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521  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform ❘|❘ ICO NOW OPEN on: August 29, 2016, 03:24:34 PM
when the bounties for twitter and facebook will end?

bounty twitter campaign facebook campaign
and signature campaign will end until ico its end too
maybe 5 week

Exactly. All bountie campaigns end with the end of ICO period.
522  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform ❘|❘ ICO NOW OPEN on: August 28, 2016, 05:57:20 PM
Newbie here.  A few questions.  1)How will ICN holders receive dividends?  What will be received as dividends?  Will ICN tokens be tradable?

Thanks


I recommend reading both whitepapers:
https://www.iconomi.net/ICONOMI_Whitepaper.pdf
https://www.iconomi.net/CoinFundsWhitepaper.pdf

And also all of the posts by ICONOMI bitcointalk account:
https://bitcointalk.org/index.php?action=profile;u=888936;sa=showPosts


Thanks for the links. I was just lazy.  I read them all.  Answers to my questions are. 1)Dividends will be most likely paid in Ethereum and the payouts will be weekly.  2)ICN token will be tradable




I can confirm that. Dividends will be paid out in ETH weekly. ICN tokens will be tradable. Well done reading whitepapers! Smiley
523  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform ❘|❘ ICO NOW OPEN on: August 28, 2016, 03:30:32 PM
Managded to sign up with my phone lol
Can I send Bitcoin to ICO  straight from my exchange account?

Yes. You can send funds from anywhere.
524  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform ❘|❘ ICO NOW OPEN on: August 28, 2016, 01:48:32 PM
I like this project and will look forward to supporting you in one or more campaigns.

In the thread, I read that "all funds will be returned", but what could I base my hope on that I would get my funds back if I invested into ICONOMI platform?

Unfortunately, in the past where I invested into a platform that was at crowdsales, the person who held the funds decided to disappear with the investors' money.

In our case we build a system with trusted escrow partners. That means we don't posses full control of our collecting addresses, but escrow partners do. That way, we can't just disappear. And all escrow partners are well known in community and have zero incentive to run disappear and run away with anything. They for sure will not sacrifice great projects like LISK and Xaurum to run away with our collected funds. Not gonna happen.
525  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform ❘|❘ ICO NOW OPEN on: August 28, 2016, 01:40:02 PM
when the spreedsheet for newsletter bounties will announce ?

I'd rather not have my email publicly listed.  Everyone could potentially become target for phishing attacks (and spam).

We solved that with publishing a list of salted md5 hashed email. I hope you found your hash in that table!
526  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform ❘|❘ ICO NOW OPEN on: August 28, 2016, 10:49:39 AM
Hi ICONOMI,

2 questions:

1. Can I do multiple deposits to the ICO?  Fo instance, deposit 1 BTC today then another 1 BTC tomorrow?

2. I have read that ICN tokens bring dividends.  Is this similar to stock dividends?  Perhaps a stupid question, but if ICN token limit is 100M (85M is distributed in the crowdsale plus 15% used elsewhere), where will you get the ICN dividends to give to your investors?  Sample case 10% stock dividend is already 8.5M ICN - where will you get this if you have 100M limit?

Thanks.

Thanks for questions.

1. You can do multiple deposits.  You can mix currencies or send multiple transactions in the same currency. 1 BTC today, 1 BTC tomorrow is fine.

2. This is similar to stock dividends. They will be paid out in ETH. They will come from profits we'll be making with operating funds.
527  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform ❘|❘ ICO NOW OPEN on: August 28, 2016, 10:37:03 AM
This coin ICO is going like fire. I cant believe it just reached App 800BTC within few days. May be because of trusted escrows people are trusting this ICO unlike the Opair. By the way if you people will achieved your target of 2kbtc before the end date of ICO will you stop the ICO?

2k BTC is the success threshold. The final price will be determined by free market of investors.
528  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform ❘|❘ ICO NOW OPEN on: August 28, 2016, 10:30:01 AM
When ICONOMI tokens are out, will it be possible to use a light wallet like myetherwallet to store 'em ?

PS. Reminder to add Greek Translation in OP:
https://bitcointalk.org/index.php?topic=1596956.0


Yes, it will be possible to use anything as it will be a contract deployed on top of Ethereum. Myetherewallet will work as well. You will control the ICN tokens same way as you control ETH.

