ICONOMI - Live for today. Invest for tomorrow. - page 27.

irwanjabryg

hero member

Activity: 980

Merit: 512

Quote from: ruletheworld on April 30, 2018, 05:05:41 PM

Quote from: estenity on April 28, 2018, 08:27:56 PM

ICN presently at 0.00016583 BTC

was 22,000 sat at ICO, then evidently ICN is now under its BTC ico price

better invest in BTC !!

Most tokens have underperformed BTC over a certain time period at least. However, your investment decisions need to be forward looking, not backward looking.

Where you can find an objective and professional assessment of ICO and other investment opportunities on the alternative investments` market?

someonesomeone

hero member

Activity: 933

Merit: 500

Alright to answer my own question, the ratio for OMG per ETH was supposedly: 0.0747

So Pinta currently has 55,554 ETH (I don't know if they have any other ETH and I will ignore the ETH locked in the parity wallet). So for those they got a bit over 4140 OMG which is $67k+. Not a huge amount but still something.

What happens for example to aidrops that are gained for assets in DAAs?

Quote from: someonesomeone on April 28, 2018, 11:04:45 AM

You are correct, my bad...

Well cool, that means that there will be more for buybacks then just platform revenue even if they don't sell any other ICO purchases, awesome!

Does anyone know how much OMG was airdropped per held ETH?

Quote from: therhslv on April 28, 2018, 06:43:16 AM

Quote from: someonesomeone on April 28, 2018, 04:24:35 AM

This is stated in the weekly update:

Airdopped OmiseGo tokens were sold for ETH, of which some will be added to Pinta and some will be used for buybacks. Details will be disclosed in the Q2 Financial Report.

Has anyone seen this in the Q2 report?

Q2 means Quarter 2 ( April , May , June ) So i think they will disclose details about that after June or start of july

I think they always did financial reports after each Quarter if i remember right . Its nice to see how they manage to spend money

Every other project should take a lesson from Iconomi

someonesomeone

hero member

Activity: 933

Merit: 500

Next weekly update:

https://medium.com/iconominet/iconomi-weekly-update-dd260ef06d5b

Bitcoin Crown Official

newbie

Activity: 14

Merit: 0

It seems interesting and promising.

Cangkeman Wae

member

Activity: 826

Merit: 10

I still remember that ICONOMI was the second token I joined ICO after TIME and I just hope that the price soon skyrocketed because it's been more than a year ICN project and it's time for the team to prove it

ruletheworld

legendary

Activity: 1386

Merit: 1045

Quote from: estenity on April 28, 2018, 08:27:56 PM

ICN presently at 0.00016583 BTC

was 22,000 sat at ICO, then evidently ICN is now under its BTC ico price

better invest in BTC !!

Most tokens have underperformed BTC over a certain time period at least. However, your investment decisions need to be forward looking, not backward looking.

estenity

hero member

Activity: 1923

Merit: 538

ICN presently at 0.00016583 BTC

was 22,000 sat at ICO, then evidently ICN is now under its BTC ico price

better invest in BTC !!

someonesomeone

hero member

Activity: 933

Merit: 500

You are correct, my bad...

Well cool, that means that there will be more for buybacks then just platform revenue even if they don't sell any other ICO purchases, awesome!

Does anyone know how much OMG was airdropped per held ETH?

Quote from: therhslv on April 28, 2018, 06:43:16 AM

Quote from: someonesomeone on April 28, 2018, 04:24:35 AM

This is stated in the weekly update:

Airdopped OmiseGo tokens were sold for ETH, of which some will be added to Pinta and some will be used for buybacks. Details will be disclosed in the Q2 Financial Report.

Has anyone seen this in the Q2 report?

Q2 means Quarter 2 ( April , May , June ) So i think they will disclose details about that after June or start of july

I think they always did financial reports after each Quarter if i remember right . Its nice to see how they manage to spend money

Every other project should take a lesson from Iconomi

dishku

legendary

Activity: 1918

Merit: 1003

Quote from: therhslv on April 28, 2018, 06:43:16 AM

Quote from: someonesomeone on April 28, 2018, 04:24:35 AM

This is stated in the weekly update:

Airdopped OmiseGo tokens were sold for ETH, of which some will be added to Pinta and some will be used for buybacks. Details will be disclosed in the Q2 Financial Report.

