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so this is game over or what?
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hmmm strange. And where will BCH from the liquidity pool go? it is not written in ths document! that is more than two million dollars worth of asset that belongs to quantum investors! And it is not even mentioned in this document?!? |
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So there is lot of talk about the utility of of the ICN token in the last few moths. Did devs promise such thing in the beginning i.e. pre-ico phase? All I can find that the dividends were mentioned but decided to go with buyback since that would avoid being seen as a security. Nevertheless, ICN having a utility will be great and I can see that whatever they came up with will drive the price up strongly. But what I actually wanted to say is that Iconomi already has a great product (which you can't say for a lot of other projects with high market cap like Augur 2 years without anything, OMG etc.) which will only have more success with the upcoming DAAs. This alone should set Iconomi much higher in top 100, plus the fact that we already have working buybacks. Utility of ICN is just a plus here as a lot of coins that have absolutely no utility are doing really good. What is IOTA utility other then tangle being fancy new thing which needs to be proved it can work first etc. So only thing that worries me is not being on more popular exchanges (Bittrex, Polo, Bitfinex) as Kraken is really buggy so it only leaves Binance, but buybacks are probably the reason why exchanges won't list ICN. If ICN gets more volume somehow the price will skyrocket IMHO. So lets all be thankful that Iconomi did a huge job in one years time which is a lot more than 90% of other projects can say. Future is bright for ICN which I can't say for a lot of projects out there. Just my two ICNs  The utility part was brought in later, not during the ICO. It doesn't matter if the platform and product are great, if the value doesn't transfer to the ICN holders. The team is hiring aggressively, so I suspect a lot of the profits are just going into salaries instead of buybacks, for example. This doesn't help the ICN holders. Making the ICN token have some utility is just another way to help provide value to the token holders, not just the product/platform users. Also Iconomi have received a lot of tokes like OMG and many others that should have sold and used to buy back ICN. Instead they steal these tokens and added to their special fund! We as ICN holders as so FUCKED by this management team who only look after themselves.. Yes they suck up all of the profits before they buy back any of these worthless ICN tokes. And looks like next year will more of the same raping.  That's a fair point. The whitepaper, which has since been taken down, promised ICN to be similar to shareholders, which means it's the team's obligation to ensure they use the assets to buy back the tokens if they are undervalued in the marketplace. I suspect they are paying out a lot to themselves and the team, which leaves far less profits to buy back the ICN tokens. Which is why, I think if they create some utility for the ICN tokens inside the platform, it might the price, since the platform is already seeing a fair amount of adoption, even as the ICN price deteriorates. You really should read more about this project befor talk nonsense about this project! Every dolar, satoshi... made on this platform is goint for buyback! They do not take anythink for themselves. the team has 17 milions of ICN and about 50% of the asset that they collect in the ICO (this asset is now worth more than 100 milions. much more! other 50% is in Pinta and it is worth 115 milions at the moment. you really should do a bit of a resarch before talking about stuff you do not know about. |
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Hi! For all who still think or believe that quantum is something you should invest in... Here is what i see:
5 months from ico and what they have achived is 12k $ volume which givesn no liquidity to this coin... approximattely 0.10$ price of one quantum which can not be sold at this price because there is no buy support... and just a few very small exchanges... Very bad because we all know a founder of this coin is also a cofounder of bitstamp and could't get some bigger exchanges... obviously they just collected the money and don't care for this project anymore...
Oh and what's even more rediculos is that the very same people now came up with an new ico called Tokens! My advice is not to think twice before investing your funds but not even thinking about investing a single ether in this fail project!
Hmmm I see totaly different picture than you! in Longterm Exchanges does not matter! they are working hard on the project and have excellent results! In average, they are burning more than 1.3% of circulating tokens per month! that is huge! Only noobs think that exchanges matter! this kind of project are not for short term investment! they do not care about that! only think what is important is how much profit are making and that is it! |
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Buybacks are a bad move compared to dividends..
