[ANN] ICONOMI - Fund Management Platform

[MrPresident]

The entire crypto-market actually went flat during the last couple days of the ICO... I think that's more than just a coincidence.
The market is literally saturated in ico's... if it wasn't; the Iconomi ico would have reached the 21k BTC cap imho. This reminds me of the dotcom bubble days.

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[vasdav]

Iconomi is using average coinmarketcap lisk price from last 72 hours of ico to calculate stakes

https://medium.com/iconominet/token-share-calculation-affd1c96c482#.a7oa5dai7

They probably haven't updated the calculator on ico.iconomi.net with the ~0.000393 BTC price yet

This is true? Can we see the official comment about this?

If you are referring to blog post, then this is the official statement. The guy who wrote it, Jani Valjavec, is CO-FOUNDER of Iconomi ICO.

then why is the quantity of my ICN decreases after today's decrease in value of the LSK?

[MrPresident]

then why is the quantity of my ICN decreases after today's decrease in value of the LSK?

... because bank transfers have a few days left...

A 2 million dollar tx could show up and spoil all our numbers hehe

[MoveCrypto]

Iconomi is using average coinmarketcap lisk price from last 72 hours of ico to calculate stakes

https://medium.com/iconominet/token-share-calculation-affd1c96c482#.a7oa5dai7

They probably haven't updated the calculator on ico.iconomi.net with the ~0.000393 BTC price yet

This is true? Can we see the official comment about this?

If you are referring to blog post, then this is the official statement. The guy who wrote it, Jani Valjavec, is CO-FOUNDER of Iconomi ICO.

then why is the quantity of my ICN decreases after today's decrease in value of the LSK?

Because they probably haven't updated the calculator on ico.iconomi.net with these calculations yet:
https://medium.com/iconominet/token-share-calculation-affd1c96c482#.a7oa5dai7

[vasdav]

then why is the quantity of my ICN decreases after today's decrease in value of the LSK?

... because bank transfers have a few days left

No! Because quantity of my ICN invested in BTC increased and conversely decreased in LSK:


Yeaterday



Today

[MrPresident]

then why is the quantity of my ICN decreases after today's decrease in value of the LSK?

... because bank transfers have a few days left

No! Because quantity of my ICN invested in BTC increased and decreased in LSK:


Yeaterday



Today

Look at "the big picture"...
well, yes because bitcoin spiked...



...while lisk took a nosedive...



... and days left on bank tx.

While week one 15% bonus Bitcoiners make out the best here...

[vasdav]

then why is the quantity of my ICN decreases after today's decrease in value of the LSK?

... because bank transfers have a few days left

No! Because quantity of my ICN invested in BTC increased and decreased in LSK:

Look at "the big picture"...
well, yes because bitcoin spiked...

...while lisk took a nosedive...

But why??? Why if Iconomi is using average coinmarketcap price from last 72 hours of ico??
I don't understand!
This is fucking bullshit!

[p4xil]

then why is the quantity of my ICN decreases after today's decrease in value of the LSK?

... because bank transfers have a few days left

No! Because quantity of my ICN invested in BTC increased and decreased in LSK:

Look at "the big picture"...
well, yes because bitcoin spiked...

...while lisk took a nosedive...

... and days left on bank tx.

But why??? Why if Iconomi is using average coinmarketcap price from last 72 hours of ico??

BECAUSE THEY HAVEN'T MADE THE CALCULATIONS YET! Price is still connected to live market.
I guess it will be done, after they close all wire transactions.

Now chill out and drink a glass of milk or something.

[kampretkabur]

then why is the quantity of my ICN decreases after today's decrease in value of the LSK?

... because bank transfers have a few days left

No! Because quantity of my ICN invested in BTC increased and decreased in LSK:

Look at "the big picture"...
well, yes because bitcoin spiked...

...while lisk took a nosedive...

... and days left on bank tx.

But why??? Why if Iconomi is using average coinmarketcap price from last 72 hours of ico??

BECAUSE THEY HAVEN'T MADE THE CALCULATIONS YET! Price is still connected to live market.
I guess it will be done, after they close all wire transactions.

Now chill out and drink a glass of milk or something.

Thats the most possible thing here, they are still connected to live market and have not make a final calculation

[vasdav]

then why is the quantity of my ICN decreases after today's decrease in value of the LSK?

... because bank transfers have a few days left

No! Because quantity of my ICN invested in BTC increased and decreased in LSK:

Look at "the big picture"...
well, yes because bitcoin spiked...

...while lisk took a nosedive...

... and days left on bank tx.

But why??? Why if Iconomi is using average coinmarketcap price from last 72 hours of ico??

BECAUSE THEY HAVEN'T MADE THE CALCULATIONS YET! Price is still connected to live market.
I guess it will be done, after they close all wire transactions.

Now chill out and drink a glass of milk or something.

I hope you are right

[MrPresident]

I think it's super nice to have the "total $ amount" there live to estimate the total current value of what was collected....
everyone has a record of what the prices were during the last 72 hours on coinmarketcap... calcs simply cannot be done untill bank tx are done.

[honolulumark]

I hope you are right

hope they don't fuck us over, Lisk is in a freefall right now, it's possibly heading to sub ICO prices and a 5-7 million cap.

[ICONOMI]

I hope you are right

hope they don't fuck us over, Lisk is in a freefall right now, it's possibly heading to sub ICO prices and a 5-7 million cap.

