[ANN] ICONOMI - Fund Management Platform - page 820.

XbladeX

legendary

Activity: 1302

Merit: 1002

Quote from: MoveCrypto on October 12, 2016, 01:42:21 AM

https://ethstats.net/

It looks like roughly 16MM gas worth of transactions has been getting through on the ethereum network per 10 minutes, because many 0 transaction blocks are getting mined

less than 3000 transactions to distribute all the ICN (assuming 500+ investors didn't provide a ETH withdrawal address)

Token-sending transactions use about ~3.5x the gas of a normal ETH sending transaction, so around ~75000 gas per transaction.

(75000 gas per transaction)×(3000 transactions) = 225MM gas

(225MM gas) ÷ (96MM gas per hour) = 2h 20m

It would take iconomi a minimum of 2h 20m to send out all the ICN withdrawals.

If they increase the gas price of their transactions to 20x the normal rate of 0.00000002 ETH per gas:

(225MM gas)×(0.00000040 ETH per gas) = 90 ETH

If they wanted to distribute all the ICN with the network in its' current state, I estimate they could do it in less than 4 hours for less than 90 ETH

LOL this change will be huge for ETH if they rise costs like 20x... From 1-side it will secure network but that makes using ETH network it will be HIGH cost.
And that was not planned by anyone who is using ETH for its system.
Imagine that cost of your rent goes up 20x... you will be pissed off hard.
I don't like when someone is changing business rules.
Imagine you planned business on ETH network your business plan got reck becouse your will have to pay 20x more now - brilliant solution

colombuszka

hero member

Activity: 802

Merit: 501

Please dont say things like "ICN will be above 1$ after 1 hour". Totally not real expectations..

MadeinCoin

legendary

Activity: 1386

Merit: 1003

Quote from: Mongwapogi on October 12, 2016, 12:38:08 AM

What will be the exact date of distribution of ICN Token to ETH Wallet?

Any update about exchange site that will be available the ICN Token?

There are no further updates to your question we're all still waiting for it Check the last post ICONOMi you'll find the latest information if there
My advice to enable 2FA in your account and then wait for the announcement new exchanger

Daparski

sr. member

Activity: 504

Merit: 250

Quote from: liqui on October 12, 2016, 01:12:10 AM

Quote from: Kolder on October 11, 2016, 07:23:16 PM

Quote from: BitBanksy on October 11, 2016, 05:55:34 PM

Quote from: liqui on September 28, 2016, 03:01:31 PM

"hi" what a strange user name... This screenshot doesn't prove that Liqui has participated in the ICO

it is true. It can be trick using inspect element on browser or adobe photoshop edit. I will be convince that liqui holds that ICN once the ICONOMI team confirms that "Hi" have that amount of ICN!
But for now, Liqui's claim is just a hearsay, Trade with extreme caution!

Ok, guys - one more time. We send customers funds in ICO and collect all transaction data in this doc - https://docs.google.com/spreadsheets/d/1noAF1GSCVpRjIBP0FDaMQdSDqexVzxV5bYiwH66droI/edit#gid=0.

If it difficult to open doc, see this transactions here:

1) https://blockchain.info/tx/7df5858a5dda692d233aa3cae24a639938d5b3353a046f47970f53b12844a005
2) https://blockchain.info/tx/c99033ecd95e218df47a12f6575f2cb3d188c6c6aaa9618a709503acc6a84ff6
3) https://blockchain.info/tx/060615a31fef2b3905615dcc0e5a7a3c9bc08c513bdf5d0a1caa581c756a7281
4) https://blockchain.info/tx/2ac80ddc41d6fdd53f4cd2e130e88c58d3171237dc94ebef69ce374974505fc0
5) https://blockchain.info/tx/edc0131f992b0a2fa48b28a37472bb9e57cc11083025598e83a780be47d0d19d
6) https://blockchain.info/tx/ddc9c6b983b564376144948d6c9d35172c8ee1892757681419c6f8ea2087d7fd
7) https://blockchain.info/tx/fa4dff49a67e1783983dbabfd0a8c6a36e62abc35cdb267ff9386ed67f573074

So our IOU tokens cryptographically verified. All transactions sent from signed Liqui wallet - https://blockchain.info/address/19f11rD8xtSoCzwbxgqYmAbnXTqexG9Jma.

P.S. regarding ICO cabinet username - it is [email protected]

why don't you share a screenshot of the FINAL amount of ICN tokens, and not estimation? Also, how much IOUs you have? Can you show a proof that it is less or equal to the final amount of ICN tokens you have purchased?

pusaka

hero member

Activity: 1064

Merit: 589

Quote from: bearex on October 12, 2016, 01:45:29 AM

OPTION 1. Keep your ICN tokens in the ICONOMI ICO wallet.
You can withdraw ICN tokens at any time after 11 October.
By keeping your ICN tokens in the ICONOMI ICO wallet, no further action is required.

How to withdraw them?

check out here https://medium.com/iconominet/how-to-receive-icn-tokens-in-your-own-ethereum-wallet-72d6bee01b9d#.mftbx6ft2

Dank14

full member

Activity: 252

Merit: 100

Quote from: bearex on October 12, 2016, 01:45:29 AM

OPTION 1. Keep your ICN tokens in the ICONOMI ICO wallet.
You can withdraw ICN tokens at any time after 11 October.
By keeping your ICN tokens in the ICONOMI ICO wallet, no further action is required.