I think buyback is a great move!! I love it! |
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damn... I have als missed the last dump still under 300 is good for me  |
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Is there any news, when we will be abble to transfer ICN from kraken or other exchanges to https://ico.iconomi.netI trust them more than any exchange! And I would be hapier to have my coins there... |
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At kraken on ETH/ICN market the price is even 20% higher than on BTC/ICN market nice! |
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the answers are clear in the FAQ and WhitePaper So what does the FAQ and whitepaper say is the answer to my scenario I outlined to Jani below? I never found a clear answer there. "Finally, at some time in 1Q 2017 you will make your first dividend payment to the original ICO participants who funded the ICNP original $4.6M. Say for example you invested $500K of ICNP money in the ICO of a new coin. In the week after launch, that coin doubles in price so your $500K investment is now worth $1M, giving an ICNP profit of $500K total. 20% of that $500K or $100K is the amount of profit to be distributed among the original ICO participants.
WHERE DO YOU GET THIS $100K TO DISTRIBUTE AS ETH DIVIDENDS?
Specifically, do you sell 10% of your holdings in the new coin at the end of the first week and hold on to the other 90%? Or do you get the money for dividend distribution from some other source? And if this, WHAT other source?"Mal, this answer is simple, I apologize if it was not addressed before. But first, let me again say that the fees for ICNX or ICNP have not yet been confirmed, so this is just hypothetical ... If ICNP would have 20/2 fee structure, then 20% of all REALISED PROFITS would go from ICNP to ICONOMI as fees. But "realised profits" means that ICNP has to CLOSE its position in that "new coin" first. Only if ICNP liquidates whole $1M investment, then $100k (20% of 500k profit) go as fees to ICONOMI. And this can later be distributed as dividends to ICN token holders. And since vast majority of ICNP's investments will be done in digital currency, so will be later liquidations... For example ICNP recently invested 5000 ETH in Golem, and I expect when this position will close, ICNP will do sell it for ETH... Clear? best, Jaka Jaka, I thank you for this answer, it helps me understand a lot. You have been talking about weekly dividends so I thought you were going to evaluate profit for each ICNP coin position on a week-by-week basis and distribute dividends accordingly. Instead, ICNP may go for months or even years before liquidating its position in a given coin, calculating the profit ONE TIME based on that close-out sale, and THEN distributing profit dividends on the position. So there could be many weeks where no ICNP dividend is distributed because no closures of ICNP coin positions occur during that week. And so in weeks where there are no ICNP position closures, any profits / dividends would come only from ICNX or other fees. Correct? If this is correct, it is a big deal. Unrealized profits can grow larger and larger on ICNP investments until those investments are finally cashed out and distributed as dividends, pushing the "fundamentals" price of ICN up week after week as investment profits accumulate before cashout and distribution.
Deferred ICNP dividends should immediately show up as a rise in ICN price. Roughly speaking, future increases in ICN price should always be at least 20% of ICNP pre-cashout profits - more, maybe much more, if speculative frenzy kicks in. As the ICNP Fund grows in size, ICN price could take off like a rocket.
HODL !Mal, that is correct. There is also a reason why this is the only way. If we would do it as you (mis)understood before, then in a case of ICNP dropping in value (imagine that an ICO into which ICNP had invested, would announce that they have been hacked and all assets stolen) we would have to ask shareholders to "return" parts of already paid dividends to cover loss... Which is of course impossible. Finnaly few pages of very useful comments ok, if I properly understand this, we can at all time know how much that fund is worth (assuming that the current value of investments will be known), so the price of ICN's will probabbly be designed from the value and the potential value of these investments - expected dividends? |
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Can anyone explain how dividends are made exactly?
