Another point - are they saying that as long as there are ICO funds remaining, that fees will INITIALLY be split only among the original 85M ICO tokens bought by non devs, AND ONLY LATER split among all 100M ICN tokens (and thus, the devs) only when ICO funds run out?
$6M of ICO funds for ICONOMI ops will last a long time, but if they leave lots of ICNP profit locked up for long periods of time before cashout, they could possible have a real cash flow problem once they depend only on the OPM fee dividends from 15M ICN for ICONOMI operating expenses.
I would hate to see a need for cash flow become a consideration for when ICONOMI does an ICNP profit cashout....
Indeed. A few things are unclear. I'm sure they will explain in time, though. Remember 2 million ICN went to bounties though. The split is 87/13, not 85/15, so they have 13M for devs, not 15M. My post with reply to Mal got messed up, I will try again. From how I understand it: Dividends will always be paid to all share holders, menaing to all 100M ICN tokens. from FAQ: ICN tokens will receive weekly dividends in the form of ETH from all ICONOMI revenue streams I am not sure (no big corp-fin expert), isn't it always like that? I mean, if there are only "Series A" stocks, the company has to pay equally to all shareholders. The ICO deal was 15% "penalty" to all investments, not including early stage bonus (1st week no penalty, 2nd week 5% penalty, 3th week 10% penalty). As for cash management. Iconomi have ~6M usd to burn on operational cost for now and ~80% of ICNP fund profits. Assuming the ICO funds will be enough for 2 years, and assuming that ICNP fund will be managed adequate or better - I don't see much of a cash flow issue in the near future. Even for 50% annual profits for ICNP fund, it means 1.8M usd profit back to Iconomi, which should be enough for operational cost (assuming the big legal cost chunk was already paid from ICO money) So what is this FAQ phrase referring to? "... will not participate in profit sharing as long as there are ICO funds left over...." I understand it as participate in the profits for operational costs (from the beginning of the sentence): "We will be using the capital raised during the ICO for coverage of operational costs and will not participate in profit sharing" profit sharing as deducting profits for operational costs. That's how I understand it, and yes, it can be written more clear |
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Another point - are they saying that as long as there are ICO funds remaining, that fees will INITIALLY be split only among the original 85M ICO tokens bought by non devs, AND ONLY LATER split among all 100M ICN tokens (and thus, the devs) only when ICO funds run out?
$6M of ICO funds for ICONOMI ops will last a long time, but if they leave lots of ICNP profit locked up for long periods of time before cashout, they could possible have a real cash flow problem once they depend only on the OPM fee dividends from 15M ICN for ICONOMI operating expenses.
I would hate to see a need for cash flow become a consideration for when ICONOMI does an ICNP profit cashout....
Indeed. A few things are unclear. I'm sure they will explain in time, though. Remember 2 million ICN went to bounties though. The split is 87/13, not 85/15, so they have 13M for devs, not 15M. My post with reply to Mal got messed up, I will try again. From how I understand it: Dividends will always be paid to all share holders, menaing to all 100M ICN tokens. from FAQ: ICN tokens will receive weekly dividends in the form of ETH from all ICONOMI revenue streams I am not sure (no big corp-fin expert), isn't it always like that? I mean, if there are only "Series A" stocks, the company has to pay equally to all shareholders. The ICO deal was 15% "penalty" to all investments, not including early stage bonus (1st week no penalty, 2nd week 5% penalty, 3th week 10% penalty). As for cash management. Iconomi have ~6M usd to burn on operational cost for now and ~80% of ICNP fund profits. Assuming the ICO funds will be enough for 2 years, and assuming that ICNP fund will be managed adequate or better - I don't see much of a cash flow issue in the near future. Even for 50% annual profits for ICNP fund, it means 1.8M usd profit back to Iconomi, which should be enough for operational cost (assuming the big legal cost chunk was already paid from ICO money) |
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It was stated that as long as Iconomi have enough funds from ICO money for daily operations, all fees will go to ICN holders.
Once they will burn ICO money, profits will first be used for operational costs and the rest will be paid as dividends.
