Currently, Volume of exchanges is only around 52 btc. Maybe Polo us waiting to see an increase in volume and then will list icn.
For Polo, Trade volume of 52 btc would be small.
Volume would increase as-
When ICN P and ICNX funds are launched, the demand of icn would increase, thus higher prices got icn. When prices would be higher, many will sell the icn. So trade volume is expected to increase in January.
I believe, if the reader volume exceeds 200 btc then it would definitely be listed on Polo'.
After all, Polo wants profits. If it starts trading now, it would earn less than 0.15 btc a day - very small amount for Polo.
If iconomi team said they have NDAs, then they have. I trust them.
If NDA was with a small exchange, then the exchange would have launched trading much earlier. Small exchanges normally launch trading earlier to earn small profits.
So it must be a NDA with a big exchange, looking for the best time to launch trading
Half of the coins on polo are bellow 50btc daily volume |
|
|
|
No my point is they could of managed the bounties better by putting caps on translations... The russian translator was probably having conversations with himself their were over 5000+ people talking in the russian thread if i remember correctly but only 3000+ people invested in iconomi.. so obvisiously something doesn't add up there... they were happy to give away free icn of course from bounty that could of gone to something else.. I was a founder too btw and as a founder i think we should have a say in how funds are spent to some extent especially since these guys don't seem to know the crypto world very well so far.. or they do and thats why this thing is starting to "stink" more by the day like a huge scam they either did intentionally or didn't research got in over their heads in which case tai zen is right and they are violating sec laws.. which is the only reason i see for no polo or bittrex add.. maybe kraken made mistake and soon delist who knows.. if this is how they think investing works good luck with their performance funds haha.. they are not going to get the fiat world buying icn the fiat world is barely interested in btc.. to any hedge fund manager this would be a pink sheet penny stock not worthy of investing btw so don't expect wall street coming any time soon !!
Too late for me here, and the pile of BS you wrote is too big. I will respond tomorrow, if noone else had by then Take it easy investor, iconomi is not a short term project |
|
|
|
From some time I'm interested in ICN and still wondering should I make an investment.
I have a question.. Is this for real?
- "So for god sake ... if they afforded to pay some Russian translation 50 BTC "
I saw a comment like this above from other users too? Is this true and what he translated for 50BTC!?!??
The russian translator was pretty much the only active one, and his thread was super active. Since devs had certain amount of tokens locked for that, he got most of it. He also did pretty good job, btw I have no problem with the Bratushka (with love from BG) who took 50 BTC, For me, as a future investor, is weird to give someone money who pays 50 BTC for a translation..But now I read that there was a bounty before, so I understand the situation. Still learning about ICN and still wondering how much to invest. For now the price is good for buying but I will probably wait little longer. I see some people are worried for a pump/dump on Polo but if the tokens are good they will have a good price after while, no matter initial pumps/dumps Good luck with your investment. Luck is part of your nickname, right?  |
|
|
|
Since the. main goal of the project is to connect crypto with fiat investors, such an instability will not be good for the project.
Why such an instability will not be good for the project. What do you mean ? They have 10 m $ to do their job. The "instability" of the value of the ICN is not relevant. Am I wrong? Please detail on this. From what i see, the team aims for something long, and is not interested in price manipulation conducted on a daily base by whales.
Again ... they don't have to care about the value of the token ... they already have the 10 m $ which are not linked to the value of the token. In stead they are actually manipulating the value, by not adding the token to Polo / Rex. Let the free market decide which is the "correct" value. If let's say, I would be an investor in one of the index / funds on the platform ... why would I care about the token value? There is no correlation as the amount raised during the ICO and invested in the platform/fund/index are no stored in ICN token but in fiat / BTC / ETH and LISK ... Why such an instability will not be good for the project. Lets say it gets on polo and price goes up to ~$1. That price represents nothing but speculation for now. It is like a buble. Why would a fiat investor put money, or invest money in index managed by a company like that? Add to that that this is crypto, and most potential fiat investor don't even know what that means. Just a thought in this late hour |
|
|
|
Why do you assume that they prevent polo from listing it?