Icojaka already wrote this few post back... i will coppy his post for you once mmre: Regarding dividends... dividends are distribution of profits. In order to have profits, ICONOMI must first launch its products and generate revenue. By the end of this year we will launch two investment funds (ICONOMI.index and ICONOMI.performance)... This is where first fees will come from, but we expect profits to seriously ramp up later in 2017 when full OFM platform launches with many fund managers running their respective funds... Regarding their distribution there should be no fear - we will announce the block height of distribution well in advance... So there will be plenty of time to move your ICN tokens to a wallet for which you control private key, or to an exchange that will support eth dividend redistribution... We are a long term business not pump and dump, so do not expect dividends on 1st of January or any time very soon... Re "ICONOMI wallet"... as answered in our recent AMA ( https://www.reddit.com/r/ICONOMI/comments/5ghrp5/askmeanything_icnx_and_iconomiindex_edition/) we will enable ICN deposits on our upcoming platform early next year. Investors will be able to securely store ICN tokens with us (multisig cold wallets)... |
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When the ICONOMI will make some profit with commission from the funds (on the platform). and also ICNX and performance fund.
you can read everything on whitepaper and FAQ and on the first page on this thread you can find also a lot of informations.
apparently a lot of people in crypto world does not know what divident really is... they just now that they will get monney if they have shares!
When will these dividends be? what amount? Where do they get the cash? Thank you this is not an "instant" project" this things take time. At the beginning dividends will probably be verry small. But with more users investing in performance fund, Index fund and The ICONOMI Open Fund Management, there will be more commission and from there we will get most of dividends. |
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The reason to believe its going to the moon will be seen once the first dividend payout are sent to holders. It doesn't matter whether how much eth is going into a holders wallet so long as we can see its been sent to us, i think the demand of ICN will still rise and thus the value.
Any idea when will be the first dividends payment? When the ICONOMI will make some profit with commission from the funds (on the platform). and also ICNX and performance fund. you can read everything on whitepaper and FAQ and on the first page on this thread you can find also a lot of informations. apparently a lot of people in crypto world does not know what divident really is... they just now that they will get monney if they have shares! There are in vacation. Where did you get that information?! |
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The reason to believe its going to the moon will be seen once the first dividend payout are sent to holders. It doesn't matter whether how much eth is going into a holders wallet so long as we can see its been sent to us, i think the demand of ICN will still rise and thus the value.
Any idea when will be the first dividends payment? When the ICONOMI will make some profit with commission from the funds (on the platform). and also ICNX and performance fund. you can read everything on whitepaper and FAQ and on the first page on this thread you can find also a lot of informations. apparently a lot of people in crypto world does not know what divident really is... they just now that they will get monney if they have shares! |
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Honestly ... if I see dividends now .. its time to sell in the pump .. its clear that they will use money they raised during ICO to pay "dividends"
You really do not know how these things work? or are you just stupid? You have so much time to write on the forum every day at 10x but you do not have time to read the whitepaper and faq?!?! I really do not understand such inexperienced people who have so much to say about things about which they have no idea what is it about! you proved that with several posts... but you still vrite every day! ohhh .. I know very well how things are working. but please enlight me .. from a 5000 ET investment .. .what dividends do you expect? If you get some dividends .. you will not question from where those dividends are ? Tell me ... in no real profit from where do you think the dividends will be payed ? I am not so sure that you know! Dividens never coms from founding capital and it is the same for ICONOMI. talking about assumptions that they will pay divident from the money they collect... that shows you that you really are just a trool and you have not any idea about how this is working. in almost all your post you are assumption something that you can find interpretation in FAQ or in whitepaper bit appparently you are to lazy to read it! and also I still can not understand you. how can you talk so much about this project when it is clear that you have no idea what is it about... I think that this token is to complicated for you! go buy some ordinary coin and trade on poloniex and write on BTT on that thread... there is already to many noobs like you on this thread that do not understand this project and asking the same lame stupid questions over and over again... nobady is bothering to answer those questions because they are so stupid it is sad! because of people like you I prefer reddit much more than btt. I put 3 simple lame questions. You are so fucking smart, you