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Topic: [ANN] ICONOMI - Fund Management Platform - page 966. (Read 1253965 times)

hero member
Activity: 565
Merit: 500
September 30, 2016, 01:21:33 PM
I had no idea the Dao raised that much. That's a lot of money to be lost. I hope Iconomi doesn't suffer a similar fate. Now I'm a little worried. They better take their time and not rush things. Isn't it better to have original code and not depend on Ethereum?

No funds are at risk with the ICONOMI contract (all funds in cold storage). It will be a very simplified smart contract.
sr. member
Activity: 368
Merit: 252
September 30, 2016, 01:13:48 PM
I had no idea the Dao raised that much. That's a lot of money to be lost. I hope Iconomi doesn't suffer a similar fate. Now I'm a little worried. They better take their time and not rush things. Isn't it better to have original code and not depend on Ethereum?
hero member
Activity: 1358
Merit: 513
September 30, 2016, 12:49:45 PM
ICN = what the DAO should have been. $160 mill are waiting for it.

Well, maybe it is and maybe it is not....

Imho its to soon to know, some projects not even began... Roll Eyes                                                                                                                                                                       
legendary
Activity: 1025
Merit: 1000
September 30, 2016, 12:46:51 PM
ICN = what the DAO should have been. $160 mill are waiting for it.
full member
Activity: 215
Merit: 100
September 30, 2016, 12:26:25 PM
1 ICN token could soon be worth 1 USD easy.

Anything connected to ETH will turn to gold.

Lambo Time  Grin



icn is gonna be the biggest asset in eth platform, market cap will be higher than digixdao.
sr. member
Activity: 504
Merit: 250
September 30, 2016, 12:21:49 PM
This was most likely asked and answered, but there si way to much to read.
So


Since Crowdfunding exceeds 10000 btc the rest will go into ICONOMI Cryptocurrencies Index.

I see i only got ICN.   So we will not directly get ICNX, but ICN will have a share in ICNX?

On the excess above 10000 BTC which is roughly 7160BTC we kick start the ICNP (performance).

How it will work out is relatively simple.

The ICONOMI team invest in different Crypto startups (ICOs etc) with the excess 7160BTC capital.
When they make a profit we get 100% of the ROI as ICN investors instead of the 20% performance fund fee.


So...I understand that, in addition to ICN tokens, ICO investors will also now get weekly dividends from ICNP...but...who actually owns the first 7160 BTC worth of ICNP tokens - ICONOMI or the ICO investors?  Who has the ability to send one of these initial ICNP tokens to Polo and sell it for a personal profit (and thus forgo any future dividend payments)?
I think it will be calculated based on the relative amount of ICNs that each one holds - that includes the 15% ICN tokens that are distributed among dev team, escrow, advisors, etc. ICN token represent % of the profit that Iconomi platform makes, and as long as there is "platform" money to burn on operational costs (salaries, development, maintenance, etc), ALL profits will be distributed between ICN holders.
The ideal scenario will be that at the time those 10,000 BC are burned (or spend if u like it), the platform will have enough traffic to sustain the operational costs and some more for weekly dividends.
hero member
Activity: 1050
Merit: 604
September 30, 2016, 12:14:14 PM
https://en.m.wikipedia.org/wiki/List_of_highest_funded_crowdfunding_projects

Still can't believe the DAO managed to secure $160 million and then screw it up.

ICONOMI is placed 11th on the list.

Hopefully, it becomes one of ethereum's success stories and gets us all our own lambos, hookers and blow retirement funds  Grin
newbie
Activity: 14
Merit: 0
September 30, 2016, 11:57:53 AM
Hardware pal, great questions. I would like to here some answers, too.
hero member
Activity: 565
Merit: 500
September 30, 2016, 11:50:55 AM
I know this is very premature until the 2017 ICONOMI.OFM release but I need to know a few details so investors I have that are interested in my fund can have better knowledge.

