[ANN] ICONOMI - Fund Management Platform

[ICONOMI]

We created spreadsheet for signature bounties: https://docs.google.com/spreadsheets/d/10tRJSuPZ_mak2-mt_5bwtmIXuH4waCVWAmz3zO83cFg/edit?pref=2&pli=1#gid=0

And also for new signature participants please register via this google form: https://docs.google.com/forms/d/e/1FAIpQLSdF-XevzrABWg_Q2fg2q5CEjibfequjjEI1qSBkZyRrG4nD_A/viewform

[1713974658]

1713974658

[1713974658]

1713974658

[roguetrader]

I have a question how will other cryptocurrencies be treated (Lisk and Ethereum for example) ? Automatically shifted to BTC or will they stay in LISK and ETH? I'm asking due to price volatility and if someone invests 1000 LISK how will that be handled at the end what if price is doubled or if it goes down as well as FIAT currencies?

Will everything be converted to BTC at the time of deposit?

We'll be accepting Bitcoin, Ethereum (ETH) and Lisk. All the funds will be kept the same way as we receive them.
At the end of ICO, that is on 29th September at 20.00 CET we'll calculate value of investments in EUR and you will then you will know fixed number of ICN tokens.

The same will apply to USD deposits.

Currencies that will be accepted via Shapeshift will be converted to BTC at the time of sending them and kept in BTC>

In this case the less volatile option to deposit is EUR, right ?

[ICONOMI]

I have a question how will other cryptocurrencies be treated (Lisk and Ethereum for example) ? Automatically shifted to BTC or will they stay in LISK and ETH? I'm asking due to price volatility and if someone invests 1000 LISK how will that be handled at the end what if price is doubled or if it goes down as well as FIAT currencies?

Will everything be converted to BTC at the time of deposit?

We'll be accepting Bitcoin, Ethereum (ETH) and Lisk. All the funds will be kept the same way as we receive them.
At the end of ICO, that is on 29th September at 20.00 CET we'll calculate value of investments in EUR and you will then you will know fixed number of ICN tokens.

The same will apply to USD deposits.

Currencies that will be accepted via Shapeshift will be converted to BTC at the time of sending them and kept in BTC>

In this case the less volatile option to deposit is EUR, right ?

If you don't poses any crypto now then I would say yes.

And if you compare usd/eur then eur is the one that is not volatile. But USD can be compared to eur.

[roguetrader]

I have a question how will other cryptocurrencies be treated (Lisk and Ethereum for example) ? Automatically shifted to BTC or will they stay in LISK and ETH? I'm asking due to price volatility and if someone invests 1000 LISK how will that be handled at the end what if price is doubled or if it goes down as well as FIAT currencies?

Will everything be converted to BTC at the time of deposit?

We'll be accepting Bitcoin, Ethereum (ETH) and Lisk. All the funds will be kept the same way as we receive them.
At the end of ICO, that is on 29th September at 20.00 CET we'll calculate value of investments in EUR and you will then you will know fixed number of ICN tokens.

The same will apply to USD deposits.

Currencies that will be accepted via Shapeshift will be converted to BTC at the time of sending them and kept in BTC>

In this case the less volatile option to deposit is EUR, right ?

If you don't poses any crypto now then I would say yes.

And if you compare usd/eur then eur is the one that is not volatile. But USD can be compared to eur.

I think even if you have crypto, because you mention "At the end of ICO, that is on 29th September at 20.00 CET we'll calculate value of investments in EUR and you will then you will know fixed number of ICN tokens", because you are going to use EUR as your functional ICO currency, the only way to avoid value fluctuation (in your favor or against you) is to convert any other currency (crypto or fiat) in EUR and then deposit.
Don't you agree ?

[ICONOMI]

I have a question how will other cryptocurrencies be treated (Lisk and Ethereum for example) ? Automatically shifted to BTC or will they stay in LISK and ETH? I'm asking due to price volatility and if someone invests 1000 LISK how will that be handled at the end what if price is doubled or if it goes down as well as FIAT currencies?

Will everything be converted to BTC at the time of deposit?

We'll be accepting Bitcoin, Ethereum (ETH) and Lisk. All the funds will be kept the same way as we receive them.
At the end of ICO, that is on 29th September at 20.00 CET we'll calculate value of investments in EUR and you will then you will know fixed number of ICN tokens.

