Can someone remind me what percentage of profits from ICNX go to ICN holders? I believe the ICNP was 20% but I cannot recall ICNX.
ICNX has 3% management fees per year from total money in the fund (regardless of index performance), calculated every 6 hours, and 0.1% entrance/exit fees. 20% profits from ICNP is not an official number but an estimation |
|
|
|
beta tomorrow confirmed
***
I like that limited approach with roll access  ... i have remember EA, Diablo3 , Guildwars hell in logging in at start. On beginning all people have tendency to spam actions that can lead to some usual server stress. The team has a very professional and mature approach. Like stated in previous posts - it takes time to develop a solid and secured product, especially when it involves dealing with funds. Don't forget that this concept has not been developed yet. Ever. ICNX token will be the first of its kind. If you're looking for quick profit Iconomi is not for you. |
|
|
|
Yesterday I got email from ICONOMI team about WeTrust ICO,I am sure everyone subscribed to there newsletter must have received it.
Are they planning to invest in WeTrust?
The same here, I got email from ICONOMI too maybe, the dev interested in to invest in wetrust. ICO evaluation is done by Daniel and his team. But the decision to invest or not to invest in an ICO is in Jani's hands. They don't even know if Iconomi invested in some ICO until it's publicly announced. This information was given by Jan (@yan) on slack. Jani and Tim. No one else knows until after ICO ends |
|
|
|
The letter can be read on page 2 of this thread. They state that they are on track to provide ICNX trading feature to beta testers by the end of February. The open fund management platform always has, and remains a goal for late 2017.
OK, thanks(I had read the letter and also understood it was ICNX beta testing but some people are hyping for OFM), but someone correct me if I'm wrong. OFM platform was a goal for end of December 2016, and got postponed for Q1 2017, not for late 2017. I don't think anything has been said about late 2017. Not quite. The open fund management platform has always been scheduled for late 2017. Last December they stated that they felt they could release the ICNX trading platform earlier than expected, but due to alpha tester feedback that it was too complex, they resorted to the previous deadline which was q1 2017. OFM always has been and remains for late 2017. true. About OFM - Iconomi had stated in an email and it is also on the website that OFM will probably be launched ahead of schedule - early 2017 |
|
|
|
He said something that is publicly known - beta access starts end of Feb. Not sure what you mean by news? |
|
|
|
Do not listen to the user CryptoInsiders spreading misinformation. He is a known troll. Like I said before, I volunteer my time to help moderate this this thread while Darpaski is asleep.
Dear Iconomi Dev, If you're reading this thread, I hope that you would consider adding Enjorlas to the Anti-Troll Mod Squad. Enjorlas has been a loyal member of the community since the beginning, and he has my endorsement. Darpaski has definitely done a good job, but we certainly can use another hand in a different time zone, so the trolls will be keep in check while Darpaski is not around (sleeping). I'd also like to take this opportunity to thank Darpaski and Iconomi for dealing with this pesky FUD situation. You guys have been working hard, and you definitely have our gratitude.  Thank you. thanks man, really appreciate that |
|
|
|
Dear Jani & Daniel, I don't want to go into operational details, but please imagine this possibility: By intervening in the ICN market with ICNP fund (setting a realistic buy level close to the ICO price.. for instance), you will accomplish one major goal -- Iconomi will get to keep MORE profit while paying LESS dividend to the outside investors.In addition, as platform starts to grow and more money comes in, this ICN investment will experience a substantial appreciation in value. It is an investment you can control, and it will provide great stability to the ICN and ICNP markets alike at the same time, and it will also boost investor confidence. Coincidentally, this is pretty much how central banking & FED operate.  Please don't be afraid to employ tactics outside of the norm and give the bad guys a black eye. PS: Imagine ICN as "US treasury notes," so instead of selling them at the open market once the price stabilize and value appreciates, I'd recommend holding the investment LONG-TERM and remit the profits to ICNP investors. It will provide stability to the ICN & ICNP markets at the same time -- killing two birds with one stone.  ICNP invests in ongoing ICOs only Besides, I think it would be kind of market manipulation Last thing it doesn't make sense because ICO price was lower, and if Iconomi buys ICN tokens at higher price it means ICO investors will defacto rebying ICN at higher price It sounds like an interesting idea. Iconomi currently doesn't have any trading array. An array that buys cheap coins on exchange then sells them for higher. To fill this demand, array managers outside Iconomi team will probably create "trading" arrays on the platform that can buy/sell ICN. It might be a good idea to first focus ICNP on 1 thing, investing in good projects, instead of trying to play the swings. I am sure when OFM will be open, people will create arrays that will include ICN. I don't see any Iconomi fund including ICN though |
|
|
|
Check your mail.
  Not sure who you're talking to, but guess it wasn't me. To every iconomi invester becouse i got a mail from iconomi asking me to change password. There was a big problem-bug with Cloudflare. CHange passwords and 2fa and it should be fine I have also received the email but it says they will send the procedure to change password and 2fa in next mail. Should I wait fot their email or change it? If you know how to change it, don't wait. |
|
|
|
Dear Jani & Daniel, I don't want to go into operational details, but please imagine this possibility: By intervening in the ICN market with ICNP fund (setting a realistic buy level close to the ICO price.. for instance), you will accomplish one major goal -- Iconomi will get to keep MORE profit while paying LESS dividend to the outside investors.In addition, as platform starts to grow and more money comes in, this ICN investment will experience a substantial appreciation in value. It is an investment you can control, and it will provide great stability to the ICN and ICNP markets alike at the same time, and it will also boost investor confidence. Coincidentally, this is pretty much how central banking & FED operate. Please don't be afraid to employ tactics outside of the norm and give the bad guys a black eye. PS: Imagine ICN as "US treasury notes," so instead of selling them at the open market once the price stabilize and value appreciates, I'd recommend holding the investment LONG-TERM and remit the profits to ICNP investors. It will provide stability to the ICN & ICNP markets at the same time -- killing two birds with one stone. ICNP invests in ongoing ICOs only Besides, I think it would be kind of market manipulation Last thing it doesn't make sense because ICO price was lower, and if Iconomi buys ICN tokens at higher price it means ICO investors will defacto rebying ICN at higher price |
|
|
|
The Fud is back. where is moderated to remove it?
this is thread self moderated.
