Hey Iconomi,
The tokens are like Equity in the company right ?
So you have lets say 100mil tokens/shares but i wonder were will those shares make profit with?
Will the be a fee that people pay or, do you gain from people the gains i dont see the business model yet might overlooked it.
Kind Regards,
They will effectively be shares of the company yes. ICONOMI will be making CTFs and CMFs. Funds for outside people to easily invest into crypto. Those funds will charge maintenance and perfomance fee. Some of the fees will be used for us to operate. And the rest will be distributed as dividends to ICN (ICONOMI token) holders. That is effectively first crypto coin that will have permanent dividend. how can we get the ICN token and how much is it effective? i need a little more explanation because i am interesting for investment here. ICO opens in less than 2 days. Do you have any questions from whitepaper to further explain? |
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From what I've read so far, you want to develop a coin that does not require mining. I was wondering how P2P transactions will be verified if you do not have miners at work, or am I missing something?
It will be a token issued on top of Ethereum. Just like Augur, Xaurum, DigiX. |
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Hi Somehow I was known about iconomi before this PRE-ANN. Can't remembered perfectly where from? Maybe, it was from reddit! Would love to know_ what dose really means by ICONOMO ? If it's sorter form of a complete sentence, Ok fine! But I want to know that complete form as well. If it's just a combination of words [ ICO stands for 'initial coin offering' what for "NOMI' ] I'm also ok with this promising project. Hopefully we will have a successful croudfund as well! Thanks! Hi 1st of all wanting apology, if asking same thing here twice become valolation will be prove very real. After a successful trader will also not real! Just the hinmapm ! Hopeuf Wondering now I have over term! Hopefully madans ICO stands for Initial Coin Offering. NOMI means names in Italian. |
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Would we have to trust the team members who are trading with the funds to record down every profit they make? In other words, how can we trust the team that you guys will accurately report losses/gains?
That is something that bothers us as well. We wanna show full transparency and we'll use any way we can think to proof that. After all. The more transparent we are, the more business, the better for all. |
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Guys where i see  "proposals of 2016 with its high probability of investment multiplication." then i think good ponzzi and like with good poznzi is good be 1st but i wonder that 1st mean creators of party or people who will invest. Your goal 2000 BTC is quilte high i would say, but you give escrow to be more trusty. Do you think that you can get those 2000 BTC ? Its 1m $. All threat looks too good to be true. In what you plan invest to get those profits ? We as founding team will not be allowed to sell ICN tokens in less than 6months after launch. That can clear that we're in for the pump game. We'll publish our addresses and allocation of ICN tokens for this to be public. We think we'll raise 2k BTC and more. Plan is to invest in most prospective ICOs and tokens that are already alive. Soon we'll publish a blog post about general strategy, categorisation of "coins" (very important part) of how we plan to perform due diligences. Idea in type of investing might can be seen in whitepaper already: https://www.iconomi.net/CoinFundsWhitepaper.pdf |
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 You guys do not realize how HUGE this project will be especially a few years from now!!!! i can't see any difference with other ico like lisk and a bunch o other random one? why this is so special? i think that pos coin have not a future, and ico are pos coin in the end, without normal mining any coin will die on the few investors that bought early I do not fully agree with you. ICO coins without normal mining are not scams always. A POS coin with a good honest Dev can take the coin to a new height with his projects and roadmap . It depends on the efforts the dev put in the coin and i can see ICONOMI Roadmap a good one. Yes, a lot of mining coins has also proved to be scam in the long run so it does not really matter. What Matters is how Dev wants to get with his coin. Is he interested in short term profit by pump dump of coins or is he really looking forward to grow his coin with passage of time. Being PoS/PoW/token on top of any platform doesn't define success in any way. It's all about added value for the market. And yes. We're in for the long run. With our names, pictures, escrow, everything. |
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Hey ICONOMI,
I'm interested in your offering, but I'm having trouble deciding the most advantageous entry point. Say I have just 500 eth to invest... What are the advantages and disadvantages of investing it all in the ICO (+15% bonus level) versus, say, investing most of it in the ICONOMI.PERFORMANCE fund? (Assuming you reach your 2000 BTC goal to launch.) Would the dividends be paltry for this investment size, if say you were to raise exactly 2000 BTC during ICO and made 3m EUR in profits in the first year?
