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281  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform on: January 15, 2017, 11:51:33 PM
Guys I am 100% aware of what's wrong here, we lack of to"the moon memes" and "lambos". What's up guys ?! Where are my hookers and blow and moonboots  Huh
282  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform on: January 15, 2017, 11:37:41 AM
Do we have a date of the platform launch yet?



 Huh



 Huh


Already launched yesterday.  Grin



This winking gif put mr. honolulumark on the ground! I don`t think he can beat it. Grin

Let's first see what he comes up with.  Grin
283  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform on: January 15, 2017, 09:08:59 AM
Do we have a date of the platform launch yet?



 Huh



 Huh


Already launched yesterday.  Grin

284  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform on: January 12, 2017, 01:40:32 PM

Can someone explain ICONOMI to me?  I understand it's kinda like a hedge fund for crypto but what does the coin (ICN) have to do with it?

Did you read FAQs? If yes then you can read more here: https://medium.com/iconominet

After reading this your questions should be answered. If not come back and I will help you as good as I can.

So I read all the facts carefully and I believe I understand is mostly now.  The ICN coins is shares in the ICONOMI product its self.  So when dividends are paid out (in Ethereum) it's being paid based on how the funds are doing.  Buying the ICN coin is different then buying into the ICONOMI.PERFORMANCE which is a diversified fund that is in it's self not a crypto but an actual share that will be traded on real exchanges?  So by buying ICN now I am buying into the possibility ICONOMI will succeed?

And later once ICONOMI.PERFORMANCE launches would it be more profitable to hold my ICN coin or to invest in the fund it's self?

How is my understanding?

Quote
The ICN coins is shares in the ICONOMI product its self.

No, ICNs are shares of the ICONOMI company itself and where public offered back at their ICO back in September. ICONOMI includes ICNX, ICNP funds and OFM-Platform. ICN holders will receive dividends in form of ETH if ICONOMI makes profit from on of these. Dividends will be paid out weekly. To receive dividends you need to hold at least 42 ICNs and hold the private key for that wallet.

Quote
So when dividends are paid out (in Ethereum) it's being paid based on how the funds are doing.

That's correct.

Quote
Buying the ICN coin is different then buying into the ICONOMI.PERFORMANCE which is a diversified fund that is in itself not a crypto but an actual share that will be traded on real exchanges?

You are right about that ICNP (ICONOMI Performance Fund) it's a diversified fund but this fund is all about investing in new crypto ICOs. Half of the money which was raised during ICO (~5.7Million) are lying in it and they will invest some of their/our money in different ICOs for example Golem which they invested 5000 ETH in. ATM you can't buy in into ICNP at least they run out of money. ICNP is not likely to be traded on exchanges because you can't invest in it.

ICNX is an index fund where you will be able to buy in once OFM.-Platform is launched. It's like and index fund in the old economy. Low risk - hopefully not low rewarded Cheesy


Quote
So by buying ICN now I am buying into the possibility ICONOMI will succeed?

Yes, that's right. IMO it's most likely that they will succeed (if they don't mess things up) because they aren't reinventing the wheel. If you have a look at fund managers in the old economy mostly have funds worth more than 100 millions of dollars. So if you say ICONOMI is trying to bring this money to crypto you can easily get a feeling where this could be going to be.

I hope I could make things clearer and help you to get a better feeling about ICONOMI. If there are any questions left just post it, I'm glad to help you out.
285  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform on: January 12, 2017, 12:38:38 AM
and it's lowest price so far  Wink

Nope, not Satoshi wise. We are still at .00038 satoshis and testing still the resistance of .0004 sats to break ath. We are down compared to USD because BTC dumped but this will soon adapt.


Sorry, I mean lowest price compared to other coins on ticker on reddit EthTrader.
Marketcap is more important indicator.

Sorry, but where is the market cap a more important indicator? Market cap on Coinmarketcap is shown in $ and is calculated by: "amount of tokens / price in $" ---> 87,000,000 / 0.309604 $ = 26,935,548 $.

So if BTC goes down, the market cap will decrease due to bitcoin loses value in correlation to the USD. So could you please explain to me what you are trying to say? I don't get it.


He said that ICN price is lowest compared to other coins on ticker on EthTrader. ICN price is irrelevant to compare it with other coins. You should compare whole marketcap.  What if there would be 10 times less icns. Then price of one icn would be 10 times higher. And that's why comparing prices of coins is useless.
If btc goes down then icn/btc ratio will go up (well it should go, but people then exit positions). That's why we really need icn/usd pair on kraken because btc's ups and downs f*** icn/usd price.

Yes that's right. I had a missunderstanding there.

Can someone explain ICONOMI to me?  I understand it's kinda like a hedge fund for crypto but what does the coin (ICN) have to do with it?

Did you read FAQs? If yes then you can read more here: https://medium.com/iconominet

After reading this your questions should be answered. If not come back and I will help you as good as I can.
286  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform on: January 11, 2017, 08:24:44 PM
and it's lowest price so far  Wink

Nope, not Satoshi wise. We are still at .00038 satoshis and testing still the resistance of .0004 sats to break ath. We are down compared to USD because BTC dumped but this will soon adapt.


