[ANN] ICONOMI - Fund Management Platform

[aDAPPter]

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

Glad to see someone else agree on this:

"they woudln'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 also agree that "BS with "focusing on the important things" is just that ... BS."

It shouldn't be hard to talk to Polo directly if they have NDA.

[petricag]

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.

[petricag]

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.

[Wall-Street]

Personally I rather NOT see ICN on Bittrex before Poloniex.

If ICN goes to Bittrex first, the pump won't be high enough and won't be sustained as on Poloniex.

There's just not much liquidity on Bittrex.

[5thangel]

i am 100% sure that must be a reason why ICN not on Polo or TRex . ICONOMI tim not stupid people.. so just let them do the job
there a few very big investors and they not just dump money on first ico they see...

[Daparski]

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

[stormia]

Don't be greedy, just sell and move on.

Have you ever made money off an ICO? I see you in all these ICO threads and based on your posts and the timing of your posting it seems like you always get impatient and sell low before the coin even has a chance to go up.

[Daparski]

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

[BDdomino]

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  

[5thangel]

[petricag]

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 ...

[rapazev]

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  

The jealousy is real...

dude, they never planned to pay 50btc for one translation. They had an amount to ALL translations, unfortunately, the russian translation got a big piece of the bounty because the others didnt have the same amount of pages..
the same thing could happen to any other bounty.

[petricag]

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 !

[Daparski]

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?

[Daparski]

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.

[Daparski]

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?

[petricag]

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.

[Daparski]

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

[aDAPPter]

If they have an NDA with Poloniex, why can't they just ask Polo to list ICN already?
It's much more complicated to list anything on Kraken, and ICN was listed there already, so they're aren't any legal obstacles.
I don't agree with delaying the launch on Poloniex, it does not sit well with most investors.
They should let the free market price the token, rather than try to control the market.

[Kasmetski]

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