Optional? What do you mean by that? The money that will seed the performance fund will stay there forever? What is the difference between ICO seeding funds and future money invested? Why would future money invested be liquid-able and seed money not? Fund money is fund money
Optional would be to set the ICO cap to 10,000 BTC and THEN send invitation to all ICO participants for future and OPTIONAL participation in the fund
I am still missing something vital

I made the highlighted estimation based on 100% profits return to shareholders. I guess it will be more like ~20%?

Hi all and @Iconomi team,

After reading thoroughly the related questions and answer from Jaka from the slack channel in regards to the performance fund money raised.
here is the answer from Jaka (thanks a lot for the efforts, it looked like a very busy evening there):
***
regarding your question "Will ICN holders OWN the performance fund and profit from any gains according to there share of ICN tokens? "  and all related questions… ... Answer is "not own, but profit from it"...   How? We all are investors into ICONOMI, and if ICONOMI invests its assets and benefits from it, then value of ICONOMI goes up… Lets illustrate.. if we would end ICO with $10M of raised capital, and you invested $1M (remember, 15% is reserved for founders/iconomi team, and 85% of ICN tokens are for investors, proportionally to size of their investment), that means that of 100M ICN tokens, you would get 8,5 million ((100M*0.85)*(1M/10M)). So you would be 8,5% owner of ICONOMI.
Now, ICONOMI can either sit on the money, or make the most out of it by investing. We could invest into bonds or stocks or put money in the bank account – but since we believe in decentralized economy, and are preparing our own investment vehicle for it, it is most logically to invest into our own vehicle (ICONOMI.PERFORMANCE fund). But from investor’s/shareholder’s point of view it is (almost) irrelevant. If investments will be profitable, then value of ICONOMI will rise and ICNs will be consequently worth more. Investors would benefit with ICN price going up, and additionally from: a) the maintenance fees that funds are paying  to ICONOMI, b) when funds make profit by liquidating an investment, ICONOMI gets a performance fee.
So to illustrate further – Shareholder of ICONOMI with 8,5% share, would be entitled for 8,5% of all these profits in form of dividends. And besides that his ICN dollar value would go up, since ICONOMI would be a profitable company.
***
Here is what I don't understand: The 10,000 BTC cap was set for funding the platform development and operational costs. Everything else goes to seed the .performance fund, which means that every ICO participant had actively invested a relative proportion of his investment into a fund called .performance fund - so why that money is LOCKED there? Does it mean that investing in future active managed funds will lock the investors money for good and they will only get prfits?? It does not make sense to me.
I personally thought that we will have an exit option of the .performance fund - after all we directly invested money into it

What am I missing here?

I have few remarks on your comments:

We've currently got 85M ICN tokens... - there are 100M ICN tokens, not 85M. For dividends distribution it is irrelevant how the tokens were acquired (ICO, bounties or reserved). So you need to divide it by 100M

We've currently got 85M ICN tokens spread among roughly 3500 ICO investors... - again, totla number of investors is irrelevant. Only how much dividends a single ICN token yields

Investors paid the ICO price of... - price is not fix for each investor..

I would do:
ICNP profit is 21K / 52 weeks = 403.85 BTC profit per week, and then divide that by the total amount of ICN tokens - that is the weekly profit for a single token. From here everyone can multiply it by the total amount of ICN tokens he/she posses.
Roughly I would say it will take around 50 weeks for 100% ROI - Just from that fund.
Sweeet
Will say that again - anyone who sells even a single token before the platform goes live is a weak hand and will cry later on

I envy you for that.. Back then with the new dial up modems..

I think it had dome syncing - why don't you open the wallet UI and check

Hi all, and @Iconomi team

Are you planning on any update regarding the poor performance of the ethereum network in the last few weeks? Actually since devcon2
Is there a plan to delay the token distribution? How do you think it can affect ICN?

