[ANN] ICONOMI - Fund Management Platform

[Xtrata]

Iconomi Crashing on IOU Trading.

Might it be the Hack or which Info?

IOU Trading, who cares?

[1714623756]

1714623756

[1714623756]

1714623756

[weilichesbin]

Iconomi Crashing on IOU Trading.

Might it be the Hack or which Info?

IOU Trading, who cares?

Who cares?
Iconomi´´s first Exchange will be Liqui next week you stupid hump

[BitPotus]

I really wish that the user Weilichesbin would be nuked with Red Trust and banned from Bitcointalk.

He is forever spreading FUD and trying to promote his stupid exchange.

[Xtrata]

Iconomi Crashing on IOU Trading.

Might it be the Hack or which Info?

IOU Trading, who cares?

Who cares?
Iconomi´´s first Exchange will be Liqui next week you stupid hump

Still IOU Trading, again who cares? I take that you care because you lost money you "stupid hump"  

[weilichesbin]

Iconomi Crashing on IOU Trading.

Might it be the Hack or which Info?

IOU Trading, who cares?

Who cares?
Iconomi´´s first Exchange will be Liqui next week you stupid hump

Still IOU Trading, again who cares? I take that you care because you lost money you "stupid hump"  

I really lost a lot of money. I dont know how i can buy my food today. Fuck. Shit IOU Trading.

[ICONOMI]

I hope they get this fixed within the next 5 days or ICN may need delay launch until the chain stabilizes.  
if nobody can even create a contract until it's fixed by another hardfork update this could get serious.
As it stands, right now, an exchange couldn't add ICN or ANY Ethereum token if they wanted to.

Even lisk is more stable than this... I run and maintain dozen public Lisk api's, and can't get a single Ethereum contract to register after switching to Parity and re-syncing this is scary. Two dozen coin ecosystems are effected by this. By the looks of it, They have the fork hot-fix but are hesitating to publish it. With any luck he listens to Gavin, and pulls the trigger. Fingers crossed.

Nice one. And we just had discussion in the office about that.

We'll be ready to launch ICN. But if it turns out that network is not stable and substantial amount of people is left with unsynced blockchain (it means also exchange could have issue with it) we will communicate that and delay launch.

We wanna make sure that we start with the launch at in advance communicated time (technically that will be certain block height) and where anyone can sync blockchain. That is the only way to make sure everyone have equal opportunities to access and transfer ICN to exchanges. We wanna make start of the race fair to all.

[rapazev]

I hope they get this fixed within the next 5 days or ICN may need delay launch until the chain stabilizes.  
if nobody can even create a contract until it's fixed by another hardfork update this could get serious.
As it stands, right now, an exchange couldn't add ICN or ANY Ethereum token if they wanted to.

Even lisk is more stable than this... I run and maintain dozen public Lisk api's, and can't get a single Ethereum contract to register after switching to Parity and re-syncing this is scary. Two dozen coin ecosystems are effected by this. By the looks of it, They have the fork hot-fix but are hesitating to publish it. With any luck he listens to Gavin, and pulls the trigger. Fingers crossed.

Nice one. And we just had discussion in the office about that.

We'll be ready to launch ICN. But if it turns out that network is not stable and substantial amount of people is left with unsynced blockchain (it means also exchange could have issue with it) we will communicate that and delay launch.

We wanna make sure that we start with the launch at in advance communicated time (technically that will be certain block height) and where anyone can sync blockchain. That is the only way to make sure everyone have equal opportunities to access and transfer ICN to exchanges. We wanna make start of the race fair to all.

good to know! i can live with a little delay. Just make sure everything will be smooth at launch.
keep up with the good work guys

[weilichesbin]

I hope they get this fixed within the next 5 days or ICN may need delay launch until the chain stabilizes.  
if nobody can even create a contract until it's fixed by another hardfork update this could get serious.
As it stands, right now, an exchange couldn't add ICN or ANY Ethereum token if they wanted to.

Even lisk is more stable than this... I run and maintain dozen public Lisk api's, and can't get a single Ethereum contract to register after switching to Parity and re-syncing this is scary. Two dozen coin ecosystems are effected by this. By the looks of it, They have the fork hot-fix but are hesitating to publish it. With any luck he listens to Gavin, and pulls the trigger. Fingers crossed.

