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3. Tokens that pay dividends!
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Most POS coins pay %of share per year without risk of trading, Supernodes pay for supernode , minig shares for minnig. There is a difference between dividends and POS. There will be 100m ICN tokens forever. When you do POS number of tokens grow. Selecting Ethereum as your token's platform instead of running your own network was smart, taking into account your operating needs. However, you seem to be too optimistic about ETH itself (see quotes from your whitepaper below) - security and predictability - don't forget the DAO (security), and hardfork (predictability) - obviously the DAO wasn't directly ETH's fault, but the idea of smart contracts on Ethereum platform seems to be quite complex even for experienced developers. And the HF for bailout, and not for any technical resolution, is just clear econo-politics. - use of robust and well- supported clients - working with Mist is not that robust for an ordinary user - high liquidity - ETH is liquid indeed but what will be your advantage from this? - Ethereum smart contracts enable a very transparent and secure way of profitsharing among the token holders - no thank you, the word "secure" is so improper here *
Exactly what will be inevitable... to lose money the same way DAO lost money?    Comments like that without even reading the FAQ is like texting in traffic while driving... REKT Mr. Bitbanksky, also... The DAO sidechain code was responsible for the smart contract exploit, not ETH code. The statements made about it are irrelevant and unrelated because the tokens don't interact via smart contract. Ethereum could literally vaporize and all the holdings barring ETH would be perfectly safe.If there's going to be a similar DAO-like attack in the future (wasn't that a "feature" in the DAO code that was exploited?), Vitalik and friends from ETH foundation will just do another fork of ETH, right? Lol  TheDAO code was quite complicated for early days of such contracts. ICN will be very simple one at the beginning, audited by multiple people, tools. We'll do everything to keep it secure. But if we can't trust any smart contracts, then we shoud just abondon crypto space forever  |
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....Don't forget 400,000 ICN currently represent $20,000 to be distributed among 15-20 people at max.
For that money you can get professional translations with invoice, not google translator one ^^ I want get 1000$ for 2 hours of work not month damm *** Do you want tell me that people who translate ICO are like people who invest 4 BTC (in 3 weeks ) ?? As investor i would be so pissed off that some translators will take more ICO than i with real $$$ PS: From fund management i would see more serious approach to money spending than shit like this.little update: I even move myself to read that translation in my native language - all sounds like google transacted txt this is really hard to read with understanding "what for is whole thing about ? " There are words which are not in use in way translations is forcing them. That is why i usually skip almost all those google translations every coin is all most the same situation. Np: The ICONOMI.PERFORMANCE FUND will aim at high performance - multiplication of investment. Fundusz ICONOMI.PERFORMANCE będą miały na celu wysokiej wydajności - mnożenie inwestycyjnego <-- ORG like google transalte The ICONOMI.PERFORMANCE FUND to fundusz wysokiej wydajności którego celem będzie osiągnięcie maksymalnego zysku <-- moje People from Poland probably will agree with me ^^, let that guy get even 1000$ but make that translation readable and understandable without pain ( ͡° ͜ʖ ͡°)ﾉ⌐■-■ If you can provide a better translation, you should submit it, cite the corrections, and get paid the bounty for it; especially if it represents more than you personally invested. Just a suggestion....  We'll do just that! Actually I invited XbladeX already to be the first to translate if it turns out it was done via google translate. |
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What's the EXTRA day worth in terms of shares in the signature bounty?
this is falling day by day so probably it will be used to calculate last week witch will be like eg. 5 from 7 days. So you get share 5/7 from last week of ICO this is good because they will pay for every day not just WHOLE weeks (7days periods), Exactly. For the last week we'll calculate on a daily basis to be fair to anyone. |
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....Don't forget 400,000 ICN currently represent $20,000 to be distributed among 15-20 people at max.
