[ANN] ICONOMI - Fund Management Platform - page 837.

electronicash

legendary

Activity: 3234

Merit: 1055

Quote from: Wall-Street on October 10, 2016, 11:06:26 PM

Quote from: MoveCrypto on October 10, 2016, 10:59:07 PM

(~75000 gas per transaction) × (~3000 transactions) = ~225MM gas to distribute the ICN

(225MM gas)÷(1.5MM gas per block) = 150 blocks

It will take a minimum of 150 full blocks to distribute all the ICN, but probably more

Even if the gas limit went back up to 4.5MM per block, it would still take a minimum of 50 full blocks to distribute all the ICN

So either way, some people will get their ICN earlier than others, and the network will get clogged up with ICN transactions for a bit.

But not everyone wants their ICN at the same time.

Lot of people don't mind waiting.

True. i certainly don't mind waiting. time is the only i have actually but yeah. I've been waiting for a coin that will replace bitcoin or at some point may also have a value larger than what ETH have. If ICN is one, i will definitely keep the rest of what i have.

DaniellPlasmmer

full member

Activity: 210

Merit: 100

If I remove my ethereum wallet address, my ICN will go to an invalid address or been keept in the ICO site?

junder

hero member

Activity: 1092

Merit: 507

Leading Crypto Sports Betting & Casino Platform

Quote from: MrPresident on October 10, 2016, 09:55:02 PM

General info post:

To get your tokens you must have a few housekeeping chores done.
1. You must have 2fa enabled on your account 36 hours prior. (do right now)
2. You are not required to move your coin.
3. If you plan on storing your tokens yourself, or transferring to an exchange, you will have 4 options:
options 1 & 2: Use latest geth release in combo with latest mist or etherwallet release. (mist my preferred method)
Mist or etherwallet: https://github.com/ethereum/mist/releases/tag/v0.8.4
Geth: https://github.com/ethereum/go-ethereum/releases:
Install geth after mist or etherwallet (both are on same git page)
Option 3: Install "Parity" Ethereum Lite client wallet. It works as is, and only need sync the last 2800 blocks. https://ethcore.io/parity.html
Option 4: https://www.myetherwallet.com/#generate-wallet
Directions for secure offline storage using myetherwallet are here:
https://bitcointalksearch.org/topic/m.16514091
Here's a post on the process:
https://bitcointalksearch.org/topic/m.16514091

Here is the blog entry explaining the token watch entry process:
https://medium.com/iconominet/how-to-receive-icn-tokens-in-your-own-ethereum-wallet-72d6bee01b9d#.wpzbmc3zz

Tokenshare calc:
https://medium.com/iconominet/token-share-calculation-affd1c96c482#.plzds0vr4

Tokenshare spreadsheet:
https://docs.google.com/spreadsheets/d/1FztYXiSJy5Ps2xc2nF4D8SHmVEimeFpAzeCfXkptQ00/edit#gid=0

Congrats to all, and good luck!

Nice post and very helpfull
how about the deviden? if we want to hold icn at ico account?
thanks

DaniellPlasmmer

full member

Activity: 210

Merit: 100

Quote from: forzendiablo on October 10, 2016, 09:27:32 PM

yea i want to trade but zero infos.....

You can wait till october 13 when the ICN will be issued. After the stabilization of the network will be the possibility to exchanges add it, starting possibly by Bittrex.

MrPresident

hero member

Activity: 644

Merit: 500

Think or swim.

Quote from: MoveCrypto on October 10, 2016, 10:59:07 PM

(~75000 gas per transaction) × (~3000 transactions) = ~225MM gas to distribute the ICN

(225MM gas)÷(1.5MM gas per block) = 150 blocks

It will take a minimum of 150 full blocks to distribute all the ICN, but probably more

Even if the gas limit went back up to 4.5MM per block, it would still take a minimum of 50 full blocks to distribute all the ICN

So either way, some people will get their ICN earlier than others, and the network will get clogged up with ICN transactions for a bit.