How to withdraw them?

Once your account has been funded with ICN, you will see the "Send ICN" option. So just send to any exchange of your choice listing ICN.

szafa

hero member

Activity: 812

Merit: 500

What happend if eth blockchain do not return to optimal funcional.

MrPresident

hero member

Activity: 644

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Think or swim.

Quote from: becauseI on October 12, 2016, 01:39:10 AM

The Problem is we hear nothing about any exchanges

That's not a problem, that's a requirement called "NDA" Non Disclosure Agreement

becauseI

full member

Activity: 154

Merit: 100

And on which hour tomorrow they started?

Axente

sr. member

Activity: 279

Merit: 250

Quote from: bearex on October 12, 2016, 01:45:29 AM

OPTION 1. Keep your ICN tokens in the ICONOMI ICO wallet.
You can withdraw ICN tokens at any time after 11 October.
By keeping your ICN tokens in the ICONOMI ICO wallet, no further action is required.

How to withdraw them?

If you read a few pages back and looked at their blog you would see they postponed it 2 days to wait on the ETH network to clear up.

bearex

hero member

Activity: 560

Merit: 501

OPTION 1. Keep your ICN tokens in the ICONOMI ICO wallet.
You can withdraw ICN tokens at any time after 11 October.
By keeping your ICN tokens in the ICONOMI ICO wallet, no further action is required.

How to withdraw them?

SweFinnish

member

Activity: 100

Merit: 10

Quote from: becauseI on October 12, 2016, 01:39:10 AM

The Problem is we hear nothing about any exchanges

It is not officially launched, how can exchange list it? Bitrrex is ready to launch but they need to wait for the launch first and then list it.

MoveCrypto

sr. member

Activity: 364

Merit: 250

move that crypto

https://ethstats.net/

It looks like roughly 16MM gas worth of transactions has been getting through on the ethereum network per 10 minutes, because many 0 transaction blocks are getting mined

less than 3000 transactions to distribute all the ICN (assuming 500+ investors didn't provide a ETH withdrawal address)

Token-sending transactions use about ~3.5x the gas of a normal ETH sending transaction, so around ~75000 gas per transaction.

(75000 gas per transaction)×(3000 transactions) = 225MM gas

(225MM gas) ÷ (96MM gas per hour) = 2h 20m

It would take iconomi a minimum of 2h 20m to send out all the ICN withdrawals.

If they increase the gas price of their transactions to 20x the normal rate of 0.00000002 ETH per gas:

(225MM gas)×(0.00000040 ETH per gas) = 90 ETH

If they wanted to distribute all the ICN with the network in its' current state, I estimate they could do it in less than 4 hours for less than 90 ETH

becauseI

full member

Activity: 154

Merit: 100

The Problem is we hear nothing about any exchanges

pusaka

hero member

Activity: 1064

Merit: 589

Quote from: becauseI on October 12, 2016, 01:16:08 AM

Hi, I am new here and happy that I can buy some ICN Tokens now.
I think the Price will really raise in the first to hours t x4 - x6.

After the first week we will see 0.01.

That Body who knows dont buy are really really really stupid.

Have someone now the new exchange on which you can trade them.

0.01 per icn? is too high, I think that it will be increase in the next month or next year.
0.01 in the first week is too hard.

marufnang

sr. member

Activity: 728

Merit: 250

Quote from: becauseI on October 12, 2016, 01:16:08 AM

Hi, I am new here and happy that I can buy some ICN Tokens now.
I think the Price will really raise in the first to hours t x4 - x6.

After the first week we will see 0.01.

That Body who knows dont buy are really really really stupid.

Have someone now the new exchange on which you can trade them.

i hope soo
It means 100x from ico price.

kingcrimson

legendary

Activity: 1025

Merit: 1000

Quote from: becauseI on October 12, 2016, 01:16:08 AM

Hi, I am new here and happy that I can buy some ICN Tokens now.
I think the Price will really raise in the first to hours t x4 - x6.

After the first week we will see 0.01.

That Body who knows dont buy are really really really stupid.

Have someone now the new exchange on which you can trade them.

The market is desperate right now for something legitimate. Just remember the DAO was valued at $250 million and that ICN > DAO.

becauseI

full member

Activity: 154

Merit: 100

Hi, I am new here and happy that I can buy some ICN Tokens now.
I think the Price will really raise in the first to hours t x4 - x6.

After the first week we will see 0.01.

That Body who knows dont buy are really really really stupid.

Have someone now the new exchange on which you can trade them.

liqui

hero member

Activity: 490

Merit: 500

Quote from: Kolder on October 11, 2016, 07:23:16 PM

Quote from: BitBanksy on October 11, 2016, 05:55:34 PM

Quote from: liqui on September 28, 2016, 03:01:31 PM

"hi" what a strange user name... This screenshot doesn't prove that Liqui has participated in the ICO

it is true. It can be trick using inspect element on browser or adobe photoshop edit. I will be convince that liqui holds that ICN once the ICONOMI team confirms that "Hi" have that amount of ICN!
But for now, Liqui's claim is just a hearsay, Trade with extreme caution!