Has anyone seen this in the Q2 report?

Q2 means Quarter 2 ( April , May , June ) So i think they will disclose details about that after June or start of july

I think they always did financial reports after each Quarter if i remember right . Its nice to see how they manage to spend money

Every other project should take a lesson from Iconomi

Agreed with you by the end of Q2 they will publish this report and will show us all detailed with action they took and where they spend this money. There is still enough time to get access to this report so have patience I feel dev is working hard.

Awallon

sr. member

Activity: 518

Merit: 299

ICONOMI is a one of the few crypto projects with a working platform and scaling nicely. Both in users and assets.
Filled my ICN bag, but yeah, it's a long-term hold.

therhslv

sr. member

Activity: 1022

Merit: 264

Quote from: someonesomeone on April 28, 2018, 04:24:35 AM

This is stated in the weekly update:

Airdopped OmiseGo tokens were sold for ETH, of which some will be added to Pinta and some will be used for buybacks. Details will be disclosed in the Q2 Financial Report.

Has anyone seen this in the Q2 report?

Q2 means Quarter 2 ( April , May , June ) So i think they will disclose details about that after June or start of july

I think they always did financial reports after each Quarter if i remember right . Its nice to see how they manage to spend money

Every other project should take a lesson from Iconomi

someonesomeone

hero member

Activity: 933

Merit: 500

This is stated in the weekly update:

Airdopped OmiseGo tokens were sold for ETH, of which some will be added to Pinta and some will be used for buybacks. Details will be disclosed in the Q2 Financial Report.

Has anyone seen this in the Q2 report?

110910ktx

member

Activity: 182

Merit: 10

ICONOMI Weekly Update

Welcome to the last Weekly Update of April. Over the past week, we released our Q1 2018 Financial Report, hosted our fourth successful Meet the Managers event in Amsterdam and published a follow-up, and more.

Read more: https://medium.com/iconominet/iconomi-weekly-update-ca73a73b1580

Topknotbam

legendary

Activity: 1938

Merit: 1014

Official @deloitte statement on verifying #ICONOMI’s digital assets by carrying out the first blockchain audit:

https://www2.deloitte.com/si/en/pages/press/blockchain-industry.html#

https://twitter.com/iconominet/status/989444720643452939

someonesomeone

hero member

Activity: 933

Merit: 500

Nice, more then 570k burned tokens. I expected 500k+ so this is pretty good in my opinion. And I am also liking the fact that they are increasing their position in ICN, when it explodes there will be nice buyback profits from their ICN sales

Quote from: Capuchino on April 26, 2018, 12:11:01 PM

ICONOMI Financial Report — Q1 2018

https://medium.com/iconominet/iconomi-financial-report-q1-2018-81e1ea0a11a8

ruletheworld

legendary

Activity: 1386

Merit: 1045

Quote from: Gutenhans on April 26, 2018, 01:06:49 PM

i think they should stay impartial in public announcements and on the other side push more aggressively for a solution. They can still take matters in their own hands and fork, together with Polka and rest of the "parity" gang. They are not empty handed in this negotiation.

Anyway we burned more than half a mil tokens and that's nice to see. I find the report good, nice that they are on top of things with regulators, audits and legal stuff as i expect some new laws regarding crypto very soon.

No body will follow a fork without community consensus. "They" can take matters into their hands and fork into a worthless network but that's not the goal, is it?

Gutenhans

member

Activity: 135

Merit: 12

Call me Mr. Hans

i think they should stay impartial in public announcements and on the other side push more aggressively for a solution. They can still take matters in their own hands and fork, together with Polka and rest of the "parity" gang. They are not empty handed in this negotiation.

