ICONOMI tokens will be issued on the Ethereum platform as a smart contract. Initial distribution will be assigned to accounts participating in the ICO. After that, token will be easily transmittable to whichever private key you want or simply kept safely on ICONOMI platform. Token supply will not be increased and there won’t be any inflation of ICONOMI tokens.
ICN token supply: 100 mio
Crowdsale: 85 mio
Early stage marketing and bounties: 2 mio
Advisors: 2 mio
Team: 8 mio
Reserve for future team: 3 mio
1.That's all specs? Token supply will not be increased - 100 millions total max amount of supply tokens,right? If that right how you would be paid a stake part to every member of your startup hype you would be doing that manually from your dev fund,sending stake rewards to your clients,monitoring states of tweets RT,posts,re-posts.
2. If here we have a stake rewards,may be here would be used a PoS method of work after launch? If here would be use PoS,what about stake interest per year for ICONOMY?
3. Your Premine have same amount with max amount of total supply tokens,right? So here not available generating new tokens after launch,if you sell all ICO funds by your ICO campaign. In that case we must getting a static amount of tokens since launch right? Or you are simply not getting full info about that part of your specs? Can you getting more clear info about?
4. If you are want be based on Eth platform ,why you are plain to collect and hold a main part of you ICO fund in BTC? You are not believe in Eth future? But if you are want be build on ETH platform,work of your net fully depends from ETH,and price here depends too.
5. And really guys what you want to realize in the end( if all your plans not a simple bookmarks and empty noise) ? ICO centralization fund for decentralize cryptocurrencies? On that moment trading,using,mining crypto it's a crime in EU or anywhere else? Alternative decentralize economic have now ways for use it legal without ICONOMY centralize funds,without simply speculating interest what else you can present here? No any innovations,no new algo or technical features,no any new ideas(promises),Standart pump and dump OP with 2000 Btc lowest start level. Why not a 18 million of BTC guys? If you are collect it you are can control fully all market. Good luck. First investors catch profits here anyway. 2000 BTC not a problem after LISK,right guys?
Great questions! 1. More specs will come early next week. But as it will be issued on top of Ethereum there won't be any POS/POW etc. Contract for now will be issued on ETH chain. Token supply will be fixed at 100m. Twitter/FB bounties are done via API. We can't count that manually. Newsletter is straightforward. Signatures and translations have to be checked at first and will be counted at the end of campaign. Monitoring will be done asap as campaign starts on our ICO site. 2. On top of Ethereum. Why we don't run our own blockchain? Because value is elsewhere. Not on a blockchain itself. Kind of like why Xaurum migrated from their own blockchain on top of ETH chain. 3. Crowdsale will be for 85m tokens. 15m will be distributed and reserved for team and future use cases. The distinction here compared with other "coins" is that this is actually share of a company which will be generating value and providing "dividends" back to the token holders. 4. We'll be collecting funds in BTC / ETH / LSK. Only threshold is set up in BTC number. We could also say 1m USD or 100k ETH. It's just for perception. 5. To understand what we're doing you need to forget "coin" mentality. This is not just a coin. If you have time please do read our whitepaper. It's really well written. We'll create a product for the whales of this world don't want to go into hundred of different blockchain projects and cryptocurrencies, they often just want to invest into the broader picture. Blockchain - yes or no? And ICONOMI will offer them exactly that. |
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as my previous question is not answered until now, all I can say is that it is becoming common trend for project to "invent a new platform on the blockchain to make money for investors, trading opportunities, dividends" plus other fancy keywords without any explanation of what exactly they will do. You want to get 1m USD funding with words? Not even an idea? I am also surprised (but if you quote Einstein it's obvious) that people come here and comment "wow interesting". What is?