For that money you can get professional translations with invoice, not google translator one ^^ I want get 1000$ for 2 hours of work not month damm *** Do you want tell me that people who translate ICO are like people who invest 4 BTC (in 3 weeks ) ?? As investor i would be so pissed off that some translators will take more ICO than i with real $$$ PS: From fund management i would see more serious approach to money spending than shit like this.little update: I even move myself to read that translation in my native language - all sounds like google transacted txt this is really hard to read with understanding "what for is whole thing about ? " There are words which are not in use in way translations is forcing them. That is why i usually skip almost all those google translations every coin is all most the same situation. Np: The ICONOMI.PERFORMANCE FUND will aim at high performance - multiplication of investment. Fundusz ICONOMI.PERFORMANCE będą miały na celu wysokiej wydajności - mnożenie inwestycyjnego <-- ORG like google transalte The ICONOMI.PERFORMANCE FUND to fundusz wysokiej wydajności którego celem będzie osiągnięcie maksymalnego zysku <-- moje People from Poland probably will agree with me ^^, let that guy get even 1000$ but make that translation readable and understandable without pain ( ͡° ͜ʖ ͡°)ﾉ⌐■-■ I'll check with native Polish speaker about that. If it turns out this is google translate for real, we will ban this translation and you can be first in line to translate into Polish. Then you can be the one to receive $1000 easily for translation. Can we count on u here? |
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btw, isn't the translation bounty too little compared to other bounties? Usually translation bounty is greater than tweet bounty, but seems wierd here.
no, it's not. i had seen many people using "magic tools" (yea, you right, it's google translate) for translating ICONOMI thread, i think that's why translation bounty is little compared another bounties. So because there's one "scam" job that uses google translate (anyone can do that) you punish all the rest? A proper translation takes around 30-60 minutes depending on the content. I know because I usually do some and I even applied for Iconomi but the translation was already done (and very well). Your argument is completely invalid and pretty stupid actually. You don't seem to respect other people's work. 400,000 ICN for translation still seems a lot as there would hardly be 1-2 dozen people applying for it while campaigns like Twitter and facebook have thousands of people participating for a total of 300,000 ICN. Don't forget 400,000 ICN currently represent $20,000 to be distributed among 15-20 people at max. Yes, and also I think 100k icn for email subscription is too much, 1800 ppl joint this, I guarantee more than half of emails are fake or new to cheat the bounty. Only 86 ppl in slack, too less I'm pretty sure many subscribers subscribed for the bounty only. But on the other hand. 1500 investors and counting. With that in mind 1800 mail subscribers don't seem that high number anymore. Also, many investors that I am aware of have no Telegram/Slack/BTT or other profiles according to my knowledge. |
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btw, isn't the translation bounty too little compared to other bounties? Usually translation bounty is greater than tweet bounty, but seems wierd here.
no, it's not. i had seen many people using "magic tools" (yea, you right, it's google translate) for translating ICONOMI thread, i think that's why translation bounty is little compared another bounties. So because there's one "scam" job that uses google translate (anyone can do that) you punish all the rest? A proper translation takes around 30-60 minutes depending on the content. I know because I usually do some and I even applied for Iconomi but the translation was already done (and very well). Your argument is completely invalid and pretty stupid actually. You don't seem to respect other people's work. 400,000 ICN for translation still seems a lot as there would hardly be 1-2 dozen people applying for it while campaigns like Twitter and facebook have thousands of people participating for a total of 300,000 ICN. Don't forget 400,000 ICN currently represent $20,000 to be distributed among 15-20 people at max. Keep in mind translation bounties do come with moderation as well. If you only do translation and don't keep the thread alive you will receive very little. For example look at Russian translation done by Skyrik. He is doing a really good job keeping Russian local thread alive, answering questions etc. He will receive a nice bounty for that and I'm happy for it, because he is doing a good job promoting ICONOMI to russian speaking community. On the other hand, if one does just translation and no moderation he won't receive as much rewards. On the other hand, look at russian translation. Local thread is very much alive. With valid questions asked (besides lots of bounty questions). And Skyrik will receive nice bounty for that. And it's right to be so. |
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btw, isn't the translation bounty too little compared to other bounties? Usually translation bounty is greater than tweet bounty, but seems wierd here.