72 tx per block so 3500tx /72 is 48.6 so 50 blocks on a clear network.
then we start trading 500 blocks later (contract address post)
probably small eth gas bidwar during launch so don't be stingy

Wall-Street

full member

Activity: 196

Merit: 100

Quote from: MoveCrypto on October 10, 2016, 10:59:07 PM

(~75000 gas per transaction) × (~3000 transactions) = ~225MM gas to distribute the ICN

(225MM gas)÷(1.5MM gas per block) = 150 blocks

It will take a minimum of 150 full blocks to distribute all the ICN, but probably more

Even if the gas limit went back up to 4.5MM per block, it would still take a minimum of 50 full blocks to distribute all the ICN

So either way, some people will get their ICN earlier than others, and the network will get clogged up with ICN transactions for a bit.

But not everyone wants their ICN at the same time.

Lot of people don't mind waiting.

DaniellPlasmmer

full member

Activity: 210

Merit: 100

Quote from: aDAPPter on October 10, 2016, 10:48:53 PM

Quote from: DaniellPlasmmer on October 10, 2016, 10:47:29 PM

Quote from: xtyling on October 10, 2016, 09:26:27 PM

I predict 100$ by end of day 1 Cheesy

Did you mean the individual value of ICN? I think it is impossible.

Same was said in 2011 about Bitcoin when it was under $1

I was cetic thinking in other comments, sorry.

MoveCrypto

sr. member

Activity: 364

Merit: 250

move that crypto

(~75000 gas per transaction) × (~3000 transactions) = ~225MM gas to distribute the ICN

(225MM gas)÷(1.5MM gas per block) = 150 blocks

It will take a minimum of 150 full blocks to distribute all the ICN, but probably more

Even if the gas limit went back up to 4.5MM per block, it would still take a minimum of 50 full blocks to distribute all the ICN

So either way, some people will get their ICN earlier than others, and the network will get clogged up with ICN transactions for a bit.

DaniellPlasmmer

full member

Activity: 210

Merit: 100

Quote from: aDAPPter on October 10, 2016, 10:44:58 PM

Quote from: ?? on ??

Quote from: target on October 10, 2016, 09:53:51 PM

Quote from: DaniellPlasmmer on October 10, 2016, 09:43:47 PM

Quote from: xtyling on October 10, 2016, 09:26:27 PM

I predict 100$ by end of day 1 Cheesy

The best predict I've seen here was 10$ for the end of october.

ain't that too soon?
eth took 2 years before they get to have sufficient value. it would be really surprising to see ICN get about $2 be the end of the year. i will sure have thousands of USD if that happen though.

Exactly!

The funny thing is that to reach $ 100 I'll be a millionaire in my country Shocked

If ICN becomes a successful investment fund that represent all crypto currencies & blockchain fintech; $100 in not too far fetch.

Explain more about it, please. How ICONOMI will represent all crypto currencies and how because it can reach 100$?

MrPresident

hero member

Activity: 644

Merit: 500

Think or swim.

Quote from: kingcrimson on October 10, 2016, 10:29:38 PM

I believe it can hit $2.50 which is the value of the DAO. $250 mill.

That's actually a conservative estimate imho Wink

aDAPPter

full member

Activity: 196

Merit: 100

Quote from: DaniellPlasmmer on October 10, 2016, 10:47:29 PM

Quote from: xtyling on October 10, 2016, 09:26:27 PM

I predict 100$ by end of day 1 Cheesy

Did you mean the individual value of ICN? I think it is impossible.

Same was said in 2011 about Bitcoin when it was under $1

DaniellPlasmmer

full member

Activity: 210

Merit: 100

Quote from: xtyling on October 10, 2016, 09:26:27 PM

I predict 100$ by end of day 1 Cheesy

Did you mean the individual value of ICN? I think it is impossible.

aDAPPter

full member

Activity: 196

Merit: 100

Quote from: ?? on ??

Quote from: target on October 10, 2016, 09:53:51 PM

Quote from: DaniellPlasmmer on October 10, 2016, 09:43:47 PM

Quote from: xtyling on October 10, 2016, 09:26:27 PM

I predict 100$ by end of day 1 Cheesy

The best predict I've seen here was 10$ for the end of october.

ain't that too soon?
eth took 2 years before they get to have sufficient value. it would be really surprising to see ICN get about $2 be the end of the year. i will sure have thousands of USD if that happen though.

