November has only 30 days  2017  I told you yesterday won't be the last time to write 31NOV2016 some folks just can stop asking the same questions. |
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c-cex , bittrex , polo soon???
yes. Polo starts on 31Nov sarcasm ON  I don't know what are you talking about.  |
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c-cex , bittrex , polo soon???
yes. Polo starts on 31Nov |
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Today is AMA?
Yes, today is the AMA We'll probably see a nice 30% to 50% increase in price today. why? for getting answers, that most people should already know? there are still few legit uncleared questions. |
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That red mountain on Kraken keeps growing...
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That is FCKN great news! It will turn out to be a key factor when OFM will be up. Another proof that Iconomi did well to start with Kraken! |
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any news on exchanges other than kraken?
I hear rumors that Mt. Gox is opening back up tomorrow to offer ICN. where did u hear it? from the voices in your head? good news for u😀 Loll😁 icn will be on cryptsy😁 Mintpal CoinMarket.io  CryptoRush  NYSE |
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....I will definitely need to have a few btc set aside for when the performance fund is offered to ICO participants."
that is if they will not reach the limit. there are lots of investors waiting to get into it, wanting to be a big player. If I have the btc, i'd be the first even if not invited. but just in case, its a good thing to have btc ready. Can somebody please explain to me how profits from an expanding ICNP cash pool is going to work? At the end of ICO, all the BTC above 10K BTC was allocated to the ICNP, about $4.6M total. OK. In the near future, there will be weekly dividends distributed among ICN token holders, and those dividends will represent 20% of the profits made by the ICNP for that week. OK. So far so good. Now 'let us pretend" about the future. ICONOMI says they will send out invitations to ICO participants to "invest" more money into the ICNP. In round numbers, assume that BTC appreciation has turned the original ICNP pool of $4.6M into a nice, round, even $5M today. Let's also pretend that ICNP accepts / gets an additional $5M from ICO participants to increase the ICNP cash pool. The ICNP now has $10M, half from the ICO, half from invited participation. So now it's Jan 2017 and the ICNP makes some profit. How does that profit flow down to those who have invested in the ICNP? 20% of the profit goes to ICN token holders. This 20% share going to all ICN holders is a larger amount due to contributions of the invitees than it would have been without them - is that fair? Regardless, now we've still got 80% of the profit we have to allocate. How much of that goes back to invited participants? And how? Can the invited participants "give" their share in this profit to somebody else? If so, how? By a new "ICNP" token? Just sharing my writeup here that I am submitting for tomorrow's Reddit AMA... ICNP will have it's own token (as far as I remember non-tradable). Final numbers of the fund are not yet released, they should be published before the invites are sent. I believe 80% of the profits will go to ICNP direct investors, and 20% to ICN holders. This 20% share going to all ICN holders is a larger amount due to contributions of the invitees than it would have been without them - is that fair? I think it is a fair game. 20% is from realized profits, if ICNP has more funds - it is better for ICN holders. Just like ICNX (2% passive fees) - the more money is in the fund, the bigger the profit/ICN is. I would like to suggest come corrections to it. Suppose, $ 5 million from Ico money is invested in performance fund and the rest 5 million comes from investors. Suppose , the profit from performance fund is $ 10 million. So, icn holders would get 50 + (50 * 20%) = 60% The five million dollars belong to us, which implies we ask have together invested in performance fund five million dollars. So this means icn holders get 50 % of profit The rest five million dollars which come from the investors, the investors 80% of profit from that five million only. So icn holders get another 50% * 20% of the profit. This sums up 60% . This is what I've understood. Correct me if I'm wrong. I didn't get that parf "icn holders would get 50 + (50 * 20%) = 60%" If and when Iconomi will send invitations, it means that they need more money for the performance.fund Once that fresh capital enters the fund, it "gets mixed" with the pre-seeded ICO money, meaning it doesn"t matter from which money the investments are made. So if the performance.fund has a policy of 20% profit to be paid to share holders, it means that the remaining 80% will