Topic: [ANN] ICONOMI - Fund Management Platform - page 59. (Read 1253940 times)

MelonPort = Decentralized & Trustless Iconomi

http://www.coindesk.com/meet-the-ex-banker-using-ethereum-to-take-on-traditional-hedge-funds/

Game Over Iconomi

You got destroyed bro. Didn't knew that an 84-year-old man has to pull up some cheeky moves like this.



What about this post weeks ago?




https://bitcointalksearch.org/user/warrenbuffett-928757

Neither of those are like Iconomi you guys are comparing apples and oranges.

Good just go! It will be better for you and for us

Also, sell your ICN tokens if you have any, so I can buy them cheaply

Yes you are right, now i see it, i will go and buy Purevidz or Taas or some other of the great projects that people mention here .........

prob. fell for the FUD and now joined it

• Expense reports will be done as soon as dividends will be paid and investments in ICOs have been declared.
• US citizens are allowed to buy and own ICN, they only mustn't participate in funds. If you invested in their ICO, all you did was buy ICN. Also, they are working towards making Iconomi usable for US citizens.
• Legal part 2 will come out, too. Do you have literally no patience?
• Their legal guy disappeared? What? Lolol
• They will continue doing AMAs, they never said they would be 100% bi-weekly. Expect bi-weekly AMAs to happen once platform releases.
• They do not avoid any questions on slack except for "when is release?" They like to argue with everyone on Slack and answer each question very professionally.
• Postponing just because a competitor that hasn't even had their ICO puts up a vid? Take off your tin foil hat.
• They delayed platform because they want to make sure to deliver the best product possible. The devs ICN shares are vested and will not be paid out all at once.

I remember you. A couple weeks back you said Iconomi would moon and made you rich. Now you FUD like there's no tomorrow lol.[/list]

"Shady Middlemen" because:
. No expense report for the past 6 months since the end of ICO.
. They solicited funds from US citizens, now they say US citizens are not allowed to use Iconomi
. They failed to release Legal Part 2
. Their legal guy just disappeared.
. They failed to do bi-weekly AMAs, after promising they will do so.
. They avoid all serious questions on Slack.
. They postponed the launch on same day after competitors released videos of their working prototype: https://www.youtube.com/watch?v=TJP7HPF8rOc
. They're delaying ICNX & ICNP funds on purpose to time the release with the end of 6-month lockup period to access their ICN Dev share.


Now you tell me how investors are supposed to trust them with millions of dollars if ICN holders are ever going to see any dividends.

Because ICN isn't really a "coin", it's basically a company asset. And the entire point if Iconomi is to make buying "assets" as we know it in the "old economy" easy to approach for everyone. Including dividends and so forth. These days, if a company wants to enter the stock for example, it has to go through shittons of legal stuff and small companies have basically zero chance to get there. With ICN platform, any starting company will be able to announce ICO and get funded via that. Basically a kick-starter, with the difference, that their "coins" will be the "assets" of that particular company, just as ICN are assets of the future Iconomi platform. Dividends will be paid out easily and everything will be nice and public and easily approachable.

So having your own assets in the form of ETH or BTC is basically impossible, since they would have to control all of them.

It's like... yeeeh, this new company is planning to make sofas that will give you a blowjob and have built in fridge for beer! I want to invest in it! And with Iconomi platform, it will be perfectly possible.

Yes, I did and checked it again. Still, I don't understand why you need to create a new token to run a fund management platform if you have Bitcoin, Ethereum and other coins you can build your platform onto.

Sigh.  No, no, no.  Let me explain this correctly again.  Go look at coinmarketcap.com - there are only 87M ICN tokens in circulation.  The ICO funds raised did not and have not gone towards either the ownership or the pricing of the separate pot of dev tokens.

Investors put in $10,682,515.42 USD to purchase 85 million ICN at a cost of 10,682,515.42 / 85,000,000 = $0.1257 each.  The ICONOMI team put 15 million additional ICN aside in various pots (founder bonus, bounty, etc) and paid ZERO USD for their ICN.  These 15M ICN had an IMPLIED value of $0.1257 also, but nobody really knew WHAT any ICN was worth on the open market until the token hit Kraken.   The answer turned out to be a steady rise to the $0.4512 USD price listed today on http://coinmarketcap.com representing a 0.4512/0.1257 = 3.6X increase in value of ICN in the past four months since the end of ICO.  

If you look at coinmarketcap.com, they list only 87M ICN in circulation - the investor/donator ICO amunt of 85M plus 2M in released bounties.  The remaining 13M ICN in the hands of developers are locked down for (I think) six months after ICO until platform release.  These dev tokens have yet to be priced.  

Consider the day these extra 13M tokens are unlocked and considered part of the total circulation.  Either the value at Kraken will drop by 15% (because there are suddenly 100/87 = 1.15X more "inflationary" coins in circulation) or, if the value at Kraken holds steady, the market cap at coinmarketcap.com will jump 15%.  It all depends if ICONOMI is seen as strong or week at that time.

PRICE/VALUE OF THE 13M DEV TOKENS IS DECIDED BY KRAKEN TRADERS IN THE FUTURE, NOT BY ICO INVESTORS IN THE PAST.

Bottom line: the launch price of ICN was 0.1257 USD per ICN.

they were talking about digicube and Not about icn

I look fwd to moooooooooooooon

According to coinmarketcap ICN is listed on Kranken, Liqui and Mercatox.

http://coinmarketcap.com/assets/iconomi/#markets

You probably have mistaken this, because there is a coin on Yobit with the same name.

its not yobit coin you can not see there dude
ICN is not available on yobit, ICN only listing at kraken.

I don't know what that is but it's not Digibyte, it's Digicube. I trust coincap.com more than coinmarketcap.com though, every once in a while these sort of things happen and you are left wondering wtf is wrong with crypto, it definitely feels like a joke sometimes or at least something not that serious. As kalpit said though, the evidence is in the volume, it doesn't matter how much a coin gains...if you don't have liquidity or volume it's not real.

Don't worry, it's just another yobit scamcoin...

did you read the whitepaper?

I don't understand what is the purpose of ICN token and why it was necessary to run a Fund Management Platform. Isn't enough to use Bitcoin and pay dividens to the participants of the project? I may be wrong but in my opinion the real goal of Iconomi project is to get as more Bitcoins as possible and leave investors with useless tokens.

Did anyone yet see coin market cap. See the third position.
Digibyte comes on third position.

In 24 hours it showed a growth of 22485500.00 %.  

He he, now see the daily volume, its less than $300.