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281  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform ❘|❘ ICO OPEN | final days to invest on: September 26, 2016, 10:52:01 PM
We've just added a new category to the OP:

ICONOMI in the media:







282  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform ❘|❘ ICO OPEN | final days to invest on: September 26, 2016, 12:26:44 PM
in case you haven't notice - we posted two blog posts yesterday:

Legal - Part 1 written by Ervin, our legal lead

AND

ICONOMI Cryptocurrencies Index (ICNX) — UPDATE #1 about ICNX that measures the performance of cryptocurrencies that meet the ICONOMI eligibility criteria


283  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform ❘|❘ ICO OPEN | AMA right now on: September 25, 2016, 07:51:39 PM
In the AMA there was this question:



but in the blog we have this statement:



The entire announcement was about launch acceleration....
Care to elaborate why now you're back to saying Q4?

Q4 starts in a week. With October 1st.
284  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform ❘|❘ ICO OPEN on: September 25, 2016, 07:02:35 PM
AMA is now live.
285  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform ❘|❘ ICO OPEN on: September 25, 2016, 04:51:43 PM
ICONOMI AMA @ Reddit | Reminder

At ICONOMI we take pride in our transparency and want to ensure we are addressing our community's questions in a way that gives everyone an opportunity to be heard. 

Therefore we are planning to host "Ask Me Anything" (AMA) session on our subreddit on SUNDAY, September 25, at 21h CEST / 2pm EST. The whole ICONOMI team will attend, so be sure to join us!

See you at https://reddit.com/r/iconomi (if we decide to move it to /r/AMA or /r/IaMa, we will post the link to the final destination).

We kindly request you read the ICONOMI FAQ (regularly updated) before posting any questions that might’ve already been answered.
 
Afterwards, if necessary, we will publish a FAQ update blog post and update our FAQ with the session’s top questions.
286  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform ❘|❘ ICO OPEN on: September 24, 2016, 09:59:10 PM
check our latest blog post: ICONOMI at Devcon2 and the 2nd Global Blockchain Summit in Shanghai 2016

Even though we were very busy preparing for the last week of our ICO and making shortlists for the rest of 2016, we still managed to make some extremely valuable business contacts and connected with influential people. We talked strategy and shared development solutions. Meetings with some of the soon to be announced ICOs went extremely well, and we will have many possibilities on the table, once we start our ICONOMI.PERFORMANCE fund. In a nutshell, our network is expanding!

Before the afterglow fades too much, we wanted to recap the themes that relate to our future plans at ICONOMI and some of the highlights we saw during the week ... check them in blog.

287  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform ❘|❘ ICO OPEN on: September 24, 2016, 02:29:51 PM
"The ICONOMI Open Fund Management (OFM) platform is a simple management tool where traders with knowledge and experience create their own investment funds. Investors, on the other hand, are able to invest even the smallest amounts, offering a clear overview of available investment fund managers and their current & past performance. The ICONOMI Open Fund Management (OFM) platform will disrupt the asset management industry."

Where can I get information about this? I would like to understand the details.



https://www.iconomi.net/ICONOMI_Whitepaper.pdf
https://www.iconomi.net/CoinFundsWhitepaper.pdf
288  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform ❘|❘ ICO OPEN on: September 24, 2016, 02:28:52 PM
Amazing work ICONOMI team, I guess we can expect ICN at Gatecoin, Kraken I guess Polo too..


don't be so happy, many coin like this will end with the value of the ico and nothing more, we have already seen many ico like this oen it's nothing new, so why this should be special?

I would almost bet that you haven't ready much (if any) of the content. Especially since you use word coin.

