[ANN] ICONOMI - Fund Management Platform

[rgornik]

https://www.youtube.com/watch?v=47Z27PPNvNQ
Tim talks about Iconomi for an hour here, sadly it's in Slovene. Thougt the major things he probably didn't want to reveal is that Deloitte is going to audit every new ICO and give a green flag if it's a good investment or a scam, something like this. Also he said that they have a lot of fund managers already in contact and they will have their OFM funds in their portfolio of stock and bond funds. Someone else from Slovenia can try to translate something interesting that they find in this video.

Deloitte is involved??

Errrr WHAT?

If that is true, then this is major fucking news.

Would someone in Slovenia be a Gem and add English Captions for us?

I would but link doesnt seem to work for me. Any alternative link?

[1714588163]

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[1714588163]

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[zahra4577]

Primary you have to buy ICNX on ICONOMI, but then you can sell ICNX on any exchange that will add ICNX.
And everybody can buy ICONX on exchanges. US citizens also

Do ICN holders get preference in buying ICNX or will it be available to everyone buy? Where will they be sold,in exchanges or ICONOMI website?

[Flyingbits]

Primary you have to buy ICNX on ICONOMI, but then you can sell ICNX on any exchange that will add ICNX.
And everybody can buy ICONX on exchanges. US citizens also

Do ICN holders get preference in buying ICNX or will it be available to everyone buy? Where will they be sold,in exchanges or ICONOMI website?

There is not advantange for having any preference. As I understand, the value of the ICONOMI.INDEX is related to the value of the assets (crypto coins and tokens) of its composition

[boestin]

[Flyingbits]

The Winklevoss brothers are late again.....

https://www.bloomberg.com/view/articles/2016-11-01/five-reasons-the-winklevoss-bitcoin-etf-should-be-approved

https://www.youtube.com/watch?v=24dN7LDelCg

ICONOMI is developing and will market the idea faster and better!  

The bros are trying to do it the "old economy" way.... FAIL! Some day they will claim ICONOMI stole their idea! LOL

We have a BIG WINNER here! BUY and HODL as much ICN as you can!

[boestin]

Nah it will be some time before it goes past 0.0004 again.

Yes, around this time:



Note:  Obviously I am NOT from the Netherlands.  I had my VPN up at that time.

[wakier]

ICNX is not the same with ICN?

[Flyingbits]

ICNX is not the same with ICN?

https://ico.iconomi.net/faq

[ri80va]

ICNX is not the same with ICN?

The best thing to do is te hold ICN..

"Profits from the ICONOMI.INDEX and the ICONOMI.PERFORMANCE funds will be shared with ICN token holders immediately after the establishment of the funds."

[manonym]

Wich holds the second address in etherscan ?

https://etherscan.io/token/ICONOMI?a=0xcf40d0d2b44f2b66e07cace1372ca42b73cf21a3

There are many inputs, more than 370 000 ICN in the last 24 hours.

[Wall-Street]

Less than 50 BTC left under 0.00040

Looks like we'll be going pretty soon.

[mpunisher]

Wich holds the second address in etherscan ?

https://etherscan.io/token/ICONOMI?a=0xcf40d0d2b44f2b66e07cace1372ca42b73cf21a3

There are many inputs, more than 370 000 ICN in the last 24 hours.

Kraken I think

[Flyingbits]

Wich holds the second address in etherscan ?

https://etherscan.io/token/ICONOMI?a=0xcf40d0d2b44f2b66e07cace1372ca42b73cf21a3

There are many inputs, more than 370 000 ICN in the last 24 hours.

Kraken I think

Yes, it is KRAKEN... May be tokens from the ICO ready to be sold after the 28th?

[Flyingbits]

Looks like at least 68% of the tokens are in strong hands in the ICONOMI ICO wallets.

Note de second address KRAKENs one



I am glad I jumped on under the 30ks! Now holding long!

This is todays etherscan graph for comparison:



There has not been change in the % of tokens hold in the adresses 3 to 11 owning each more than 500.000 ICN tokens...

Big investors are HODLING! They are the sharks....

Whales do not eat sharks, whales eat small weak fish!