From whitepaper: https://www.iconomi.net/ICONOMI_Whitepaper.pdf
Quote
ICNs will be issued with the deployment of a smart contract on the Ethereum network and
transferred to an Ethereum address users will be able to provide through the ICONOMI
interface. Users who fail to do so will still be able to access their ICNs via the ICONOMI
website.
529  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform ❘|❘ ICO NOW OPEN on: August 28, 2016, 10:20:02 AM
Could something like the Dao happen with this? Like security exploits?

Who knows, this platform is based on ethereum, so it is possible.  Cry
That's basically my biggest fear with this. Just that unknown.

TheDAO and ICONOMI are different. TheDAO had a bug in the code with lots of ETH inside and that's what brought it down. We won't nearly be that exposed as most of the funds will be kept in multiple cold wallets (and not in one giant multisig like Bitfinex had).
530  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform ❘|❘ ICO NOW OPEN on: August 28, 2016, 10:13:20 AM
17. Are the investment funds going to be open for everyone to participate?

The ICONOMI.INDEX fund will be open to everyone, while the ICONOMI.PERFORMANCE fund will be by invitation only. However, ICONOMI ICO participants will be invited to the ICONOMI.PERFORMANCE fund.

 Huh If I only invest a small amount in the ICO and wish to add more at some other time, will I be able to add more to a CMF, or will I only be able to invest the original ico amount?

ie 1btc now 10btc later ?

There won't be any limit of how much to invest into ICO compared to how much anyone will be able to invest into ICONOMI.PERFORMANCE.

But if it turns out that too many investments wants to be invested into ICONOMI.PERFORMANCE (It will be limited with a reason. Because there will be limited investment opportunities for that fund) then we'll just have to prioritise it somehow. Then the ones with more investment into ICO should have slightly higher priority.

is there any ballpark figure you have set for no. of participants or total amount of Fund to be raised for CMF/ICONOMI.PERFORMANCE? if it is competitive then there must be an indicator or minimum limit for amount of investment to be made to qualify for ICONOMI.PERFORMANCE.

its a tough decision to commit so much money for 35 days without any return and with that said you may still end up with ordinary CTF that you can enter anytime.

although i have invested some a little amount of bitcoin in ICO but still the uncertainty to qualify for ICONOMI.PERFORMANCE is keeping for committing any more BTC to the project.

ICONOMI.PERFORMANCE will be invite only for ICO participants at beginning. Regardless of investment size. But if it turns out that we're filling each batch in 5mins we'll have to priotorise bigger investors first. I think it is fair to say that someone who contributed a lot for it to happen have early access.
For those not in ICO it will remain closed until there are enough investing opportunities.
531  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform ❘|❘ ICO NOW OPEN on: August 27, 2016, 08:06:00 PM
If I create an article about ICONOMI and posted on steemit, will I still get a blog bounty?
Curious to know, i can't join the signature campaign as I'm currently enrolled to one. It will be good to have after all it will have exposure to targeted audience if posted on steemit.

Well I don't know if it could be an eligible blog entry since steemit is more of like a social media platform as they advertised it to be. But since you fully own whatever you write on there, I think it could somehow be counted as a blog post.

Exactly. But I can't count on what you said though. would like to see what ICONOMI have to say about this.
Its like hitting two birds in one stone really. steemit allows us to earn while posting there so  its still unsure if he will consider this.

I can confirm that this is valid. What is most important is it's own content. Not translations or copying only.

On which medium you publish it. That's up to everyone.
532  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform ❘|❘ ICO NOW OPEN on: August 27, 2016, 07:32:26 PM
My blog have been submitted and got accepted also listed on spreadsheet . Thanks. !!
Well , about the ICO i have seen more than 434k USD invested (approximately 755.7BTC) , and than 35% progress from 2000BTC already achieved on first week. That's good start for this project. I would be more excited with this project  Smiley

To be more presice, it is just the 3rd day.  Cheesy  I have to say this project is so promising, so investors can't stop to inevst, lol

i really hope the figures are not inflated.. that's 1,462$ (~3BTC) per investor. The Trust being depicted is too much considering there are no set targets for investors and everything is for ICONOMI to decide at the end of ICO.

Numbers are not inflated.

