ICONOMI - Live for today. Invest for tomorrow. - page 385.

stormia

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Quote from: honolulumark on March 08, 2017, 11:37:00 AM

https://blog.cashila.com/2017/03/07/cashila-is-suspending-retail-processing-to-focus-on-b2b-services/

So, they're shutting down cashilla to focus on Iconomi?

Huh I'd like to hear the team's reason for that.

Saksham

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Quote from: XbladeX on March 08, 2017, 10:00:33 AM

Quote from: Daparski on March 08, 2017, 09:38:43 AM

***
first day/hour ICO bonus is a turn off for me.

I hate those ridiculus bonuses for 1week/day more that 15% this put big shit on later investors with Chronobank they were trading below ICO regular price in 1h ...
Then people who got late on party write on forum why price has fallen , want blame bounties and they give 30% bonus.
With all those ICOs is one rule 1day/1hour or never if had presale then rather never Cool

You're a bit wrong, ( in Chronobank case) a lot of people bought TIME when BTC was 750 - 800 ( + bonus). It's not always about of bonus Wink

BioMoh

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price plz go up to 50 cent

honolulumark

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Knowledge is power

Quote from: xtyling on March 08, 2017, 12:52:52 PM

ICN rising, all other alts and bitcoin are in red!

yep looks like btc may dip hard

xtyling

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Crypto is Life!

ICN rising, all other alts and bitcoin are in red!

rgornik

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Quote from: honolulumark on March 08, 2017, 11:37:00 AM

https://blog.cashila.com/2017/03/07/cashila-is-suspending-retail-processing-to-focus-on-b2b-services/

So, they're shutting down cashilla to focus on Iconomi?

Dont worry guys, it looks like Cashila's primary market target will be doing business with those who are interested to invest via Iconomi into crypto which is understandable due to the money flow it will generate

rgornik

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Quote from: Daparski on March 08, 2017, 04:22:35 AM

Quote from: rgornik on March 08, 2017, 03:48:37 AM

Quote from: XbladeX on March 08, 2017, 03:28:27 AM

Nothing much new as that they are working - currently we have closed beta.
Yesterday were news how they will price Arrays that is 3-10% fees for managers and they will collect 30% of that fee.
That looks really good when you think that swings in crypto are +- 10% daily.
If it will be working good it will be revolutionary

Hey, where was that published?

slack, someone went to Munich meetup and met with Yan. He shared pictures. Was posted here as well - scroll back 1-2 pages you will see a post from Hardwarepal

thanks, found it on slack. was out yesterday, busy busy

B!gSmoke

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Respect has to be earned, just like money!

Quote from: honolulumark on March 08, 2017, 11:37:00 AM

https://blog.cashila.com/2017/03/07/cashila-is-suspending-retail-processing-to-focus-on-b2b-services/

So, they're shutting down cashilla to focus on Iconomi?

That doesn`t make sense. In their e-mail we received yesterday they write:

The ICONOMI Digital Assets Management Platform will offer several fiat ramp-ups, including Cashila.

Maybe it`s just temporary and they working on implying Cashila to the DAMP.

honolulumark

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Knowledge is power

https://blog.cashila.com/2017/03/07/cashila-is-suspending-retail-processing-to-focus-on-b2b-services/

So, they're shutting down cashilla to focus on Iconomi?

ethbits

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I see the price has turned but the volume remaining steady.

XbladeX

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Quote from: Daparski on March 08, 2017, 09:38:43 AM

***
first day/hour ICO bonus is a turn off for me.

I hate those ridiculus bonuses for 1week/day more that 15% this put big shit on later investors with Chronobank they were trading below ICO regular price in 1h ...
Then people who got late on party write on forum why price has fallen , want blame bounties and they give 30% bonus.
With all those ICOs is one rule 1day/1hour or never if had presale then rather never Cool

Daparski

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Quote from: MoveCrypto on March 08, 2017, 09:31:18 AM

Quote from: Sharma on March 08, 2017, 05:49:21 AM

My guess is ICONOMI has invested in WeTrust.Can anyone confirm this?
WeTrust collected 1k btc on the very first day of ICO.
Not possible without a big player investment.