Hard to decide for you. However. Do invest at least 1 ETH into ICO because ICONOMI.PERFORMANCE will be at first available to ICO participants. It will be limited because there will be limited number of options for us to invest. But in a scenario where we raise exactly 2k BTC and then create 3m profit. It would means that you hold an asset which bring you 3m EUR each year (all the tokens). That token would then be worth at least 7x of the yearly dividend. |
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Can you provide access to some scenarios that lay out how the dividend math to token-holders would work in practice? I would imagine that some folks here may not be that sophisticated in their understanding of how the value flows through the layers here. Thanks.
The most basic concept will work like this. We'll issue 100m ICN tokens. Then we'll create CTF and CMF funds. With those funds we'll earn profits. Some of profit will be used to pay the team and our expenses (however, for as long as we'll still have funds from ICO we won't take any profits for team and expanses, but will distribute all the profits to ICN token holders). The rest will be distributed to ICN token holders. Hypothetically if we create 3m EUR profits in our first year and we'll burn just ICO money (which for the first year it will definitely be the case) then 3m EUR will be given to ICN token holders as dividends. Payouts will probably be weekly or even more frequent. ICN will effectively be a "coin" with dividend. One that you can buy/sell on exchange. And while you hold it it brings you a dividend. And the value goes up/down accordingly. Dividends will be paid in ICN, correct ? No. Dividends will be paid in ETH. If they would be paid in ICN, we would need to create more ICN tokens. And ICN will be build on top of Ethereum, so paying it in ETH will work our of the box, because technically holding ICN token will mean that you hold private key of an Ethereum address which has access to ICN. It's quite a technical question. Let me know if you need deeper explanation or simplified version. It is more like you own apple stock(ICN), and you paid by USD(eth). That is correct and good analogy. Thx! |
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Is the whole team part of Cashila OOD s.r.o. ?
I presume s.r.o. is registered in you country of origin, and its a private limited company which will do all the legal ties with any investor out if crypto world
The whole concept looks easy to understand, and the investors will have to wait a bit time for their ICO tokens gains some value which may be a bit hard when some/most are expecting profit at the start of token trade
We're from Ljubljana, Slovenia. But s.r.o. is like Ltd yes. Private limited company. Well... if everyone expects profit then no one is selling under the ICO price when this hit exchanges:) |
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Can you provide access to some scenarios that lay out how the dividend math to token-holders would work in practice? I would imagine that some folks here may not be that sophisticated in their understanding of how the value flows through the layers here. Thanks.
The most basic concept will work like this. We'll issue 100m ICN tokens. Then we'll create CTF and CMF funds. With those funds we'll earn profits. Some of profit will be used to pay the team and our expenses (however, for as long as we'll still have funds from ICO we won't take any profits for team and expanses, but will distribute all the profits to ICN token holders). The rest will be distributed to ICN token holders. Hypothetically if we create 3m EUR profits in our first year and we'll burn just ICO money (which for the first year it will definitely be the case) then 3m EUR will be given to ICN token holders as dividends. Payouts will probably be weekly or even more frequent. ICN will effectively be a "coin" with dividend. One that you can buy/sell on exchange. And while you hold it it brings you a dividend. And the value goes up/down accordingly. Dividends will be paid in ICN, correct ? No. Dividends will be paid in ETH. If they would be paid in ICN, we would need to create more ICN tokens. And ICN will be build on top of Ethereum, so paying it in ETH will work our of the box, because technically holding ICN token will mean that you hold private key of an Ethereum address which has access to ICN. It's quite a technical question. Let me know if you need deeper explanation or simplified version. Can you give me in simplified version, of how this ICN will work and how much time we have to hold the coin to get the dividend , like what others are offering in POS state does it mean like that, If the dividend is high then i can hold for 3 to 6 month of time. Can't get any more simpler. Dividends will start when first fund is launched. |
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Can you provide access to some scenarios that lay out how the dividend math to token-holders would work in practice? I would imagine that some folks here may not be that sophisticated in their understanding of how the value flows through the layers here. Thanks.