1) Will the assets in our open fund management portfolio be locked on ICONOMI? or will it be the open fund managers responsibility?
2) Will their be an internal exchange to trade the open fund management assets?
3) Do we need to have cryptoassets pre-purchased and added to our open fund?
4) Will their be anti-fraud security measures in place or is this trust dependant on who your open fund manager is ?
5) Will the open fund managers be able to customize their fee (profit for running the fund)?
6) Will their be % details on gains and loses similar to ICNX/ICNP?
7) Will we have custom introduction/details on our funds ?
8 ) Will the investors of the open fund management need to pay in FIAT or is BTC/ETH and other currencies accepted for shares in the custom open funds?


Thank you in advance

HardwarePal
ICONOMI Open Fund Manager  Cool

I think this thread should not involve anything related to bounty beggars or Liqui shill IOU exchange, it's getting ridiculous and my initial post was not answered that has more relevancy then the BS I have been hearing around here with 0 substance.
hero member
Activity: 1050
Merit: 604
September 30, 2016, 11:23:33 AM
So many IOU liqui paid shills with signature? It is sick. I would never and ever trade in this shit exchange.

Liqui paid US? I nothing got at this time

sr. member
Activity: 308
Merit: 250
September 30, 2016, 11:18:46 AM
So many IOU liqui paid shills with signature? It is sick. I would never and ever trade in this shit exchange.

Liqui paid US? I nothing got at this time
hero member
Activity: 924
Merit: 501
CryptoTalk.Org - Get Paid for every Post!
September 30, 2016, 11:12:53 AM
https://www.cryptocoinsnews.com/ethereum-based-investment-fund-iconomi-raises-over-8-9-million-in-ico/

https://www.cryptocoinsnews.com/jp-morgan-joins-ethereum-developing-private-blockchain-quorum/

Ethereum seems to be the future.

And ICN pays dividends in ETH.

I wonder if some merchant bankers invested FIAT in ICN.

Food for thought....

I smell the mother of all pumps soon.

 Grin



ICONOMI deserve this!
Ill just hold my tokens for years, just selling some token to get my ROI.
legendary
Activity: 1946
Merit: 1007
September 30, 2016, 11:12:48 AM
IOU trading is a nice way to make some money while the coin is not aivalable for trade yet.

All other ICOs that had IOU trading after launch have had one outcome: Crash hard compared to IOU price. Never hold IOUs when the coin is about to launch or get burned. Up to that point it is possible to make a nice profit though.
sr. member
Activity: 336
Merit: 252
September 30, 2016, 11:12:08 AM
So many IOU liqui paid shills with signature? It is sick. I would never and ever trade in this shit exchange.

Well they certainly are trying to corner the market as a "futures-crypto exchange" but their way of going about things is completely wrong.They should have stuck to their own thread and it is quite annoying to be seeing their shills spamming everywhere.
member
Activity: 89
Merit: 10
September 30, 2016, 11:09:07 AM
So many IOU liqui paid shills with signature? It is sick. I would never and ever trade in this shit exchange.
member
Activity: 115
Merit: 10
legendary
Activity: 1106
Merit: 1006
I ♥ BitcoinTalk
September 30, 2016, 11:06:05 AM
Trades ICN tokens opened today. The price is much higher than the set after ICO.

You mean you scammy IOU tokens on your stupid scam exchange...





I understand what you mean. I'm not going to argue with you or persuade you. I'm just stating a fact.
hero member
Activity: 1050
Merit: 604
September 30, 2016, 11:03:38 AM
Trades ICN tokens opened today. The price is much higher than the set after ICO.

You mean you scammy IOU tokens on your stupid scam exchange...



legendary
Activity: 1106
Merit: 1006
I ♥ BitcoinTalk
September 30, 2016, 11:00:07 AM
Trades ICN tokens opened today. The price (last price 0.00033601) is much higher than the set after ICO.
hero member
Activity: 1050
Merit: 604
September 30, 2016, 10:52:22 AM
1 ICN token could soon be worth 1 USD easy.

Anything connected to ETH will turn to gold.

Lambo Time  Grin

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