You don't need to read, but at least scan:
https://www.iconomi.net/ICONOMI_Whitepaper.pdf
https://www.iconomi.net/CoinFundsWhitepaper.pdf
289  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform ❘|❘ ICO OPEN on: September 24, 2016, 02:13:46 AM
I heard some people saying that to get the visa card ICONOMI is giving , I should invest a certain amount of money ? how much is it ? and the VISA is a Bitcoin debit card like E-coin.io and others ? could someone give us enough information's about their card and when It's supposed to be released please

It will be a debit card backed by assets on ICONOMI. If you will have investment in ICONOMI.index fund and you will swipe your card, then we'll sell your stake in the fund for as much as you swiped with the card. There will also be iOS and Android app with which you will be able to manage your card, spending and funds.
290  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform ❘|❘ ICO OPEN on: September 22, 2016, 01:55:26 PM
Important questions for ICONOMI.

1. How much have you invested in ICONOMI before the ICO launch date? I.e. how much will be taken from the ICO funds to cover your past operational costs?

2. What tools will you use for trading? Your own software? Will ICONOMI own that software too? Will ICN holders have access to that tools or an ability to use them?

3. Who and how will take the decisions about the profits distribution? For example, to reinvest a certain amount in the new features development or to pay as dividends?

4. Who and how will take another important management and strategic decisions in ICONOMI? Cashila? ICN holders? In what way?

5. I read about the voting system in the whitepaper. Can you give us some more details? Who will be eligible to vote? Who will decide when and what questions to vote for? Is voting system based on Ethereum smart contracts?

6. The Operator will be Cashila for the first two years, right? What’s the procedure for the Operator changing?

7. Who will audit your Ethereum smart contracts?

8. Will all the ICO funds be released from the Escrow at once or by parts?
I know the Escrow funds will be released after the first fund launch. What are the criteria for a successful fund launch? For example, if the fund will be launched but the cryptocurrencies will be accepted only, does it qualify for the Escrow release? Did you sign any agreements with the Escrow key holders? Can you publish them, maybe partially?

9. Will we know the names of ICONOMI experts who are to manage The ICONOMI.PERFORMANCE FUND? Do they have a successful trading history?

10. CoinFunds Whitepaper (https://www.iconomi.net/ICONOMI_Whitepaper.pdf) question.
Table 2 (page 9).
How did you choose the tokens for Table 2?
There are 9 tokens but these are not the lower 9 tokens from the Table 1.

11. Will you sign any contracts with people depositing with fiat?


Good questions.

Addressed here. I would like to see more discussion to address them with additional expectations where needed in a blog post.



1. How much have you invested in ICONOMI before the ICO launch date? I.e. how much will be taken from the ICO funds to cover your past operational costs?

We invested all the knowledge we got from operating Cashila.com. We start developing idea and start working on the product at the beginning of this year. All work before the ICO is considered as an investment into ICONOMI.


2. What tools will you use for trading? Your own software? Will ICONOMI own that software too? Will ICN holders have access to that tools or an ability to use them?

There won’t be trading tool, but fund management platform. It will be a proprietary software created and managed by Cashila as service operator and owned by ICONOMI shareholders. ICN will be owners in this case and will have same access to the platform as everyone else.


3. Who and how will take the decisions about the profits distribution? For example, to reinvest a certain amount in the new features development or to pay as dividends?

As described in Whitepaper all profits will be distributed to ICN token holders as long as we have ICO assets. After that revenue split 30:70, service operator 30%, ICN token holders, 70%. But as long as we have funds raised during ICO 100% of revenue will go to ICN token holders.


4. Who and how will take another important management and strategic decisions in ICONOMI? Cashila? ICN holders? In what way?

For first 24 months Cashila is the service operator, where Cashila management is making all important decisions communicated publicly in best possible way.


5. I read about the voting system in the whitepaper. Can you give us some more details? Who will be eligible to vote? Who will decide when and what questions to vote for? Is voting system based on Ethereum smart contracts?

ICONOMI will be issued on Ethereum platform as a smart contract, thus voting will be on Ethereum as well. Every keyholder at certain block will be eligible to vote. Wisdom of the crowd does not work here. The only question that will be ever to vote will be which operator to choose. Every two years there will be a vote for which operator to choose. Everyone will be able to apply. 50% + 1 wei will win the winning vote. If no one will gain sufficient majority contract will take first 50% + 1 wei of the voted members and create a new round of votes all until we have one sole winner.
In case of extraordinary events. A single vote with at least of 75% participation and ⅔ or majority votes will be able to push for a extraordinary meeting which can take place at anytime and vote for a new service operator.
A small but reasonable amount should be charged to apply as a candidate in order to prevent spamming with millions of anonymous accounts.


