Interested in hearing the answer to this as well.
Mr. ICONOMI;
Being the performance.fund has a healthy 8000-approx/Bitcoin start, does that mean that ICN token holders will be immediately getting annual 20% / 56week (.00357%)of that as a portion of the collected the maintenance fee every week?
please correct me here if wrong:
8000 x .2 = 1600btc
1600btc / 100m = 000016 btc worth of ETH per token annually?
.000016 x 100k tokens earn 1.6 btc worth of ETH per annual/56week starting out? (0.02857btc/week)
That's $17.48 a week for doing nothing with my ICN... $978.00/year.... if they never made a dime trading... that's 9% annual return without even compounding or any fund profits at all
Scary part is it just gets better from there.
Yea because if its even close; then add new/launch Performance Fund participants, so if they collect 10k btc in the performance fund the numbers above would be 2.2x(18k btc instead of 8 ), etc. but if we compound those numbers, then it gets serious. Then there's still the index fund... I'm not even sure what else goes toward icn dividends but that already is adding up well.
crystal ball says weekly dividend pumpThink about it... some will trade all week, and buy in minutes before dividend time, sell, rinse, repeat.
...and even still are those who will be looking to compound their weekly dividend earnings....
Iconomi.performance has a performance fee (not a maintenance fee) , meaning they will take ~20% of any profits they make from ico investments and distribute that to ICN token holders
So let's say they invest 1000 BTC into some icos and average return is 3x, profit would be 2000 BTC, so 400 BTC (~20%) from the profit would be sent to ICN token holders as dividends
iconomi.index is different because it takes a ~2% maintenance fee, meaning dividends from that fund will come always, regardless of gains or losses
I do agree that there will probably be a pump once people see dividends are actually being paid. Most altcoins are based totally on speculation ("maybe this will be used and generate revenue years from now" type of deal). Iconomi is different because they can immediately earn revenue and attract real clients by providing a useful service.