be paid to icnp token holders.. After all, icnp token holders bought-in directly into this fund (that is why icnp tokens won't be tradable). Think it this way, Iconomi itself has invested $ 5 million and another$ 5 millions get from other investors the performance fund. If there is a profit of $10 million. $8 million goes to its investors and $2 million to ico investors. Out of that $ 8 million , Iconomi (as it has invested half the total capital, gets half of the profit which the investors get in total ) gets $ 4 million. We own profit Iconomi. So this $ 4 million belongs to ico investors. So, In total we get $ 6 million (which is 60% of total profit). Edit: I will confirm this thing from Devs AMA. See, this is why elsewhere I have asked about "Class A" and "Class B" shares to split up ICNP profits among original ICO participants and later invited investors. Say 100 invited people contribute the second $5M. Why is it fair for the "$4M chunk of profit" above to be divided among ALL 3500 ICO PARTICIPANTS instead of the 100 INVITED PEOPLE WHO CONTRIBUTED THE SECOND BATCH OF ICNP MONEY? I would argue that in this example, if there is $10M of profit, it should be split into two profit chunks of $5M each, all ICO participants should share 20% of the first $5M chunk BECAUSE THAT WAS THE DEAL THAT WAS AGREED TO BY ALL PARTIES, and that some proportion of the second $5M profit chunk should be split ONLY among the invited 100 contributors. What that proportion is has yet to be defined.... They will issue ICNP tokens to direct investors. If you hold ICN tokens, but did not get icnp invite, or did not invest you won't have icnp tokens. Let's break the above example of 10M usd profit into 2 scenarios - before second round investment and after. Before: There are 2 eligible parties for the profits - ICN holders (20%) and platform opeator (80%). After: There are 3 eliggible parties for profits - ICN holders (20%); platform operator (40%); round B investors (40%). The 40% or "round B" investors represent an equal investment in the fund (5M usd in the above example). If round B investments will be double the original fund (10M usd) the ratio should be 20% ICN, 20% Iconomi and 60% direct investors. Does it make sense? |
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If you count the 13MM ICN held by Iconomi Team (which most other coins do count)
Then ICN market cap just went up past Lisk, Factom, and DigixDAO
I've said it before, and I'll say it again, hold for OFM platform and this is going up into Litecoin territory
The TOTAL SUPPLY is actually a mistake on CoinMarket site, someone should ask them to correct it. The total supply is 100million, NOT 87million:
https://etherscan.io/token/ICONOMIthe devs share is still locked Lisk was had same distribution, but it always showed 100m LSK total supply on CoinMarketcap from the beginning. Current ICN MarketCap should be $19m ($0.19 x 100m), not $16m ($0.19 x 87m), that will make it jump above Lisk and Factom.  maybe you are right, maybe you are not..  Does it matter? |
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The buy tsunami wave is growing on Kraken. This is a great sign.
Only 162 btc on the sell side to 80k sat. That number shrinks every day.
Tsunami season ahead of us. We have ICNP tsunami, ICNX tsunami, platform access tsunami, first dividends tsunami, OFM tsunami, debit card tsunami, unique offline key generator tsunami..
And then dividends tsunami strikes again. and then again. and again. and again.I think Iconomi will be announced a tsunami area soon. ICN is certainly approaching Tsunami area. Hold on to your butts.  Is ETH going down actually? What is the reason for this price drop lately? |
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Will ICN be part of the performance fund?^^
No. How does that even make sense? fundception! |
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If you count the 13MM ICN held by Iconomi Team (which most other coins do count)
Then ICN market cap just went up past Lisk, Factom, and DigixDAO
I've said it before, and I'll say it again, hold for OFM platform and this is going up into Litecoin territory
The TOTAL SUPPLY is actually a mistake on CoinMarket site, someone should ask them to correct it. The total supply is 100million, NOT 87million:
https://etherscan.io/token/ICONOMIthe devs share is still locked |
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If you count the 13MM ICN held by Iconomi Team (which most other coins do count) Then ICN market cap just went up past Lisk, Factom, and DigixDAO I've said it before, and I'll say it again, hold for OFM platform and this is going up into Litecoin territory  what's that picture on the right side of the screenshot? |
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....I will definitely need to have a few btc set aside for when the performance fund is offered to ICO participants."