6. The Operator will be Cashila for the first two years, right? What’s the procedure for the Operator changing?

Every 2 years there is general voting where 50% + 1 wei is winning combination. At any given time there might be extraordinary voting event where yet to decide amount of voting will need to take place (probably 50%) where the only voting question will ever be if we wanna change current service operator. If result will be to change, then ordinary voting for new operator will happen afterwards.


7. Who will audit your Ethereum smart contracts?

Deja Vu. But we might get 2nd audit as well.


8. Will all the ICO funds be released from the Escrow at once or by parts?

I know the Escrow funds will be released after the first fund launch. What are the criteria for a successful fund launch? For example, if the fund will be launched but the cryptocurrencies will be accepted only, does it qualify for the Escrow release? Did you sign any agreements with the Escrow key holders? Can you publish them, maybe partially?

Fund launch is when funds are publicly open and individuals are able to invest in them. In fiat and cryptos. It’s a trust game. Gasper from Xaurum and Max from Lisk have their own project behind them and Alexander is a well known and respected in the community and no one has incentive to play in anything but the best faith. For example, if Max as a single keyholder for Lisk releases funds for no reason, then he jeopardises Lisk. And being dedicated to Lisk that much, he for sure won’t betray community trust that he was building for quite some time (even before Lisk).
We signed no “old economy” contract, but you can find all escrow partner’s confirmation of being keyholder in our OP.


9. Will we know the names of ICONOMI experts who are to manage The ICONOMI.PERFORMANCE FUND? Do they have a successful trading history?

Not trading history. This is not about trading. But investing into right project. Names will be published at the launch of the fund. Jani will be one for sure. With successful investing history.


10. CoinFunds Whitepaper (https://www.iconomi.net/ICONOMI_Whitepaper.pdf) question.
Table 2 (page 9).
How did you choose the tokens for Table 2?
There are 9 tokens but these are not the lower 9 tokens from the Table 1.

According to: categorisation, market cap, trading volumes. Within each category we defined it it is winner takes it all or if there can be more winners. This week a blog with release on ICONOMI.index will be published with better explanation of that.


11. Will you sign any contracts with people depositing with fiat?

No. Terms of use define that. Bank deposits are with us and we have a track of what each user got for it’s bank deposit - in order to avoid chargebacks.
People may be missed this part. quoted for them.


Thank you! I would suggest everyone to read questions and answers as well.
I am very satisfied with the answers. I don't have any doubt about my investment, 2000 people can't be wrong!
Keep up the good work dev. i can only guess who is behind the newbie account  Tongue

I have invested in the project too, but DAO proved 2000 people can be wrong. Just don't invest what you can't afford to lose though ICONOMI looks promising there is no need to be emotional with our investment.

The point here is not that much with 2000 people being right or wrong. More if questions were properly addressed or not. It's all about the content.

Here are few things I would also like to highlight:
- ICO launched on time. at the exact announced minute
- fund inflow is healthy looking on a timeline
- no Lambo discussions in the thread like in some other campaigns

I'm just unhappy with bounty participants asking and trashing this thread many times with really really unnecessary things.
291  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform ❘|❘ ICO OPEN on: September 22, 2016, 01:48:24 PM
Important questions for ICONOMI.

every time I check My Iconomi account my ICN  decrease every time , I don't really like much in this way ...shouldn't we have had a cap for the ico? Please Dev  clarify

cap is 21000BTC

ok so how come The ICN are decreasing ...is it normal ?

Did you not read anything at all prior to sending money?

What Do you mean ?? I Know in the beginning should have been 2000BTC and after they extend to 21000Btc so I understand the adjustment from 2000 to 21000 but not an adjustment from last week ...so my question was is it normal ?

Yes this is normal. And it's quite common sense to understand why to be honest..

