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Trade_BTC
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September 30, 2016, 03:47:09 AM |
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Their team is so big that the funding will be split alot hopefully it's enough to keep us invested in profit.
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"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
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MoveCrypto
Sr. Member
 Offline
Activity: 364
Merit: 250
move that crypto
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September 30, 2016, 03:49:43 AM |
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Ok, time for some maths:
Total invested (so far after closed ICO): 10,254,276.64$ /85,000,000 ICN = 0.1206$
Why are you dividing the total sum raised by 85,000,000? the 15% of ownership that will be retained by the core dev team will come out of the total sum raised as well. Um, that ain't how it works. The devs agree to mint 100M tokens. The total collected during the ICO pays for only 85M ICN tokens of that 100M total to be distributed among investors. The presumed market cap is bumped up to cover the remaining 15M ICN. So ICONOMI raised $10.25M in their ICO and goes to the exchange with a presumed market cap of $10.25M / 0.85 = $12M. Starting fair price on the exchange is $12M / 100M ICN = 0.12 USD per ICN. With BTC at $605 USD each, the ICN price equivalently is 0.12 / 605 = 0.0002 (approx.) BTC per ICN or 20K satoshi each. The devs get $10.25M in cash to spend in their operations AND ownership of 15M ICN tokens as their founder reward that is their personal property. Their personal reward is separate from their operating expenses. I think your explanation somehow contradict the previous blog post regarding ICO bounties. No mention of 15M ICN will go to the founders. Instead 2% (2 million ICN) of 100 million shall be reserve for bounties which means a total of 98 million ICN will be distributed to all ICO investors. https://medium.com/iconominet/ico-bounties-ea2922888b85#.6dwysf8mk85MM of genesis block goes to ico investors. The remaining 15MM of genesis block goes to dev team, and dev team takes 2MM out of that to send to bounty people |
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nyteo
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September 30, 2016, 03:52:44 AM |
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can not WD my coin?
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SikatBray
Member
Offline
Activity: 60
Merit: 10
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September 30, 2016, 04:15:51 AM |
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can not WD my coin?
Where you would Withdrawal this?  market still prepare for this. |
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muchoman
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September 30, 2016, 04:25:10 AM |
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can not WD my coin?
Patience, ico has barely ended. |
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poetra2501
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September 30, 2016, 04:38:49 AM |
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I think, Hold this coin is better than to withdraw, because, i believe the price this coin will be up and high after coming into the list exchange like Poloniex or Bittrex.
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arcanaaerobics
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September 30, 2016, 04:50:47 AM |
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I think, Hold this coin is better than to withdraw, because, i believe the price this coin will be up and high after coming into the list exchange like Poloniex or Bittrex.
Same here, I'll hold to get something like 10x of ROI... Hope it can reach 10x in less than 2 years  |
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rolik2001
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September 30, 2016, 04:54:30 AM |
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I think, Hold this coin is better than to withdraw, because, i believe the price this coin will be up and high after coming into the list exchange like Poloniex or Bittrex.
i think will be 10x. Now is on liqui https://liqui.io/ already 2x |
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thegreatestpotato
Newbie
Offline
Activity: 23
Merit: 0
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September 30, 2016, 05:04:31 AM |
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I read some posts about this coin being listed on Kraken sometime soon.
Is this official news ? Can somebody point me to some Exchange listing announcements from ICONOMI team ?
And this forum is quite active. I have a question. At What price do you guys think ICN will be traded at 6 months from now? Please provide a short reasoning for your price guess.
Thanks in advance.
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jacaf01
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September 30, 2016, 05:06:32 AM |
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Nice campaign guys, I know alot of flippers we want to take profit and flip into another ICO
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Jengo
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September 30, 2016, 05:08:34 AM |
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I think, Hold this coin is better than to withdraw, because, i believe the price this coin will be up and high after coming into the list exchange like Poloniex or Bittrex.
