I have done questions, can you answer it
One) Do you mean we would reach ROI within an year?
Two) Iconomi team hasn't converted the currencies collected in ICO,.
So they have total 10.7 (aprox) million out off which 10k btc would be reserved for development.
So for the performance fund they have 10,700,000 - 10,000*710 = $3,600,000
Am i right?
One) Return on Investment (ROI) will occur weekly starting January 2017 for ICNP. I think. How much ROI we get depends on how much ICNP profit there is. Nobody can predict that. From my calculation above, if ICONOMI grows ICNP by 2.7X during 2017, we will get a 15% dividend return in 2017 on our original ICO payment. If ICONOMI grows ICNP by 3.7X during 2017, we will get a 23% dividend return in 2017 on our original ICO payment. If these targets are hit, ICONOMI will be a very, very solid dividend investment by Wall Street standards. And this does not include the ICN tokens you hold going up in price themselves on the exchanges as you earn dividends from them. It also does not include dividends from fees gathered by ICONOMI from other funds using their platform to reach fiat investors. Two) ICNP is originally funded from around 7657 BTC gathered during ICO. At the end of ICO on Sept 29, Bitcoin was at 605 USD per BTC so the value of ICNP was 7657 * 605 = $4.6M. Over the past month Bitcoin has appreciated from 605 USD per BTC on Sept 29 to 707 USD per BTC today on Oct 31. The value of ICNP today is thus 7657 * 707 = $5.4M today. So the value of ICNP is up by $800K in a month due only to Bitcoin appreciation. |
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Edited to add:
Note that ICONOMI dividends will outperform the best NASDAQ Credit Suisse dividend stock by "only" hitting a 2.7X multiplier for its $4.6M ICNP fund in 2017.
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Let's talk about ICONOMI dividends. First, some facts. The ICONOMI ICO ended on Sept 29. On that day, Bitcoin was worth 605 USD / BTC. ICONOMI closed their ICO with $10,682,516 in crowdfunding. So they got 10,682,516 / 605 = 17,657 BTC equivalent. That investment paid for 85,000,000 ICN tokens. So each token at end of ICO was worth 17657/85M = 0.0002077 BTC each or 0.0002077*605 = 0.1257 USD each. The deal was that the first 10K BTC would go into ICONOMI development and the remainder (7,657 BTC equivalent = $4.62M) would go into the ICN.Performance (ICNP) fund. ICO participants would then split as dividends 20% of profits from this initial ICNP investment of $4.62M. There are also supposed to be numerous other dividend income streams from fees, etc. We're gonna ignore them for now, and talk here only about ICN dividend profits just from ICNP. Here's the key question: What dividends must ICNP yield to be considered a success? My answer: ICNP will be a HUGE success if it yields annual dividends greater than those produced by the top dividend stocks on the American NASDAQ exchange. The top dividend yield of any NASDAQ stock is 23% from OXLC. Note that the top-yielding Credit Suisse stock of SLVO yields 14.65%. If ICONOMI can deliver better yields than the best that Credit Suisse has to offer, ICONOMI will be doing VERY good indeed...  So the "success" question above becomes "what does ICNP have to do so that 20% of its 2017 profits equals 23% of its total ICN token ICO value of $10.68M?" Well, that's just straight algebra. (0.2) * (2017 ICNP Profit) = (0.23) * $10.68M 2017 ICNP Profit = ((0.23)/(0.20)) * $10.68M = $12.3M So for annual ICN dividends to equal the best that NASDAQ stocks have to offer, during 2017 Jani and Co. must turn the ICNP original $4.6M into $4.6M+ $12.3M = $16.9M. That's a 3.7X multiplier. BOTTOM LINE: If you believe Jani and Co. can take $4.6M and multiply its value by 3.7X during 2017 in the Cryptocurrencies market, then you need to head over to Kraken and buy ICN, because hitting that target will make ICNP a better dividend producer than any stock on NASDAQ.
Note that ICONOMI dividends will outperform the best NASDAQ Credit Suisse dividend stock by "only" hitting a 2.7X multiplier for ICNP in 2017.(And if YOU think YOU can run a crypto fund that will hit 3.7X or even 2.7X during 2017, then YOU need to get your fund on the ICONOMI platform!) |
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The story so far. This ain't no dump. Last sale was at 0.00017 BTC/ICN. At 705 USD/BTC, that puts ICN as almost exactly 0.12 USD/ICN. Given that BTC has risen from 650 to 705 USD/BTC since ICN has been unlocked, and with the Zcash craziness, there's only once conclusion to be drawn... In the first 72 hours of trading, investors are HODLING ICN in the ballpark of the ICO price, despite big price swings all around them.(Remember - ICN is an unmined zero inflation token sitting on a pile of 16K BTC equivalent gathered during ICO! The PRICE of ICN may go down a little as the PRICE of BTC rises - but the VALUE of ICN stays constant because of the PILE!) 
THIS is what a crash looks like for all other inflationary, minable altcoins in just the past 24 hours....be thankful you are in ICONOMI. |
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Surely it's a big mistake if someone bought it <Zcash> at these prices but I made 0.1 btc today just from mining this shit for 2 hours with my gtx 1070  Hey, I've got a GTX 1070! Hmmmmmmmm............ How many kh/s in this gpu?  |
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Surely it's a big mistake if someone bought it <Zcash> at these prices but I made 0.1 btc today just from mining this shit for 2 hours with my gtx 1070 Hey, I've got a GTX 1070! Hmmmmmmmm............ |
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I would be THRILLED to go with their "average case" scenario, which coincidentally assumes the final ICO amount that was actually donated.