Because I have no better explanation. And its not about preventing ... is about having an agreement ... its totally different thing. Agreement involves two parties at least. Assuming legal is not an obstacle, why would polo not want to list iconomi? Do they see them as future competitors? If not, it has to be something we don't see |
|
|
|
Since the. main goal of the project is to connect crypto with fiat investors, such an instability will not be good for the project.
Why such an instability will not be good for the project. What do you mean ? They have 10 m $ to do their job. The "instability" of the value of the ICN is not relevant. Am I wrong? Please detail on this. From what i see, the team aims for something long, and is not interested in price manipulation conducted on a daily base by whales.
Again ... they don't have to care about the value of the token ... they already have the 10 m $ which are not linked to the value of the token. In stead they are actually manipulating the value, by not adding the token to Polo / Rex. Let the free market decide which is the "correct" value. If let's say, I would be an investor in one of the index / funds on the platform ... why would I care about the token value? There is no correlation as the amount raised during the ICO and invested in the platform/fund/index are no stored in ICN token but in fiat / BTC / ETH and LISK ... Why do you assume that they prevent polo from listing it? |
|
|
|
I ment from regulatory point of view
And I meant that the dev's cannot force an exchange not to list the token ... From the regulatory point of view if Kraken listed it ... I would say any exchange can ! So why ppl keep complaining? If it is not up to the devs, it is polo call whether to list it or not. |
|
|
|
Ok they pay a translator 50 btc "thats a nice home in russia".. i don't care if he was best translator ever that amount was unreasonable when people put real hard earned money in.. the other thing is they got 10 million from us and they have done nothing to help us make money or even protect our investment.. dodging tough questions and making us wait till the 15th to even ask questions "ridiculous" all they have done as far as i can tell so far is post screen shots of a website that anyone can do.. maybe if they had gotten this damn thing on a exchange with decent whale volume people would not be so upset... starting to feel like we all got burned  Why don't you look at the facts? It will make it so easier, and maybe you will feel less burned. Devs locked 2% of ICN for bounties, and part of that amount was reserved for translation and forum moderation. Since they were very, very little translations, the major one got big part. Besides, how is that any of your concern? Those 50btc were not paid from ico money. What's next? Complaining about the salaries they pay? |
|
|
|
About liqui - you can't seriuosly compare it with polo or kraken
I compare them at the level ... they are both exchanges ... that's it  ... nothing more. I ment from regulatory point of view |
|
|
|
The russian translator was pretty much the only active one, and his thread was super active.
Since devs had certain amount of tokens locked for that, he got most of it.
He also did pretty good job, btw
My intent was not to argue about how good was the Russian translation ... there were voices saying it was a lot of spam ... but never the less ... that is not the point. When you manage to raise 10 m $ you can pay 3 BTC to list the coin on Rex so that there are no discussions ... they would be able to gain back that amount by trading 0.5% of their own tokens (I mean ... they have trading experts there to take care of the funds and indexes .. right?). If the fee would've been 100 BTC to list the token on Rex ... I would've understand ... it doesn't worth to pay those money ... but with such a low fee ... For me its a red flag, as I cannot come up with a decent explanation about this. How about that one (just a theory): Listing it on polo now, before a single milestone is met will turn it into another pump and dump coin, like many others Since the. main goal of the project is to connect crypto with fiat investors, such an instability will not be good for the project. From what i see, the team aims for something long, and is not interested in price manipulation conducted on a daily base by whales. That is if they can actually prevent polo from listing it |
|
|
|
I don't know if the devs can prevent polo from listing ICN.
I am sure the dev's cannot prevent an exchange to list the token (see Liqui). But they can have an agreement ... for some reason ... not able to understand which reason ... but ... Well, it does not make any sense from polo prespective. They know that they will get a lot from trading fees, so it's either some kind of a legal no go, or something outside the frame we see. About liqui - you can't seriuosly compare it with polo or kraken |
|
|
|
From some time I'm interested in ICN and still wondering should I make an investment.
I have a question.. Is this for real?