The same will apply to USD deposits.

Currencies that will be accepted via Shapeshift will be converted to BTC at the time of sending them and kept in BTC>

In this case the less volatile option to deposit is EUR, right ?

If you don't poses any crypto now then I would say yes.

And if you compare usd/eur then eur is the one that is not volatile. But USD can be compared to eur.

I think even if you have crypto, because you mention "At the end of ICO, that is on 29th September at 20.00 CET we'll calculate value of investments in EUR and you will then you will know fixed number of ICN tokens", because you are going to use EUR as your functional ICO currency, the only way to avoid value fluctuation (in your favor or against you) is to convert any other currency (crypto or fiat) in EUR and then deposit.
Don't you agree ?

Yes, you're right. However, if you deposit EUR and BTC appreciated a lot. Then relatively you get less for each EUR. And vice versa.

[Mrboot]

Hey Iconomi,

The tokens are like Equity in the company right ?

So you have lets say 100mil tokens/shares but i wonder were will those shares make profit with?

Will the be a fee that people pay or, do you gain from people the gains i dont see the business model yet might overlooked it.

Kind Regards,

[roguetrader]

I have a question how will other cryptocurrencies be treated (Lisk and Ethereum for example) ? Automatically shifted to BTC or will they stay in LISK and ETH? I'm asking due to price volatility and if someone invests 1000 LISK how will that be handled at the end what if price is doubled or if it goes down as well as FIAT currencies?

Will everything be converted to BTC at the time of deposit?

We'll be accepting Bitcoin, Ethereum (ETH) and Lisk. All the funds will be kept the same way as we receive them.
At the end of ICO, that is on 29th September at 20.00 CET we'll calculate value of investments in EUR and you will then you will know fixed number of ICN tokens.

The same will apply to USD deposits.

Currencies that will be accepted via Shapeshift will be converted to BTC at the time of sending them and kept in BTC>

In this case the less volatile option to deposit is EUR, right ?

If you don't poses any crypto now then I would say yes.

And if you compare usd/eur then eur is the one that is not volatile. But USD can be compared to eur.

I think even if you have crypto, because you mention "At the end of ICO, that is on 29th September at 20.00 CET we'll calculate value of investments in EUR and you will then you will know fixed number of ICN tokens", because you are going to use EUR as your functional ICO currency, the only way to avoid value fluctuation (in your favor or against you) is to convert any other currency (crypto or fiat) in EUR and then deposit.
Don't you agree ?

Yes, you're right. However, if you deposit EUR and BTC appreciated a lot. Then relatively you get less for each EUR. And vice versa.

Just a curiosity, why not instead of using EUR you don't use BTC or ETH as the functional ICO currency ?

[ICONOMI]

Hey Iconomi,

The tokens are like Equity in the company right ?

So you have lets say 100mil tokens/shares but i wonder were will those shares make profit with?

Will the be a fee that people pay or, do you gain from people the gains i dont see the business model yet might overlooked it.

Kind Regards,

They will effectively be shares of the company yes.

ICONOMI will be making CTFs and CMFs. Funds for outside people to easily invest into crypto. Those funds will charge maintenance and perfomance fee. Some of the fees will be used for us to operate. And the rest will be distributed as dividends to ICN (ICONOMI token) holders.

That is effectively first crypto coin that will have permanent dividend.

[Divinespark]

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.

[roguetrader]

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.

Good question, would like to understand this as well.

[Maesters1-]

the project is looking good to me but i think i still need some more time to study and understand this project, i think i will take a decision in next few days hope the project will a little more clear then.

[ICONOMI]

I have a question how will other cryptocurrencies be treated (Lisk and Ethereum for example) ? Automatically shifted to BTC or will they stay in LISK and ETH? I'm asking due to price volatility and if someone invests 1000 LISK how will that be handled at the end what if price is doubled or if it goes down as well as FIAT currencies?

Will everything be converted to BTC at the time of deposit?

We'll be accepting Bitcoin, Ethereum (ETH) and Lisk. All the funds will be kept the same way as we receive them.
At the end of ICO, that is on 29th September at 20.00 CET we'll calculate value of investments in EUR and you will then you will know fixed number of ICN tokens.

The same will apply to USD deposits.

Currencies that will be accepted via Shapeshift will be converted to BTC at the time of sending them and kept in BTC>

In this case the less volatile option to deposit is EUR, right ?