manage to answer none, just troll away So let's try again  - what dividends do you expect? [lets start slow: A dividend is a distribution of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders. (so I expect only dividends of the profit they will made till then, if it will be zero profit there will be no dividends)]- If you get some dividends .. you will not question from where those dividends are ? why would I get dividends if there is no profiit?! You really need to look definition of what dividends mean]- if no real profit from where do you think the dividends will be payed ? [look at the previous answer]you are just assumpting that they can pay dividends from colected money... that is really noobish to do. where did anyone tell you that they will do that?! where did you read that? You have a fiction about that and now you are trolling here all the time over and over again... I really advise you that you do not invest in somthing you do not nderstand. and if you were so naive that you thought that there will be huge dividends in few months... that is your prblem. you really should read more about the project before you invest! just my advice |
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Honestly ... if I see dividends now .. its time to sell in the pump .. its clear that they will use money they raised during ICO to pay "dividends"
You really do not know how these things work? or are you just stupid? You have so much time to write on the forum every day at 10x but you do not have time to read the whitepaper and faq?!?! I really do not understand such inexperienced people who have so much to say about things about which they have no idea what is it about! you proved that with several posts... but you still vrite every day! ohhh .. I know very well how things are working. but please enlight me .. from a 5000 ET investment .. .what dividends do you expect? If you get some dividends .. you will not question from where those dividends are ? Tell me ... in no real profit from where do you think the dividends will be payed ? I am not so sure that you know! Dividens never coms from founding capital and it is the same for ICONOMI. talking about assumptions that they will pay divident from the money they collect... that shows you that you really are just a trool and you have not any idea about how this is working. in almost all your post you are assumption something that you can find interpretation in FAQ or in whitepaper bit appparently you are to lazy to read it! and also I still can not understand you. how can you talk so much about this project when it is clear that you have no idea what is it about... I think that this token is to complicated for you! go buy some ordinary coin and trade on poloniex and write on BTT on that thread... there is already to many noobs like you on this thread that do not understand this project and asking the same lame stupid questions over and over again... nobady is bothering to answer those questions because they are so stupid it is sad! because of people like you I prefer reddit much more than btt. |
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Honestly ... if I see dividends now .. its time to sell in the pump .. its clear that they will use money they raised during ICO to pay "dividends"
You really do not know how these things work? or are you just stupid? You have so much time to write on the forum every day at 10x but you do not have time to read the whitepaper and faq?!?! I really do not understand such inexperienced people who have so much to say about things about which they have no idea what is it about! you proved that with several posts... but you still vrite every day! |
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i waiting this for bounty
good luck
 you better wait forever. I think he does not understand english very well I read his previous post and always says something completely unrelated |
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ICONOMI team isn't much bothered to increase icn price for you. Their aim is to establish Iconomi.
They Iconomi team members cannot sell their icn for 6 months.
Of course ... that is why they are not pushing ICN onto decent exchange ... because they would not profit from this move. Of course they couldn't have said this during ICO ...
I don't understand you. Why do you think ddos attack, hack are usual crypto scenario? There are many companies running without being hacked till now.
This is how things work in crypto ... because of anonymity: you ask for money to do some very special thing. You take the money ... and in the end the big bad hacker fucks your business ... you cry and say sorry guys ... and that's it ... Tell me ... if their idea is so fucking great, why didn't they ask for a loan ? Well ... because is a bit complicated to do funny things when you ask money form the establishment. What can we do in order to control them (as they are actually using our money)? Nothing ... we cannot even force the fuckers to put this on a decent exchange. What do you think you will be able to do to them if tomorrow they will come and tell ... well its all gone .. sorry. You really are a funny guy. Talking about stuff that you do not even understand! I am reading on this form your comments for a while now and you really have a problem of understanding what ICONOMI really is. Did you even read Whitepaper?!? ok even if you did you did not understand it. I believe that noob like you had bad expiriences in crypto. You have probably invest in some shitty coins that you did not even understand what you have invested in. |
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