no, it's not. i had seen many people using "magic tools" (yea, you right, it's google translate) for translating ICONOMI thread, i think that's why translation bounty is little compared another bounties. And which makes translation a bit boring because google translate most of the time failed on translating a sentence in accurate. Commonly it translates words and not the real meaning of the translated sentence this is why bounty is affected due to efforless job. Can you tell which translation was done using google translate? We'll remove all google translates from bounties and ban users who tried to get away with google translate translations. |
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It has been 3 days since you last reviewed(accepted/rejected) the blogs for bounties
It's reviewed now. Thanks Can one person write more than one blogs for multiple blog bounties? Yes you can write more blogs as long as each has unique content. |
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btw, isn't the translation bounty too little compared to other bounties? Usually translation bounty is greater than tweet bounty, but seems wierd here.
Translation bounty comes with moderation. I think you are confusing stakes and total ICN reward for each category. Combined stakes in each category will receive ICN tokens as described here https://medium.com/iconominet/ico-bounties-ea2922888b85If for example Twitter category receives 100k stakes in total it means that each stake you earn gives you 3 ICN tokens. |
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What's the EXTRA day worth in terms of shares in the signature bounty?
this is falling day by day so probably it will be used to calculate last week witch will be like eg. 5 from 7 days. So you get share 5/7 from last week of ICO this is good because they will pay for every day not just WHOLE weeks (7days periods), you are right. we will pay for each day you have our signature. For example, we post 10 posts in 5 days, we can also earn a week stakes? not a whole weekly stake (because you will not have signature for whole week), but you will get 5/7 of weekly stake. |
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You guys modified it? Please, I find it is still wrong on the list of sig campaigners. 1.9. - 8.9. Count with your fingers, OP, 1,2,3,4,5,6,7,8, there are 8 days, not 7 days.  Is your campaign still open for new participants? your btc campaign is running,is your other campaign also running? Still open. All the bounties, except newsletter are open till the end of ICO. |
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Exactly what will be inevitable... to lose money the same way DAO lost money? Why should they... The DAO was a broken and unaudited code that led millions to be lost.... ICONOMI will only use the Ethereum blockchain to issue tokens and distribute dividends on a weekly basis. A fairly simple job that doesn't require huge amount of coding. If you need a simple example on how this will work, have a look to coinprism.com: tokens stored on the Bitcoin blockchain... it's exactly the same principle. Besides, none of the cold wallets used for the ICO are interconnected, thus nullifying any possibility of hack similar to the DOA. Some very good points here! Thank you BitBanksy. |
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3. Tokens that pay dividends!
...
Most POS coins pay %of share per year without risk of trading, Supernodes pay for supernode , minig shares for minnig. There is a difference between dividends and POS. There will be 100m ICN tokens forever. When you do POS number of tokens grow. Selecting Ethereum as your token's platform instead of running your own network was smart, taking into account your operating needs. However, you seem to be too optimistic about ETH itself (see quotes from your whitepaper below) - security and predictability - don't forget the DAO (security), and hardfork (predictability) - obviously the DAO wasn't directly ETH's fault, but the idea of smart contracts on Ethereum platform seems to be quite complex even for experienced developers. And the HF for bailout, and not for any technical resolution, is just clear econo-politics. - use of robust and well- supported clients - working with Mist is not that robust for an ordinary user - high liquidity - ETH is liquid indeed but what will be your advantage from this? - Ethereum smart contracts enable a very transparent and secure way of profitsharing among the token holders - no thank you, the word "secure" is so improper here Choosing a platform to be build on is definetelly smart. And in will be even better decision in future. Xaurum moving from it's own blockchain on top of Ethereum was a wise decision as well. security and predictability: TheDAO was a special case. Keep in mind that it was a month of heated debate before hard fork happened. And no other transaction was reverted/modified. Humans build platform, and if you don't trust majority then you shouldn't trust blockahain either. use of robust and well- supported clients: ICN will be supported natively on ICONOMI website as well. Talking of Mist not being easy to use for an ordinary user. I totally agree here. We are at the stage where internet was before browsers came out. Good news here is that this can only improve. And UX will improve faster than it did on the internet. high liquidity: for ICN tokens we don't need ETH to be liquid at all. We need ETH network to run. Ethereum smart contracts enable a very transparent and secure way of profitsharing among the token holders: It is transparent and secure. Whichever private address owns some ICN will get dividends. Very transparent and straightforward. |
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fuck more of this vaporware ICO shit, really? $4mil USD or whatever it is?! for what?? what the hell does some coin devs need this for here??