85m tokens for sale. The more investments gets in, the less tokens you receive for same amount of investing.
292  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform ❘|❘ ICO OPEN on: September 22, 2016, 01:43:08 PM
A few Questions for the Iconomi team:

1) Do I have to have a "MIST" with full ETH blockchain to exercise my voting rights & receive Dividends? 

2) If I leave everything on Iconomi website, can I still exercise all rights and receive Dividends? 

3) What happens if I send ICNs to an Exchange like Poloniex?  How do I receive Dividends?  Will I still be able to Vote?


Anyway, I've been very impressed so far with Iconomi and where I think it's headed. I've invested so much more into this ICO than to any other ICO.  GO Iconomi!

1) Mist will be just one of options for the ones wanting to hold their ETC in their total control.

2) If you leave everything on ICONOMI you will be able to exercise all right and receive dividends too

3) If you keep ICN on an exchange you will be receiving dividends too (unless some exchange don't support that, but in that case probably no one would wanna keep/trade there). If they will implement voting will depends on exchanges as well
293  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform ❘|❘ ICO OPEN on: September 22, 2016, 01:33:39 PM
Ok my question is this, how will random people who know nothing about crypto be able to invest in an ICONOMI managed fund?

Will they have to know anything about using cryptocurrency? Or will they be able to invest using fiat currency?

(Note I'm not talking about investing in the ICO, I'm talking about the future managed funds on the platform)


They will not have to know anything about cryptocurrency.

There will be many more convenient ways to invest into funds on the platform (local bank accounts among other things).
294  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform ❘|❘ ICO OPEN on: September 22, 2016, 04:40:44 AM
Important questions for ICONOMI.

1. How much have you invested in ICONOMI before the ICO launch date? I.e. how much will be taken from the ICO funds to cover your past operational costs?

2. What tools will you use for trading? Your own software? Will ICONOMI own that software too? Will ICN holders have access to that tools or an ability to use them?

3. Who and how will take the decisions about the profits distribution? For example, to reinvest a certain amount in the new features development or to pay as dividends?

4. Who and how will take another important management and strategic decisions in ICONOMI? Cashila? ICN holders? In what way?

5. I read about the voting system in the whitepaper. Can you give us some more details? Who will be eligible to vote? Who will decide when and what questions to vote for? Is voting system based on Ethereum smart contracts?

6. The Operator will be Cashila for the first two years, right? What’s the procedure for the Operator changing?

7. Who will audit your Ethereum smart contracts?

8. Will all the ICO funds be released from the Escrow at once or by parts?
I know the Escrow funds will be released after the first fund launch. What are the criteria for a successful fund launch? For example, if the fund will be launched but the cryptocurrencies will be accepted only, does it qualify for the Escrow release? Did you sign any agreements with the Escrow key holders? Can you publish them, maybe partially?

9. Will we know the names of ICONOMI experts who are to manage The ICONOMI.PERFORMANCE FUND? Do they have a successful trading history?

10. CoinFunds Whitepaper (https://www.iconomi.net/ICONOMI_Whitepaper.pdf) question.
Table 2 (page 9).
How did you choose the tokens for Table 2?
There are 9 tokens but these are not the lower 9 tokens from the Table 1.

11. Will you sign any contracts with people depositing with fiat?


Good questions.

Addressed here. I would like to see more discussion to address them with additional expectations where needed in a blog post.



1. How much have you invested in ICONOMI before the ICO launch date? I.e. how much will be taken from the ICO funds to cover your past operational costs?

We invested all the knowledge we got from operating Cashila.com. We start developing idea and start working on the product at the beginning of this year. All work before the ICO is considered as an investment into ICONOMI.


2. What tools will you use for trading? Your own software? Will ICONOMI own that software too? Will ICN holders have access to that tools or an ability to use them?

There won’t be trading tool, but fund management platform. It will be a proprietary software created and managed by Cashila as service operator and owned by ICONOMI shareholders. ICN will be owners in this case and will have same access to the platform as everyone else.