- "So for god sake ... if they afforded to pay some Russian translation 50 BTC "
I saw a comment like this above from other users too? Is this true and what he translated for 50BTC!?!??
The russian translator was pretty much the only active one, and his thread was super active. Since devs had certain amount of tokens locked for that, he got most of it. He also did pretty good job, btw |
|
|
|
I am a bit confused. Why the dev's would care about the tokens being traded on POLO or REX? The gathered 10m $ which they can use are still in their possession.
If the price of ICN pups or dumps they would still have 10 m $ to work and do what they have promised to do. The difference would be for the token owners which could gain profits from trading. If the big wales are not interested in trading ... they can just not trade. No harm done. If the value of the ICN goes to the moon everyone is happy, dev's have the same 10m $ + a nice profit from their 15 m ICNs owned. If the value goes to 10 satoshies ... the dev's still have those 10 m $, the big wales do not care as they invested long term, dividends and so on ... and for the rest ... well ... is a free market. I doubt anyone will blame the dev's that they added the token to POLO and because of that the value went to 100 sats. The dev's would be blame if they do not deliver the fund, platform and dividends ... As long as they deliver what is written in the white paper no normal investor would blame the dev's.
So for god sake ... if they afforded to pay some Russian translation 50 BTC ... why is so hard to pay 3 BTC to Bittrex ? I am sure is not about the money. So what is the real problem ? Regarding Polo I am not sure they can really push it there .... really don't know how coins gets added there, but there are so many shitcoins even at less that 5 sat / coin, with less than 1 BTC volume per day in trading. So what am I missing?
I cannot believe they would "loose" more than a day to "negotiate" anything related to this topic with the exchanges, is not like they have to technically teach the exchanges how to implement the adding of ICN (its not the first ethereum based token added on these exchanges) ... so that BS with "focusing on the important things" is just that ... BS. So what is the real reason ? Liqui added the token without a problem, why POLO does not do this ? they have a lot of coins low in value and in volume ... so no real reason not to list it by their own wish. Did the dev's made an arrangement with them not to add it yet (of course is a speculation, as they seems to have an NDA with these exchanges, so I do not expect they to come up with an explanation)? We are not all retards, some of us have a brain and like to think and judge ... so if no better explanation can be provided ... I can go with dev's actively asking these exchanges not to list ICN (probably to keep the price down, bellow ICO, so they can buy some more cheap tokens). The problem then is that this is no longer a free market, it would be a manipulated market. As other said ... they woudn't have raised 10 m $ if they would've said actively that they do not intend to list the token on Polo and Rex.
I still believe in this project, I haven't sold any of my tokens, but I am not happy about these games that I do not understand. And I don't think I am stupid and that is the reason why I don't understand.
So, some smarter people around here have some better explanations ?
I don't know if the devs can prevent polo from listing ICN. If that's true, the only logical explaination is that polo see some legal or regulatory issue with ICN. That also doesn't make much sense, because kraken listed it immediately after token distribution, and kraken are not less regulated than polo, and even more selective about what gets listed. The other option is that polo don't see value in adding ICN - i think we can dismiss that one pretty safely. So it is either some kind of no-go from devs to polo or something else that we are not aware of. I really can't see any other option |
|
|
|
lets keep calm and wait till 15th November   did you find those weak hands on Kraken? yes , actually did but it took long time ... sad that i cant get more, run out of btc  Same here |
|
|
|
lets keep calm and wait till 15th November did you find those weak hands on Kraken? |
|
|
|
You people complaining about how the devs aren't pushing this coin onto bigger exchanges are blind to how good of a sign this could be.
Let's think about this, what incentive do devs usually have to get listed on a high volume exchange as quickly as possible?
I think the fact that they are not concerned about the success of speculators in the short term is telling of what they expect in the future. It indicates to me that they are more concerned about their long term investors and the long term goals of the project than they are of impatient ICO pump and dump traders.
