Don't expect dividends before OFM. There are only 3 possible dividends channels before OFM:
1. Selling Golem tokens - how much dividends this 20% profit of 5.000 eht is going to be?
2. ICNX - that is if people will invest into the index. It shouldn't yield much dividends at the beginning. The expected fees from the index is ~2% annual (not official numbers)
3. Selling future ICOs invested - we don't know where and how much Iconomi is going to invest, when those tokens are going to be tradable.
Dividends are going to play big role when OFM is active with sustainable userbase.
1. I'd expect the profit is dividend? so 20% ~ 1k eth? 2. where did you get that number from? The numbers are not yet official, like I wrote. More of estimation. 2% management fee for CTFs is pretty standard. You won't get ALL profits from ICNP, that's for sure. ICNP was seeded with ICO money, so no reason for you to get 100% profits (it was not a direct investment) being an eth based token its price gonna decline in accordance with bugs discovered in etherum. no need to speculate, you should consider yourself lucky that price did not go below ico buy levels. Edit: yet Maybe, as long as the platform is not active. Once you have OFM active, the price of ICN will be mainly determined by the quality of the product and the amount of users and money in the platform, and not by the underlying blockchain. indeed, that is the only reason i have not sold a single ICN yet. however, the nightmares are real! it can happen any day.. any time.. any moment. i am relatively new in crypto but the frequency of bugs discovered in ETH are alarming.. maybe you guys migrate to a more stable platform? NXT and Stratis look promising It is more of a background noise than actual damage. After all, Iconomi is using Ethereum just for a distributing platform - once for the initial tokens distribution and later on for the weekly dividends payment. There is no ICN tokens, or any other money/assets in the smart contract. Since ethereum is quite liquidate, you can transfer your eth dividends into BTC or any other crypto/fiat instantly. |
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This great news. ICONOMI is slowly becoming the leading Authority on crypto ICOs, this will strengthen future ICOs & will bring more money from traditional economy into crypto. Slowly but surely, the future is getting brighter and brighter for ICN holders. I agree. Good move to have a mentor for those startups. It is called protecting your investment. |
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Don't expect dividends before OFM. There are only 3 possible dividends channels before OFM:
1. Selling Golem tokens - how much dividends this 20% profit of 5.000 eht is going to be?
2. ICNX - that is if people will invest into the index. It shouldn't yield much dividends at the beginning. The expected fees from the index is ~2% annual (not official numbers)
3. Selling future ICOs invested - we don't know where and how much Iconomi is going to invest, when those tokens are going to be tradable.
Dividends are going to play big role when OFM is active with sustainable userbase.
1. I'd expect the profit is dividend? so 20% ~ 1k eth? 2. where did you get that number from? The numbers are not yet official, like I wrote. More of estimation. 2% management fee for CTFs is pretty standard. You won't get ALL profits from ICNP, that's for sure. ICNP was seeded with ICO money, so no reason for you to get 100% profits (it was not a direct investment) being an eth based token its price gonna decline in accordance with bugs discovered in etherum. no need to speculate, you should consider yourself lucky that price did not go below ico buy levels. Edit: yet Maybe, as long as the platform is not active. Once you have OFM active, the price of ICN will be mainly determined by the quality of the product and the amount of users and money in the platform, and not by the underlying blockchain. |
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Don't expect dividends before OFM. There are only 3 possible dividends channels before OFM:
1. Selling Golem tokens - how much dividends this 20% profit of 5.000 eht is going to be?
2. ICNX - that is if people will invest into the index. It shouldn't yield much dividends at the beginning. The expected fees from the index is ~2% annual (not official numbers)
3. Selling future ICOs invested - we don't know where and how much Iconomi is going to invest, when those tokens are going to be tradable.
Dividends are going to play big role when OFM is active with sustainable userbase.