If you don't poses any crypto now then I would say yes.

And if you compare usd/eur then eur is the one that is not volatile. But USD can be compared to eur.

I think even if you have crypto, because you mention "At the end of ICO, that is on 29th September at 20.00 CET we'll calculate value of investments in EUR and you will then you will know fixed number of ICN tokens", because you are going to use EUR as your functional ICO currency, the only way to avoid value fluctuation (in your favor or against you) is to convert any other currency (crypto or fiat) in EUR and then deposit.
Don't you agree ?

Yes, you're right. However, if you deposit EUR and BTC appreciated a lot. Then relatively you get less for each EUR. And vice versa.

Just a curiosity, why not instead of using EUR you don't use BTC or ETH as the functional ICO currency ?

At the end of the day it won't make a difference to whichever currency is pegged.

Mathematically speaking ratio will be calculated among each and this one stays from whichever currency you use as base.

[Maesters1-]

SEEMS like decent idea for coin but sorry looks like usual ICO crap coin.  Until devs prove otherwise still shady.

Also sorry I NO LONGER BUY ANY ICO COIN FROM RUSSIAN OR EASTERN EURO DEVS!  To many scam and bullshit from them!

WAVES was only last option LOL.

oh poor anon is here, it means: be prepared people everything is going to be fine with this project 

yes i am hopping so, the project will be a successful and will not disappoint the people, i am thinking about to join the project.

[nezto77]

I think they will find success . because a lot of people who benefit from the project altcoin and they will definitely adopt if the developer of this coin shows the dedication and hard work .. let's see what will happen

[roguetrader]

I have a question how will other cryptocurrencies be treated (Lisk and Ethereum for example) ? Automatically shifted to BTC or will they stay in LISK and ETH? I'm asking due to price volatility and if someone invests 1000 LISK how will that be handled at the end what if price is doubled or if it goes down as well as FIAT currencies?

Will everything be converted to BTC at the time of deposit?

We'll be accepting Bitcoin, Ethereum (ETH) and Lisk. All the funds will be kept the same way as we receive them.
At the end of ICO, that is on 29th September at 20.00 CET we'll calculate value of investments in EUR and you will then you will know fixed number of ICN tokens.

The same will apply to USD deposits.

Currencies that will be accepted via Shapeshift will be converted to BTC at the time of sending them and kept in BTC>

In this case the less volatile option to deposit is EUR, right ?

If you don't poses any crypto now then I would say yes.

And if you compare usd/eur then eur is the one that is not volatile. But USD can be compared to eur.

I think even if you have crypto, because you mention "At the end of ICO, that is on 29th September at 20.00 CET we'll calculate value of investments in EUR and you will then you will know fixed number of ICN tokens", because you are going to use EUR as your functional ICO currency, the only way to avoid value fluctuation (in your favor or against you) is to convert any other currency (crypto or fiat) in EUR and then deposit.
Don't you agree ?

Yes, you're right. However, if you deposit EUR and BTC appreciated a lot. Then relatively you get less for each EUR. And vice versa.

Just a curiosity, why not instead of using EUR you don't use BTC or ETH as the functional ICO currency ?

At the end of the day it won't make a difference to whichever currency is pegged.

Mathematically speaking ratio will be calculated among each and this one stays from whichever currency you use as base.

Yeah i agree that in math it won't make a difference.
The only way to avoid the volatility would be to you convert right away all the non-EUR deposits to EUR, and not waiting 1 month to do this, is this viable operationally ?
The way i see it i am very comfortable on taking the platform risk, but i would be very pis... to invest 5BTC @ 515 EURBTC quote and get it converted 1 month later lets say @ 412 EURBTC (-10%), i understand that it also can go up and it get converted better, but the optionality here is still negative in terms of risk.
  
  

[ICONOMI]

I have a question how will other cryptocurrencies be treated (Lisk and Ethereum for example) ? Automatically shifted to BTC or will they stay in LISK and ETH? I'm asking due to price volatility and if someone invests 1000 LISK how will that be handled at the end what if price is doubled or if it goes down as well as FIAT currencies?

Will everything be converted to BTC at the time of deposit?