Sorry, I mean lowest price compared to other coins on ticker on reddit EthTrader.
Marketcap is more important indicator.

Sorry, but where is the market cap a more important indicator? Market cap on Coinmarketcap is shown in $ and is calculated by: "amount of tokens / price in $" ---> 87,000,000 / 0.309604 $ = 26,935,548 $.

So if BTC goes down, the market cap will decrease due to bitcoin loses value in correlation to the USD. So could you please explain to me what you are trying to say? I don't get it.

287  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform on: January 11, 2017, 07:56:05 PM
Is it my impression or is the situation becoming favorable for ICONOMI? Good since that announce the launch of the fund, this fall of Bitcoin can lead many investors to ICONOMI! The connection with fiat will help a lot! We will have 2, 3 days of many expectations!

I agree with you here.

But where I can't agree with you is this: "Kaizoku Ou Ni Ore Wa Naru"! I have to say "damare" and I will "buttobase" you! And then Kaizoku Ou Ni Ore Wa Naru!  Grin  Grin
288  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform on: January 11, 2017, 04:29:35 PM
and it's lowest price so far  Wink

Nope, not Satoshi wise. We are still at .00038 satoshis and testing still the resistance of .0004 sats to break ath. We are down compared to USD because BTC dumped but this will soon adapt.

Guys don't shit your pants because BTC is going down. This means ICN will rise, but it will take some time. Most people sell their BTC to Fiat atm and then will move to ICN when BTC markets calm down.

ICN always rise even when bitcoin somehow is going down. This is why most of my btc is spent on investing ICN, i have a lot of trust to the team that they can make it to the top 10 on coinmarketcap.

Some days ago, when the price of the btc up, we can see that the price of ICN also climbed up to 40k, it means that ICN is a coin does not go down when the BTC is rised.

289  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform on: January 11, 2017, 01:08:43 PM
Guys don't shit your pants because BTC is going down. This means ICN will rise, but it will take some time. Most people sell their BTC to Fiat atm and then will move to ICN when BTC markets calm down.
290  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform on: January 10, 2017, 11:01:57 PM
Quote
Although over half of hedge funds manage less than $100m, they represent only 1.4% of the industry’s $2 trillion or so in assets, according to Hedge Fund Research, a data provider — The Economist.

This is quote from Economist's article. To get an impression how huge is this business in FIAT world

I think the way Crypto world is going, fund managers will be the next big thing in Altcoin market, people need someone to manage their portfolio for them and this is good that ICONOMI is leading the way. I just hope they deliver the right platform

Exactly that was my point. When people will find out about fund management I think this will be break through. In "normal" life people do not have time to trade but would like to save money in alternative way.

P.S. whats behind this big sell. Somebody is dumping? I read something on slack but am not sure if it is just trolling

Just troll/kidding, people getting impatient because there wasn't an announcement today. Nothing to worry about, just HODL
291  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform on: January 10, 2017, 06:29:47 PM
where are the news??

this is getting boring, we want some fresh news?


Cheesy

Patience my friend.
292  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform on: January 10, 2017, 05:54:10 PM
I think is wrong to be trying to bully those people selling their ICN tokens everyone has their entry ans exit strategy, I know someone that said long time ago that he is going to sell his Bitcoin  when the price hit $1000 this was when the price was around $500. And I'm sure he is alright financially now because his holding is enough
I think it's more wrong to indirectly encourage those people to sell their ICN tokens so cheap, so others buy them.

nothing wrong with that, it's the free market after all



Either you wink or bite, do you got something else. I'm kina disappointed in you.



293  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform on: January 10, 2017, 04:15:58 PM

Don't harm 5thangel he's normally a nice person. I think he just saw it recently and wanted to inform us.
294  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform on: January 09, 2017, 10:06:24 PM
In response to a question on news by daparski in slack, jaka provided the following response:

jaka [6:35 AM]  
we are working to be ready for next round of early access
[6:35]  
we'll share more in the following few days



https://iconominet.slack.com/messages/general/details/





My guess is Tuesday or Wednesday of next week since those are the preferred launch days of ICONOMI devs.


Dumpers will be rekt when the launch announcement is made.

At least there should be an announcement this week but my guess is also Tuesday or Wednesday.
295  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform on: January 09, 2017, 09:31:14 AM


Buy wall is back!  Grin

How far do you think it can go today?

Dunno my crystal ball lacks lately. I think it will be based on their announcement. FOMO will hit in most likely if they will release it within the next few days/weeks. Let us be patient, HODL and accumulate as much as you can afford before it takes off. I believe we are still flying under the majority's radar.