Since ~80% of ICNP profits go back to Iconomi, I don't expect Iconomi to be short for operational funds any time soon
I missed this. Link? "How much is distributed as dividends to ICN token holders? ICN token holders receive everything, after the operational costs of the service operator have been subtracted. Please note that we will be using the capital raised during the ICO for coverage of operational costs and will not participate in profit sharing as long as there are ICO funds left over." https://ico.iconomi.net/faqThat says they won't participate in profit sharing as long as there are ICO funds remaining. The wording is ambiguous, but the least favourable interpretation seems to be "there won't be any dividends until the ICO fund runs out". I.e. no profits will be shared until that time. Can you clear that up at all? How are you reading it? I don't see anything ambiguous about " Please note that we will be using the capital raised during the ICO for coverage of operational costs and will not participate in profit sharing as long as there are ICO funds left over" Profit sharing=dividends I don't know why we have so much discussion around dividends. There is still time for that. My point is that it says they will NOT share profits as long as Iconomi have enough funds from ICO money for daily operations, but you seem to be reading it differently. If they say they will NOT do something, why are you reading it as the opposite? It doesn't say "as long as Iconomi have enough funds from ICO money for daily operations, all fees will go to ICN holders", which is what you said. I am asking you to clarify your interpretation for me. I will try one more time.. I don't know where you take your point it says they will NOT share profits as long as Iconomi have enough funds It is clearly stated in FAQ "we will be using the capital raised during the ICO for coverage of operational costs and will not participate in profit sharing as long as there are ICO funds left over" How is that different than "as long as Iconomi have enough funds from ICO money for daily operations, all fees will go to ICN holders"? It's different because they say they will NOT be doing the thing which you said they WILL be doing. If I said I will not be giving you an ice cream, would you read that as "Mendeleev said he's giving me an ice cream"? I am open to having it explained better, but so far you are just repeating the same words without explanation. How do you read "we will not participate in profit sharing" as "all fees go to ICN holders"? Are you reading it as them saying they will personally not take a profit? Which could be one definition of "participate" (hence the ambiguity I mentioned) I don't mean to frustrate you. If you can't explain your interpretation any better, I may ask one of the team to clarify at a later date. It was just one quote from the FAQ. If you go through the rest of the dividends related questions there you will see that: 1. So basically, dividends are the total income subtracted for operating costs, salaries and potential bonuses? Yes. 2. ICN token holders receive everything, after the operational costs of the service operator have been subtracted Hope it is clear now. You can always post on reddit if you want to get official answer. |
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It was stated that as long as Iconomi have enough funds from ICO money for daily operations, all fees will go to ICN holders.
Once they will burn ICO money, profits will first be used for operational costs and the rest will be paid as dividends.
Since ~80% of ICNP profits go back to Iconomi, I don't expect Iconomi to be short for operational funds any time soon
I missed this. Link? "How much is distributed as dividends to ICN token holders? ICN token holders receive everything, after the operational costs of the service operator have been subtracted. Please note that we will be using the capital raised during the ICO for coverage of operational costs and will not participate in profit sharing as long as there are ICO funds left over." https://ico.iconomi.net/faqThat says they won't participate in profit sharing as long as there are ICO funds remaining. The wording is ambiguous, but the least favourable interpretation seems to be "there won't be any dividends until the ICO fund runs out". I.e. no profits will be shared until that time. Can you clear that up at all? How are you reading it? I don't see anything ambiguous about " Please note that we will be using the capital raised during the ICO for coverage of operational costs and will not participate in profit sharing as long as there are ICO funds left over" Profit sharing=dividends I don't know why we have so much discussion around dividends. There is still time for that. My point is that it says they will NOT share profits as long as Iconomi have enough funds from ICO money for daily operations, but you seem to be reading it differently. If they say they will NOT do something, why are you reading it as the opposite? It doesn't say "as long as Iconomi have enough funds from ICO money for daily operations, all fees will go to ICN holders", which is what you said. I am asking you to clarify your interpretation for me. I will try one more time.. I don't know where you take your point it says they will NOT share profits as long as Iconomi have enough funds It is clearly stated in FAQ "we will be using the capital raised during the ICO for coverage of operational costs and will not participate in profit sharing as long as there are ICO funds left over" How is that different than "as long as Iconomi have enough funds from ICO money for daily operations, all fees will go to ICN holders"? |
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It was stated that as long as Iconomi have enough funds from ICO money for daily operations, all fees will go to ICN holders.
Once they will burn ICO money, profits will first be used for operational costs and the rest will be paid as dividends.