We'll be accepting Bitcoin, Ethereum (ETH) and Lisk. All the funds will be kept the same way as we receive them.
At the end of ICO, that is on 29th September at 20.00 CET we'll calculate value of investments in EUR and you will then you will know fixed number of ICN tokens.

The same will apply to USD deposits.

Currencies that will be accepted via Shapeshift will be converted to BTC at the time of sending them and kept in BTC>

In this case the less volatile option to deposit is EUR, right ?

If you don't poses any crypto now then I would say yes.

And if you compare usd/eur then eur is the one that is not volatile. But USD can be compared to eur.

I think even if you have crypto, because you mention "At the end of ICO, that is on 29th September at 20.00 CET we'll calculate value of investments in EUR and you will then you will know fixed number of ICN tokens", because you are going to use EUR as your functional ICO currency, the only way to avoid value fluctuation (in your favor or against you) is to convert any other currency (crypto or fiat) in EUR and then deposit.
Don't you agree ?

Yes, you're right. However, if you deposit EUR and BTC appreciated a lot. Then relatively you get less for each EUR. And vice versa.

Just a curiosity, why not instead of using EUR you don't use BTC or ETH as the functional ICO currency ?

At the end of the day it won't make a difference to whichever currency is pegged.

Mathematically speaking ratio will be calculated among each and this one stays from whichever currency you use as base.

Yeah i agree that in math it won't make a difference.
The only way to avoid the volatility would be to you convert right away all the non-EUR deposits to EUR, and not waiting 1 month to do this, is this viable operationally ?
The way i see it i am very comfortable on taking the platform risk, but i would be very pis... to invest 5BTC @ 515 EURBTC quote and get it converted 1 month later lets say @ 412 EURBTC (-10%), i understand that it also can go up and it get converted better, but the optionality here is still negative in terms of risk.
  
  

In that case it is best to participate strictly in EUR or USD. Whichever is closer to your national currency in which you make money or keep your savings.

We can not convert straight to EUR right away, because in case we'd need to refund people they need to receive back exactly what they put in. The only exception (but here currencies do not swing up and down that much) is if you send fiat that is not EUR or USD. In case that you for example send TRY, those TRY will be converted to EUR and if we'd need to refund we would convert it back to TRY on the day of refunding and send it back - without any extra costs for you.

[roguetrader]

I have a question how will other cryptocurrencies be treated (Lisk and Ethereum for example) ? Automatically shifted to BTC or will they stay in LISK and ETH? I'm asking due to price volatility and if someone invests 1000 LISK how will that be handled at the end what if price is doubled or if it goes down as well as FIAT currencies?

Will everything be converted to BTC at the time of deposit?

We'll be accepting Bitcoin, Ethereum (ETH) and Lisk. All the funds will be kept the same way as we receive them.
At the end of ICO, that is on 29th September at 20.00 CET we'll calculate value of investments in EUR and you will then you will know fixed number of ICN tokens.

The same will apply to USD deposits.

Currencies that will be accepted via Shapeshift will be converted to BTC at the time of sending them and kept in BTC>

In this case the less volatile option to deposit is EUR, right ?

If you don't poses any crypto now then I would say yes.

And if you compare usd/eur then eur is the one that is not volatile. But USD can be compared to eur.

I think even if you have crypto, because you mention "At the end of ICO, that is on 29th September at 20.00 CET we'll calculate value of investments in EUR and you will then you will know fixed number of ICN tokens", because you are going to use EUR as your functional ICO currency, the only way to avoid value fluctuation (in your favor or against you) is to convert any other currency (crypto or fiat) in EUR and then deposit.
Don't you agree ?

Yes, you're right. However, if you deposit EUR and BTC appreciated a lot. Then relatively you get less for each EUR. And vice versa.

Just a curiosity, why not instead of using EUR you don't use BTC or ETH as the functional ICO currency ?

At the end of the day it won't make a difference to whichever currency is pegged.

Mathematically speaking ratio will be calculated among each and this one stays from whichever currency you use as base.

Yeah i agree that in math it won't make a difference.
The only way to avoid the volatility would be to you convert right away all the non-EUR deposits to EUR, and not waiting 1 month to do this, is this viable operationally ?
The way i see it i am very comfortable on taking the platform risk, but i would be very pis... to invest 5BTC @ 515 EURBTC quote and get it converted 1 month later lets say @ 412 EURBTC (-10%), i understand that it also can go up and it get converted better, but the optionality here is still negative in terms of risk.
  