We're not gonna f*** anyone over.

This is the formula we'll use to calculate ICNs: https://medium.com/iconominet/token-share-calculation-affd1c96c482

What is happening with price of coins (BTC/ETH/LSK) after ICO is totally irrelevant. Because we're looking at the average of last 72hours of our ICO. Lisk can now go down to zero or up into triple digits range or higher. You will still receive same amount of ICN if you invested with LSK.

[MoveCrypto]

I hope you are right

hope they don't fuck us over, Lisk is in a freefall right now, it's possibly heading to sub ICO prices and a 5-7 million cap.

We're not gonna f*** anyone over.

These guys are dedicated.  We're going to see significant gains folks.

[mamichula]

Let's take a look at how some other ethereum tokens are doing:

DigixDAO:
- sold out $5.5 million in 12 hours
- market cap went up to $31 million one month after crowdsale

Firstblood:
- sold out $5.5 million in 10 seconds
- market cap is up to $9.4 million 6 days later

SingularDTV:
- sold out $7.5 million in 15 minutes
- market cap is up to ~$31 million a few hours later

Ethereum tokens are hot right now.  Iconomi is in for even better gains than these other projects because it's the most practical concept.  They do a good job managing peoples' funds, make profits trading, pay dividends, attract investors from fiat world to crypto.  No waiting months for complex coding for a revolutionary concept that may struggle with adoption here.

I'm not selling even when this goes +2000%.  My ICN will be sitting in cold storage, and I'll just be using the ETH dividends for trading and investing for years to come.

SingularDTV is already at the exchanges? ICO was today.

[mamichula]

Let's take a look at how some other ethereum tokens are doing:

DigixDAO:
- sold out $5.5 million in 12 hours
- market cap went up to $31 million one month after crowdsale

Firstblood:
- sold out $5.5 million in 10 seconds
- market cap is up to $9.4 million 6 days later

SingularDTV:
- sold out $7.5 million in 15 minutes
- market cap is up to ~$31 million a few hours later

Ethereum tokens are hot right now.  Iconomi is in for even better gains than these other projects because it's the most practical concept.  They do a good job managing peoples' funds, make profits trading, pay dividends, attract investors from fiat world to crypto.  No waiting months for complex coding for a revolutionary concept that may struggle with adoption here.

I'm not selling even when this goes +2000%.  My ICN will be sitting in cold storage, and I'll just be using the ETH dividends for trading and investing for years to come.

SingularDTV is already at the exchanges? ICO was today.

https://bittrex.com/Market/Index?MarketName=BTC-SNGLS

6.2 BTC of buys at ~$31 million market cap valuation

Have to give it a bit more time to see where market cap settles

So the coins have been distributed or are those IOUs?

[mamichula]

Let's take a look at how some other ethereum tokens are doing:

DigixDAO:
- sold out $5.5 million in 12 hours
- market cap went up to $31 million one month after crowdsale

Firstblood:
- sold out $5.5 million in 10 seconds
- market cap is up to $9.4 million 6 days later

SingularDTV:
- sold out $7.5 million in 15 minutes
- market cap is up to ~$31 million a few hours later

Ethereum tokens are hot right now.  Iconomi is in for even better gains than these other projects because it's the most practical concept.  They do a good job managing peoples' funds, make profits trading, pay dividends, attract investors from fiat world to crypto.  No waiting months for complex coding for a revolutionary concept that may struggle with adoption here.

I'm not selling even when this goes +2000%.  My ICN will be sitting in cold storage, and I'll just be using the ETH dividends for trading and investing for years to come.

SingularDTV is already at the exchanges? ICO was today.

https://bittrex.com/Market/Index?MarketName=BTC-SNGLS

6.2 BTC of buys at ~$31 million market cap valuation

Have to give it a bit more time to see where market cap settles

So the coins have been distributed or are those IOUs?

The tokens were instantly distributed to the ETH addresses which sent ETH into the SNGLS smart contract

https://etherscan.io/token/SNGLS#balances

Oh ok, I see. I'm not used to Ethereum so I was a little confused.

[mamichula]

Funny, I just read that in the last 15 years enough Ethernet cables have been laid out to go to Pluto 7 times. And I imagined making an Ethernet cable that long, connecting it to a rocket and sending it off to Pluto and be wired that way. And then I saw your picture. The problem is that planets move at an incredible speed.

[electronicash]

I hope you are right

hope they don't fuck us over, Lisk is in a freefall right now, it's possibly heading to sub ICO prices and a 5-7 million cap.

We're not gonna f*** anyone over.

This is the formula we'll use to calculate ICNs: https://medium.com/iconominet/token-share-calculation-affd1c96c482

What is happening with price of coins (BTC/ETH/LSK) after ICO is totally irrelevant. Because we're looking at the average of last 72hours of our ICO. Lisk can now go down to zero or up into triple digits range or higher. You will still receive same amount of ICN if you invested with LSK.

I can understand price to go down actually. Its very normal as people will be dumping it. What i would like to see however is the full transparency and follow the roadmap timeline. Now if we see some price increase in the later months as expected due to its feature then its a success

[barnes13]

It's been about 4 days after ICO is finished, but I look at the list of blog post many are not yet in a review they are accept or not
when the rest of the blog post that has not been in review will know the result (accepted or not)?