To hit top 10 we need at least .00045 this would require ~74 btc.
296  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform on: January 09, 2017, 08:27:37 AM


Buy wall is back!  Grin
297  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform on: January 07, 2017, 04:51:20 PM
Poloniex has had 27,500 btc volume ($24 million) trading volume in the last 24 HOURS! Imagine how much trading volume they have in 1 year and how much profit they make from fees! I will be happy with just 10% of that trading volume on OFM in the first year...

Do I hear someone off in the distance asking for a math calculation to be done?  Wait just a moment....why, yes....yes I do !!!!

So Polo has $24M per day in trading volume.  That's roughly 30*24M = $720M in trading volume per month.

Let's assume ICONOMI OFM ramps up to capture 10% of the Polo trading traffic per month at some time in 2017.  At that point,  OFM would be handling 2750 BTC in trade per day for a total of around 30 * 2.4M = $72M in trades per month.  Hey, that sounds like a reasonable goal....

Poloniex fees are detailed at https://poloniex.com/fees/.  If ICONOMI charges a competitive 0.20% fee, they would then be earning roughly speaking  0.002 * 72M =  $145K per month in OFM fees, or around $1.75M per year.  As the official owners of the OFM, holders of ICN tokens receive all fees from the OFM platform.   Thus in this example 100M ICN tokens would split $1.75M per year, or around 0.0175 USD per ICN token per year.  These tokens are currently for sale at Kraken for around 0.3000 USD per ICN token.  

So ICN TOKENS PURCHASED ON KRAKEN TODAY OFFER A 0.0175 / 0.3000 = 5.8% ANNUAL RETURN ON INVESTMENT JUST FROM OFM FEES FOR EVERY 10% OF POLONIEX TRADE TRAFFIC CAPTURED DURING 2017.  

IF OFM EVER GETS AS BIG AS POLO, ICN TOKEN HOLDERS GET 0.175 USD PER YEAR PER ICN TOKEN JUST FROM OFM FEES.  THIS WOULD BE A 58% ANNUAL RETURN AT CURRENT KRAKEN ICN PRICES.

BUYING ICN AT KRAKEN IS LIKE BUYING INTO AN IPO OF POLONIEX OWNERSHIP - AND MUCH, MUCH MORE.  THESE CALCULATIONS DO NOT INCLUDE ADDITIONAL PROFITS ACCUMULATED BY ICN TOKENS FROM ICNX AND ICNP FUNDS.  THESE ADDITIONAL PROFITS MAY BE EVEN BIGGER THAN OFM PROFITS.


I AM HODLING.


Don't we all like it when Mal does these calculations?
 Smiley

Yup, it was spot on! Thanks for that Mal.

Usually company shares are valued based on 6% dividends return. The fact we haven't included ICNX, ICNP and only used conservative figures based on ONE exchange (volume from all exchanges combined in last 24 hours is close to $300m). So even on very conservative calculations price is extremely undervalued. We haven't even started to speculate on how much money will come in from OUTSIDE of crypto  Cool

I was about to say that. Iconomi doesn't aim at those who already are in crypto, they aim for these outside of it - the old economy! There is so much more money than our 16.8 Billion. I hope their affiliate program will be on point so everyone has a good reason to drag in a lot of new people. I already dragged my mother, father and some close friends in!  Grin
298  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform on: January 07, 2017, 04:43:51 PM
If that sell wall is broken, we may see a nice climb to 0.00100 this weekend.

0.00100 this weekend.

0.00500 after ICONOMI Platform launch.

0.01 after OFM Platform launch.

When this 100k floor is coming we are waiting for this but it taking too long time. I'm still holding my tokens even already it's 2x than my actual buy price but I have believe sooner will reach to 100k.

Will someone please sell me 10k ICN for 0.000338 my buy order is on kraken

Someone sells me 228K ICN at 32100. My order is also in kraken.

Dafuq you're Talking about? That's my order  Grin
299  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform on: January 06, 2017, 03:26:59 PM


Mhmmm ... Something changed here, but I can't see what it is  Roll Eyes

Ah, maybe its the 236,010.000 buy wall at .000308 Cheesy
300  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform on: January 06, 2017, 11:02:52 AM
If Bitcoin breaks his 2013 historical highs $1100-$1200s, it may go to $3000-$5000 range this time.

This bull market looks like it's just getting started... Interesting times ahead for CryptoCurrency world.

https://www.reddit.com/r/Bitcoin/comments/5lymc8/if_google_trends_is_any_indicator_it_looks_like/

+1
It's okay for $5000 Wink

Bitcoin is catching its breath before resuming the climb.

If bitcoin reach such a high price, it could mean the death for many ALTcoins for everyone will be swapping them for BTC.
In such a situation what would happen to ICN?

Dunno what happens my cristal ball lacks lately. But I know exactly what I would do, buy more ICN!


Buy more and more or grab it through the trading method.  Roll Eyes
The best time for grab altcoin.

Before the platform is getting launch and we need a lot of the ICN stock and its mean to buying more and more. And keep them in our pouch. 



Thanks for pointing that out. You're such a nice person!  Grin

Can you teach me about that trading method Huh
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