  

In that case it is best to participate strictly in EUR or USD. Whichever is closer to your national currency in which you make money or keep your savings.

We can not convert straight to EUR right away, because in case we'd need to refund people they need to receive back exactly what they put in. The only exception (but here currencies do not swing up and down that much) is if you send fiat that is not EUR or USD. In case that you for example send TRY, those TRY will be converted to EUR and if we'd need to refund we would convert it back to TRY on the day of refunding and send it back - without any extra costs for you.

I see your point, i have the 5 BTC ready, will try to decide if i am converting it to EUR and deposit or deposit the 5 BTC and take the risk ... also i could hedge going short 5 BTC/EUR or BTCUSD in a exchange.

[ICONOMI]

I have a question how will other cryptocurrencies be treated (Lisk and Ethereum for example) ? Automatically shifted to BTC or will they stay in LISK and ETH? I'm asking due to price volatility and if someone invests 1000 LISK how will that be handled at the end what if price is doubled or if it goes down as well as FIAT currencies?

Will everything be converted to BTC at the time of deposit?

We'll be accepting Bitcoin, Ethereum (ETH) and Lisk. All the funds will be kept the same way as we receive them.
At the end of ICO, that is on 29th September at 20.00 CET we'll calculate value of investments in EUR and you will then you will know fixed number of ICN tokens.

The same will apply to USD deposits.

Currencies that will be accepted via Shapeshift will be converted to BTC at the time of sending them and kept in BTC>

In this case the less volatile option to deposit is EUR, right ?

If you don't poses any crypto now then I would say yes.

And if you compare usd/eur then eur is the one that is not volatile. But USD can be compared to eur.

I think even if you have crypto, because you mention "At the end of ICO, that is on 29th September at 20.00 CET we'll calculate value of investments in EUR and you will then you will know fixed number of ICN tokens", because you are going to use EUR as your functional ICO currency, the only way to avoid value fluctuation (in your favor or against you) is to convert any other currency (crypto or fiat) in EUR and then deposit.
Don't you agree ?

Yes, you're right. However, if you deposit EUR and BTC appreciated a lot. Then relatively you get less for each EUR. And vice versa.

Just a curiosity, why not instead of using EUR you don't use BTC or ETH as the functional ICO currency ?

At the end of the day it won't make a difference to whichever currency is pegged.

Mathematically speaking ratio will be calculated among each and this one stays from whichever currency you use as base.

Yeah i agree that in math it won't make a difference.
The only way to avoid the volatility would be to you convert right away all the non-EUR deposits to EUR, and not waiting 1 month to do this, is this viable operationally ?
The way i see it i am very comfortable on taking the platform risk, but i would be very pis... to invest 5BTC @ 515 EURBTC quote and get it converted 1 month later lets say @ 412 EURBTC (-10%), i understand that it also can go up and it get converted better, but the optionality here is still negative in terms of risk.
  
  

In that case it is best to participate strictly in EUR or USD. Whichever is closer to your national currency in which you make money or keep your savings.

We can not convert straight to EUR right away, because in case we'd need to refund people they need to receive back exactly what they put in. The only exception (but here currencies do not swing up and down that much) is if you send fiat that is not EUR or USD. In case that you for example send TRY, those TRY will be converted to EUR and if we'd need to refund we would convert it back to TRY on the day of refunding and send it back - without any extra costs for you.

I see your point, i have the 5 BTC ready, will try to decide if i am converting it to EUR and deposit or deposit the 5 BTC and take the risk ... also i could hedge going short 5 BTC/EUR or BTCUSD in a exchange.

Plenty of options here yup.

In case you decide to go in converting 5 BTC into EUR you can create an account on Cashila - service we run. And let me know your email and I'll give you zero fee there for that transaction.

[disconnectme]

I have a question how will other cryptocurrencies be treated (Lisk and Ethereum for example) ? Automatically shifted to BTC or will they stay in LISK and ETH? I'm asking due to price volatility and if someone invests 1000 LISK how will that be handled at the end what if price is doubled or if it goes down as well as FIAT currencies?

Will everything be converted to BTC at the time of deposit?

We'll be accepting Bitcoin, Ethereum (ETH) and Lisk. All the funds will be kept the same way as we receive them.
At the end of ICO, that is on 29th September at 20.00 CET we'll calculate value of investments in EUR and you will then you will know fixed number of ICN tokens.