Its the usual scam these days. some of them don't even use escrow like Opair ICO. The rest push through even after the ICO and seem to turn out to be legit. This ICONOMI however will return the funds if they don't achieve 2000btc. Not sure if i can believe that but we'll see later what will happen. I believe that they will return the funds once they will not achieve their target of 2000 Bitcoin, They have a good team on board in ICONOMI. As an investor that's the risk we are willing to take when we are investing in any kind projects. So those who participate to have bounties won't get their bounties once this coin ICO don't get to have 2000btc? How muxh have been gathered so far? Its not as scammy as other ICO but then not reaching the targeted btc amount is going to be a problem. That is correct. ICO starts on 25th August. To play the safe side you should wait till we reach 2k BTC. To be on more profitable, but slightly riskier (in case we don't raise 2k BTC) side you can start now. |
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as my previous question is not answered until now, all I can say is that it is becoming common trend for project to "invent a new platform on the blockchain to make money for investors, trading opportunities, dividends" plus other fancy keywords without any explanation of what exactly they will do. You want to get 1m USD funding with words? Not even an idea? I am also surprised (but if you quote Einstein it's obvious) that people come here and comment "wow interesting". What is?
Its the usual scam these days. some of them don't even use escrow like Opair ICO. The rest push through even after the ICO and seem to turn out to be legit. This ICONOMI however will return the funds if they don't achieve 2000btc. Not sure if i can believe that but we'll see later what will happen. the amount which is targeted is quite big indeed but it's still have the possibilities,getting refunded if can't reach the target seems pretty good deal as long there's no cut off on investment,but only 5 week just seems quite short time to be honest A blog post about escrow and the way money will be returned will be published later today. I can confirm that in case of not reaching 2k BTC funds will be returned in full. All 100%. We wanted to have escrow partners that are known in the community or have their own projects. And they will not jeopardise their own projects for us. Max from LISK and Gasper from Xaurum would lost all the trust in their project if they don't deliver what is to delivered. Also Alexander, which is known in Ethereum communities in Vienna and Munchen. |
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I'm interested.
I wonder where the name comes from.
I suspect from Economy as in Iconomi could be Internet economy  Very nice way of describing the Name of the New altcoin, and that too this fund have targeted minimum of their investment or refund to all the investors. Now a days back their are so many new coins which are giving assurance of refund if the target not achieved. My question is if the target not achieved and you are going to refund the ICO Amount , then what about this project, will it still go forward or you are going to dump it. We'll execute the project no matter what because that's the future. |
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I am a newbie on the ICO thing so sorry if this is a basic question.
On the white paper you write :
"3.2 ICONOMI Tokens (ICN)
ICONOMI will issue 100 milion ICONOMI tokens (ICN) 10 days after the crowdfunding campaign
successfully ends. 100 % of the ICONOMI tokens represent 100 % ownership of the ICONOMI
platform, comprising of all assets and liabilities, as well as each and every right and obligation,
including but not limited to intellectual property rights, branding and trademarks."
So lets say you are able to get exact 2000 BTC in the ICO, so if in this situation i invested 20 BTC, i would own 1% of the platform and would receive 1 million tokens which will have a initial price of 0.00002 BTC each.
But if you are able to get lets say 10000 BTC in the ICO, the same 20BTC investment will get me 0.2% of the platform and i will receive 200000 Tokens at a initial price of 0.0001BTC.
Is this how this works ?
Total coins in existence is set at 100m, however 85m will be sold in the ICO so if they collect exactly 2000 BTC that would mean you get 42500 ICONOMI coins per BTC for your investment of 20 BTC that would means 850k coins and if they collect 10000 BTC that would mean 8500 ICONOMI per BTC meaning for your 20 BTC investment you'd get 170k . Value of each coin increases for every investment made final numbers won't be available till last investment comes in. Got it ! Thanks, in the second example (if they collect 10000) if i have committed with 20BTC, can i withdraw because it become too expensive ? I don't think you can just withdraw your investment that's not how ICO works. If you are so concerned that to much will be invested (but I don't think how that should be a concern since more funds = more and quicker development / features = more recognition = more fresh money and investors) . I am not concerned, i just want to understand how does this market works, this would be my first ICO if i decide to invest. Thanks for the explanations by the way. BoldNinja got it right. But you can invest right before ICO ends and know pretty much exactly how much you get for it. But then if you invest during the first week you get 15% bonus. |
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In short, what is ICONOMI?