you can bet your ass i wouldn't develop crap if i got that kinda ico money lol, and you can be these guys will bring out sweet fuck all over time with this. even if they do it'll be useless by the time it's released lol!
sure it may see one sweet pump (ahem LISK) then be stagnant forever while idiot bagholders buy the top and sell at a loss (as usual).
the shitty eastern euro crappy English shills posting here for cheesy hype is also hilarious! LMAO
Haters will be haters. When you use "coin devs" you should realise ICONOMI is way beyond a coin. It's more like that ICN are shares of the company that will be making financial products and Fund Management Platform which will target outside investors to get into crypto. Currenct financial products (funds) are very unattractive with their ROI and world is hungry for new financial products. |
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I have invested in the ICO and am interested in answers to some of those questions that I havent seen before. BUt my understanding is alot of these things havent been ironed out yet. Example q's
Where are the funds held?
On what exchanges will they traded and how will this link work.
Basically how does it work and what is the security model?
What fees will be charged>?
How will the platform prevent fund managers from abusing clients funds, and also for the Iconomi funds, have transparency etc.
Have these type of things been established yet at all?
Funds are held in escrow as of now. Most of assets will be in multiple 4/6 wallets. We plan to publish details of how cold storages work, but we don't plan to publish who private key holders will be for pure security purposes. On what exchanges you will know maybe a day before each starts trading. As history can tell, exchanges will deny any plan of listing certain asset even a day before actual launch. Fees for platform? Fund Management Platform will have fee split in a model similar to app store. How we'll prevent fund managers from abusing clients and everyone? We don't know yet for sure. No one build something like that yet. We'll start with a small controlled group and learn from there on. As of now we have certain scenarious how abuses could happen. Those things are not established yet. If they were, we would not be doing ICO as things would be established and running. |
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What's the EXTRA day worth in terms of shares in the signature bounty?
this is falling day by day so probably it will be used to calculate last week witch will be like eg. 5 from 7 days. So you get share 5/7 from last week of ICO this is good because they will pay for every day not just WHOLE weeks (7days periods), you are right. we will pay for each day you have our signature. |
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You guys modified it? Please, I find it is still wrong on the list of sig campaigners. 1.9. - 8.9. Count with your fingers, OP, 1,2,3,4,5,6,7,8, there are 8 days, not 7 days. According to our blog post, at least 10 posts a week have to be published in order to be eligible for bounty. As is customary a deadline stipulated in weeks, months or years shall pass on the day that corresponds in terms of name and number to the day the development from which the deadline is counted arose. |
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There will be 100m ICN tokens forever. When you do POS number of tokens grow.
same goes to ICN tokes that you cant promise constant $ as revenue once can be higher one lower same like with POS coins jump or down. Difrence is that ICN privide %of skills behind devs while %in POS is in codeNumber of tokens is in code. But value of tokens relies on skills as well. If there is no added value in a POS token, market cap goes down, and your tokens are worth less. |
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Tnx. You are right. That is the reason why we were correcting it yesterday, when you noticed it |
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