The most basic concept will work like this. We'll issue 100m ICN tokens. Then we'll create CTF and CMF funds. With those funds we'll earn profits. Some of profit will be used to pay the team and our expenses (however, for as long as we'll still have funds from ICO we won't take any profits for team and expanses, but will distribute all the profits to ICN token holders). The rest will be distributed to ICN token holders. Hypothetically if we create 3m EUR profits in our first year and we'll burn just ICO money (which for the first year it will definitely be the case) then 3m EUR will be given to ICN token holders as dividends. Payouts will probably be weekly or even more frequent. ICN will effectively be a "coin" with dividend. One that you can buy/sell on exchange. And while you hold it it brings you a dividend. And the value goes up/down accordingly. Dividends will be paid in ICN, correct ? No. Dividends will be paid in ETH. If they would be paid in ICN, we would need to create more ICN tokens. And ICN will be build on top of Ethereum, so paying it in ETH will work our of the box, because technically holding ICN token will mean that you hold private key of an Ethereum address which has access to ICN. It's quite a technical question. Let me know if you need deeper explanation or simplified version. |
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Can you provide access to some scenarios that lay out how the dividend math to token-holders would work in practice? I would imagine that some folks here may not be that sophisticated in their understanding of how the value flows through the layers here. Thanks.
The most basic concept will work like this. We'll issue 100m ICN tokens. Then we'll create CTF and CMF funds. With those funds we'll earn profits. Some of profit will be used to pay the team and our expenses (however, for as long as we'll still have funds from ICO we won't take any profits for team and expanses, but will distribute all the profits to ICN token holders). The rest will be distributed to ICN token holders. Hypothetically if we create 3m EUR profits in our first year and we'll burn just ICO money (which for the first year it will definitely be the case) then 3m EUR will be given to ICN token holders as dividends. Payouts will probably be weekly or even more frequent. ICN will effectively be a "coin" with dividend. One that you can buy/sell on exchange. And while you hold it it brings you a dividend. And the value goes up/down accordingly. |
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this is will be big project trolls are here from page 2 and the same was with lisk waves and all good icos )
yes i am also hopeful that this will be a big and a successive project, hope it will not the scam just like the other projects, You can bet it's not a scam. We have escrow holders with good reputation in the community. And set rules to when we can access funds that will be invested. Additionally if we do not receive at least 2000 BTC we will return 100% of funds received. If you invest 5 BTC and we'll have to refund investors we will send all 5 BTC back. Escrow holders are guarantee for that. Additionally I would like to expose our whitepapers. There is no way we would wanna scam or stay in this business for short period of time. Opportunity to become market lead is just one we don't wanna miss. https://www.iconomi.net/ICONOMI_Whitepaper.pdfhttps://www.iconomi.net/CoinFundsWhitepaper.pdf |
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One last question before ICO:
Where are you guys based? Under which jurisdiction and are you already registered as a LTD, Gmbh or what ever does apply under your current jurisdiction?
Where in EU the bank account will be based and under which name does it operate?
We are all based in Ljubljana, Slovenia. Except for some advisors and key holders. You can see most of out team on this pic: https://www.instagram.com/p/BJdG3cCgtix/Company is registered in Czech Republic and that's where we also received money remittance licence from CNB (Czech National Bank). All is operated under the company name Cashila OOD s.r.o. - the operator of ICONOMI. Bank account we have in 2 different banks in Slovakia - owned by the company with remittance licence. |
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I have a question how will other cryptocurrencies be treated (Lisk and Ethereum for example) ? Automatically shifted to BTC or will they stay in LISK and ETH? I'm asking due to price volatility and if someone invests 1000 LISK how will that be handled at the end what if price is doubled or if it goes down as well as FIAT currencies?
Will everything be converted to BTC at the time of deposit?