The same will apply to USD deposits.

Currencies that will be accepted via Shapeshift will be converted to BTC at the time of sending them and kept in BTC>

In this case the less volatile option to deposit is EUR, right ?

If you don't poses any crypto now then I would say yes.

And if you compare usd/eur then eur is the one that is not volatile. But USD can be compared to eur.

I think even if you have crypto, because you mention "At the end of ICO, that is on 29th September at 20.00 CET we'll calculate value of investments in EUR and you will then you will know fixed number of ICN tokens", because you are going to use EUR as your functional ICO currency, the only way to avoid value fluctuation (in your favor or against you) is to convert any other currency (crypto or fiat) in EUR and then deposit.
Don't you agree ?

Yes, you're right. However, if you deposit EUR and BTC appreciated a lot. Then relatively you get less for each EUR. And vice versa.

Just a curiosity, why not instead of using EUR you don't use BTC or ETH as the functional ICO currency ?

If they want to stay in cryptoworld which I believe they would because they are issuing tokens, and these tokens are going to be valued in terms of BTC on most exchanges, It is better to use Bitcoin because that is what most traders of Altcoin use

[roguetrader]

I have a question how will other cryptocurrencies be treated (Lisk and Ethereum for example) ? Automatically shifted to BTC or will they stay in LISK and ETH? I'm asking due to price volatility and if someone invests 1000 LISK how will that be handled at the end what if price is doubled or if it goes down as well as FIAT currencies?

Will everything be converted to BTC at the time of deposit?

We'll be accepting Bitcoin, Ethereum (ETH) and Lisk. All the funds will be kept the same way as we receive them.
At the end of ICO, that is on 29th September at 20.00 CET we'll calculate value of investments in EUR and you will then you will know fixed number of ICN tokens.

The same will apply to USD deposits.

Currencies that will be accepted via Shapeshift will be converted to BTC at the time of sending them and kept in BTC>

In this case the less volatile option to deposit is EUR, right ?

If you don't poses any crypto now then I would say yes.

And if you compare usd/eur then eur is the one that is not volatile. But USD can be compared to eur.

I think even if you have crypto, because you mention "At the end of ICO, that is on 29th September at 20.00 CET we'll calculate value of investments in EUR and you will then you will know fixed number of ICN tokens", because you are going to use EUR as your functional ICO currency, the only way to avoid value fluctuation (in your favor or against you) is to convert any other currency (crypto or fiat) in EUR and then deposit.
Don't you agree ?

Yes, you're right. However, if you deposit EUR and BTC appreciated a lot. Then relatively you get less for each EUR. And vice versa.

Just a curiosity, why not instead of using EUR you don't use BTC or ETH as the functional ICO currency ?

At the end of the day it won't make a difference to whichever currency is pegged.

Mathematically speaking ratio will be calculated among each and this one stays from whichever currency you use as base.

Yeah i agree that in math it won't make a difference.
The only way to avoid the volatility would be to you convert right away all the non-EUR deposits to EUR, and not waiting 1 month to do this, is this viable operationally ?
The way i see it i am very comfortable on taking the platform risk, but i would be very pis... to invest 5BTC @ 515 EURBTC quote and get it converted 1 month later lets say @ 412 EURBTC (-10%), i understand that it also can go up and it get converted better, but the optionality here is still negative in terms of risk.
  
  

In that case it is best to participate strictly in EUR or USD. Whichever is closer to your national currency in which you make money or keep your savings.

We can not convert straight to EUR right away, because in case we'd need to refund people they need to receive back exactly what they put in. The only exception (but here currencies do not swing up and down that much) is if you send fiat that is not EUR or USD. In case that you for example send TRY, those TRY will be converted to EUR and if we'd need to refund we would convert it back to TRY on the day of refunding and send it back - without any extra costs for you.

I see your point, i have the 5 BTC ready, will try to decide if i am converting it to EUR and deposit or deposit the 5 BTC and take the risk ... also i could hedge going short 5 BTC/EUR or BTCUSD in a exchange.

Plenty of options here yup.

In case you decide to go in converting 5 BTC into EUR you can create an account on Cashila - service we run. And let me know your email and I'll give you zero fee there for that transaction.

Nice thanks