It seems like the big fuzz over this coin is that Max Kordek holds one of the escrow keys. It really doesn't provide any unique functionality like other coins, other than to make people who don't care about Crypto more money. I mean, it is what it is, but it's just not as exciting as other coins. Would this coin reach its goal of 2,000 BTC if Max Kordek wasn't part of the escrow team.
from my perspective it's the other way around. more people will join out of crypto world better it is for all of us already in. Exactly! We're at the stage where outside investors have really really hard time investing into crypto. In order to bring outside investors into crypto new financial services needs to be developed for them. Right now they have problem with what to buy, how to buy and manage when needed and how to keep assets safe. And even if they make it, then they see volatility they are not used to and face another problem. It's hard, but that's where the opportunity is! |
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Still holding all of my coins. If Bitfinex would pay me back some BTC I'd be buying more.
Don't feed the trolls. Let them make their case and go. It's obvious they have no case until people start arguing and obfuscating the (lack of) points being made, leaving only a negative aura with no basis in reality. These people know how to irritate others into perpetuating the spam and that's really all they need. No points... just a large percentage of negativity in the posts. Ignore them.
sure , buy and hold , and your investment in 1 year will be x10 from todays price.  PS:maybe x20 10X, I think 20X or even 40X are possible, the key is that how stratis will attract business customer. If there are people actually using stratis, and it indeed has real value, price will be much higher. |
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Still holding all of my coins. If Bitfinex would pay me back some BTC I'd be buying more.
Don't feed the trolls. Let them make their case and go. It's obvious they have no case until people start arguing and obfuscating the (lack of) points being made, leaving only a negative aura with no basis in reality. These people know how to irritate others into perpetuating the spam and that's really all they need. No points... just a large percentage of negativity in the posts. Ignore them.
well said!  |
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Do you guys have plan to release white paper?
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Would we have to trust the team members who are trading with the funds to record down every profit they make? In other words, how can we trust the team that you guys will accurately report losses/gains?
That is something that bothers us as well. We wanna show full transparency and we'll use any way we can think to proof that. After all. The more transparent we are, the more business, the better for all. That's true, basically it's a centralized model, that's where the risk is. |
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What consensus algorithm are you going to adopt? How to secure the network? PoS or PoW?
it is pretty clear there. ICN is ethereum based token. no mining. imagine a true DAO for investment fund. Thanks, that makes sense! |
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What consensus algorithm are you going to adopt? How to secure the network? PoS or PoW?
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Can you provide access to some scenarios that lay out how the dividend math to token-holders would work in practice? I would imagine that some folks here may not be that sophisticated in their understanding of how the value flows through the layers here. Thanks.
The most basic concept will work like this. We'll issue 100m ICN tokens. Then we'll create CTF and CMF funds. With those funds we'll earn profits. Some of profit will be used to pay the team and our expenses (however, for as long as we'll still have funds from ICO we won't take any profits for team and expanses, but will distribute all the profits to ICN token holders). The rest will be distributed to ICN token holders. Hypothetically if we create 3m EUR profits in our first year and we'll burn just ICO money (which for the first year it will definitely be the case) then 3m EUR will be given to ICN token holders as dividends. Payouts will probably be weekly or even more frequent. ICN will effectively be a "coin" with dividend. One that you can buy/sell on exchange. And while you hold it it brings you a dividend. And the value goes up/down accordingly. Dividends will be paid in ICN, correct ? No. Dividends will be paid in ETH. If they would be paid in ICN, we would need to create more ICN tokens. And ICN will be build on top of Ethereum, so paying it in ETH will work our of the box, because technically holding ICN token will mean that you hold private key of an Ethereum address which has access to ICN. It's quite a technical question. Let me know if you need deeper explanation or simplified version. It is more like you own apple stock(ICN), and you paid by USD(eth). |
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In white paper, you have CTF, CMF, I guess those correspond to ICONOMI.INDEX FUND and ICONOMI.PERFORMANCE FUND. I am not a financial expert, I think there are too many terms and they are not consistent.
Also ICN tokens work as company shares, I am a little confused by the relationship between CTF, CMF. Those are two completely different thing, right? Only majority adopt the idea and invest CTF, CMF, the value of ICN will increase. Am I on the right track?
Lastly, can you explain a little about future in your mind, say in 5 years, what is best and worst scenarios for the ICONOMI?
ICONOMI.INDEX is one of CTF (crypto traded fund) products. There will be more crypto traded funds. There could be ICONOMI.INDEX.storage or ICONOMI.INDEX.media. But all will be same class of CTF. CMF is coin managed fund. There can be more coin managed funds as well. CTFs and CMFs will be products under ICONOMI. The more profit they will create the better will be for ICN (ICONOMI token hodlers) as profit will be given to ICN holders as dividends. In 5y. Worst is that we don't create any profit any value goes down to zero. In best case, we can own 10% of each future token and value of ICN goes up accordingly. Well explained, thanks! |
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In white paper, you have CTF, CMF, I guess those correspond to ICONOMI.INDEX FUND and ICONOMI.PERFORMANCE FUND. I am not a financial expert, I think there are too many terms and they are not consistent.
Also ICN tokens work as company shares, I am a little confused by the relationship between CTF, CMF. Those are two completely different thing, right? Only majority adopt the idea and invest CTF, CMF, the value of ICN will increase. Am I on the right track?
Lastly, can you explain a little about future in your mind, say in 5 years, what is best and worst scenarios for the ICONOMI?
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interesting project, reading white paper.
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Very interesting project, I have a question, why do you choose chatbot interface, is chatbot necessary for this kind of application? Thanks
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Does anyone try out the linux wallet? My linux version is mint 18, and when I ran the stratis-qt it says couldn't find libssl.so, file not exist.
Any one know how to solve this, thanks!
you must run this: sudo apt-get install build-essential sudo apt-get install libssl-dev sudo apt-get install libdb++-dev sudo apt-get install libboost-all-dev sudo apt-get install libqrencode-dev @Sindren I am still not able to run stratis linux wallet. After installing all the packages above, still got the same error. Any ideas? Thanks |
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Does anyone try out the linux wallet? My linux version is mint 18, and when I ran the stratis-qt it says couldn't find libssl.so, file not exist.
Any one know how to solve this, thanks!
you must run this: sudo apt-get install build-essential sudo apt-get install libssl-dev sudo apt-get install libdb++-dev sudo apt-get install libboost-all-dev sudo apt-get install libqrencode-dev Thank you sir, I think I am missing libssl-dev, I only installed openssl |
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Does anyone try out the linux wallet? My linux version is mint 18, and when I ran the stratis-qt it says couldn't find libssl.so, file not exist.
Any one know how to solve this, thanks!
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What will be the total number of DCTs? I read somewhere saying that it's 120 mil? Is that true?
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How do you calculate it?  PoS rewards is 1-2% I used 1% as he should get at least that. 1% of his 1400 strat = 14 strat/year 14 strat/365 days = 0.03835616438356164383561643835616 strat/day 1 strat /0.03835616438356164383561643835616 strat/day = 26,071428571428571428571428571429 days. Thanks for the information, it really makes sense! |
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