3. Who and how will take the decisions about the profits distribution? For example, to reinvest a certain amount in the new features development or to pay as dividends?

As described in Whitepaper all profits will be distributed to ICN token holders as long as we have ICO assets. After that revenue split 30:70, service operator 30%, ICN token holders, 70%. But as long as we have funds raised during ICO 100% of revenue will go to ICN token holders.


4. Who and how will take another important management and strategic decisions in ICONOMI? Cashila? ICN holders? In what way?

For first 24 months Cashila is the service operator, where Cashila management is making all important decisions communicated publicly in best possible way.


5. I read about the voting system in the whitepaper. Can you give us some more details? Who will be eligible to vote? Who will decide when and what questions to vote for? Is voting system based on Ethereum smart contracts?

ICONOMI will be issued on Ethereum platform as a smart contract, thus voting will be on Ethereum as well. Every keyholder at certain block will be eligible to vote. Wisdom of the crowd does not work here. The only question that will be ever to vote will be which operator to choose. Every two years there will be a vote for which operator to choose. Everyone will be able to apply. 50% + 1 wei will win the winning vote. If no one will gain sufficient majority contract will take first 50% + 1 wei of the voted members and create a new round of votes all until we have one sole winner.
In case of extraordinary events. A single vote with at least of 75% participation and ⅔ or majority votes will be able to push for a extraordinary meeting which can take place at anytime and vote for a new service operator.
A small but reasonable amount should be charged to apply as a candidate in order to prevent spamming with millions of anonymous accounts.


6. The Operator will be Cashila for the first two years, right? What’s the procedure for the Operator changing?

Every 2 years there is general voting where 50% + 1 wei is winning combination. At any given time there might be extraordinary voting event where yet to decide amount of voting will need to take place (probably 50%) where the only voting question will ever be if we wanna change current service operator. If result will be to change, then ordinary voting for new operator will happen afterwards.


7. Who will audit your Ethereum smart contracts?

Deja Vu. But we might get 2nd audit as well.


8. Will all the ICO funds be released from the Escrow at once or by parts?

I know the Escrow funds will be released after the first fund launch. What are the criteria for a successful fund launch? For example, if the fund will be launched but the cryptocurrencies will be accepted only, does it qualify for the Escrow release? Did you sign any agreements with the Escrow key holders? Can you publish them, maybe partially?

Fund launch is when funds are publicly open and individuals are able to invest in them. In fiat and cryptos. It’s a trust game. Gasper from Xaurum and Max from Lisk have their own project behind them and Alexander is a well known and respected in the community and no one has incentive to play in anything but the best faith. For example, if Max as a single keyholder for Lisk releases funds for no reason, then he jeopardises Lisk. And being dedicated to Lisk that much, he for sure won’t betray community trust that he was building for quite some time (even before Lisk).
We signed no “old economy” contract, but you can find all escrow partner’s confirmation of being keyholder in our OP.


9. Will we know the names of ICONOMI experts who are to manage The ICONOMI.PERFORMANCE FUND? Do they have a successful trading history?

Not trading history. This is not about trading. But investing into right project. Names will be published at the launch of the fund. Jani will be one for sure. With successful investing history.


10. CoinFunds Whitepaper (https://www.iconomi.net/ICONOMI_Whitepaper.pdf) question.
Table 2 (page 9).
How did you choose the tokens for Table 2?
There are 9 tokens but these are not the lower 9 tokens from the Table 1.

According to: categorisation, market cap, trading volumes. Within each category we defined it it is winner takes it all or if there can be more winners. This week a blog with release on ICONOMI.index will be published with better explanation of that.


11. Will you sign any contracts with people depositing with fiat?

No. Terms of use define that. Bank deposits are with us and we have a track of what each user got for it’s bank deposit - in order to avoid chargebacks.
People may be missed this part. quoted for them.


Thank you! I would suggest everyone to read questions and answers as well.
295  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform ❘|❘ ICO OPEN on: September 21, 2016, 02:30:18 PM
Important questions for ICONOMI.

