[ANN] ICONOMI - Fund Management Platform

[TopTrade]

Etoro.com is also unavailable in US, but they still have more than 20k users trading BTC there and a market cap well north of $100m

The 20k users trading BTC on Etoro.com are NOT from the United States.

Where did you get that $100m market cap figure?

Last time I checked eToro was a private company, not publicly traded.
I guess he pulled that $100m market cap figure from his ass.

[Enjorlas]

As an American with a giant bag of ICN, I am HODLING.

[smokim87]

Etoro.com is also unavailable in US, but they still have more than 20k users trading BTC there and a market cap well north of $100m

The 20k users trading BTC on Etoro.com are NOT from the United States.

Where did you get that $100m market cap figure?

Last time I checked eToro was a private company, not publicly traded.
I guess he pulled that $100m market cap figure from his ass.

I believe he means it's market valuation, doesn't have to be traded publicl to have a  market valuationNot sure if it's worth a 100M but probably based on the investments and stake of the investors.

[MoveCrypto]

Etoro.com is also unavailable in US, but they still have more than 20k users trading BTC there and a market cap well north of $100m

ICN is under a coordinated FUD attack from competing projects and people who are trying to accumulate ICN for pennies on the dollar

The 20k users trading BTC on Etoro.com are NOT from the United States.

Where did you get that $100m market cap figure?

That's what I said.  They have more than 20k users trading BTC, despite not being available in US.  If Iconomi platform matches that number, then ICN would represent the #3 largest userbase on coinmarketcap.com behind BTC and ETH.

http://www.coindesk.com/etoro-launches-bitcoin-trading-3-million-users/

Confirming our earlier post on the matter, retail forex broker eToro has successfully raised $27 million from units of China’s Ping An and Russia’s Sberbank. Current investors Spark Capital and BRM also participated in the financing. The round also includes a credit facility from Silicon Valley Bank.

Industry sources tell LeapRate that the financing was done at a valuation well north of $100 million for eToro.

http://www.leaprate.com/2014/12/etoro-raises-27-million-from-chinas-ping-an-and-russias-sberbank/

Total Equity Funding
$72.9M in 7 Rounds from 16 Investors

https://www.crunchbase.com/organization/etoro

Looks like the real big money international investors don't care if a product isn't available to US market.

[andron8383]

...
Looks like the real big money international investors don't care if a product isn't available to US market.

They way that they don't pay US taxes are cousing that they are registered at some tax haven to avoid legally them.
Many wealthy people are running offshore companies to avoid taxation ^^ or to pay 0% tax at end.

...
You're right, well I guess it's time to sell then, maybe buy more melons.
...

If ICONOMI legal advisors decided that is not worth now getting into US its meaning something.
Other projects who want run it on US side will have to face same problems with US law.
Oh yea maybe Trump will change law only for them ^^ in some executive order.

Biggest crypto market is now China not US and US citizens have to leave their EGO for that knowledge ^^...
Maybe sadly but this is true...
World in no longer so dominated by US like it were 20years ago.
Which wars they won lastly ? Syria Irak Afghanistan Libia maybe war on terror - oh wait ...
Some president wanted Muslim ban ^^ yea US is winning everywhere.

[Vinz421]

Get ready to sending in your Identification cards & Passports to some unknown people in Slovenia.

4.1 THE WEBSITE AND ITS PRODUCTS ARE NOT OFFERED FOR USE TO THE CITIZENS OF THE UNITED STATES OF AMERICA (“USA”) REGARDLESS OF THEIR LOCATION
 

Well, I'll send you back to the reply I've just posted on another so called "crypto-anarchist-anon".

If Iconomi is to be a proper financial institution, selling crypto assets to traditionnal VC investors, they've got to provide the means to achieve this.

This is KYC. This is AML.  
This. Is. Law. This is regulation.

You don't have to agree with it, you don't have to comply with it, but then you stay out.  

Of course, you can stay with the kids and play with pocket money, wondering why the whole crypto market cap is still peanuts compared to traditionnal hedge funds, after a mere 8 years of activity.
Or you can realise the old-economy whales will want legitimate businesses to invest big time in, not shady anon pnd exchanges for the tech-savvy crypto-geeks. I'm looking at you, Polo.

You're missing the point which is :

4.1 THE WEBSITE AND ITS PRODUCTS ARE NOT OFFERED FOR USE TO THE CITIZENS OF THE UNITED STATES OF AMERICA (“USA”) REGARDLESS OF THEIR LOCATION

They collected funds during the ICO from US citizens, now they're blocking them from using the product they invest in.

Easy to address it too, as the answer is pretty much the same : this goes back to the same point about law and regulation.
Yes, they indeed offered an ICO in which they allowed anyone to invest in BTC. Nothing illegal here.

Concerning the platform use, though, you cannot really blame them for playing it on the safe side. They never declared US citizens would be able to use it in the first place. Nor did they declare they wouldn't.

Let's assume you're an US citizen and feel wronged because you could invest -in crypto- in the project, but can't use the product.
I'd rather have them deprive - probably temporarily - the US users from using the platform in order to avoid a costly and time consuming legal shitstorm.
You'd apparently rather have them letting you use the product, even if it puts the whole project at stake ?

This is BS.

Totally backing them on being extra careful and launching where they know they can launch safely eg. Europe, and probably even China before the US of A.
Not ICN's fault if the US laws are so restrictive in order to protect morons from themselves, and in order to protect lobbies who write them. 