Here is the thing that stopped me from investing in WeTrust:

Team keeps all the ETH from ico. Team keeps over 10% of TRST supply. And they keep the fees generated by platform.

It would be much more attractive if all the fees from platform were distributed to TRST holders.

They are in US and probably afraid of the old Howey Test, so it would also work to collect all the fees into a smart contract, then TRST holders could vote on how to spend them. Or burning some TRST to shrink the supply would have the same effect as distributing fees.

I brought up the issue of the fees 2-4 times before and during the ico and was ignored or given a copy/paste response from team. This was also the main issue people on reddit had:

https://www.reddit.com/r/ethtrader/comments/5wzzmq/wetrust_crowdsale_underway_dont_miss_the_1st_day/

Other than that, it looks like a great project with great people.

first day/hour ICO bonus is a turn off for me.

CityStreet

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Quote from: Enjorlas on March 08, 2017, 09:05:16 AM

Quote

I think that smar people will load with ICONOMI since it looks like good surce of income from crypto, next to exchanges, hazad/gambling / tax dogging Cheesy / black market.
ICONOMI business suits to crypto IMO.

Right. I hear many people say things like, "Several of my coworkers are interested in buying ICNX" and "My Grandmother wants to buy $1000 worth" etc. An alt coin that appeals to such a broad audience ha a bright future. Not to mention the legions of fund managers waiting in line. It is literally a way to make passive income with just a few button presses on a computer.

As I see on long term there is (among others) one important fundamental thing for attracting investors:

--a "loop" from and to real economy--

Once this financing circle is establish, it will get interesting.

MoveCrypto

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move that crypto

Quote from: Sharma on March 08, 2017, 05:49:21 AM

My guess is ICONOMI has invested in WeTrust.Can anyone confirm this?
WeTrust collected 1k btc on the very first day of ICO.
Not possible without a big player investment.

Here is the thing that stopped me from investing in WeTrust:

Team keeps all the ETH from ico. Team keeps over 10% of TRST supply. And they keep the fees generated by platform.

It would be much more attractive if all the fees from platform were distributed to TRST holders.

They are in US and probably afraid of the old Howey Test, so it would also work to collect all the fees into a smart contract, then TRST holders could vote on how to spend them. Or burning some TRST to shrink the supply would have the same effect as distributing fees.

I brought up the issue of the fees 2-4 times before and during the ico and was ignored or given a copy/paste response from team. This was also the main issue people on reddit had:

https://www.reddit.com/r/ethtrader/comments/5wzzmq/wetrust_crowdsale_underway_dont_miss_the_1st_day/

Other than that, it looks like a great project with great people.

Enjorlas

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Quote

I think that smar people will load with ICONOMI since it looks like good surce of income from crypto, next to exchanges, hazad/gambling / tax dogging Cheesy / black market.
ICONOMI business suits to crypto IMO.

Right. I hear many people say things like, "Several of my coworkers are interested in buying ICNX" and "My Grandmother wants to buy $1000 worth" etc. An alt coin that appeals to such a broad audience ha a bright future. Not to mention the legions of fund managers waiting in line. It is literally a way to make passive income with just a few button presses on a computer.

XbladeX

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Quote from: CityStreet on March 08, 2017, 07:22:52 AM

***
But basic understanding in this calculation is - cca. 1% dividend yield @current ICN price.

yes is 1% when you take fee 1% if your fee will be 10% you will have 10% dividend yeld

+
if you add ICNX 3% and ICNP 20% with similar value you will have next 1%-10% dividend yeld
+
add 6000 BTC in ICOs in ICNp funds going into fund and over year they will make profits like 3x it will be next 20-30%
***

So you end with something like 10% - 50% dividend yeld at end gold silver BTC ETH don't pay dividends.
I think that smar people will load with ICONOMI since it looks like good surce of income from crypto, next to exchanges, hazad/gambling / tax dogging Cheesy

/ black market.
ICONOMI business suits to crypto IMO.