We'll be accepting Bitcoin, Ethereum (ETH) and Lisk. All the funds will be kept the same way as we receive them. At the end of ICO, that is on 29th September at 20.00 CET we'll calculate value of investments in EUR and you will then you will know fixed number of ICN tokens. The same will apply to USD deposits. Currencies that will be accepted via Shapeshift will be converted to BTC at the time of sending them and kept in BTC> In this case the less volatile option to deposit is EUR, right ? If you don't poses any crypto now then I would say yes. And if you compare usd/eur then eur is the one that is not volatile. But USD can be compared to eur. I think even if you have crypto, because you mention "At the end of ICO, that is on 29th September at 20.00 CET we'll calculate value of investments in EUR and you will then you will know fixed number of ICN tokens", because you are going to use EUR as your functional ICO currency, the only way to avoid value fluctuation (in your favor or against you) is to convert any other currency (crypto or fiat) in EUR and then deposit. Don't you agree ? Yes, you're right. However, if you deposit EUR and BTC appreciated a lot. Then relatively you get less for each EUR. And vice versa. Just a curiosity, why not instead of using EUR you don't use BTC or ETH as the functional ICO currency ? At the end of the day it won't make a difference to whichever currency is pegged. Mathematically speaking ratio will be calculated among each and this one stays from whichever currency you use as base. Yeah i agree that in math it won't make a difference. The only way to avoid the volatility would be to you convert right away all the non-EUR deposits to EUR, and not waiting 1 month to do this, is this viable operationally ? The way i see it i am very comfortable on taking the platform risk, but i would be very pis... to invest 5BTC @ 515 EURBTC quote and get it converted 1 month later lets say @ 412 EURBTC (-10%), i understand that it also can go up and it get converted better, but the optionality here is still negative in terms of risk. In that case it is best to participate strictly in EUR or USD. Whichever is closer to your national currency in which you make money or keep your savings. We can not convert straight to EUR right away, because in case we'd need to refund people they need to receive back exactly what they put in. The only exception (but here currencies do not swing up and down that much) is if you send fiat that is not EUR or USD. In case that you for example send TRY, those TRY will be converted to EUR and if we'd need to refund we would convert it back to TRY on the day of refunding and send it back - without any extra costs for you. I see your point, i have the 5 BTC ready, will try to decide if i am converting it to EUR and deposit or deposit the 5 BTC and take the risk ... also i could hedge going short 5 BTC/EUR or BTCUSD in a exchange. Plenty of options here yup. In case you decide to go in converting 5 BTC into EUR you can create an account on Cashila - service we run. And let me know your email and I'll give you zero fee there for that transaction. |
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I have a question how will other cryptocurrencies be treated (Lisk and Ethereum for example) ? Automatically shifted to BTC or will they stay in LISK and ETH? I'm asking due to price volatility and if someone invests 1000 LISK how will that be handled at the end what if price is doubled or if it goes down as well as FIAT currencies?
Will everything be converted to BTC at the time of deposit?
We'll be accepting Bitcoin, Ethereum (ETH) and Lisk. All the funds will be kept the same way as we receive them. At the end of ICO, that is on 29th September at 20.00 CET we'll calculate value of investments in EUR and you will then you will know fixed number of ICN tokens. The same will apply to USD deposits. Currencies that will be accepted via Shapeshift will be converted to BTC at the time of sending them and kept in BTC> In this case the less volatile option to deposit is EUR, right ? If you don't poses any crypto now then I would say yes. And if you compare usd/eur then eur is the one that is not volatile. But USD can be compared to eur. I think even if you have crypto, because you mention "At the end of ICO, that is on 29th September at 20.00 CET we'll calculate value of investments in EUR and you will then you will know fixed number of ICN tokens", because you are going to use EUR as your functional ICO currency, the only way to avoid value fluctuation (in your favor or against you) is to convert any other currency (crypto or fiat) in EUR and then deposit. Don't you agree ? Yes, you're right. However, if you deposit EUR and BTC appreciated a lot. Then relatively you get less for each EUR. And vice versa. Just a curiosity, why not instead of using EUR you don't use BTC or ETH as the functional ICO currency ? At the end of the day it won't make a difference to whichever currency is pegged. Mathematically speaking ratio will be calculated among each and this one stays from whichever currency you use as base. Yeah i agree that in math it won't make a difference. The only way to avoid the volatility would be to you convert right away all the non-EUR deposits to EUR, and not waiting 1 month to do this, is this viable operationally ? The way i see it i am very comfortable on taking the platform risk, but i would be very pis... to invest 5BTC @ 515 EURBTC quote and get it converted 1 month later lets say @ 412 EURBTC (-10%), i understand that it also can go up and it get converted better, but the optionality here is still negative in terms of risk. In that case it is best to participate strictly in EUR or USD. Whichever is closer to your national currency in which you make money or keep your savings. We can not convert straight to EUR right away, because in case we'd need to refund people they need to receive back exactly what they put in. The only exception (but here currencies do not swing up and down that much) is if you send fiat that is not EUR or USD. In case that you for example send TRY, those TRY will be converted to EUR and if we'd need to refund we would convert it back to TRY on the day of refunding and send it back - without any extra costs for you. |
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I have a question how will other cryptocurrencies be treated (Lisk and Ethereum for example) ? Automatically shifted to BTC or will they stay in LISK and ETH? I'm asking due to price volatility and if someone invests 1000 LISK how will that be handled at the end what if price is doubled or if it goes down as well as FIAT currencies?