We are transparent as much as possible. That way you can check our collecting addresses in full:

BTC: 3KbWWjumBGLBUWYCeidydxe1uET9QyWoEg
ETH:0x154Af3E01eC56Bc55fD585622E33E3dfb8a248d8
LSK: 6300322192409448238L
533  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform ❘|❘ ICO NOW OPEN on: August 27, 2016, 06:21:16 PM
I'm not understanding this fully. If we buy Iconomi tokens what dividends are we then entitled to?
Does this include profits from the investment funds? What about profits from the exchange?

Correct me if I am wrong on any of this:

This ico is not for the iconomi.index (CTF) and iconomi.performance (CMF) funds.  This ico is only for ownership of the OFM platform (ICN tokens).

- the iconomi.index (CTF) tokens will have a separate ico to raise funds.  These iconomi.index (CTF) tokens will be tradeable on exchanges

- At that point we will have 2 tokens: ICN tokens (OFM platform) and iconomi.index tokens (CTF) trading on exchanges

- The 3rd offering to raise captial will be the iconomi.performance (CMF) private fund.  Invitation only.  No tokens which are tradeable on exchanges.  Only way to go in and out will be through a manual/oldschool process.


Benefits of owning ICN tokens (OFM platform):

- voting rights, dividend rights, and invitation to invest in iconomi.performance (CMF) offering

The dividends come from here:
Quote
The OFM platform systematically enables the sharing of management fees between fund managers and investors with Ethereum smart contract utilisation.

Questions:

1) How is the profit sharing decided on the OFM platform?
  - How much does fund manager keep
  - How much is sent to investors in the fund manager's fund
  - How much is distributed as dividends to ICN token holders

2) Will iconomi.index (CTF) and iconomi.performance (CMF) funds be migrated to the OFM platform, then profits from these 2 funds will be shared with holders of ICN tokens?  Or are these first 2 funds entirely separate from the OFM platform / ICN tokens?


This ICO is for ICONOMI management platform. Think of it as buying company shares. And this company will than make products and create profits.

The products ICONOMI will create won't have their own ICO. They will be financial products that we're be selling to outside investors. And those products will charge fee to their own investors just like mutual funds and etfs charge fee.

ICONOMI.INDEX - CTF will be tradable on exchanges yes.

CMF is general term. There will be many funds in CMF. One will be named ICONOMI.PERFORMANCE. This token will be invite only (for ICONOMI ICO participants at the beginning). Way to go out/in will be via us only on those tokens. 24/7 and simple. Sending money in/out in essence.


Answers to questions:
1)
- Profit sharing (fee split) on OFM will be split between ICONOMI as platform and fund manager as the one performing trading. It is not yet decided. But think of Uber/Airbnb split kind of tyle.
- Fund manager will get more than platform. See previous answer.
- Investors in fund will probably have around 20% performance fee on their gain.
- Our operational cost is what we'll burn. The rest goes to to "the owners of the company" - ICN token holders in that case.

2)
ICONOMI.INDEX and ICONOMI.PERFORMANCE will eventually be migrated to OFM. In effect those will be just two more funds on the platform that happened to be managed by us.


Great, thanks, I'm understanding this better now.  Two more questions:

1) Where will you be getting the capital for the first fund, iconomi.index (CTF) ?

2) Let's pretend I want to create and manage a fund on the OFM platform, movecrypto fund.  
- How do I raise capital for the fund?
- Am I only collecting capital inside the platform through ICN or ETH?
- Could I also collect capital from outside the platform in the form of EUR or USD?  
- Then I create/distribute a movecrypto token on the OFM platform to represent shares in my fund
- The price of this movecrypto token within the OFM platform would be denominated in ETH or ICN, for people who want to trade movecrypto tokens?

You are welcome.

More answers:

1) the capital will come from people outside of this community. Probably 1st factor of separation leads will be done by ICN investors. The rest with our marketing and strategic moves.