They see the "average case" P/E ratio for ICONOMI as being ONLY 15 (!!!) and yet still hitting a price of 0.02475 (!!!). That's a 0.02475 / 0.0002 = 123 TIMES THE ICO PRICE.
I am an ICN bagholder and I am not selling a single ICN token I own for quite a while.
Umm... 0.02475 in USD, not in BTC. That's below ICO. I believe that is in BTC Nope, it's USD. My bad. I withdrew my original post but these copies live on to document my oversight. I am still HODLING! |
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...we're all out of mercy here.
given a week without response form the team, even the huge whale that owned millions of ICN will dump what he got for $0.12 each just to stop loss.
THERE IS NO LOSS. SAVVY KRAKEN TRADERS ARE ADJUSTING THEIR ICN PRICES APPROPRIATELY TO HOLD ICN LAUNCH VALUE CONSTANT IN THE FACE OF THE ONGOING SURGE IN BTC VALUE. SEE MY POST ABOVE. |
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Hi guys what was the ico price for iconomi?
I see 2k btc max ico funds to be raised on page one that will put the price at 2k sat is that correct?
2000 bitcoin was the THRESHOLD, not the max. The max was 21,000 btc ok so what was final price and what was the amount sold all the 100M coins? thx 85,000,000 ICN tokens were sold for $10,682,516. The per-token cost was thus 0.1257 USD. That equates to a current BTC cost of 0.0001836. Collapse down to 18k. This is going to be bad...
That isn't a collapse, that is ICN holding its ICO value in USD as BTC surges higher from its price at the end of the ICO. In constant dollars, ICN was worth 0.00020 BTC each at the end of ICO, it is worth 0.00018 BTC each now, and ICN hasn't lost any value in fiat (USD) terms at all. |
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The situation at Kraken screams FULL HODL to me.
Cruurently at Kraken, it would only take the purchase of 1M ICN for 430BTC = $280K (1 / 40 of ICO expenditures) to put the price of the other 99M ICN at 0.0008, which would be 4X the ICO price.
My quote above was from yesterday. The situation has since changed for the better. The "1M ICN / 430 BTC / $280K to reach 4X ICO price" is now "766K ICN / 283 BTC / $193K to reach 4X ICO price". Investors are buying up ICN at ICO prices, and they are doing it so slowly and quietly that nobody is even noticing that it is happening. The purchase of only 0.75% of all ICN right now would put ICN at 4X ICO price! This token price is on a hair-trigger. If you want to accumulate, you buy S..L..O..W..L..Y. You people that are used to the roller coaster swings at Polo have no idea of the different kind of exchange users you are dealing with on Kraken.  |
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kraken sucks - wants documents. why no real exchange ?
You gotta have the proper perspective on things..... Kraken currently has buyers who want to purchase around 180K of ICN for prices at or above the ICO price of 0.0002. Kraken currently has ZERO sellers willing to sell ICN at or below the ICO price... or even at a 15% profit! Kraken is doing OK for the first 48 hours or so that ICN has been unlocked. The market is showing that EVERYBODY, buyers AND sellers, expects that ICN has no place to go but up. Much better times are coming for ICN. |
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Price is cheap. I am buying.
You are not the only one. Here's the situation so far at Kraken:  Dumpers have dumped 400K ICN at prices as low as 0.00012 to make 70 BTC total. (The ICO price was 0.00020). Buyers have hit the ask price to purchase 1.4M ICN at prices as high as 0.00171 and have spent 900 BTC so far. ICN price is now solid and slowly going up at Kraken. That "slowly" part isn't going to last once ICN hits Polo. |
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Ok who is next up to the podium to make a speech about how ICONOMI is going to change the world.... Me. The situation at Kraken screams FULL HODL to me. Cruurently at Kraken, it would only take the purchase of 1M ICN for 430BTC = $280K (1 / 40 of ICO expenditures) to put the price of the other 99M ICN at 0.0008, which would be 4X the ICO price. Kraken is "3...2...1...Ignition!" and shows we can hold the ICO price on a main exchange. Folks ain't dumpin'. When ICONOMI hits Polo, make sure you are strapped in tight because the main engines on this rocket are going to ignite. Polo does 430 BTC worth of trades on hot coins in the time it takes to drink a cup of coffee. |
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Still waiting for a real exchange. Kraken's UI is terrible...
Most of top 10 cryptos on MarketCap list haven't even made it to Kraken. (Monero, Dash, Waves, Steem, Nem, Ripple... NONE of them made it to Kraken!)
The listing of ICONOMI on Kraken is the BIGGEST testament to the legitimacy and potential of this project.
I totally agree with this. ICONOMI is all about bringing traditional investors into crypto. That is Kraken's main job too. It is a perfect match. Kraken is a truly big-leagues exchange - $8M per day in trading, #2 behind #1 Poloniex. http://coinmarketcap.com/exchanges/volume/24-hour/If a coin is on Kraken, it's gonna be on Polo. Give ICONOMI and Polo more than 24 hours before a panic, gang! Kraken is so mainstream cool, they even use the International Standards Organization (ISO) 4217 symbol of XBT for Bitcoin. |
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My body has received ICN!!! You can see if your ICN has been transferred to you by going to
https://etherscan.io/token/0x888666CA69E0f178DED6D75b5726Cee99A87D698
then enter the ETH address you gave ICONOMI in the "filter by address" text box where it says "Enter Token Address"
then click "Apply".Unlock is set to occur at Ethereum network block height of 2.505.000 (approximately tomorrow, October 25, 2016 at 1 p.m. UTC.) |
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