CityStreet

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Quote from: Daparski on March 08, 2017, 06:42:39 AM

Quote from: CityStreet on March 08, 2017, 06:23:28 AM

Quote from: Mendeleev on March 08, 2017, 05:41:04 AM

I feel like some people aren't understanding that the 30% of the management fee is what will be distributed as dividends... not just profit for the Iconomi team.

Fund manager keeps 70% of the fee they charge.
30% is split across 100,000,000 ICN.

Roll Eyes

If management fee for OFM is 1% @30%, they get 30% of 1%p. a. and most of it will be distributed as "dividends" among 87.000.000 (!).

Or 1% of OFM NAV (nett asset value) diveded by 365, you get daily man. fee, and 30% of it is "daily" income for ICN holders, as stated, should be distributed weakly...

ICNX and ICNP goes as 100% of the fee ...

example:
if OFM has flat NAV through the 365 days 100.000.000 EUR NAV
1% man. fee -> 1.000.000 EUR p.a.
30% of 1% -> 300.000 EUR p.a.
300.000 gets distributed among 87.000.000 ICN holders or 0,00345 EUR / ICN on yearly basis.

That's the way I understand it. Please correct me if I'm wrong.

I think it is still too early to calcualte OFM (DAMP) fees structure in details. Let's have the platform with ICNX released first.

You have one fundamental mistake - dividends payments will always be distributed to all 100M ICN tokens

Aha, thank you.
Yeah, agreed.
But basic understanding in this calculation is - cca. 1% dividend yield @current ICN price.

Conic

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ICONOMI should add Waves again.

Daparski

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Quote from: CityStreet on March 08, 2017, 06:23:28 AM

Quote from: Mendeleev on March 08, 2017, 05:41:04 AM

I feel like some people aren't understanding that the 30% of the management fee is what will be distributed as dividends... not just profit for the Iconomi team.

Fund manager keeps 70% of the fee they charge.
30% is split across 100,000,000 ICN.

Roll Eyes

If management fee for OFM is 1% @30%, they get 30% of 1%p. a. and most of it will be distributed as "dividends" among 87.000.000 (!).

Or 1% of OFM NAV (nett asset value) diveded by 365, you get daily man. fee, and 30% of it is "daily" income for ICN holders, as stated, should be distributed weakly...

ICNX and ICNP goes as 100% of the fee ...

example:
if OFM has flat NAV through the 365 days 100.000.000 EUR NAV
1% man. fee -> 1.000.000 EUR p.a.
30% of 1% -> 300.000 EUR p.a.
300.000 gets distributed among 87.000.000 ICN holders or 0,00345 EUR / ICN on yearly basis.

That's the way I understand it. Please correct me if I'm wrong.

I think it is still too early to calcualte OFM (DAMP) fees structure in details. Let's have the platform with ICNX released first.

You have one fundamental mistake - dividends payments will always be distributed to all 100M ICN tokens

CityStreet

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Quote from: Mendeleev on March 08, 2017, 05:41:04 AM

I feel like some people aren't understanding that the 30% of the management fee is what will be distributed as dividends... not just profit for the Iconomi team.

Fund manager keeps 70% of the fee they charge.
30% is split across 100,000,000 ICN.

Roll Eyes

If management fee for OFM is 1% @30%, they get 30% of 1%p. a. and most of it will be distributed as "dividends" among 87.000.000 (!).

Or 1% of OFM NAV (nett asset value) diveded by 365, you get daily man. fee, and 30% of it is "daily" income for ICN holders, as stated, should be distributed weakly...

ICNX and ICNP goes as 100% of the fee ...

example:
if OFM has flat NAV through the 365 days 100.000.000 EUR NAV
1% man. fee -> 1.000.000 EUR p.a.
30% of 1% -> 300.000 EUR p.a.
300.000 gets distributed among 87.000.000 ICN holders or 0,00345 EUR / ICN on yearly basis.

That's the way I understand it. Please correct me if I'm wrong.

Topic: ICONOMI - Live for today. Invest for tomorrow. - page 385. (Read 583535 times)