Since ~80% of ICNP profits go back to Iconomi, I don't expect Iconomi to be short for operational funds any time soon
I missed this. Link? "How much is distributed as dividends to ICN token holders? ICN token holders receive everything, after the operational costs of the service operator have been subtracted. Please note that we will be using the capital raised during the ICO for coverage of operational costs and will not participate in profit sharing as long as there are ICO funds left over." https://ico.iconomi.net/faqThat says they won't participate in profit sharing as long as there are ICO funds remaining. The wording is ambiguous, but the least favourable interpretation seems to be "there won't be any dividends until the ICO fund runs out". I.e. no profits will be shared until that time. Can you clear that up at all? How are you reading it? I don't see anything ambiguous about " Please note that we will be using the capital raised during the ICO for coverage of operational costs and will not participate in profit sharing as long as there are ICO funds left over" Profit sharing=dividends I don't know why we have so much discussion around dividends. There is still time for that. |
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ICNX shows good strength.
I am sure that 38% since inception and 7.11% monthly will be very appealing to traditional investors.
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I honestly don't understand why there is not zero liquidity at Kraken. You have to be a complete idiot to sell any ICN you currently have.
people that are currently selling are either not familiar with the project (another ICO to flip on with some profit) or they are trading the dips Or like you said  |
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It was stated that as long as Iconomi have enough funds from ICO money for daily operations, all fees will go to ICN holders.
Once they will burn ICO money, profits will first be used for operational costs and the rest will be paid as dividends.
Since ~80% of ICNP profits go back to Iconomi, I don't expect Iconomi to be short for operational funds any time soon
I missed this. Link? "How much is distributed as dividends to ICN token holders? ICN token holders receive everything, after the operational costs of the service operator have been subtracted. Please note that we will be using the capital raised during the ICO for coverage of operational costs and will not participate in profit sharing as long as there are ICO funds left over." https://ico.iconomi.net/faqWow. I keep learning. First ICN price will go up like a rocket based on unrealized, undistributed profits from ICNX / ICNP, and now effectively 100% distribution of OFM fees as dividends until ICO funds run out. I'll edit my post above. Mind blown. Hodl ^ 2.  |
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It was stated that as long as Iconomi have enough funds from ICO money for daily operations, all fees will go to ICN holders.
Once they will burn ICO money, profits will first be used for operational costs and the rest will be paid as dividends.
Since ~80% of ICNP profits go back to Iconomi, I don't expect Iconomi to be short for operational funds any time soon
I missed this. Link? "How much is distributed as dividends to ICN token holders? ICN token holders receive everything, after the operational costs of the service operator have been subtracted. Please note that we will be using the capital raised during the ICO for coverage of operational costs and will not participate in profit sharing as long as there are ICO funds left over." https://ico.iconomi.net/faq |
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I don't expect dividends to be significant until OFM platform is launched and starts generating fees.
Estimated Weekly revenue of trading platforms (24 hour volume × trading fee × 7 days):
Bittrex: (0.25% fee): $12k
Bitstamp: (0.20% fee): $35k
Poloniex: (0.35% fee): $203k
Optimistic scenario is OFM platform starts generating as much revenue as Poloniex. Then 1k ICN would rake in a massive $2.03 per week in dividends.
Very interesting analysis, but I think you have an error in your calculation here. It appears you are assuming all fees gathered by ICONOMI go to dividends. I don't believe the dividend rate has been officially set but it is usually discussed as being 20%, which means 80% of fees earned would be retained by ICONOMI for future operations and growth. So if OFM gets as big as Poloniex and if ICN sets a 20% dividend rate on profits, your "massive" $2.03 per 1K ICN has to be divided by 5 to become a still quite respectable $0.406 per 1K ICN, or $21.11 per year. For a $0.1257 * 1000 = $125.70 ICO investment, your OFM=Poloniex scenario would be a great ongoing return on tokens you continue to hold which would become worth A LOT more than you originally paid for them - whether or not you bought them originally at ICO, or buy them on the cheap at Kraken NOW. Oh, and your analysis doesn't include any additional dividends on profits generated by ICNX or ICNP. So there's THAT. ICONOMI. So many ways to make money. Hodl. I think you are wrong about the dividends. It was stated that as long as Iconomi have enough funds from ICO money for daily operations, all fees will go to ICN holders. Once they will burn ICO money, profits will first be used for operational costs and the rest will be paid as dividends. Since ~80% of ICNP profits go back to Iconomi, I don't expect Iconomi to be short for operational funds any time soon Edit: The more I think about it, the more I love their business model. Very well planned. As for ICN value - 75% up before first access, with BTC rally in the last 2 months says a lot. |
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Kraken is back online!