Exactly!

The funny thing is that to reach $ 100 I'll be a millionaire in my country Shocked

If ICN becomes a successful investment fund that represent all crypto currencies & blockchain fintech; $100 in not too far fetch.

kingcrimson

legendary

Activity: 1025

Merit: 1000

I believe it can hit $2.50 which is the value of the DAO. $250 mill.

Kid-A

newbie

Activity: 31

Merit: 0

Yes, I hope ICNX will added to Poloniex or bittrex , there is the biggest exchanger for altcoin today, many coin getting succes with that exchanger.
SALUTE For ICNX Team.

DaniellPlasmmer

full member

Activity: 210

Merit: 100

Quote from: ICONOMI on October 10, 2016, 09:52:50 PM

Quote from: DaniellPlasmmer on October 10, 2016, 09:50:21 PM

Quote from: Strongkored on October 10, 2016, 09:43:07 PM

Quote from: forzendiablo on October 10, 2016, 09:27:32 PM

yea i want to trade but zero infos.....

no zero infos, but iconomi team still prepare for a the best they dont want fail with their project, wait and patient is a best way, major exchange will interest to added ICN to their website maybe bittrex is the first place

The ticker isn't "ICN", but "ICNX".

It is ICN.

ICNX is ICONOMI.index which will be CTF - tradable fund.

Sorry for my mistake. Good to know.

MrPresident

hero member

Activity: 644

Merit: 500

Think or swim.

Quote from: digaran on October 10, 2016, 09:55:17 PM

There is a question if bounties are fixed and over then why every hour the estimated total amount going down?

bounties are done, and the numbers you see on the site now are final calculations.
https://medium.com/iconominet/iconomi-ico-token-share-calculation-finalised-9747e69d496d#.3zugnhrle

digaran

copper member

Activity: 1330

Merit: 899

🖤😏

There is a question if bounties are fixed and over then why every hour the estimated total amount going down?

MrPresident

hero member

Activity: 644

Merit: 500

Think or swim.

General info post:

To get your tokens you must have a few housekeeping chores done.
1. You must have 2fa enabled on your account 36 hours prior. (do right now)
2. You are not required to move your coin.
3. If you plan on storing your tokens yourself, or transferring to an exchange, you will have 4 options:
options 1 & 2: Use latest geth release in combo with latest mist or etherwallet release. (mist my preferred method)
Mist or etherwallet: https://github.com/ethereum/mist/releases/tag/v0.8.4
Geth: https://github.com/ethereum/go-ethereum/releases:
Install geth after mist or etherwallet (both are on same git page)
Option 3: Install "Parity" Ethereum Lite client wallet. It works as is, and only need sync the last 2800 blocks. https://ethcore.io/parity.html
Option 4: https://www.myetherwallet.com/#generate-wallet
Directions for secure offline storage using myetherwallet are here:
https://bitcointalksearch.org/topic/m.16514091
Here's a post on the process:
https://bitcointalksearch.org/topic/m.16514091

Here is the blog entry explaining the token watch entry process:
https://medium.com/iconominet/how-to-receive-icn-tokens-in-your-own-ethereum-wallet-72d6bee01b9d#.wpzbmc3zz

Tokenshare calc:
https://medium.com/iconominet/token-share-calculation-affd1c96c482#.plzds0vr4

Tokenshare spreadsheet:
https://docs.google.com/spreadsheets/d/1FztYXiSJy5Ps2xc2nF4D8SHmVEimeFpAzeCfXkptQ00/edit#gid=0

Congrats to all, and good luck!

target

legendary

Activity: 2282

Merit: 1041

Quote from: DaniellPlasmmer on October 10, 2016, 09:43:47 PM

Quote from: xtyling on October 10, 2016, 09:26:27 PM

I predict 100$ by end of day 1 Cheesy

The best predict I've seen here was 10$ for the end of october.

ain't that too soon?
eth took 2 years before they get to have sufficient value. it would be really surprising to see ICN get about $2 be the end of the year. i will sure have thousands of USD if that happen though.

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