2)
- if you have a brand name you could do it from beginning already. If I know you and trust you I'm willing to put money in your fund right away. But most likely it will be in a way that you will trade your own small fund. Described it the way  your logic works and then trade. Others would see your description and your track record. And if someone will like it it will offer you to accept for example 10k USD investment into your fund. If you will accept it you will then trade for that guy as well.
- we'll provide collecting capital on the platform for crypto
- we'll as well provide collecting capital in fiat for your own fund (here majority of funds will flow in)
- then you trade and your token raises or loses value on the platform
- the price on IFM platform will be denominated in USD (because most people are familiar with that currency)
534  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform ❘|❘ ICO NOW OPEN on: August 27, 2016, 05:11:21 PM
signaure are different on iconomi blog and bitcointalk Huh

There are 2 bounty campaigns. One of Bitcointalk thread done by yahoo for BTC. The other one by us for ICN tokens.
535  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform ❘|❘ ICO NOW OPEN on: August 27, 2016, 04:46:34 PM
NEWSLETTER BOUNTIES:

Newsletter bounties closed with the start of ICO.

There was 1778 unique participants.
That equals to 56.242969628796400449 ICN tokens per unique email.
Edit: There was dust left of 0.000000000000001678 ICN.

List with md5 hashes will be published later for anyone to check. List will contain md5 hash of email email and UTC time of email submission.

I published list with salted md5 hashes here: https://docs.google.com/spreadsheets/d/1dSKpNpbECr-F_F-75OTJIJmaiXJPp0PKK9raK3TJBSI/edit#gid=636503125

INSTRUCTIONS on how to check for your email:
To find your email hash please go to: http://www.md5.cz/ and if your email is info@test.com enter info@test.com-iconomi-ico in the field.You will receive an md5 hash which you can find in this table to check that your email is on the list. We are salt hashing this for everyone to check their email while still maintain privacy.
536  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform ❘|❘ ICO NOW OPEN on: August 27, 2016, 03:13:18 PM
NEWSLETTER BOUNTIES:

Newsletter bounties closed with the start of ICO.

There was 1778 unique participants.
That equals to 56.242969628796400449 ICN tokens per unique email.
Edit: There was dust left of 0.000000000000001678 ICN.

List with md5 hashes will be published later for anyone to check. List will contain md5 hash of email email and UTC time of email submission.
537  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform ❘|❘ ICO NOW OPEN on: August 27, 2016, 01:01:02 PM
Hello to ICONOMI Supports and Devs, I just want to know that when will the start of Twitter Campaign? I want to get some ICONOMI.

How can I get some ICONOMI thru this forum, (I don't want to join signature campaign of ICONOMI because I'm on other campaign) .

You have few options.

Join Twitter and Facebook campaign. We also run Blog and Translation campaign. If this ANN is not yet translated you can probably make good amount of coins with local active thread.
For example look at Russian thread: https://bitcointalk.org/index.php?topic=1587829 managed really well by Skyrik. Thank you Skyrik! He made 100 stakes for translation and 5 more for each post under his thread.
538  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform ❘|❘ ICO NOW OPEN on: August 27, 2016, 12:49:13 PM
What gives the coin value?
What will it be used for other than trading?
How can you guarantee profits and entice investors? Yes we know 2016 was a good year and there have been good alt coins and good icos but how can you say that will continue every year...
How exactly is this different then just trusting any other qualified professional with my money?
We know there are plenty of profits in crypto. We know it is difficult for people to get money in the crypto stream. How exactly though are you any easier? I don't see it.
How can I know that your fund performance isn't false. What's to say you don't claim a 300% profit when in reality it was 1000%.?
If the coin is used just for means to distribute profit, then honestly the coin would have no true value in the beggining other than the total investment raised in ICO which really doesn't mean anything because that money isn't the coins, it's the projects. What happens on a huge market loss, the project goes under?
This just seems like a conventional business hyip model that just has complicated systems to make it seem like a complex project using Ethereums blockchain. What if the Ethereum blockchain fails? Why not just start an investment firm and build a traditional portfolio with all cryptocurrencies....you are using a coin like stock in a business pretty much, and just using crypto terms and ideologies to be attractive to the market...

Funds and fund management platform is what gives value to the coin. Imagine that you're shareholder of some investment bank. With ICONOMI is the same.

It will be used for trading, but if you're a holder it will give you weekly dividend from funds profits.