EDIT : By the way, nothing forbids you from hodling ICN, or selling your bag on Kraken.

[Enjorlas]

Lol guys relax. You are doing what all humans do; creating drama out of thin air. I am an American and I couldn't be happier with my Icn.

[TopTrade]

How many confirmation to transfer ICN from ico.Iconomi.net to Kraken ?

[Nargil]

Get ready to sending in your Identification cards & Passports to some unknown people in Slovenia.

Oh yes, everyone in Slovenia will now know, that you are just an average guy, just like everybody else and not even a little bit special like your mother used to tell you.

Some people here really have the need to feel at least somehow important.  

[CryptoInsiders]

Lol guys relax. You are doing what all humans do; creating drama out of thin air. I am an American and I couldn't be happier with my Icn.

Yes, relax US people... just buy more ICN eventhough you NOT ALLOWED to use Iconomi.net in the US.

https://pbs.twimg.com/media/CiTtLW2UUAAJr1v.jpg

[Vinz421]

Lol guys relax. You are doing what all humans do; creating drama out of thin air. I am an American and I couldn't be happier with my Icn.

Just addressing non-sense FUD.
You're right to HODL. Hope those ICNs turn into a darn load of gold for you.

Lol guys relax. You are doing what all humans do; creating drama out of thin air. I am an American and I couldn't be happier with my Icn.

Yes, relax US people... just buy more ICN eventhough you NOT ALLOWED to use Iconomi.net

Blame your govt, Einstein. 

[Vinz421]

How many confirmation to transfer ICN from ico.Iconomi.net to Kraken ?

Go to Kraken > Funding > Deposit > ICN
There they mention 30 :

30 confirmations are required before the funds are available for trading.

[XbladeX]

... Yes, relax US people... just buy more ICN eventhough you NOT ALLOWED to use Iconomi.net in the US.  ...

Can you tell me reasons why US people who have ICN or will buy them on exchange like BTC want use Iconomi.net ?
Same time those tokens are operational without any need of visit ICONOMI website.
If some US citizen are really determined to use ICNX or ICNP they can do it by offshore companies (wealthy people)
or for not so wealthy they have to make few accounts and transfer USD below KYC limit.

^^ don't  blame ICONOMI for US restricted law

BTW which are top US exchanges form list ?
http://coinmarketcap.com/currencies/bitcoin/#markets
As far i know Poloniex didn't apply for some US license to be not restricted by US law.
https://news.bitcoin.com/poloniex-leaves-new-york-due-to/
"In accordance with the New York State Department of Financial Services, Poloniex will no longer be allowed to provide services to residents of the State of New York"

Looks like US is banning US people too from using crypto in some areas.

[brenda76]

PLEASE SHUT THE FUCK UP. NOBODY cares about your FUD.

[RichardReMark]

...

If ICONOMI legal advisors decided that is not worth now getting into US its meaning something.
Other projects who want run it on US side will have to face same problems with US law.
Oh yea maybe Trump will change law only for them ^^ in some executive order.

Biggest crypto market is now China not US and US citizens have to leave their EGO for that knowledge ^^...
Maybe sadly but this is true...
World in no longer so dominated by US like it were 20years ago.
Which wars they won lastly ? Syria Irak Afghanistan Libia maybe war on terror - oh wait ...
Some president wanted Muslim ban ^^ yea US is winning everywere.                                                                                   
[/quote]  BURN!!! i like Trump its your only way to get some of your freedom back, mybe financial but i think the tenticle vampire squid that is goldman sacks wil suck you guys dry just like in europe. Tell your friends and familly to keep on buying ICN + bitcoin and other crypto and the squid will die!!!  Go back to gold standard and give away small part grand canyon land to native indians (becouse of pipeline give something to compensate) the rest of grand canyon (were there is no tourists) free precious metal mining for every american!!! "The canyon is a hole in the ground annyways" is something trump would say. THIS IS MY IDEA ™®.

[mtwelve]

As an American with a giant bag of ICN, I am HODLING.

As an American with a slightly smaller bag of ICN, I am HODLING.

[kobilica]

Hey FUD cunts, what stops American from buying ICN and holding it to get dividends? 

[DiCE1904]

Ended up selling my ICN good luck with the project

[electronicash]

login to my kraken account and it says

404

Page Not Found

We apologize for not finding the page you requested that may not exist or was recently moved. To find what you are looking for we recommend looking at the FAQ, Trading Guide, Support Center, API or Fees.

Founded in 2011, San Francisco-based Kraken is the largest Bitcoin exchange in euro volume and liquidity and also trading Canadian dollars, US dollars, British pounds and Japanese yen. Kraken is consistently rated the best and most secure Bitcoin exchange by independent news media. Kraken was the first Bitcoin exchange to have trading price and volume displayed on the Bloomberg Terminal, the first to pass a cryptographically verifiable proof-of-reserves audit, and is a partner in the first cryptocurrency bank. Kraken is trusted by hundreds of thousands of traders, the Tokyo government's court-appointed trustee, and Germany's BaFin regulated Fidor Bank.

wtf?

[shinratensei_]

How many confirmation to transfer ICN from ico.Iconomi.net to Kraken ?

Go to Kraken > Funding > Deposit > ICN
There they mention 30 :

30 confirmations are required before the funds are available for trading.

But depend on the hot wallet, sometimes the hot wallet is empty and need to be filled by the team and must try to contact them through email.