Topic: ICONOMI - Live for today. Invest for tomorrow. - page 306. (Read 583535 times)

Because if you manage to bluff your way to Millions of USD worth of funding the first time, why not try to do it a second time?

Just throw in a lot of complicated mumbo jumbo and tell the idiot investors on here that it's for the best and score!!!

Cofound.it will not render the performance fund useless. Cofound.it mentors projects and does not invest in them. This allows Iconomi to have better vetting of projects before they invest.

Thanks for this detailed explanation.Will not cofound.it render ICONOMI.performance useless?
I mean why is ICONOMI creating so many identical projects.?

ICONOMI is growing.Last I checked this thread price was low now high.

I am trying to click on "Find Out How" but it isnt working

These quotes and others shows that Tim and others at ICONOMI still have some serious communications problems in getting their message across to the public.  These communications problems need to get addressed immediately if not sooner, and should be at or near the top of the priority list.  Are you listening, guys?

There's gaps in my own understanding which I would appreciate somebody correcting.  In particular, what's the difference between DAMP (digital assets management platform) and OFM (open funds management) platform?   Newer and older names for the same thing?  Not clear to me at all, I missed that memo...

Anyway, ICONOMI has three main projects under development at the same time.  First is ICONOMI.performance, which invests directly in new cryptocoin IPOs.  A second is ICONOMI.index, which calculates an average price among a basket of cryptocoins selected by ICONOMI itself, then tracks changes in that price.  Third is the DAMP/OFM platform, which will be a marketplace where anybody can set up and run their own index fund like ICONOMI.index, based on a different personal mix of coins, and then try to attract investors to their fund as a higher-profit effort.  

ICN is a share of ownership in all ICONOMI software and intellectual property, as well as a share of the fees and profits ICONOMI makes from ALL THREE of their main projects, and also from any other efforts they fund in the future (such as cofound.it).  ICNX is a share of just the index-rise profit made from ONLY ONE of these projects.

There will be times where the ICONOMI.index falls, ICNX suffers a loss, but ICONOMI as a whole will make profit on their other projects.  On that day you want to be holding ICN, not ICNX.      

AFAIK it will be based on current market value so that I am also agreed with you or we have to wait for next their next announcement.

As i know they are purchasing off the exchanges therefore i guess they will just buy base on the exchange price?

How will ICONOMI determine the price for buyback? Any possibility of it being below the current market price?

There will be lot of services available on the Iconomi platform. I dont think every service can be grouped under a single name for example ICN

ICNX is one of the service provided

Those services will be different from one another. People should be able to identify which one is working best and which one is not so they can improve on that one i think

Previous discussion does not explain the need of having two tokens I.e ICN and ICNX. Wouldn't one be sufficient? I mean ICN could have acted like what ICNX is supposed to do.
Now the real profit would be given ICNX holders in terms of sharing profit from crypto trades.
Why was the ned to have ICN then?

I guess I didn't understand what you were asking. Want to ask again?

I guess the sleeping Dragon is still sleeping.

When time comes. Major exchange sites gonna list ICN.

Guess who's gonna wake the Dragon up?

There is no max number of ICNX coins.
If you buy one ICNX you are buying the Coins which are in the Index. (they will be bought automatically on an exchange like poloniex)
If you sell it the ICNX Token will be destroyed and the Coins will be selled on an exchange.

Iconomi is big. People who cant afford to invest in uprising cryptos will now be able to with ICNX.

But what is the max number of ICNX coins ?

Did you see the demo of new platform than that is clear this project will be on the top among top 5. I have so much believe in this because it is the way to start a new life.

Still, i guess the price is now stable at around $0.60 +-

Not sure if the buyback is performed yet but the 24hour volume somehow dropped compare to days ago

Today is $200k +-

Few days ago there was once 24hour it hit $800k

hmmm lets see

I've been reading.

As a holder of the token since ICO, I never touched it yet. I even kept on buying. I guess I know myself the purpose of the Asset I own.

Okay man, sorry to disturb your day 

Stable growth is a good sign for ICONOMI.

man, you need to read the replies before posting

The new platform looks really awesome. I hope they will GA it soon. Looks pretty full functioned already in the YouTube video. It's a great idea since the cryptomarket's market cap as a whole has been rising quickly. The ICNX idea may get many noncrypto investors in