We don't guarantee profits. One coin and other scams are the only one guaranteeing profits - until it turns out there are no more profits. But the landscape we're in is evolving and going beyond just a simple value tokens. Try to read this, to get better understanding of what is going on https://medium.com/the-coinbase-blog/app-coins-and-the-dawn-of-the-decentralized-business-model-8b8c951e734f

Integrity and transparency are our key values. We're in a trust game. If we are not fully transparent then we get less trust and less business. Therefore it is in our interest to be as transparent as possible. With managing funds, with fund rules and everything. Transparency is the key for our success!

What happens when crypto markets will be hit by hard times? We'll still be getting management fee, so in a way it is safer investment.

And we are using Ethereum platform in order to be as transparent as possible. If Ethereum fails? I see no reason for that to happen. But it is not the only platform. Lisk is another great platform as well! That's also the reason why we are accepting Lisk natively!
539  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform ❘|❘ ICO NOW OPEN on: August 27, 2016, 09:37:13 AM
I'm not understanding this fully. If we buy Iconomi tokens what dividends are we then entitled to?
Does this include profits from the investment funds? What about profits from the exchange?

Correct me if I am wrong on any of this:

This ico is not for the iconomi.index (CTF) and iconomi.performance (CMF) funds.  This ico is only for ownership of the OFM platform (ICN tokens).

- the iconomi.index (CTF) tokens will have a separate ico to raise funds.  These iconomi.index (CTF) tokens will be tradeable on exchanges

- At that point we will have 2 tokens: ICN tokens (OFM platform) and iconomi.index tokens (CTF) trading on exchanges

- The 3rd offering to raise captial will be the iconomi.performance (CMF) private fund.  Invitation only.  No tokens which are tradeable on exchanges.  Only way to go in and out will be through a manual/oldschool process.


Benefits of owning ICN tokens (OFM platform):

- voting rights, dividend rights, and invitation to invest in iconomi.performance (CMF) offering

The dividends come from here:
Quote
The OFM platform systematically enables the sharing of management fees between fund managers and investors with Ethereum smart contract utilisation.

Questions:

1) How is the profit sharing decided on the OFM platform?
  - How much does fund manager keep
  - How much is sent to investors in the fund manager's fund
  - How much is distributed as dividends to ICN token holders

2) Will iconomi.index (CTF) and iconomi.performance (CMF) funds be migrated to the OFM platform, then profits from these 2 funds will be shared with holders of ICN tokens?  Or are these first 2 funds entirely separate from the OFM platform / ICN tokens?

Good questions.  The whitepaper says 100% of the ICN tokens represent 100% of the ICONOMI platform, which I assumed the CTF and CMF would fall under.  But not sure now that you ask.

CTF and CMF will be funders operated under ICONOMI. Profits we'll make with those funds will go to cover our operational costs and the rest will be given as dividends weekly to ICN token holders.

Think of ICONOMI as a company and now you're investing to become a shareholder. When we start making profits owning ICN tokens will bring u dividends.
540  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform ❘|❘ ICO NOW OPEN on: August 27, 2016, 09:25:16 AM
I think my last question got drowned somehow and it may be important for others as well:

Is it important that we control the private keys to the addresses from where we send funds, or is it safe to send funds from exchanges directly?

I hope it is ok to send from exchanges because thats how i did it.  I don't think it will even be an issue since it looks like it will smash through the 2k btc threshold.  

I'm sure they can incorporate a currency wallet check onto our ico homepage if necessary.

My concerns were more about how to collect the tokens afterwards. Some projects use your Privkey for it. Now, in this case I wouldn't expect it to be that way, since there are multiple ways to invest, but just to make sure, I'd like to hear/read a statement, ideally with an explanation of how the tokens will be distributed afterwards(someone mentioned Ethereum Mist wallet).

At the end of ICO or perhaps even before we'll create an interface in which you will be able to put your public ETH address. That way, you'll get control of your ICN tokens directly by your corresponding private key.
I sent Bitcoin directly from exchange will there be access to transfer icn from iconomi deposit account page? Without having the bitcoin address privatekey from where the funds were sent??

Sending any coins from exchanges or anywhere is perfectly fine. You don't need private keys of that.

From the ICONOMI whitepaper:

Quote
ICNs will be issued with the deployment of a smart contract on the Ethereum network and
transferred to an Ethereum address users will be able to provide through the ICONOMI
interface. Users who fail to do so will still be able to access their ICNs via the ICONOMI
website.
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