@Iconomi great team
could you provide 2 guides as for storing ICN tokens off the platform - online and offline storage.
That can be helpful for bunch of pppl here

good luck with that

Why would you want a single pump to hit 100x? It does not represent any real value. Iconomi will represent real value for people around the globe. If you are looking for 100x single pump, I suggest you check pizzacoin

x10 is good just to sell and rebuy at lower price. If monero made x60 no reason why Iconomi won't reach x100 in an year

It's being like that for the last few weeks. Let's hope it won't last long

I ain gonna sell anytime soon. Was more of a fun-suggestion

probably, depends on the agreement they reach with the exchange, but why would you want to STORE anything on an exchange?? Are u nuts? There was not a single exchange that hasn't been hacked, and yet you still want to store your assets there? You know that you don't have control over your funds once you do that

Hi all

wanna start speculating on what exchange it will be listed first?
Not including this bullshit IOU scummy excahnge

they won't announce exchanges - read the posts or social media channels. They have an oral NDA agreement and any announcement will be done by the exchange itself and not Iconomi team

If u r selling before the platform goes live and pays first weekly dividends you're gonna cry later on

x100 is not too optimistic for Iconomi - it just need to reach dash and ethereum price for that - and it can. Not now, not in 2 months but somewhere within the 8-24 months range it will happen, if the platform won't get hacked

What I suggested is not another authentication factor, but more of a timer activated before the funds are actually withdrawn - so no active action is required from the user, unless he/she wants to cancel the withdraw order
As for the second part of your post, loosing your phone can happen - you can backup the 2FA code, or have some kind of a verification form on the platform that will reset it.
Losing access to your phone, and your email - well, you are in the wrong area if you can't remember your primary email password

Also - if you thinkg about it, this is pretty much the same as multi sig - just you are the one that need to sign several times with different signatures

@Iconomi - can you comment on the total amount of people you have hired? What is the number of people being paid, and how long, approximately, you think it will take for the team to "burn" the funds?
I am not complaining, just would like to know how long before the platform will have to be profitable enough in order to pay for its own dev and maintenance. I am 100& aware that A and A+ devs and employees in general cost pretty much the same around the globe
[/quote]

Right now we are:
- 2 cofounders + an advisor basically on close to same level of dedication as us two
- 4 developers. 2 more onboarding right now
- 1 designer being onboarded right now as well
- 1 legal
- 1 product guy coming from Berlin on 16th October
- 2 in communications / marketing
- 1 financial guy

The thing is, that we started hiring before ICO ended as well as looking for new office space to rent. And we were actually warming people that were able to join right now almost since the beginning of this year. All that because if we would start with all that right now, we wouldn't be able to have team as of right now before year ends. You can't get A+ players right off the shelf in a week to say.

How long to burn the funds I can't say right now. Could be that legal is something we'll have to pay a lot for. I would say we are good for at least 5years (that would be $2m per year, which we are far from burning right now... but let's take into account that there might be some unexpected costs). Additionally to that. I was in NYC last week and lawyers there talk 6 digit figures and our PR agency is located right on Wall Street - they for sure are not the cheapest - but are very much needed.
[/quote]

Thanks for the respond - I believe it was Jani. Really appreciate it, since it may seems too invasive.
In my opinion - dev (UI, UX including) and legal is the two places you DON'T want to spare. This platform has enormous potentials and it will bring a lot of capital. I believe that 3500+ investors did not buy in for you to play cheap and think small.  
Said that not all expensive is high quality, but all high quality has to be expensive. I am sure you know how to tell the difference
Thanks again for all the effort and professional work done so far.
Other projects can and should look and follow
ps' Feels like having a trip to sLOVEnia

Hi Iconomi team and everybody else
How about adding a withdraw option (after all credentials, email and 2FA process) that acts like a long term vault? User can choose to turn it on and it means that withdraw won't happen immediately but after a predefined  amount in which the account holder will be notified by email/phone and can cncel the withdraw process at any time
Just to add another layer of security for storing the tokens online