen/hacked from Iconomi, your tokens will be worthless anyway, whether you have control over the priv key or not.
full member
Activity: 232
Merit: 100
hi dev please provide again sell ICN tokens in web ico, price 20k satoshi, I missed this. Grin
lol to sell at 20+ and sell the btc at 700+ really is better than saying its still at ico price   Grin
hero member
Activity: 812
Merit: 500
How to fund my account in iconomi?
full member
Activity: 238
Merit: 100
hi dev please provide again sell ICN tokens in web ico, price 20k satoshi, I missed this. Grin


How much is one satoshi? Cheesy
sr. member
Activity: 535
Merit: 250
hi dev please provide again sell ICN tokens in web ico, price 20k satoshi, I missed this. Grin
newbie
Activity: 32
Merit: 0
I hold a majority of my tokens on the iconomi site (since I never transferred them out).  Since ICN has gone live, i have purchased more tokens on kraken.  I kind of wish Iconomi's interface let you deposit ICN back to their site.  Would be awesome if they allowed that.......HINT, HINT, HINT.

same request here:
https://www.reddit.com/r/ICONOMI/comments/59vklj/receive_address_deposits_at_iconomi_platform/

I wish it could be done sooner than later.

why would any one hold funds in an address that they don't hold the private keys for??
sr. member
Activity: 504
Merit: 250
I hold a majority of my tokens on the iconomi site (since I never transferred them out).  Since ICN has gone live, i have purchased more tokens on kraken.  I kind of wish Iconomi's interface let you deposit ICN back to their site.  Would be awesome if they allowed that.......HINT, HINT, HINT.

same request here:
https://www.reddit.com/r/ICONOMI/comments/59vklj/receive_address_deposits_at_iconomi_platform/

I wish it could be done sooner than later.

Edit: Just got a respond from Jani on reddit:
"Most likely with the launch of ICONOMI.index and ICONOMI.performance funds or right after.
ICONOMI.index and ICONOMI.performance is our no.1 priority right now and we're on a really really short deadlines at the moment - we need to, and we will launch before year ends."
sr. member
Activity: 336
Merit: 250
I hold a majority of my tokens on the iconomi site (since I never transferred them out).  Since ICN has gone live, i have purchased more tokens on kraken.  I kind of wish Iconomi's interface let you deposit ICN back to their site.  Would be awesome if they allowed that.......HINT, HINT, HINT.
full member
Activity: 238
Merit: 100
We're lucky that we didn't get on Polo or Bittrex, we'd most likely be part of the bloodbath if we were.




Will be a chilled release for us as soon as it comes to polo Cheesy
hero member
Activity: 658
Merit: 500
We're lucky that we didn't get on Polo or Bittrex, we'd most likely be part of the bloodbath if we were.

legendary
Activity: 1764
Merit: 1000
so I just opened a kraken account and went through level 1 verification... took about 1 hour, but I'm now able to buy ICN for bitcoin. it's okay I guess for the time being

That was fast Shocked...some people waiting weeks to get verified level one
For real? it took me only 3 minutes.lol lucky
btw anyone know the ico price is?

yeah but the trading interface is super clunky and hard to get used to. no wonder no one uses that exchange...
full member
Activity: 238
Merit: 100
so I just opened a kraken account and went through level 1 verification... took about 1 hour, but I'm now able to buy ICN for bitcoin. it's okay I guess for the time being

That was fast Shocked...some people waiting weeks to get verified level one
For real? it took me only 3 minutes.lol lucky
btw anyone know the ico price is?

I think it was around 0.13$
member
Activity: 81
Merit: 10
so I just opened a kraken account and went through level 1 verification... took about 1 hour, but I'm now able to buy ICN for bitcoin. it's okay I guess for the time being

That was fast Shocked...some people waiting weeks to get verified level one
For real? it took me only 3 minutes.lol lucky
btw anyone know the ico price is?
sr. member
Activity: 504
Merit: 250
I don't think other altcoins crashing that hard is neccesarily due to the inflationary nature of the coins. It is more because of self fulfilling prophecies where people are overselling because they think the coins can't rise in value together with bitcoin.

The prices will correct, expect a lot of green in the next days. Good time to buy most alts now, unless bitcoin shoots higher even more.

looks like bitcoin won't stop before $750
legendary
Activity: 1946
Merit: 1007
I don't think other altcoins crashing that hard is neccesarily due to the inflationary nature of the coins. It is more because of self fulfilling prophecies where people are overselling because they think the coins can't rise in value together with bitcoin.

The prices will correct, expect a lot of green in the next days. Good time to buy most alts now, unless bitcoin shoots higher even more.
hero member
Activity: 695
Merit: 500
The story so far.  This ain't no dump.  Last sale was at 0.00017 BTC/ICN.  At 705 USD/BTC, that puts ICN as almost exactly 0.12 USD/ICN.  Given that BTC has risen from 650 to 705 USD/BTC since ICN has been unlocked, and with the Zcash craziness, there's only once conclusion to be drawn...

In the first 72 hours of trading, investors are HODLING ICN in the ballpark of the ICO price, despite big price swings all around them.

(Remember - ICN is an unmined zero inflation token sitting on a pile of 16K BTC equivalent gathered during ICO!  The PRICE of ICN may go down a little as the PRICE of BTC rises - but the VALUE of ICN stays constant because of the PILE!)





THIS is what a crash looks like for all other inflationary, minable altcoins in just the past 24 hours....be thankful you are in ICONOMI.




Good post Mr Reynolds, an asset to the community for sure. I am a long term holder, and if and when I ever cash-out, it will be via my free debit-card. Good post and some sanity after watching zcash trades.
sr. member
Activity: 504
Merit: 250
so I just opened a kraken account and went through level 1 verification... took about 1 hour, but I'm now able to buy ICN for bitcoin. it's okay I guess for the time being

That was fast Shocked...some people waiting weeks to get verified level one

yeah but honestly, trading is a pain in the ass. it's super complicated and unlike any other user friendly exchange I used so far...

https://bitcointalksearch.org/topic/m.16719806

I didn't know they are so over regulated.
Sad
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