1. I'd expect the profit is dividend? so 20% ~ 1k eth? 2. where did you get that number from? The numbers are not yet official, like I wrote. More of estimation. 2% management fee for CTFs is pretty standard. You won't get ALL profits from ICNP, that's for sure. ICNP was seeded with ICO money, so no reason for you to get 100% profits (it was not a direct investment) There is no reason to get even 10% either, because the ICNP is seeded with ICO money maybe you can except to get nothing... mh makes sense. so it's ICN that should get a large portion eventually yes. It is, after all, seed money from ICO. The good sides are: a.The ICO money will not just lay in the bank or cold storage until used for operational costs. b. ICN holders will get part of the profits, that was the deal. The rest of the profits will be used to further seed the fund and for operational costs. This is important because as long as there is ICO money to burn, all fees go to ICN holders. c. Iconomi is able to start the first active managed fund, which if managed successfully should attract a lot of new investors. |
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Don't expect dividends before OFM. There are only 3 possible dividends channels before OFM:
1. Selling Golem tokens - how much dividends this 20% profit of 5.000 eht is going to be?
2. ICNX - that is if people will invest into the index. It shouldn't yield much dividends at the beginning. The expected fees from the index is ~2% annual (not official numbers)
3. Selling future ICOs invested - we don't know where and how much Iconomi is going to invest, when those tokens are going to be tradable.
Dividends are going to play big role when OFM is active with sustainable userbase.
1. I'd expect the profit is dividend? so 20% ~ 1k eth? 2. where did you get that number from? The numbers are not yet official, like I wrote. More of estimation. 2% management fee for CTFs is pretty standard. You won't get ALL profits from ICNP, that's for sure. ICNP was seeded with ICO money, so no reason for you to get 100% profits (it was not a direct investment) |
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i was expecting in 1Q 2017  Don't expect dividends before OFM. There are only 3 possible dividends channels before OFM: 1. Selling Golem tokens - how much dividends this 20% profit of 5.000 eht is going to be? 2. ICNX - that is if people will invest into the index. It shouldn't yield much dividends at the beginning. The expected fees from the index is ~2% annual (not official numbers) 3. Selling future ICOs invested - we don't know where and how much Iconomi is going to invest, when those tokens are going to be tradable. Dividends are going to play big role when OFM is active with sustainable userbase. |
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I like the mature and professional approach Iconomi has decided to take in terms of exchanges.
And what is that mature and professional approach? Preventing investor to make a profit from a decent exchange? True ... they've had the best approach ... 100% efficiency. lol you sound like pump and dump cry baby  if you invest in project then you must trust the tim and respect they decisions . Nobody forced you to buy icn  you can sell it now with profit and go to zcash or other pump and dump coins . For every decision tim makes must be a reason Bad bad Iconomi! No 3x on my allowance money in 2 weeks! I am a disappointed "investor" who believed in the project  Lol  i got 1 of my buy order filled! Maybe more people can dump to fill another one! Wish you good luck with your buy orders! Wish I'd have more to buy |
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I like the mature and professional approach Iconomi has decided to take in terms of exchanges.
And what is that mature and professional approach? Preventing investor to make a profit from a decent exchange? True ... they've had the best approach ... 100% efficiency. lol you sound like pump and dump cry baby if you invest in project then you must trust the tim and respect they decisions . Nobody forced you to buy icn you can sell it now with profit and go to zcash or other pump and dump coins . For every decision tim makes must be a reason Bad bad Iconomi! No 3x on my allowance money in 2 weeks! I am a disappointed "investor" who believed in the project |
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Ethereum is the biggest smart contract platform with the most people working on it. That alone would be reason enough for me to stay there.
There is a decent chance, that the reason why ethereum looks so full of holes is, that it's constantly in the spotlight and a lot of eyes are examining it closely. Take a coin like counterparty, give it a billion dollar market cap and as many people working on it as ethereum and see how many flaws you will find then.
Just because something doesn't look broken, doesn't mean that it isn't. Maybe you just didn't look closely enough.
