@muleroaa @ruletheworld
I wasn't in crypto in 2016 yet and didn't invest in Iconomi ICO, but when I first bought ICN tokens the dividends was still on the roadmap (early 2017). I've found this pdf dated July 2016, so I guess it is the original one made for crowdsale. They even ditched the token holders voting promise...
https://coss.io/documents/white-papers/iconomi.pdfICN tokens represent ownership of the ICONOMI platform, allowing their holders to receive dividends and vote on ICONOMI related issues.
On the positive side, the team delivered working product - fund management platform, and they are developing it pretty well. Not many blockchain projects did that.
Thanks for the link. It does seem like the original Whitepaper. I remember reading it before the ICO, but never saved a copy. Good to have a local copy just in case.
For reference on how much the team has gone back on their original promises, here's a quote. Note that dividends vs. buybacks is the least of people's concerns:
100 % of the ICONOMI tokens represent 100 % ownership of the ICONOMI platform, comprising of all assets and liabilities, as well as each and every right and obligation, including but not limited to intellectual property rights, branding and trademarks.
ICN tokens represent ownership of the ICONOMI platform, allowing their holders to receive dividends and vote on ICONOMI related issues.
ICN ownership entitles its possessor to participate in ICONOMI platform related voting. One of the most important voting issues will be the selection of service operators. ICN holders are free to vote on a service operator at any time after the ICONOMI platform has been launched, but not before a 24-month moratorium has passed.
I don't see the above being true one bit.
The biggest problem is, all these 'changes' were done AFTER the team raised millions of dollars from the ICO participants. This is material misrepresentation to investors.
With respect to the actual product being developed, I am quite happy with that to be honest, and you're right that they seem better than most ICOs that never deliver anything. With that being said, all the value is going to the team instead of the ICN holders as they promised during the ICO. This is a problem. It is as if they took the money from one group, and built something to benefit another group, violating all the promises made to the first group during the process of raising money. That's what is concerning - not the product itself, but the use of the funds to benefit the investors who put the money to build the product in the first place. That's why everyone is so keen on the ICN utility, so that the ICO investors can see some of the benefits from the platform as well.
The dividends aspect is just one of dozens of issues.
What's ICONOMI's stance on EIP999, given they are one of the largest projects affected? Is there somewhere I can read about the team's thoughts on this matter?
Iconomi was the second most affected
Lost Funds:
Polkadot: 306,276 ETH
ICONOMI: 114,939 ETH (value around 77 milion Dollars)
The vote has ended with:
55% against returning the funds
39.4 in favor of returning the funds
5.6% don't care
This is bad news but we will live.
(I'm not touching ETH again as a form of protest)
Why is it bad news? Should we agree for hardfork every time a badly written smart contract will be exploited to lock someone's funds? If this was $1000 worth of ETH on a random contract, as opposed to millions of dollars on a Parity multi-sig wallet, would you still vote in favor? Ever heard about immutable blockchain? Parity fu**ed up their code, let them learn a lesson.
Everybody has an opinion and i'm ok with that but since you asked me i will answer you. I would help someone who lost 1000$ or 100$ of ETH if had a choice. I would think about it even less if the choice would be as simple as voting or not voting at all. I think too many people play the "let them learn a lesson" disc when actually it's about greed and having more than half a mil ETH burned. Crypto is still developing, mistakes will still be made. I think (and hope) this kind of response from the community will raise questions in the minds of big future investors.
Everybody makes mistakes.... some people are ready to help those who make them, some are not. Maybe you will change this attitude when you have a wife and kids or just someone living with/around you.
1000$ won't ruin someone's life but 348 million dollars (600k eth) ruin a lot of life's. I bet you see the difference. But... a vote is a vote and we have to live with that.
I participate in ICO and never see any profit or dividend from this tokens.
Yes platform after many years and funds works but ICN token dont give us any profit.
Token without connection with platform are useless and nothing worth. Price depends from only speculation even with some burns. Burns nothing is still nothing worth.
Sorry who is "WE" 
Iconomi Team lost 77 milion $ not any "we" or "me" or "I lost". I dont lost anything - I have usueless ICN tokens when I start in ICO they promised payed dividends. No dividents only unless ICN tokens sometimes burned.They turned token into worthless thrash and now they are burning that trash.
SO WHY the hell you wrote that "WE" lost anything ? Maybe dev team but not me. I am not feeling like "investor" because I was scamed they promised dividends from platform but now we have UNLESS token no any use.So scamers lost 77 mill $ but holders ICN Tokens NOTHING lost because ICN token is woth 0 - no have any use and connection to succes platform. So I dont care about this "lost".