Nice one. And we just had discussion in the office about that.

We'll be ready to launch ICN. But if it turns out that network is not stable and substantial amount of people is left with unsynced blockchain (it means also exchange could have issue with it) we will communicate that and delay launch.

We wanna make sure that we start with the launch at in advance communicated time (technically that will be certain block height) and where anyone can sync blockchain. That is the only way to make sure everyone have equal opportunities to access and transfer ICN to exchanges. We wanna make start of the race fair to all.

good to know! i can live with a little delay. Just make sure everything will be smooth at launch.
keep up with the good work guys

A little DDOS kill the complete Network? And this Project has so much Value... should i laugh?
Now i know why the price is crashing on Liqui

[ICONOMI]

Right now we are:
- 2 cofounders + an advisor basically on close to same level of dedication as us two
- 4 developers. 2 more onboarding right now
- 1 designer being onboarded right now as well
- 1 legal
- 1 product guy coming from Berlin on 16th October
- 2 in communications / marketing
- 1 financial guy

The thing is, that we started hiring before ICO ended as well as looking for new office space to rent. And we were actually warming people that were able to join right now almost since the beginning of this year. All that because if we would start with all that right now, we wouldn't be able to have team as of right now before year ends. You can't get A+ players right off the shelf in a week to say.

How long to burn the funds I can't say right now. Could be that legal is something we'll have to pay a lot for. I would say we are good for at least 5years (that would be $2m per year, which we are far from burning right now... but let's take into account that there might be some unexpected costs). Additionally to that. I was in NYC last week and lawyers there talk 6 digit figures and our PR agency is located right on Wall Street - they for sure are not the cheapest - but are very much needed.

You announced that the funds past $5 mil would be used for the performance.fund. What's going on exactly?

Would really like to see an answer on this.   You are a bit off though... they said first 10,000 BTC would be platform funds.  That's over $6m at current prices.  But the next $4m+ was supposed to be invested in the performance fund, before the end of the year.

That they're now nonchalantly referring to that money like it's working capital is really concerning.  The establishment of a cap and a commitment that funds past 10 kBTC would seed the performance fund is the only reason I made a 2nd investment, instead of waiting and investing the money directly into the performance fund.

You are right. I was wrong at the time of writing this calculation. Anything over 10k BTC will seed ICONOMI.performance fund as stated before. Apologies for that rough calculation I post wrongly.

[Toro iskandar]

I hope they get this fixed within the next 5 days or ICN may need delay launch until the chain stabilizes.  
if nobody can even create a contract until it's fixed by another hardfork update this could get serious.
As it stands, right now, an exchange couldn't add ICN or ANY Ethereum token if they wanted to.

Even lisk is more stable than this... I run and maintain dozen public Lisk api's, and can't get a single Ethereum contract to register after switching to Parity and re-syncing this is scary. Two dozen coin ecosystems are effected by this. By the looks of it, They have the fork hot-fix but are hesitating to publish it. With any luck he listens to Gavin, and pulls the trigger. Fingers crossed.

Nice one. And we just had discussion in the office about that.

We'll be ready to launch ICN. But if it turns out that network is not stable and substantial amount of people is left with unsynced blockchain (it means also exchange could have issue with it) we will communicate that and delay launch.

We wanna make sure that we start with the launch at in advance communicated time (technically that will be certain block height) and where anyone can sync blockchain. That is the only way to make sure everyone have equal opportunities to access and transfer ICN to exchanges. We wanna make start of the race fair to all.

agree a good idea

[ICONOMI]

......

Would really like to see an answer on this.   You are a bit off though... they said first 10,000 BTC would be platform funds.  That's over $6m at current prices.  But the next $4m+ was supposed to be invested in the performance fund, before the end of the year.
......

for me reason to add some btc was 10 000+ that they will invest into performance.
It doesn't have to be in 2 months i would give them even few more to not put all eggs into few baskets.

So ICONOMI will you invest that 4,5M into performance ?

I can confirm this. Anything that we raised over 10k BTC will be used to seed ICONOMI.performance fund.

[Bitdonator]

Better to migrate Iconomi to sidechain on Lisk network,
once its possible because Eth network can be DDosed again.