Not much ICN left under 0.00030 tho...
Looks like we're heading to 0.0040 soon.
still 38 BTC left till 30k  are you sure it will pass 0.00040 at the end of this month? highest bid today is 0.000282 lot off pressure by sell order while bitcoin value keep upwards The sell pressure is there mainly because most new buyers don't have an ETH wallet to withdraw their ICN to and ICONOMI.net wallet still doesn't accept ICN deposits. All that will change on December 28th when people withdraw ICN from Kraken to their wallets on Iconomi.net so they can earn the weekly Dividends, especially since Kraken didn't announce any plans to distribute Dividends to ICN holders. ICN will be so scarce on Kraken that we could see 0.00100 reached within few days. ICN deposits on Iconomi site won't be available on 28th. It was stated few times on Reddit |
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Why all the noise about dividends now, this has been started before and people were advised to move their tokens to the wallet which they control the private keys not exchange wallet
I haven't moved my ICN yet, so I'm keeping them in ico.iconomi.net wallet so will I received the divideds? I'm not sure that I hold the private key since it is a web iconomi platform?? It was EXPLICITLY STATED that if YOU HOLD your ICO tokens on the native platform, you will GET YOUR DIVIDENDS. If you moved your ICN to an ETH wallet, then as long as you have access to the private keys to said wallet, you get dividends. So these are the TWO CLEAR-CUT CASES where you get dividends. As for exchanges paying dividends, it's up to them. Thank you for clearing this up as there have been many pages and is hard to read all of them But you have missed my other question which is as much important as the first one: But the question is when is this going to happen and how much will be dividend for 1k ICN?
you are gonna get shit for 1K ICN unless iconomi makes a billion dollar profit every month. Why nobody tells how much is the dividends, how much can I expect for 1k ICN ? At least in ICN or in % how much is that, 1%? I have 1,786.70 ICN and want to know how the dividends will work! That's all, thank you... Dividends definition: A sum of money (eth) paid regularly by a company (Iconomi) to its shareholders (ICN holders) out of its profits.If it is still not clear enough, kindly refer to DeadBirdzz answer above |
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it's just unbelievable how icn can ignore btc price movements  Anyone can safely keep your money in ICONOMI Not like ethereum |
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This don't make sense to me. Why the dividends are not paid back as ICN? If it was to be paid in ICN, then ICN price will rise instead of ETH, right?  I would prefer to have dividends paid in BTC or even fiat $$$ USD but if regulations gets in the way then I am more than content with getting paid in BTC. ETH is alright, at least people who are in New York and some other states where they can't sell any of their ICN or buy because they can't use Kraken would be able to at least cash out their dividends if they get paid in ETH and would be able to exchange them at bittrex.com thats assuming that ICN doesn't ever gets added to any other exchange and remains a Kraken only game which personally I dont think (and hope) it doesn't occur, but if it were to happen at least New Yorkers, et all would have some recourse in profiting from their initial ICO investment in the form of being able to have access to their dividends payout without having to sell their house and move to New Jersey just to be able to exchange their dividends (which would be the case if Dividends were to be paid in ICN) I agree!! Diversity is key to giving out the deprived ones options to cash out in their profits by getting paid in a currency they have access to. As a New Yorker, I am missing out on this opportunity, I really REALLY want to purchase some ICN but I cant and I didn't took part on the ICO how stupid of me that I didn't risk 5 FIVE! Bitcoins out of the total of 19,700's BTC I currently hold at my wallet.dat locally today I would invest alot more than 5BTC into ICN if I could. I know I have liqui but I just can't lend myself to trust them plus their liquidity sucks. I hope that 2017 bring me and us New Yorkers some options to buy ICN and that the damage isn't too great. "19,700's BTC I currently hold" .. you flexing eh..no proof... you have that much, but don't wanna play. They are just trolling. You can always buy bitcoin with coinbase or similar and then buy ICN. As for being in NY - VPN They are just crying because they thought ICN would be on polo by now |
