Topic: [ANN] ICONOMI - Fund Management Platform - page 778. (Read 1253953 times)

Firstly, you cannot use exchanges to receive icns.
If you use some wallet such as myetherwallet. You can receive dividends in that Wallet in ETHs. Also if you decide to keep them in iconomi itself, you'll still receive dividends. Most probably, you would get dividends  in a eth online Wallet by iconomi.

To everyone those who were asking about exchange. I emailed Bittrex asking about ICN exchange.
Here is the reply I got    

Ryan Hentz (Bittrex)

Oct 13, 22:20 PDT

Thanks for the request. Our policy is to not comment on whether we will launch coins but we only add coins under active development with high community demand. Please encourage the development team to contact [email protected].

We gauge demand based off of tweets, hash power, length of bitcointalk thread, volume on other exchanges, etc. Follow us on twitter @bittrexexchange and tweet about how much you like this coin and Bittrex. We respond to creative and insightful posts to help market your favorite coins and Bittrex. I'd also consider coming to our irc channel #bittrex on irc.freenode.net and do some guerrilla marketing. The traders there can help you gain exposure for your coin.

Thanks,
Ryan @ Bittrex
Follow us on Twitter: https[Suspicious link removed]xchange
For real time chat with the Bittrex team and other crypto-currency enthusiasts, join our slack at http://slack.bittrex.com


Either iconomi hasn't yet contacted bittrex or they are on NDAs.

I request developers to contact bittrex if they haven't.

The other conditions specified like btt length, popularity are easily qualified by Iconomi.

I hope we will see exchanges soon after ICN launch ( expected launch of ICN -25 October ).

Anyhow, I would not be dumping my 2k + ICNs. I just posted this to help those asking these questions.

Firstly, you cannot use exchanges to receive icns.
If you use some wallet such as myetherwallet. You can receive dividends in that Wallet in ETHs. Also if you decide to keep them in iconomi itself, you'll still receive dividends. Most probably, you would get dividends  in a eth online Wallet by iconomi.

To everyone those who were asking about exchange. I emailed Bittrex asking about ICN exchange.
Here is the reply I got    

Ryan Hentz (Bittrex)

Oct 13, 22:20 PDT

Thanks for the request. Our policy is to not comment on whether we will launch coins but we only add coins under active development with high community demand. Please encourage the development team to contact [email protected].

We gauge demand based off of tweets, hash power, length of bitcointalk thread, volume on other exchanges, etc. Follow us on twitter @bittrexexchange and tweet about how much you like this coin and Bittrex. We respond to creative and insightful posts to help market your favorite coins and Bittrex. I'd also consider coming to our irc channel #bittrex on irc.freenode.net and do some guerrilla marketing. The traders there can help you gain exposure for your coin.

Thanks,
Ryan @ Bittrex
Follow us on Twitter: https[Suspicious link removed]xchange
For real time chat with the Bittrex team and other crypto-currency enthusiasts, join our slack at http://slack.bittrex.com


Either iconomi hasn't yet contacted bittrex or they are on NDAs.

I request developers to contact bittrex if they haven't.

The other conditions specified like btt length, popularity are easily qualified by Iconomi.

I hope we will see exchanges soon after ICN launch ( expected launch of ICN -25 October ).

Anyhow, I would not be dumping my 2k + ICNs. I just posted this to help those asking these questions.

One question - will exchanges be eligible for dividends or will only the ones who hold them of exchanges or on ICONOMI website be eligible?

ICONOMI,

Someone asked this question on Reddit.  Could you provide an answer to this?
 

https://www.reddit.com/r/icocrypto/comments/4zuk5h/iconomi_icn/d7a41in

References: https://en.wikipedia.org/wiki/SEC_v._W._J._Howey_Co http://apps.americanbar.org/buslaw/blt/2005-05-06/forcier.shtml

The Howie Test:

Under the Howey Test, an interest will be classified as a security only if the following three elements are present:

*an investment of money has been made,
*in a common enterprise and
*the investor has the expectation of profits, which profits are expected to arise solely, or substantially, from the efforts of the promoter or third party.

So here is what is going on. You can insist all night and all day that your "Tokens" are "just crypto, man, it's unregulated dude" until you are blue in the face.

Problem is, according to the Howie Test, if it looks like a duck walks like a duck and quacks like a duck, it is a security, must be registered with the securities and exchange commission, must be sold only to accredited investors worth more than $1 million excluding the value of their home and with 5 years of trailing income of $200,000 per year, and you can only promote the security (like you are doing here) if you are a Registered Rep for a bona fide Registered Broker Dealer.

Here's where your token becomes a security "It is important to note that GNT will NOT be used for payments within the Golem network: Its only role is to grant the owner a share in the Golem network’s fee revenue."

Oooffff! You SAY it's a token. But according to the Howie test, people have to pay in ETH (which has a dollar value), the token carries no votes and no say in the management (so 2 and 3, a third party will do the work) and you are selling it with the expectation that a profit will be made by the "investor" from the fees and distributed to token holders.

No voting rights + dividends = Preferred Share!

If the SEC notices, or if you piss off anyone in the slightest, particularly because you are raising well over a million dollars---you could go to jail just for this post!

Everyone involved in the management (and your little investing club) is also selling securities, unregistered, without a licence! They need to all STFU until the lawyer tells you how right I am.

Crypto exchanges wont be able to sell or carry this, because it is a preferred share, and while they are Fincen licenced, they are not SEC registered broker dealers! It would have to be traded on a stock exchange, and stock exchanges don't do crypto, so you'll have to create paper!

You guys really, really need to get someone from the business faculty (this is a school project right?) to corroberate everything I have told you, and call a securities lawyer for advice before selling this like it was fucking Dogecoin.

Dogecoin didn't pay dividends and no promises of profits were made---and they didn't use financial terms like "ICO".

I STRONGLY suggest you remove this post and any others where your non-licenced ass has been peddling and promoting unregistered securities to unsophisticated investors. This post is enough to put you in jail.

If you read ETH's ICO info, you'll note that they are very, very careful not to promise any profit at all.

This is where you are fucking up. Call a lawyer.

Your welcome. (I am a former LICENCED Stock Broker).