I'm a big believer in ICONOMI, but to be fair, lot of people invested because Devs promised ICN will be traded on the biggest exchanges. If Devs said they don't intend to list on Polo & Rex after distribution, then I don't think they would have raised more than $2-3m. So for now... it does feel like a Bait and Switch.Devs should do right by their investors and list on Polo & Rex and let them trade as they please, and if the ICONOMI products are really great, we won't see any dumping. I'm a big believer in ICONOMI, but to be fair, lot of people invested because Devs promised ICN will be traded on the biggest exchanges. Just want to ask you (I'm not trying to be the wise guy, or cynical) - how those 2 parts in the sentence are not controversial? From one hand you have the "I'm a big believer" part, and from the other hand the "lot of people..." If you are a big believer, why do you care about price less than 3 weeks after coin distribution, and way before the first planned and pre-announced milestone? If you are a big believer, how come you care about why other people invested and whether they are happy with their investment or not? |
|
|
|
Still, meeting someone in person is not the same as reading about what he achieved.
True. I have been burned in the past for large sums by going with only what I read about a crypto person, and I have taken a risk in doing so again here. But I believe in Jani and his team, their record is impressive. Would I be happier if ICN had a little pop at launch and permanently stayed above ICO price? Of course. And I am disappointed that has not happened. But everybody's sense of time is so skewed in the crypto world. We are less than three weeks from ICN distribution and it is not reasonable to expect huge progress on the actual platform yet. I am patient. I have broken the number one rule of investing by putting all my available crypto resources on one trade here. Why? I am too much of a poker player, I like that thrill of being "all-in". Plus, I am not a rich man in real life. I have a job and not enough saved for retirement. My investment in ICN is a huge amount of money, but it is the culmination of two years of crypto trading starting from a much smaller sum that I could afford to lose. My finances in real life are completely seperate (and much less dramatic) that my crypto investments. My goal is to get in on a BTC / ETH level of pop and then pull it all out and retire. I believe ICONOMI can do that, but it will take time. More time than 16 days. And with a few dips between here and there. same same here, just in smaller amount. I am not such a experienced or long time trader, but I also broke my rule by putting all eggs in one basket. The same goes for the all-in - I barely do it in poker games, but I have done it with Iconomi. Once we get to $12-15$ I will retire as well. No more day-job until then have more conservative wish, somewhere around 3-5 $ I was targeting 12-15 $ for the next 18-24 months, not something to happen over night. |
|
|
|
can someone dump few icn under 157-156 on Kraken plz? ( any crybaby left ? ) haha looks like they are hard to find. Wish you to find some, though. I finished my ICN shopping spree. |
|
|
|
Still, meeting someone in person is not the same as reading about what he achieved.
True. I have been burned in the past for large sums by going with only what I read about a crypto person, and I have taken a risk in doing so again here. But I believe in Jani and his team, their record is impressive. Would I be happier if ICN had a little pop at launch and permanently stayed above ICO price? Of course. And I am disappointed that has not happened. But everybody's sense of time is so skewed in the crypto world. We are less than three weeks from ICN distribution and it is not reasonable to expect huge progress on the actual platform yet. I am patient. I have broken the number one rule of investing by putting all my available crypto resources on one trade here. Why? I am too much of a poker player, I like that thrill of being "all-in". Plus, I am not a rich man in real life. I have a job and not enough saved for retirement. My investment in ICN is a huge amount of money, but it is the culmination of two years of crypto trading starting from a much smaller sum that I could afford to lose. My finances in real life are completely seperate (and much less dramatic) that my crypto investments. My goal is to get in on a BTC / ETH level of pop and then pull it all out and retire. I believe ICONOMI can do that, but it will take time. More time than 16 days. And with a few dips between here and there. same same here, just in smaller amount. I am not such a experienced or long time trader, but I also broke my rule by putting all eggs in one basket. The same goes for the all-in - I barely do it in poker games, but I have done it with Iconomi. Once we get to $12-15$ I will retire as well. No more day-job until then |
|
|
|
 going to be pretty interesting nooo, I will be offline dammit No worries, I'll be there to ask them all the difficult questions. you want to start over again? |
|
|
|
|
Show Posts