Completely agreed, this is how you make things work but well there are a lot of speculators, fud and obviously "bad" news that influence the short term price. Long term we all know that Ethereum is something special and could even overtake Bitcoin or make it obsolete. Not Ethereum itself but all its tokens and ecosystem could render some technologies useless. We know Bitcoin is still king but it hasn't made much progress in terms of adoption and popularity, blocks are full, plenty of different camps. Even if it's rallying right now, we all know it's temporary. The future is full of doubts, we can have Ethereum at $100 and Bitcoin at $2000 and beyond in 2017-18 or nothing at all since crypto projects still can't seem to come up with the killer app for the average user or company. Once that happens (if it happens) then I'm sure we'll all be very wealthy as early adopters of many of these projects. could even overtake Bitcoin or make it obsolete Obsolete? You obviously don't understand what bitcoin is about. Ethereum can never replace Bitcoin. It is not designed for store of value, it is definitely not immutable and a network so much dependent on single guy (King Vitalik) is not a healthy one. Damn, he even DDOSed its own nework during the DAO flow just to slow it down. And that is before we talked about PoS.. Bitcoin network, as we see it today is just layer0. When services will be built on top, most alt coins will be obsolete, not Bitcoin. I understand what you are saying and it's definitely a possibility but don't be so close minded. Another possibility can also happen and even these two services/blockchains could rule together (it would be actually much safer than depend on a single one...). For Bitcoin to do what you said it needs to improve and change a lot of things, starting with their core team and vision. Bitcoin is far from a panacea itself, who created it? Who is still holding 1m BTC? What about the centralized mining and many other power struggles? Ethereum aims to do something completely different and therefore yes, it's less decentralized (it still pretty much is, the hard fork was approved by a majority not by Vitaly himself). I didn't mean to say that Ethereum will actually make Bitcoin obsolete, it's just a possibility if Bitcoin continues its stubbornness and idealism. Many just see the price and say it's all fine, but there are major problems still not being addressed and the whole thing can also collapse like a house of cards if not properly managed. I am not close minded at all. How can I be, I am all around crypto For people that write that this discussion is off-topic - well, it is not. The underlying blockchain on which ICN tokens are issued and dividends will be paid is not off-topic at all. I hang a lot in ether and bitcoin channels, and somehow I have the feeling that the ether supporters have this urge to prove themselves superior or better and Bitcoin is old news. Personally, I believe ethereum has a decent chance to have a future alongside bitcoin. I don't see how bitcoin and ethereum are rivals in any way now. It just needs to get into proportion. Ethereum is still way, way behind bitcoin when it comes down to maturity, network, usage and use-cases. Hardforking has a lot of implications, the technical aspect is just one of them. See Etherem classic after the bailout fork. For bitcoin I personally believe that only 2 things should be taboo - the 21M bitcoin to ever exist and the consensus mechanism - PoW. Bitcoin "stubbornness and idealism" is what brought us here today and they are very much needed. Bitcoin blockchain has to remain "slow" and the scripting language "limited". These 2 "limitations", combined with PoS is what builds the immutable blockchain. You need TXs to be backed up by energy and not by the very token that the network itself had issued. That type of PoS cannot ever be the foundation for a stable gold-like monetary system. That is why ethereum will never be able to replace bitcoin, but you can't say the opposite. IMO "let's rewrite history because an application using our protocol was hacked and founders and big investors lost tons of money" kind of forks is not something to be proud of. |
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Ethereum is the biggest smart contract platform with the most people working on it. That alone would be reason enough for me to stay there.
There is a decent chance, that the reason why ethereum looks so full of holes is, that it's constantly in the spotlight and a lot of eyes are examining it closely. Take a coin like counterparty, give it a billion dollar market cap and as many people working on it as ethereum and see how many flaws you will find then.
Just because something doesn't look broken, doesn't mean that it isn't. Maybe you just didn't look closely enough.
Completely agreed, this is how you make things work but well there are a lot of speculators, fud and obviously "bad" news that influence the short term price. Long term we all know that Ethereum is something special and could even overtake Bitcoin or make it obsolete. Not Ethereum itself but all its tokens and ecosystem could render some technologies useless. We know Bitcoin is still king but it hasn't made much progress in terms of adoption and popularity, blocks are full, plenty of different camps. Even if it's rallying right now, we all know it's temporary. The future is full of doubts, we can have Ethereum at $100 and Bitcoin at $2000 and beyond in 2017-18 or nothing at all since crypto projects still can't seem to come up with the killer app for the average user or company. Once that happens (if it happens) then I'm sure we'll all be very wealthy as early adopters of many of these projects. could even overtake Bitcoin or make it obsolete Obsolete? You obviously don't understand what bitcoin is about. Ethereum can never replace Bitcoin. It is not designed for store of value, it is definitely not immutable and a network so much dependent on single guy (King Vitalik) is not a healthy one. Damn, he even DDOSed its own nework during the DAO flow just to slow it down. And that is before we talked about PoS.. Bitcoin network, as we see it today is just layer0. When services will be built on top, most alt coins will be obsolete, not Bitcoin. |