1. How much have you invested in ICONOMI before the ICO launch date? I.e. how much will be taken from the ICO funds to cover your past operational costs?

2. What tools will you use for trading? Your own software? Will ICONOMI own that software too? Will ICN holders have access to that tools or an ability to use them?

3. Who and how will take the decisions about the profits distribution? For example, to reinvest a certain amount in the new features development or to pay as dividends?

4. Who and how will take another important management and strategic decisions in ICONOMI? Cashila? ICN holders? In what way?

5. I read about the voting system in the whitepaper. Can you give us some more details? Who will be eligible to vote? Who will decide when and what questions to vote for? Is voting system based on Ethereum smart contracts?

6. The Operator will be Cashila for the first two years, right? What’s the procedure for the Operator changing?

7. Who will audit your Ethereum smart contracts?

8. Will all the ICO funds be released from the Escrow at once or by parts?
I know the Escrow funds will be released after the first fund launch. What are the criteria for a successful fund launch? For example, if the fund will be launched but the cryptocurrencies will be accepted only, does it qualify for the Escrow release? Did you sign any agreements with the Escrow key holders? Can you publish them, maybe partially?

9. Will we know the names of ICONOMI experts who are to manage The ICONOMI.PERFORMANCE FUND? Do they have a successful trading history?

10. CoinFunds Whitepaper (https://www.iconomi.net/ICONOMI_Whitepaper.pdf) question.
Table 2 (page 9).
How did you choose the tokens for Table 2?
There are 9 tokens but these are not the lower 9 tokens from the Table 1.

11. Will you sign any contracts with people depositing with fiat?


Good questions.

Addressed here. I would like to see more discussion to address them with additional expectations where needed in a blog post.



1. How much have you invested in ICONOMI before the ICO launch date? I.e. how much will be taken from the ICO funds to cover your past operational costs?

We invested all the knowledge we got from operating Cashila.com. We start developing idea and start working on the product at the beginning of this year. All work before the ICO is considered as an investment into ICONOMI.


2. What tools will you use for trading? Your own software? Will ICONOMI own that software too? Will ICN holders have access to that tools or an ability to use them?

There won’t be trading tool, but fund management platform. It will be a proprietary software created and managed by Cashila as service operator and owned by ICONOMI shareholders. ICN will be owners in this case and will have same access to the platform as everyone else.


3. Who and how will take the decisions about the profits distribution? For example, to reinvest a certain amount in the new features development or to pay as dividends?

As described in Whitepaper all profits will be distributed to ICN token holders as long as we have ICO assets. After that revenue split 30:70, service operator 30%, ICN token holders, 70%. But as long as we have funds raised during ICO 100% of revenue will go to ICN token holders.


4. Who and how will take another important management and strategic decisions in ICONOMI? Cashila? ICN holders? In what way?

For first 24 months Cashila is the service operator, where Cashila management is making all important decisions communicated publicly in best possible way.


5. I read about the voting system in the whitepaper. Can you give us some more details? Who will be eligible to vote? Who will decide when and what questions to vote for? Is voting system based on Ethereum smart contracts?

ICONOMI will be issued on Ethereum platform as a smart contract, thus voting will be on Ethereum as well. Every keyholder at certain block will be eligible to vote. Wisdom of the crowd does not work here. The only question that will be ever to vote will be which operator to choose. Every two years there will be a vote for which operator to choose. Everyone will be able to apply. 50% + 1 wei will win the winning vote. If no one will gain sufficient majority contract will take first 50% + 1 wei of the voted members and create a new round of votes all until we have one sole winner.
In case of extraordinary events. A single vote with at least of 75% participation and ⅔ or majority votes will be able to push for a extraordinary meeting which can take place at anytime and vote for a new service operator.
A small but reasonable amount should be charged to apply as a candidate in order to prevent spamming with millions of anonymous accounts.


6. The Operator will be Cashila for the first two years, right? What’s the procedure for the Operator changing?

Every 2 years there is general voting where 50% + 1 wei is winning combination. At any given time there might be extraordinary voting event where yet to decide amount of voting will need to take place (probably 50%) where the only voting question will ever be if we wanna change current service operator. If result will be to change, then ordinary voting for new operator will happen afterwards.