ICONOMI provides an opportunity for investors looking for high profits, not possible in the old economy. With newly developed financial instruments, ICONOMI will drive new investors and fresh capital into decentralised economy. This is not remotely clear of what is ICONOMI. Yes loads of monnies but how? I believe your question is about where the value comes from? 1. We believe there is huge potential for funds in distributed economy outside current investors. Our estimate is 200 mio USD 2. Value comes from fees - this is a serious fund management business with huge potential if we do it properly. And we believe we are doing right! Check the whitepaper 3. The business itself generates value, but we believe even bigger value lies in disruptive fund management platform. Here we speak about the multiplication of investment in ICO |
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What about NO This is just a scam pump and dump shit. STAY AWAY OR LOOSE YOUR MONEY HERE!Is scam the project itself, the team, advisors or escrow? Or you read whitepapers and figured it out that this is amazing and you will put ur money in and scream "scam" to get bigger share then? |
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Should the crowdfunding campaign fail to reach its capital goal of 2000 BTC, all funds will be returned.
Quite the requirement there - are we supposed to just take your word for it that you'll return an investor his 500 BTC if the goal isn't met? No need to take our word for that. Funds will be kept in 2/3 multisig by trusted escrow. Check ico.iconomi.net to see who they are. |
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You might wanna try creating a graphic images of how the platform may look in the future for it may attract investors upon seeing the looks of it. I myself have invested on waves platform right after seeing how it could turn out. so i may want to see a graphic representation of ICONOMI platform as well.
Would this work for you? http://imgur.com/a/DGqj9 |
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Although its too early to ask but where can we send funds to participate in ICO?I am planning to invest with btc,where can i get btc address to send my investment funds?
You'll have to wait for ICO to start. You'll login to ICO page and create a deposit from there. |
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What if you wont collect 2000 BTC how will you distribute bounties. For example, If someone did Translation, he will get nothing? Eve though he put work in it? Is there any solution?
Thank you
Post about bounties will be published in few hours. I'll link it here. If we don't collect 2k BTC then there won't be any distribution. That's the risk here. You doubt we'll raise at least 2k? |
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I call SCAM.
I highly doubt that Max Kordek is involved in this project.
Get him to post a statement here and I'll happily delete this post.
Max Kordek is not involved in this project, but as an established person within the cryptocommunity he holds one of the private keys of our funds kept in escrow. This is his only responsibly. |
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Looks like a large-scale project to me, lots of people are involved. I wish them a successful venture.
Thx a lot! quite some time has been spent on this already yes. |
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It seems this is another limitation because of our low number of posts.
The point is, the last forward slash must be removed in order for the link to work; "/iconomi/" doesn't work, while "/iconomi" does.
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Hi everyone, thank you very much for participating. Could please all users using the longest signature replace it with this one: [table]
[tr]
[td][color=#4C6F8C][size=18pt]❘|❘ [b]ICONOMI[/b][/size][/color][/td]
[td][b] Financial services for the decentralised economy[/b]
[b] [url=http://[Suspicious link removed]/iconomi][color=#8f5db7]LINK TO ICO[/url][color=#8f5db7] | [/color][url=http://[Suspicious link removed]/ICONOMIdl][color=#8f5db7]LINK TO DISCUSSION[/url][/b][/td]
[/tr]
[/table] The last forward slash in "http://[Suspicious link removed]/iconomi/" is causing the links not to work; the link has to be "http://[Suspicious link removed]/iconomi" |
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no bounties for twitter or facebook?
Waiting for it, good luck for this project dev
More bounties will be announced later today. And thx! |
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I've seen the dev's page and i can say i'm impressed, if and only if they're legit.
why make new account and not just use yours? i think you have a ranked one for making an ICO like this.
Well we do have few personal account, but with not much history, so we decided to go on with a new one with project name. We're very legit. Please check out website with all the people involved and links to our social media profiles. Additionally we'll keep funds in escrow until certain conditions are met. To protect investors and to show that we are in here for the long term. |
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