Will everything be converted to BTC at the time of deposit?
We'll be accepting Bitcoin, Ethereum (ETH) and Lisk. All the funds will be kept the same way as we receive them. At the end of ICO, that is on 29th September at 20.00 CET we'll calculate value of investments in EUR and you will then you will know fixed number of ICN tokens. The same will apply to USD deposits. Currencies that will be accepted via Shapeshift will be converted to BTC at the time of sending them and kept in BTC> In this case the less volatile option to deposit is EUR, right ? If you don't poses any crypto now then I would say yes. And if you compare usd/eur then eur is the one that is not volatile. But USD can be compared to eur. I think even if you have crypto, because you mention "At the end of ICO, that is on 29th September at 20.00 CET we'll calculate value of investments in EUR and you will then you will know fixed number of ICN tokens", because you are going to use EUR as your functional ICO currency, the only way to avoid value fluctuation (in your favor or against you) is to convert any other currency (crypto or fiat) in EUR and then deposit. Don't you agree ? Yes, you're right. However, if you deposit EUR and BTC appreciated a lot. Then relatively you get less for each EUR. And vice versa. Just a curiosity, why not instead of using EUR you don't use BTC or ETH as the functional ICO currency ? At the end of the day it won't make a difference to whichever currency is pegged. Mathematically speaking ratio will be calculated among each and this one stays from whichever currency you use as base. |
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Hey Iconomi,
The tokens are like Equity in the company right ?
So you have lets say 100mil tokens/shares but i wonder were will those shares make profit with?
Will the be a fee that people pay or, do you gain from people the gains i dont see the business model yet might overlooked it.
Kind Regards,
They will effectively be shares of the company yes. ICONOMI will be making CTFs and CMFs. Funds for outside people to easily invest into crypto. Those funds will charge maintenance and perfomance fee. Some of the fees will be used for us to operate. And the rest will be distributed as dividends to ICN (ICONOMI token) holders. That is effectively first crypto coin that will have permanent dividend. |
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I have a question how will other cryptocurrencies be treated (Lisk and Ethereum for example) ? Automatically shifted to BTC or will they stay in LISK and ETH? I'm asking due to price volatility and if someone invests 1000 LISK how will that be handled at the end what if price is doubled or if it goes down as well as FIAT currencies?
Will everything be converted to BTC at the time of deposit?
We'll be accepting Bitcoin, Ethereum (ETH) and Lisk. All the funds will be kept the same way as we receive them. At the end of ICO, that is on 29th September at 20.00 CET we'll calculate value of investments in EUR and you will then you will know fixed number of ICN tokens. The same will apply to USD deposits. Currencies that will be accepted via Shapeshift will be converted to BTC at the time of sending them and kept in BTC> In this case the less volatile option to deposit is EUR, right ? If you don't poses any crypto now then I would say yes. And if you compare usd/eur then eur is the one that is not volatile. But USD can be compared to eur. I think even if you have crypto, because you mention "At the end of ICO, that is on 29th September at 20.00 CET we'll calculate value of investments in EUR and you will then you will know fixed number of ICN tokens", because you are going to use EUR as your functional ICO currency, the only way to avoid value fluctuation (in your favor or against you) is to convert any other currency (crypto or fiat) in EUR and then deposit. Don't you agree ? Yes, you're right. However, if you deposit EUR and BTC appreciated a lot. Then relatively you get less for each EUR. And vice versa. |
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I have a question how will other cryptocurrencies be treated (Lisk and Ethereum for example) ? Automatically shifted to BTC or will they stay in LISK and ETH? I'm asking due to price volatility and if someone invests 1000 LISK how will that be handled at the end what if price is doubled or if it goes down as well as FIAT currencies?
Will everything be converted to BTC at the time of deposit?
We'll be accepting Bitcoin, Ethereum (ETH) and Lisk. All the funds will be kept the same way as we receive them. At the end of ICO, that is on 29th September at 20.00 CET we'll calculate value of investments in EUR and you will then you will know fixed number of ICN tokens. The same will apply to USD deposits. Currencies that will be accepted via Shapeshift will be converted to BTC at the time of sending them and kept in BTC> In this case the less volatile option to deposit is EUR, right ? If you don't poses any crypto now then I would say yes. And if you compare usd/eur then eur is the one that is not volatile. But USD can be compared to eur. |
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