7. Who will audit your Ethereum smart contracts?

Deja Vu. But we might get 2nd audit as well.


8. Will all the ICO funds be released from the Escrow at once or by parts?

I know the Escrow funds will be released after the first fund launch. What are the criteria for a successful fund launch? For example, if the fund will be launched but the cryptocurrencies will be accepted only, does it qualify for the Escrow release? Did you sign any agreements with the Escrow key holders? Can you publish them, maybe partially?

Fund launch is when funds are publicly open and individuals are able to invest in them. In fiat and cryptos. It’s a trust game. Gasper from Xaurum and Max from Lisk have their own project behind them and Alexander is a well known and respected in the community and no one has incentive to play in anything but the best faith. For example, if Max as a single keyholder for Lisk releases funds for no reason, then he jeopardises Lisk. And being dedicated to Lisk that much, he for sure won’t betray community trust that he was building for quite some time (even before Lisk).
We signed no “old economy” contract, but you can find all escrow partner’s confirmation of being keyholder in our OP.


9. Will we know the names of ICONOMI experts who are to manage The ICONOMI.PERFORMANCE FUND? Do they have a successful trading history?

Not trading history. This is not about trading. But investing into right project. Names will be published at the launch of the fund. Jani will be one for sure. With successful investing history.


10. CoinFunds Whitepaper (https://www.iconomi.net/ICONOMI_Whitepaper.pdf) question.
Table 2 (page 9).
How did you choose the tokens for Table 2?
There are 9 tokens but these are not the lower 9 tokens from the Table 1.

According to: categorisation, market cap, trading volumes. Within each category we defined it it is winner takes it all or if there can be more winners. This week a blog with release on ICONOMI.index will be published with better explanation of that.


11. Will you sign any contracts with people depositing with fiat?

No. Terms of use define that. Bank deposits are with us and we have a track of what each user got for it’s bank deposit - in order to avoid chargebacks.
296  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform ❘|❘ ICO OPEN on: September 20, 2016, 12:01:11 PM
Will every ICO investor gets ICONOMI VISA debit card or is there any minimum limit of investment or number of tokens necessary to claim it?Will shipping be paid by ICONOMI and will it work worldwide?

Yes of course as published in  FAQ 2 applies to all participants ICO no special requirements

Quote
As a gesture of appreciation, all ICO participants will have the option to receive an exclusive “ICONOMI Founders’ Club” debit card.

But for the cost of shipping it seems there is a requirement

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available free of charge to investors who invested above a certain threshold and with a small fee to cover the shipping costs to all other ICO participants.

Each ICO participant will be able to receive debit card. Regardless of the amount invested. However, we'll have to set a threshold above which we'll be able to send it for free.

For example, we can't send it for free to someone who invested 50 USD for example.
297  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform ❘|❘ ICO OPEN on: September 20, 2016, 11:43:45 AM
Is this actually almost the same concept as DAO?
Why whould people trust others over their investments?  Sad

Because wisdom of the crowd theory doesn't work with investing here.

Same reason as for why people don't buy individual stocks on wall street exchanges, but do buy mutual funds and ETF. And this is what we are doing with ICONOMI for decentralised economy.
298  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform ❘|❘ ICO OPEN on: September 20, 2016, 05:29:22 AM
^LOL yes as usual like most ICO esp from any eastern-Euro such 'devs'  Roll Eyes and I asked before if this ppl not have jobs who beg for scraps of ico bounties?!?!  Like really?!  You are dying for $25 USD worth of btc monies?!  Sad.

All while such ICO coin devs like ICONOMI have made millions already from dummies and whales involved just to pnd the coin when it launches and have NO ACTUAL TECH TO RELEASE and NO CARE TO DO SO even if they do decide.

if i understood it right, iconomi want to be a whale for alts and share their profits with investors. like a professional open legit pump and dump for alts. this cant go good. but hey, lets make money. the bubble will get funny big. let pump it up hahaha.