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The homepage of ICONOMI.NET doesn't even the link to ICONOMI whitepaper... That's very concerning, I hope they fix it ASAP. They already said they will merge the two sites soon. So until then, we'll just keep losing investors? These guys really don't want ICN to go up any time soon. They stopped giving a fuck about investors the minute they received $10.6m in funding. They don't care about bringing new investors to ICN. They don't care about providing legal assistance to other exchanges to list ICN, despite their promise of "Several Major Exchanges" They don't care about naming their new Legal team, if they actually have one. Only a Class Action Lawsuit will get these guys to deliver on their promises. Good luck with that oh so required lawsuit lmao. Take a chill pill He is just trolling. Don't feed |
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You can request for a coin to be listen on Poloniex here: https://poloniex.com/coinRequest We should all request for ICONOMI to be listed to get their attention. i want to say bad things to you..........  You can always create a new account DeadBirdzz z |
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I've been reading this thread since page 300 or something like that and finally couldn't resist registering and posting this because it made me laugh so hard! https://www.youtube.com/watch?v=XD5rQcOaV84 watch this video at 1:20. This guy says Iconomi 'coin' is an easy way to buy sell and trade ethereum. It has helped people get in and out of ethereum economy. HAHA What the..... I find it so funny that even people who research crypto and post videos everyday have no idea what ICN is. Imagine this guy's face when he goes on coinmarketcap in a couple of weeks and sees at $.50 or higher...WOW! If you currently own ICN, even a few thousand... Consider yourself lucky! don't be one of the noobs who dumps when ICNX and ICNP is released.... because you will be selling to people who think ICN 'coins' help you get in and out of Ethereum!! For those who think ICN will take a long time to reach $10, I need to remind you XMR was around the same price as ICN this time last year. ICN has no inflation and will eventually pay dividends. I expect it to peak next year around August to $13-$15 when OFM is expected to release in Q3. Once hype is over and platform is running for 6-12 months. Then I expect price per 1 ICN token to be at least roughly 5-10% of the actual dividends that the token generates per year. For all of this to occur, devs need to A) deliver on all deadlines they have set (so far so good) B) have a killer UI which appeals to average joe and C) use online advertising to generate buzz and attract average joe who have no clue about the actual token and dividends but primarily use the platform to invest in funds and generate those fees for us . Happy days! Congrats for first post! I have just remark about your XMR example - currently there are 13.5M XMR and 85M ICN |
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What do you think is the common sentiment? Is everyone and their mother going to dump on Dec. 28 because they need liquidity to invest into ICNX/ICNP or do you think it will pump since it's the release of the platform and Iconomi pretty much starts working from that point on? Would like to hear some opinions.
Only ICNX will be available for investing. ICNP has enough funds for now. When Iconomi will need to further seed ICNP they will ask for ICO participants first. Selling ICN in order to buy into ICNX is as stupid as it gets I thought a couple days before Dec. 28 ICO participants could invest into ICNP? Didn't they say that on reddit? "Wednesday 21st December we'll give access to the very first few from our early access list (we expect feedbacks from those users). Maybe same day, maybe within next 2-3days early access will be given to all on early access list. A day after access willl be given to all 3,508 investors. Wednesday 28th December is THE launch date for all." Or what does he mean by "access"? It means platform access. What do I do with platform access if I can't invest in ICNP? You'll find out om Dec28 |
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What do you think is the common sentiment? Is everyone and their mother going to dump on Dec. 28 because they need liquidity to invest into ICNX/ICNP or do you think it will pump since it's the release of the platform and Iconomi pretty much starts working from that point on? Would like to hear some opinions.
Only ICNX will be available for investing. ICNP has enough funds for now. When Iconomi will need to further seed ICNP they will ask for ICO participants first. Selling ICN in order to buy into ICNX is as stupid as it gets I thought a couple days before Dec. 28 ICO participants could invest into ICNP? Didn't they say that on reddit? "Wednesday 21st December we'll give access to the very first few from our early access list (we expect feedbacks from those users). Maybe same day, maybe within next 2-3days early access will be given to all on early access list. A day after access willl be given to all 3,508 investors. Wednesday 28th December is THE launch date for all." Or what does he mean by "access"? It means platform access. |
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