Same here, I'll hold to get something like 10x of ROI... Hope it can reach 10x in less than 2 years x10 in 2 years? Are you kidding? In two years this could be more than x2000 worth. |
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weilichesbin
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September 30, 2016, 05:17:22 AM |
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All of you which dont got any ICN can buy at Liqui. I think the Price is great. If ICN arrive a big Exchange like Polo than the Price will explode at the first day. I think Liqui is a good change now to get cheap TOKENS
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honolulumark
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September 30, 2016, 05:28:42 AM |
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wait till they pay the first dividends out and this thing will easily explode to 2x Steem exploded too, $600m cap easily.  |
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andreibi
Legendary
Offline
Activity: 1647
Merit: 1012
Practising Hebrew before visiting Israel
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September 30, 2016, 05:33:16 AM |
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wait till they pay the first dividends out and this thing will easily explode to 2x Steem exploded too, $600m cap easily. hodl  |
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Axente
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September 30, 2016, 05:34:59 AM |
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wait till they pay the first dividends out and this thing will easily explode to 2x Steem exploded too, $600m cap easily. hodl Invest MOAR and HODL |
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Medow
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September 30, 2016, 05:38:01 AM |
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All of you which dont got any ICN can buy at Liqui. I think the Price is great. If ICN arrive a big Exchange like Polo than the Price will explode at the first day. I think Liqui is a good change now to get cheap TOKENS
Please stop promoting liqui I am not saying if its legit or scam but in this situation when there is tension all around and we all are guessing the price and the release of ICN please don't promote thing that does not make sense. How can someone sell ICN when they are not even released ? what if they later back away and don't give ? since its just bidding I think, anyways please STOP promoting for now. |
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damnMscollec
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September 30, 2016, 05:39:30 AM |
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All of you which dont got any ICN can buy at Liqui. I think the Price is great. If ICN arrive a big Exchange like Polo than the Price will explode at the first day. I think Liqui is a good change now to get cheap TOKENS
Please stop promoting liqui I am not saying if its legit or scam but in this situation when there is tension all around and we all are guessing the price and the release of ICN please don't promote thing that does not make sense. How can someone sell ICN when they are not even released ? what if they later back away and don't give ? since its just bidding I think, anyways please STOP promoting for now. He is a liqui exchange shill, all of his posts are liqui IOU trading. Just ignore that liar. |
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weilichesbin
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September 30, 2016, 05:42:42 AM |
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All of you which dont got any ICN can buy at Liqui. I think the Price is great. If ICN arrive a big Exchange like Polo than the Price will explode at the first day. I think Liqui is a good change now to get cheap TOKENS
Please stop promoting liqui I am not saying if its legit or scam but in this situation when there is tension all around and we all are guessing the price and the release of ICN please don't promote thing that does not make sense. How can someone sell ICN when they are not even released ? what if they later back away and don't give ? since its just bidding I think, anyways please STOP promoting for now. He is a liqui exchange shill, all of his posts are liqui IOU trading. Just ignore that liar. I am not a Liqui shill. I am only a investor and i make good money with DCT on Liqui and now you can see the Price exploding of ICN. For a lot of people LIQUI is now the only chance to get ceap tokens after the ICO. I think in 10 Days the Price will explode and no one will be able to buy cheap tokens fast on a big exchange. |
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jstern
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September 30, 2016, 05:47:54 AM |
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I think, Hold this coin is better than to withdraw, because, i believe the price this coin will be up and high after coming into the list exchange like Poloniex or Bittrex.
Same here, I'll hold to get something like 10x of ROI... Hope it can reach 10x in less than 2 years x10 in 2 years? Are you kidding? In two years this could be more than x2000 worth. That's 20 billion dollars. Bitcoin is at 10 billion, and nothing is going to over take it. |
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drnash85
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September 30, 2016, 05:51:15 AM |
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I think, Hold this coin is better than to withdraw, because, i believe the price this coin will be up and high after coming into the list exchange like Poloniex or Bittrex.
Same here, I'll hold to get something like 10x of ROI... Hope it can reach 10x in less than 2 years x10 in 2 years? Are you kidding? In two years this could be more than x2000 worth. That's 20 billion dollars. Bitcoin is at 10 billion, and nothing is going to over take it. A fund management company can surpass Bitcoin by Billions. |
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