Anyway we burned more than half a mil tokens and that's nice to see. I find the report good, nice that they are on top of things with regulators, audits and legal stuff as i expect some new laws regarding crypto very soon.

ruletheworld

legendary

Activity: 1386

Merit: 1045

Quote from: sud on April 26, 2018, 02:23:20 AM

Quote from: ruletheworld on April 25, 2018, 05:09:47 PM

Quote from: sud on April 25, 2018, 02:48:45 AM

Quote from: ruletheworld on April 24, 2018, 05:50:45 PM

Are you seriously suggesting that $75 million+ of funds supposed to be held indirectly by ICN holders doesn't matter to the price of ICN, and 'we' haven't lose anything? Irrespective of whether you think the hard fork is a good or bad idea, surely you can agree that ICN holders collectively lost something.

Quote from: Gutenhans on April 25, 2018, 12:58:06 AM

Edit: at the time of the incident the 600k ETH was worth something like 30 mil and now it's worth 70 mil (rough numbers)
that's 40 mil difference and if you extract 20% (performance fee) you would see that we would have seen 8 milion $ used for burning. Now it's that nothing? again not to mention future proffits

OK, you are right guys, we have lost potential profit on ICN. It is just hard for me to belive that even if Iconomi would get those funds back, the price of ICN would be higher.

I don't understand the silence of the Iconomi team on this issue. You're talking about scores of millions of dollars here, not a trivial amount. For example, they could commit to using those funds to buyback and burn ICNs, which could actually make a difference this time given the large amount of money for the buyback and burn.

I think they (together with Polkadot and Parity team) are still working on solution to get those funds back, even if the hard fork won't happen. It would be amazing to see $70M worth of buybacks, but it is half the current marketcap on ICN, so it's pretty much unreal.

Yes, but it doesn't seem like the EIP999 would pass. The community is opposed to it. You cannot sit and scheme in the back rooms and then provide the "solution" to the community. There's a reason other projects, including Parity, have been out there in the public talking about this and trying to persuade the community. I don't see that from the Iconomi team, which is one of the projects affected by this.

Capuchino

hero member

Activity: 686

Merit: 500

ICONOMI Financial Report — Q1 2018

https://medium.com/iconominet/iconomi-financial-report-q1-2018-81e1ea0a11a8

someonesomeone

hero member

Activity: 933

Merit: 500

They would never use the full $70M. But this money could be invested and then 20% of the profits would be used for burning which could still be a lot of money.

And honestly, I think that a solution will be found sooner or later. The Polkadot guys lost ALL of their ICO money and no way that will stand. One of the Polkadot guys is even an Ethereum cofounder so they will find a way, I am sure of it.

Quote from: sud on April 26, 2018, 02:23:20 AM

Quote from: ruletheworld on April 25, 2018, 05:09:47 PM

Quote from: sud on April 25, 2018, 02:48:45 AM

Quote from: ruletheworld on April 24, 2018, 05:50:45 PM

Are you seriously suggesting that $75 million+ of funds supposed to be held indirectly by ICN holders doesn't matter to the price of ICN, and 'we' haven't lose anything? Irrespective of whether you think the hard fork is a good or bad idea, surely you can agree that ICN holders collectively lost something.

Quote from: Gutenhans on April 25, 2018, 12:58:06 AM

Edit: at the time of the incident the 600k ETH was worth something like 30 mil and now it's worth 70 mil (rough numbers)
that's 40 mil difference and if you extract 20% (performance fee) you would see that we would have seen 8 milion $ used for burning. Now it's that nothing? again not to mention future proffits

OK, you are right guys, we have lost potential profit on ICN. It is just hard for me to belive that even if Iconomi would get those funds back, the price of ICN would be higher.

I don't understand the silence of the Iconomi team on this issue. You're talking about scores of millions of dollars here, not a trivial amount. For example, they could commit to using those funds to buyback and burn ICNs, which could actually make a difference this time given the large amount of money for the buyback and burn.

I think they (together with Polkadot and Parity team) are still working on solution to get those funds back, even if the hard fork won't happen. It would be amazing to see $70M worth of buybacks, but it is half the current marketcap on ICN, so it's pretty much unreal.

Topic: ICONOMI - Live for today. Invest for tomorrow. - page 27. (Read 583522 times)