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.

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.

This project will be like mutual funds yes. But more importantly we'll create fund management platform. Imagine a service where everyone can trade on it's own. In a transparent way. And then because of it's performance others can invest into your fund. And then you manage other people's money. It's a platform. Like Uber where everyone can be a "taxi" driver.

Nasdaq/Dow... in distant future perhaps yes. For now definitely not. Winklevoss twins are trying for year to regulate Bitcoin ETF and no luck so far. It's still too early.

We haven't directly contacted any exchange. Exchanges will be interested when they smell there will be lots of trading with ICN. Check our telegram https://telegram.org/iconomi
Some investment banking people are very talkative there:)

Blog post about that will be published soon with clear picture of that. We are still discussing how to avoid sudden market moves. One of scenarious now it to have last day daily average on multiple exchanges. That is something that would avoid exact second pumping by someone.

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.

Those are two different bounty campaign. But both for signatures.

Facebook and Twitter bounties we are counting with the API. There is too much activity for manual work, so u can be sure it will be done proper! But next week Dashboard on ico.iconomi.net is coming out for bounties.

There are bounties for facebook and twitter. Instagram will not have bounties.

There is also BTT signature bounty. You can register here: https://docs.google.com/a/cashila.com/forms/d/1yMsVhmuQOFCeMmnaXySyZPbOyNynjJOyRyzQ1wkN2HU/edit
Newsletter bounties were running before ICO started and are closed now. We'll publish spreadhsheet today.
Twitter and Facebook will have live dashboard to see bounty rewards next week.

Sorry to hear that? What browser are you using? IE hasn't been really tested. Yesterday we had some JS issues, but these should be fixed by now. If you keep having issues write me at support (at) iconomi.net

Thank you. And number is still growing. Also we see surge of signature bounties applications.

And I can see some nice transactions on frequent basis coming in.

Thx for help with answer. I can confirm that.

Value of all the currencies will be determined on the last day of ICO. Shapeshift currencies will be converted to BTC and therefore their value will be based on value of BTC.
Same goes for EUR and USD as well.


Sorry to all for not being responsive for the past 12h. We were awake wednesday to thursday night. And we had to take some sleep. However, I'll go now over all unanswered question and answer them in the next few hours.

Very true! Some even explicitly deny even when they have it all ready for listing certain token. So there won't be any pre-annoucement about exchange listing.

It will definitely trade on other exchanges. Which one, we don't know yet.

We might be registered as Cashila. We'll be there with our own booth. If you're around ur welcome to come around.

We are looking to raise at least 2k BTC.

If we would raise less we would return 100% of the funds back to the investors as that would for sure not be sufficient to create products we envisioned.

However, the final market cap (raised amount) will be set by you and the other investors.

There are several sales and marketing tools ready, one of them is for example referral program. Since operating costs are extremely low in comparison to funds from the old economy, referral incentives will be substantial. Of course, both funds will have good results and that will be the key marketing tool. Traditional marketing is planned too. But the key tool will be word of mouth - we should no forget we are talking about the platform. The owners of funds will do their marketing.

Using your analogy.

When you need bread you go to bakery.
You could also buy ingredients and make that bread at home. This is how we invest now in crypto.

When you want to build a house you hire subcontractors. This is analogy of us.
But you could also buy material needed for house and build it yourself. But you would need to have time and experiences and be skilled at it. This is what community is now. This is how we do it.

But in order to get other people busy in their daily life and without sufficient understanding of "how" to do it we'll build financial services that will serve to people outside crypto to get into crypto.

They will need to know they want a "house". Maybe one with balcony or in different design and they will get just that.

I hope that answers your question.

Edit: ICONOMI will get paid for that service and will then distribute profits to cover our expanses and the rest of the profits we'll distribute as profits to ICN token holders.

Price of ICN token will be defined by investors. In that case 1 BTC will be worth xx amount of ICN tokens.

You can not request to receive 1 BTC back during the ICO. After ICO you will receive corresponding amount of ICN tokens which you can convert back to BTC or more if price will appreciate on exchanges which will list ICN.

Best idea to understand our vision and understanding that the team knows what we're talking is to check whitepapers. Even if you just scan them:

https://www.iconomi.net/ICONOMI_Whitepaper.pdf
https://www.iconomi.net/CoinFundsWhitepaper.pdf  

This is for ICONOMI funds.

ICO is non refundable. And the amlunt invested will give you ICN tokens.

Not directly. We are focusing on ICO now as much as possible. If it goes as well as planned and as it started hitting exchanges won't be a problem:)