[metropolia]

     Your Bounties
CLAIM WAS SUCCESSFUL - that's nice

Me too,
Your Bounties
CLAIM WAS SUCCESSFUL
Your final bounty reward will be visible here on October 7. 2016, 18:00 UTC.

But I am not sure that how many can I earn, maybe wait for tomorrow to see the final reward?   

[Xtrata]

Better to migrate Iconomi to sidechain on Lisk network,
once its possible because Eth network can be DDosed again.

So Lisk cannot be?

[ICONOMI]

ICONOMI,
please check and correct translation table

If to count posts of local threads to 20.00 UTC 29 September, must be:

Slovenian - 25
Ukrainian - 29
because bitcoingarden forum have time UTC+2

And russian - 1967

Urdu - about 60 posts not URDU, all in English by one man

Why counted posts for German? - translator was active on BTT last August 25, 2016 https://bitcointalk.org/index.php?action=profile;u=231042


and others ...

Bounty discussion are here: https://telegram.me/iconomiicobounties

Are you the one that didn't read the rules and didn't actively moderate own local thread and is now jealous because Crypto Sky did an excelent job (translating even blog posts for free, asking me questions to provide answers to russian speaking community and way more) and will receive a reward of ~50 BTC for that?

[kalpit]

     Your Bounties
CLAIM WAS SUCCESSFUL - that's nice

Me too,
Your Bounties
CLAIM WAS SUCCESSFUL
Your final bounty reward will be visible here on October 7. 2016, 18:00 UTC.

But I am not sure that how many can I earn, maybe wait for tomorrow to see the final reward?   

How much is the estimated bounty shown for you ( Twitter+ Facebook)
For me, it's about 100ICNs

[5thangel]

     Your Bounties
CLAIM WAS SUCCESSFUL - that's nice

Me too,
Your Bounties
CLAIM WAS SUCCESSFUL
Your final bounty reward will be visible here on October 7. 2016, 18:00 UTC.

But I am not sure that how many can I earn, maybe wait for tomorrow to see the final reward?   

Yes , wait till tomorrow

[ICONOMI]

So if we purchased with Lisk, the price at the time is not fixed?

I sent about $1k worth of Lisk and my account went to show $945 and now $899 due to Lisk price decline.  

I'm also seeing my ICN shares lower (By almost 1000) and am wondering if this is a reflection of the Lisk price decline or distribution numbers being finalized.

ETA: AS far as I can tell this is the case.  lol Someone get lisk on the pump please!

You are on the safe side!

Detailed explanation of how your exact ICN share will be calculated is here: https://medium.com/iconominet/token-share-calculation-affd1c96c482

In short: we're taking last 72h of ICO for the calculation of currencies. Now LISK can drop to zero or go beyond moon. Your LSK investment will will be calculated with LSK price in the last 3days of ICO.

[btcdevil]

I have sent the PM for my Hindi Translation bounty but still my id is not refreshed with bounty details , just now sent second time PM with email id for Hindi Translation.

Do i need to click the CLAIM YOUR BOUNTIES to claim Hindi Translation also as i have not clicked it. Please help me what to do to claim Translation Bounty.

[ICONOMI]

Also what does ownership of a token actually get you I understand its ownership in the platform itself however what is the value of these tokens and what are the dividend payouts based on, are there fees related to the funds that shareholders will gather or something along those lines?  I'm trying to read the whitepaper but I can't find this info so far.

Let's assume in the first year iconomi.performance invests 7000 BTC into icos, with an average return of 4x.  That's 21000 BTC profit.  ~20% of this profit will be sent to ICN token holders as dividends.  21000 BTC × 0.20 = 4200 BTC dividends

Let's assume the market buys ICN tokens up until the dividends equal 5% APR.  4200 BTC ÷ 0.05 = 84000 BTC market cap

^^^ That's just talking about the iconomi.performance fund.  Add in the dividends from the ~2% management fee on the iconomi.index fund, dividends from the fund management platform, dividends from any other funds iconomi may create, speculation, and the fact that the market loves to put money behind innovative ideas with trustworthy/hardworking teams, and this will rise up above Ripple market cap level (400k BTC).

I think the only reason the price is so cheap on liqui right now, is no one is trusting to send their BTC there to buy.

I'm not gonna comment on the numbers (and we never will). But I have to say that I like the methodology. Ur pushing good content here MoveCrypto. Thx!