[manonym]

ok thanks,

so I will buy more today, while the price is low.

ICN to the moon 

[5thangel]

Are ICN tonight going to 0.35$ ?

btc decision time -  waiting for a pullback ...We need some fuel mate
ICN will rise anyway.
This what little pull back from btc can do...


imagine what large one can do  ...

It's Time ...

[5thangel]

this is all what we need today

[Artebets]

ok thanks,

so I will buy more today, while the price is low.

ICN to the moon 

the price is low now, buy now or you are too late
32k is low now. hold it for the long run

[JL901_NL]

Found this post on reddit. It is explains it all.

[–]Daparski 2 punten 2 dagen geleden
There are two types of funds - index-based (CTFs as Coin Traded Funds) and actively manged funds (CMFs as Coin Managed Funds).
ICONOMI.index is the fund that invests into that index. So if you buy $1000 into the fund, the platform will automatically buy the index underlying assets based on their current weight. Same goes when you want to exit (selling).
There is a very good explanation why such an index is expected to have a big success posted here
As ICN holder you get paid fees based on the amount of money invested in CTF funds, such as ICONOMI.Index fund, regardless of the fund performance.
ICONOMI.performance is more of a hedge-fund and is managed by Iconomi. Its investing targets are ICOs. This fund is pre-seeded with ICO money - ~4.5M usd. The idea was that 10,000 BTC is enough for platform development and daily operational costs, and all money raised above that 10K BTC threshold will be invested in the fund. So instead of this ~4.5M usd to idle in the bank or cold storage, it will actually make profits. The deal was that ~20% (no official numbers yet) of the fund profits will be distributed back as dividends to ICN holders.
As ICN holder you get dividends from all CMF funds based on their performance (percentage of the profits they make).
Once the platform will be fully operational, everyone will be able to create their own fund(s) and/or to invest in existing ones. Since Cashila is Iconomi operator, they provide easy and legalized fiat to crypto gateway, which will make it much easier to fiat investors and traditional fund managers to join the crypto world.

[salmanahmedone]

I found out about ETH back in May when it was $11, I heard about it previously but didn't do anything till then. Back in May, ETH was hyped like crazy. No one could say a single bad thing back then because there was no ETC, No DAO hack etc... There was so many Ethereum fan boys who lash out the minute you even bring up a tiny concern about security, scalability etc...

 Also I didn't care that I was buying from people who potentially bought at less than $1 and are making 10x profit, I just cared about LONG TERM potential based on MY situation. The price went to $20, I didn't sell at the peak but made some nice profit before market lost confidence. It will have a year long bearish market next year just like BTC did 2 years ago and then it will moon. There is no doubt in my mind that if the whole DAO and ETC shit didn't happen, ETH would be mooning along with BTC now and $20 would be considered CHEAP.

What does all of this have to do with ICN?
1- many people will dump when it starts to play around in $1-$5 range or $6-$10. But A LOT more people will buy at that time due the fact it has gone up in the first place!! Majority of people only act when a coin is being pumped because its confirmation bias and to them its a 'safer' investment. low risk = low reward

2- ICN devs are masters of their own destiny now. They literally have it all in their hands. They are the only ones who can mess it up from now on because it seems the whole community is on their side. My concern to be honest is they will rush the OFM platform which may lead to high security risk or glitchy website that always looks and feels like it is in beta testing. I was excited at first that OFM will be released sooner than we expect, but now I would much rather if they are more patient and release a platform that is 100% secure and tested.... Otherwise, the first news of any sort of uncertainty and then it is game over and move on to the next hyped up thing. Sure, there will be loyal followers, but the majority of investors (not just in crypto but in general) will dump instantly at the first news of uncertainty. I'm going to ask them about this at next AMA and fucking hope they don't rush this so we don't have a fucking ICN Classic!

Your concerns are genuine. But I think ICONOMI team is well prepared to handle any issues as they have good track record and experience. True supporters of ICN will need to hold on to their holdings. 
I do remember those days when ETH was supported by a lot of people and you would face a firing squad if you voice something against ETH.

I still feel ETH can correct all the issues and appreciate in price in the coming months. But I never consider ETH gaining in value as BTC.