that is if they will not reach the limit. there are lots of investors waiting to get into it, wanting to be a big player. If I have the btc, i'd be the first even if not invited. but just in case, its a good thing to have btc ready. Can somebody please explain to me how profits from an expanding ICNP cash pool is going to work? At the end of ICO, all the BTC above 10K BTC was allocated to the ICNP, about $4.6M total. OK. In the near future, there will be weekly dividends distributed among ICN token holders, and those dividends will represent 20% of the profits made by the ICNP for that week. OK. So far so good. Now 'let us pretend" about the future. ICONOMI says they will send out invitations to ICO participants to "invest" more money into the ICNP. In round numbers, assume that BTC appreciation has turned the original ICNP pool of $4.6M into a nice, round, even $5M today. Let's also pretend that ICNP accepts / gets an additional $5M from ICO participants to increase the ICNP cash pool. The ICNP now has $10M, half from the ICO, half from invited participation. So now it's Jan 2017 and the ICNP makes some profit. How does that profit flow down to those who have invested in the ICNP? 20% of the profit goes to ICN token holders. This 20% share going to all ICN holders is a larger amount due to contributions of the invitees than it would have been without them - is that fair? Regardless, now we've still got 80% of the profit we have to allocate. How much of that goes back to invited participants? And how? Can the invited participants "give" their share in this profit to somebody else? If so, how? By a new "ICNP" token? Just sharing my writeup here that I am submitting for tomorrow's Reddit AMA... ICNP will have it's own token (as far as I remember non-tradable). Final numbers of the fund are not yet released, they should be published before the invites are sent. I believe 80% of the profits will go to ICNP direct investors, and 20% to ICN holders. This 20% share going to all ICN holders is a larger amount due to contributions of the invitees than it would have been without them - is that fair? I think it is a fair game. 20% is from realized profits, if ICNP has more funds - it is better for ICN holders. Just like ICNX (2% passive fees) - the more money is in the fund, the bigger the profit/ICN is. I would like to suggest come corrections to it. Suppose, $ 5 million from Ico money is invested in performance fund and the rest 5 million comes from investors. Suppose , the profit from performance fund is $ 10 million. So, icn holders would get 50 + (50 * 20%) = 60% The five million dollars belong to us, which implies we ask have together invested in performance fund five million dollars. So this means icn holders get 50 % of profit The rest five million dollars which come from the investors, the investors 80% of profit from that five million only. So icn holders get another 50% * 20% of the profit. This sums up 60% . This is what I've understood. Correct me if I'm wrong. I didn't get that parf "icn holders would get 50 + (50 * 20%) = 60%" If and when Iconomi will send invitations, it means that they need more money for the performance.fund Once that fresh capital enters the fund, it "gets mixed" with the pre-seeded ICO money, meaning it doesn"t matter from which money the investments are made. So if the performance.fund has a policy of 20% profit to be paid to share holders, it means that the remaining 80% will be paid to icnp token holders.. After all, icnp token holders bought-in directly into this fund (that is why icnp tokens won't be tradable). |
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Thats the point Well, you're a fucking halfwit then... it would be much better for Iconomi to be seen as apolitical - anything with Trump in it is going to piss off some potential investors. I highly doubt memes or politics in this thread will influence "investors". you never know, keep the political bs out true yeah, plz keep politics out |
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New all-time high of 0.000270 BTC per ICN on Kraken. With current price of Bitcoin, this places ICN at 0.189 USD / ICN. This is a 50% premium over the ICO value of 0.1257 USD / ICN.
Time to blow the hold-down bolts, this rocket is leaving the launch pad!
and still ppl are selling.. Don't get that |
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....I will definitely need to have a few btc set aside for when the performance fund is offered to ICO participants."
that is if they will not reach the limit. there are lots of investors waiting to get into it, wanting to be a big player. If I have the btc, i'd be the first even if not invited. but just in case, its a good thing to have btc ready. Can somebody please explain to me how profits from an expanding ICNP cash pool is going to work? At the end of ICO, all the BTC above 10K BTC was allocated to the ICNP, about $4.6M total. OK. In the near future, there will be weekly dividends distributed among ICN token holders, and those dividends will represent 20% of the profits made by the ICNP for that week. OK. So far so good. Now 'let us pretend" about the future. ICONOMI says they will send out invitations to ICO participants to "invest" more money into the ICNP. In round numbers, assume that BTC appreciation has turned the original ICNP pool of $4.6M into a nice, round, even $5M today. Let's also pretend that ICNP accepts / gets an additional $5M from ICO participants to increase the ICNP cash pool. The ICNP now has $10M, half from the ICO, half from invited participation. So now it's Jan 2017 and the ICNP makes some profit. How does that profit flow down to those who have invested in the ICNP? 20% of the profit goes to ICN token holders. This 20% share going to all ICN holders is a larger amount due to contributions of the invitees than it would have been without them - is that fair? Regardless, now we've still got 80% of the profit we have to allocate. How much of that goes back to invited participants? And how? Can the invited participants "give" their share in this profit to somebody else? If so, how? By a new "ICNP" token? Just sharing my writeup here that I am submitting for tomorrow's Reddit AMA... ICNP will have it's own token (as far as I remember non-tradable). Final numbers of the fund are not yet released, they should be published before the invites are sent. I believe 80% of the profits will go to ICNP direct investors, and 20% to ICN holders. This 20% share going to all ICN holders is a larger amount due to contributions of the invitees than it would have been without them - is that fair? I think it is a fair game. 20% is from realized profits, if ICNP has more funds - it is better for ICN holders. Just like ICNX (2% passive fees) - the more money is in the fund, the bigger the profit/ICN is. |
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The buy tsunami wave is growing on Kraken. This is a great sign.
Only 162 btc on the sell side to 80k sat. That number shrinks every day.
Tsunami season ahead of us. We have ICNP tsunami, ICNX tsunami, platform access tsunami, first dividends tsunami, OFM tsunami, debit card tsunami, unique offline key generator tsunami..
And then dividends tsunami strikes again. and then again. and again. and again.I think Iconomi will be announced a tsunami area soon. ICN is certainly approaching Tsunami area. Hold on to your butts. You keep moving that arrow to the right |
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