Mods also sleep from time to time. The FUD group is organized and logged in almost 24/7 The best thing to do is hit ignore |
|
|
|
If they try to re-buy just as quickly, price would go back up to 40k.
But what if they will don't try?? Even if they don't re-buy, it's still healthy for the distribution to have some whales who purchased at ico price get shaken out. I agree. I think it is even better if they don't re-buy. Better to have ICN distributed among as much people as possible. |
|
|
|
didnt see much lambo pics and everything lately. even cryptoshithead is almost instantly deleted. i love it.
P.S. who applied for beta testing?
Indeed, he just made a shitpost a few minutes ago. I was just reporting it when boom it was gone just like that Better to use that 'Ignore' option and not respond to their FUD and BS |
|
|
|
Jani response for Mal's question on reddit about incorporating Iconomi: "ICONOMI Inc. was incorporated after the conclusion of the ICONOMI ICO and officially became the service operator of ICONOMI with the release of the ICN tokens. We have decided to use a separate entity, a special purpose vehicle, as it is the most straight-forward and logical solution. ICONOMI Inc. will not be accepting fiat deposits and/or fiat withdrawals, but it will cooperate with several fiat ramp-ups, including Cashila, which will be integrated in a user-friendly way." https://www.reddit.com/r/ICONOMI/comments/5vi3go/details_please_on_iconomi_inc/de2qqgn/ |
|
|
|
|
Reminder to ALL:
Please do not reply to the FUD group, including but not limited to cryptoinsiders.
Just hit 'Ignore' and move on
|
|
|
|
Sigh. You are starting to convince me that ICONOMI may have some issues they may need to address. What the hell is wrong with you Mal? I have an open mind, or at least I try to have an open mind. And nobody has answered my question yet to identify the country where ICONOMI Inc. is incorporated, and whether or not they have an EU license to accept fiat money in payment for cryptocurrency products, like Cashila does. In the whitepaper, Cashila was going to be the first service operator for the ICONOMI software platform. Now it is not, ICONOMI Inc. will be first service operator. So I would like to know more details about ICONOMI Inc. Mal, why don't you post your question on reddit? |
|
|
|
I have some questions on how does ICNX work.
Would cryptocurrencies be bought each time a new ICNX is created?
For example, if composition of ICNX is 50% BTC and 50% ETH (just assumption)
If I buy $1 worth of ICNX, would .5$ of both btc and eth be bought by Index fund immediately?
Wouldn't it mean lots of wastage in fees?
Real ICNX has 12 cryptocurrencies. For each purchase of each cryptocurrency they have to pay gas and fees of exchange.
Yes, when you buy ICNX from Iconomi platform, buy orders are executed on your behalf and the ICNX tokens are created. I'm sure they have a way better fees plan than the average trader. In addition, there is a 0.1% entry/exit fee, so basically it will cover all fees paid by Iconomi. Keep in mind that people will also buy ICNX from exchanges, and in that case no fees will be paid by Iconomi. I think Daparski tried its best to explain the question but I don't think I'm satisfied with your answered. The ICONOMI team can do better judgement to the question Why you are not satisfied? Can you explain what is missing? If you want faster Iconomi responds, better post on reddit |
|
|
|
I have some questions on how does ICNX work.
Would cryptocurrencies be bought each time a new ICNX is created?
For example, if composition of ICNX is 50% BTC and 50% ETH (just assumption)
If I buy $1 worth of ICNX, would .5$ of both btc and eth be bought by Index fund immediately?
Wouldn't it mean lots of wastage in fees?
Real ICNX has 12 cryptocurrencies. For each purchase of each cryptocurrency they have to pay gas and fees of exchange.
Yes, when you buy ICNX from Iconomi platform, buy orders are executed on your behalf and the ICNX tokens are created. I'm sure they have a way better fees plan than the average trader. In addition, there is a 0.1% entry/exit fee, so basically it will cover all fees paid by Iconomi. Keep in mind that people will also buy ICNX from exchanges, and in that case no fees will be paid by Iconomi. |
|
|
|
This is just ridiculous. Now that he's been exposed as a multi accounting paid FUDder he just resumes copy-pasting his own crap posts that have been debunked over and over again.
Can't wait for moderators to come and clean all this mess up and possibly remove at least this account of his from the thread.
There is no option to remove or block someone from posting. Cryptoinsider daily garbage posts are removed. Best thing to do is to hit ignore and move on. Responding to the FUD posts, or quoting them just motivates them more. |
|
|
|
How much ICN holdings must one have to be considered a "Whale"? look here for token distribution: https://etherscan.io/token/ICONOMI#balancesfirst 2 addresses are Iconomi and Kraken. I'd say anything in the top 30 is a whale/big fish |
|
|
|
|
Show Posts