You got everything wrong. Sorry.

It's a fund management platform. Mutual Funds exist in current economy for people to invest into stock/anything - and they are huge! ETFs as well. That doesn't exist yet in crypto world. We're doing just that.
299  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform ❘|❘ ICO OPEN on: September 20, 2016, 05:03:35 AM
NEW blog post
https://medium.com/iconominet/iconomi-fund-management-platform-raises-5-million-with-10-days-to-go-9d9681b66de5


ICONOMI fund management platform raises $ 5 million with 10 days to go. The first crypto index fund pre-launches this week.


Completion of the next milestone accelerates ICONOMI’s plans, announcing the imminent availability of the ICONOMI.INDEX fund details.
Attending Devcon2, the ICONOMI founders are now actively seeking ICO opportunities for the ICONOMI.PERFORMANCE fund, scheduled to pre-launch soon after the ICO!

Shanghai, China — September 19 2016

The ICONOMI fund management platform for the decentralised economy, has realised another milestone. Just days away from the completion of the platform founding, ICONOMI is today announcing the acceleration of plans.
The world’s first index fund of digital currencies such as bitcoin and ether, the ICONOMI.INDEX fund, will be pre-announced at the close of Devcon2. Expect further communication later this week.

The ICONOMI.PERFORMANCE fund, also originally scheduled to launch in Q4/2016, will also be announced sooner than planned. ICONOMI’s flagship, high-profit fund will remain invite-only to the public beyond its shareholders. ICONOMI’s founders are attending Ethereum’s Devcon2 conference where new ICO opportunities are being actively identified.

“I am extremely pleased by the level of innovation and disruption present at and around the DevCon2 conference! We have already identified several interesting investment opportunities for our ICONOMI.PERFORMANCE fund — all that on the very first day”, said Tim Mitja Zagar, co-founder of ICONOMI.

Only 10 Days Remaining for Investments in Fintech Startup ICONOMI

The hottest Fintech startup ICONOMI announced its vision on August 25 2016 with the publication of two fundamental whitepapers and introduction of the team. A 4-week crowdfunding ICO (Initial Coin Offering) campaign was launched. The company outlined a minimum initial capital target of 2000 bitcoins (approx. 1.2 million USD).

Only 88 hours later, ICONOMI crowdfunding exceeded the minimum required capital, confirming the need for uberisation of investment fund management. With powerful signals that ICO will be a success, the ICONOMI team immediately intensified ongoing development with several additions to the development and legal teams, and responded with an investor update, describing the mechanics of ICO and ICONOMI’s business model (FAQ update #1).

Fuelled by global media coverage, only 48 hours later ICONOMI ICO reached $3 million. Emboldened by investor support, ICONOMI’s co-founder Tim Mitja Zagar unveiled even more ambitious goals, and set the investment cap at 21,000 BTC (~12 million USD). Investments beyond 10,000 BTC (~$5.5 million USD) are to go directly into ICONOMI’s flagship product — the actively managed ICONOMI.PERFORMANCE fund.
Priding itself on complete transparency, the ICONOMI team transcended the online-divide on September 7 with a roadshow at the Pirate Summit in Cologne, Germany. ICONOMI gained strong positive feedback from decentralised economy startup colleagues, and one day later ICO topped $4 million and more than 1500 investors.

The ICONOMI founders invite you to meet us at the 2nd Global Blockchain Summit, following Devcon2 from 22–24 September 2016 in Shanghai, China!
300  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform ❘|❘ ICO OPEN on: September 20, 2016, 05:01:21 AM
...
Well said, there is always different ways to pay for service, you either pay in cash or in kind. The service we are offering can not be quantify in terms of money, just imagine ICONOMI the amount ICONOMI is going to pay for the social media advert alone.

So what team will do with all funds over 10 000  ?
What will they do "extra" with funds over that 2000 1st goal  ?

All explained here. Please read:

https://medium.com/iconominet/iconomi-more-ambitious-goals-and-a-21-000-btc-cap-after-a-successful-ico-start-ccb06efff709
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