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yeah, ethereum looks more and more like forkereum. And it doesn't like it is the last one. It would be really good if other chains were considered. But which one? CounterParty?? Maybe? 7246 BTC market cap and 11 BTC daily trade volume. No crypto asset has ever traded at a higher market cap than the platform it lives on. Bitcoin blockchain would be too expensive to use, so Ethereum is currently the only choice of vehicle to take us to the moon. ICN could always launch their own blockchain if they really needed to. For now, it's more efficient to let the Ethereum developers focus on maintaining a blockchain instead of hiring developers to do it in house. Aren't you worried with all these weekly forks? Stability is crucial at this stage. Ethereum is still in 'beta' so I think there is not any problem, it's not stable yet . Forking every week and having different major issue so often is a big problem, beta or not. But like MoveCrypto said, we don't really have any other option for now. |
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yeah, ethereum looks more and more like forkereum. And it doesn't like it is the last one. It would be really good if other chains were considered. But which one? CounterParty?? Maybe? 7246 BTC market cap and 11 BTC daily trade volume. No crypto asset has ever traded at a higher market cap than the platform it lives on. Bitcoin blockchain would be too expensive to use, so Ethereum is currently the only choice of vehicle to take us to the moon. ICN could always launch their own blockchain if they really needed to. For now, it's more efficient to let the Ethereum developers focus on maintaining a blockchain instead of hiring developers to do it in house. Aren't you worried with all these weekly forks? Stability is crucial at this stage. |
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yeah, ethereum looks more and more like forkereum. And it doesn't like it is the last one. It would be really good if other chains were considered. But which one? CounterParty?? Maybe? What projects are on counterparty? Also, do you have to pay dividends in bitcoin if u use xcp? It would be quite expensive. |
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yeah, ethereum looks more and more like forkereum. And it doesn't like it is the last one. It would be really good if other chains were considered. But which one? |
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1. Let's assume I wanted to transfer some ICN coins/tokens either from my wallet on the iconomi site, or from my wallet on Kraken to myetheriumwallet ...
Obviously the myetheriumwallet was designed to hold etherium coins. So now i am going to send ICN tokens to an address in this wallet- which was actually designed to hold etherium...
So how does the wallet "know" after the transfer has been done (and hopefully succeded) that the coins/units held in that partticular wallet address is in fact ICN and not etherium?
The ethereum address was not designed to hold ethereum coins only. it was designed for smart contracts and app tokens also. Your address will hold ETH balance and any ECR 2.0 type tokens linked to the address also. ICN is a token so it will be stored by the same address. Its up to you how you organise your holdings. You can have ETH stored by a different address than the one storing ICN ... you can split your holdings so that if some keys are stolen you don't loose it all. But you can keep all ETH related things linked to the same address. I just want to add one thing about myether, or any other blockchain-based wallet (including Bitcoin wallets): You and the wallet don't hold the token. The "money" ,so to say, is not in your wallet, but on the blockchain. The network has agreed (consensus) upon which address (public key) holds how much of that cryptocurrency. For the Bitcoin blockchain it is bitcoins, for ether blockchain these are ethereum and/or any other app tokens. When you want to spend the money, or part of it, you prove ownership to the network by signing with your private key, which is encrypted by the password you must provide to the wallet interface. |
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Sometimes, the standard of English used on this thread................
ICONOMI needs all the people it can get no matter where they are from. Nobody is using bad English because they want to, and their English is better than my <fill in the blank>. Crypto's ability to unite the world is its greatest strength and well worth a few language malfunctions along the way. Yes, crypto is agnostic to physical location, religion, and other personal characteristics and it should remain like that! |
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Sometimes, the standard of English used on this thread makes me want to do this................
How many languages you speak, besides your native English? |
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you heard the newbie with the broken English, the project is dead yes .. sell all your icn now Are you still buying? Didn't you have enough? just 13k left to buy , need to make nice bag . But dont see a good dumpers yet . give them few more days, dumpers will dump |
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you heard the newbie with the broken English, the project is dead  yes .. sell all your icn now  Are you still buying? Didn't you have enough? |
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Has there been any estimates on how the dividend payment is calculated?
None yet, other then ICN holders will split 20% of the profits from all funds. woow, woow, hold your horses, cowboy. The only 20% profits is from ICNP. If you don't directly invest into some fund, don't expect 20% of the profits. For the passive managed funds, such as ICNX, expect something like 2% annual. In any case, it is better to wait for further announcements, which for sure will come before OFM goes live. Just a reminder for people not following us from the start... For ICONOMI.index and ICONOMI.performance funds we have not yet set fees. So 1%, 2%, 20% and other numbers are just examples... Expect official numbers when we officially launch the funds later this year. So the 20% for ICNP is not a final number yet? |
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