Topic: ICONOMI - Live for today. Invest for tomorrow. - page 270. (Read 583526 times)

Investment in golem at what time? I remember they announced investing in golem when it was at around 2k, but the price did not bump as much as it did a while after getting on poloniex. Right now is maintaining a steady course downwards I suppose. Where does Icn jump in, if their ico is not riding the wave? but I assume they did not buy golem coins itself?

So i've been away for a while now.

If you have funds on the ICO site what is best to do now??

Is there a working investment console ready and functioning so that I can move my icn there and benefit from their ico investments made on my behalf yet or still best to leave it on the ico site?

What about the investments icn already made like golem etc? did you have to have the icn in your wallets to benefit from these gains or were the calculated and added to the ico funds already there?

How a buy/burn profit distribution is going to lead to centralization of the tokens they have?
Their tokens will be released end of this month, but not all at once. They are vested over 24 months, meaning every month they will get 1/24 of their share.

Regardless of that, I don't understand how it is related to their tokens specifically. The total supply will be reduced, it's not that certain tokens will have bigger weight.

NK?  Seriously?  WTF?

I grow increasingly weary of the shell game being played by ICONOMI.  It is killing me that nobody is asking - OR ESPECIALLY ANSWERING - the right questions here.

The goal of ICONOMI is to earn a ROI for ICN holders who funded them in the ICO.  To generate this ROI, ICONOMI is running three projects - DAMP, ICNX and ICNP.  

Now what do each of these three projects contribute to the ROI of ICN holders?  DAMP = fees.  ICNX = percentage increases.  ICNP = multiples.

If you could only have one project contributing to the ROI of your ICN, which would you choose - the project returning fees on your investment, the project returning percentage increases on your investment, or the project returning multiples on your investment?

When ICONOMI first came out of the ICO, it had resources in five currencies:  BTC, ETH, LSK, EUR and USD.  The total amount of resources raised from the ICO was around 17,000 BTC. The deal was that 10,000 BTC would go to fund ICONOMI development and the rest would be put into ICNP.

The original ICNP resources at the end of ICO were around 7000 BTC equivalent  worth 605.89 USD each.  This totaled roughly $4.25 million.

Key questions -  Has the money allocated to ICNP been segregated into seperate accounts from the original 10K BTC of ICONOMI operating expenses?  How much of what currency was set aside to go into ICNP?   What are the account numbers for the BTC, ETH and LSK that have been allocated to ICNP?

What percent of the total ICNP fund has been spent purchasing other cryptocurrencies and what percent of it remains unused so far?

What are the new currencies that ICNP has taken a stake in - dates of purchase, cost per coin at time of purchase, and amounts puchased?

Since the ICO, BTC has appreciated by a factor of 1.97, ETH has appreciated by a factor of 3.68 and LSK has appreciated by a factor of 1.20.    

What is the appreciated value of the unused ICNP funds?

Waiting for a published quarterly report with all this info is so old economy.

Where can I find a continuously updated dashboard with this basic ICNP information?  

And since I know the answer to the question above, here's another:

When will a continuously updated dashboard with this basic ICNP information go online?

I have cross-posted these questions directly to Slack and Reddit: https://www.reddit.com/r/ICONOMI/comments/65ba12/questions_on_icnp/

It's a buy and burn.  Overall supply is reduced.

There is nothing clear about the gains of Iconomi, quite dark and gives me the feeling that the delay are benefits for the team. They have a lot of money to invest and the numbers I see are crumbs, even me or anyone with a little experience could make better profits, I am not convinced ...

Iconomi sold 1/3 of their Golem tokens for ROI+ 1000 eth profit.

I want to ask if the team will also be burning their own ICN tokens, because if they keep buying and buying tokens on the exchange this is going to lead to centralization of the tokens on the hands of developers leaving investors nothing to actually hold on to, what they promised was dividends before the ICO and now change of tone that they wont be paying dividends again

They invested 5000 ETH when ETH = ~$10 USD

I'm not sure if they closed the entire position or not.  The statement doesn't clarify that.  Maybe I'm wrong - somebody care to elaborate?

I want to ask if the team will also be burning their own ICN tokens, because if they keep buying and buying tokens on the exchange this is going to lead to centralization of the tokens on the hands of developers leaving investors nothing to actually hold on to, what they promised was dividends before the ICO and now change of tone that they wont be paying dividends again

From what I understand there will be no dividends.

There is no such thing as "leaving our ICN on auto pilot" anymore, as to realize any profit you need to sell your ICN.  (over time as total supply decreases, even as you sell ICN your % of overall ICN could remain constant.  I get this principle, but it still relies on me putting ICN on an exchange and selling it)

Also, from this line - Golem investment proceeds were already realized and measure 1000 ETH - I infer that they closed out their Golem position, presumably before Golem started spiking.  (they invested 5000 ETH initially)

Okay that's fair enough. So all those that invested in the ICO are benefitting from the drastic rise from golem ?

I mean so far there is no site or any way to decide what you use your icn to invest in so I guess they are just doing it all on our behalf and we will eventually get all the dividends shared out between us all.

I hope they finish up the console soon so we can either leave our icn on auto pilot and they invest for us or we decide which projects we go for.

they announce investments in ICOs after the ICO has finished. You can read about them in the official medium page. You will find info about byteball as well