[ANN] ICONOMI - Fund Management Platform

[MrPresident]

He's the only one that has the power to ensure that the ETHEREUM network gets its act together.

https://www.cryptocoinsnews.com/gavin-wood-calls-quick-ethereum-hardfork-fix-dos-attacks/

The DDoS issue already has a defense.... EMERGENCY HAS ENDED

Download and use this wallet:
https://github.com/ethereum/go-ethereum/releases/tag/v1.4.16

...and no, Vitalik didn't fix it, and Gavin was wrong. Everyone is wrong sometime.

Now we can get back to Lambo discussion!

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[famiextrem]

I have done the procedure for bounty.what about the unqualified bounty stake if some people failed to confirm their bounty?are you thinking to distribute those token among the qualified participants?or it remains into dev fund?
thank you

[bones]

What am I missing here?

Initial overfunding is locked giving us/ icn holders as a group shares in the fund causing icn to gain value as a token.
Future funding would give the investors shares in  that fund that could be liquidated when you choose.

Thats how i see it working.

You are not in the Performance Fund by default by buying ICN tokens. You simply collect fees and dividends from it. The PF is an option, the IF is an option, and all the other funds to be created will be optional.

I disagree.  All icn holders will have profits from the perforance fund as thats where the overfunding goes.
Its just locked in so you gain by your icn having more income giving it a higher market value.

[bones]

What am I missing here?

Initial overfunding is locked giving us/ icn holders as a group shares in the fund causing icn to gain value as a token.
Future funding would give the investors shares in  that fund that could be liquidated when you choose.

Thats how i see it working.

You are not in the Performance Fund by default by buying ICN tokens. You simply collect fees and dividends from it. The PF is an option, the IF is an option, and all the other funds to be created will be optional.

Optional? What do you mean by that? The money that will seed the performance fund will stay there forever? What is the difference between ICO seeding funds and future money invested? Why would future money invested be liquid-able and seed money not? Fund money is fund money

Because thats what iconomi said they will do.   I dont make the rules, but that is how it has been decided.
Overfunding is locked in giving icn more value.
Future funding needs to be able to be liquidated or who would invest?

[Daparski]

What am I missing here?

Initial overfunding is locked giving us/ icn holders as a group shares in the fund causing icn to gain value as a token.
Future funding would give the investors shares in  that fund that could be liquidated when you choose.

Thats how i see it working.

You are not in the Performance Fund by default by buying ICN tokens. You simply collect fees and dividends from it. The PF is an option, the IF is an option, and all the other funds to be created will be optional.

I disagree.  All icn holders will have profits from the perforance fund as thats where the overfunding goes.
Its just locked in so you gain by your icn having more income giving it a higher market value.

What do you disagree with?
ICN holders will have profit from ALL funds on the platform, in a form of fees collected - this is the main idea of the ICO. Since we "over-funded"  the platform, and since this over-funded money came directly from us - we should have the ability to liquid it just like every other fund that we or anybody else will invest into.
Still haven't seen a valid argument against that last sentence

[MrPresident]

What am I missing here?

Initial overfunding is locked giving us/ icn holders as a group shares in the fund causing icn to gain value as a token.
Future funding would give the investors shares in  that fund that could be liquidated when you choose.

Thats how i see it working.

You are not in the Performance Fund by default by buying ICN tokens. You simply collect fees and dividends from it. The PF is an option, the IF is an option, and all the other funds to be created will be optional.

I disagree.  All icn holders will have profits from the perforance fund as thats where the overfunding goes.
Its just locked in so you gain by your icn having more income giving it a higher market value.

We agree then... I'm not sure what you mean...  Yes, overfunding went to PF. That does not give you title to any PF or IF tokens, but only dividends in both fee and profit form, dividends being paid in ETH, and sent to your ETH address. Ownership of PF or IF tokens would require separate purchases, and in the case of the PF you would also need invited into the fund.

[Daparski]

What am I missing here?

Initial overfunding is locked giving us/ icn holders as a group shares in the fund causing icn to gain value as a token.
Future funding would give the investors shares in  that fund that could be liquidated when you choose.

Thats how i see it working.

You are not in the Performance Fund by default by buying ICN tokens. You simply collect fees and dividends from it. The PF is an option, the IF is an option, and all the other funds to be created will be optional.

Optional? What do you mean by that? The money that will seed the performance fund will stay there forever? What is the difference between ICO seeding funds and future money invested? Why would future money invested be liquid-able and seed money not? Fund money is fund money

Because thats what iconomi said they will do.   I dont make the rules, but that is how it has been decided.
Overfunding is locked in giving icn more value.
Future funding needs to be able to be liquidated or who would invest?

where was that stated? I saw that icnp funds won't be tradable like ICN tokens, but no one said anything about locking the money. Plz provide a link for that

[MrPresident]

What am I missing here?

Initial overfunding is locked giving us/ icn holders as a group shares in the fund causing icn to gain value as a token.
Future funding would give the investors shares in  that fund that could be liquidated when you choose.

Thats how i see it working.

You are not in the Performance Fund by default by buying ICN tokens. You simply collect fees and dividends from it. The PF is an option, the IF is an option, and all the other funds to be created will be optional.

I disagree.  All icn holders will have profits from the perforance fund as thats where the overfunding goes.
Its just locked in so you gain by your icn having more income giving it a higher market value.

What do you disagree with?
ICN holders will have profit from ALL funds on the platform, in a form of fees collected - this is the main idea of the ICO. Since we "over-funded"  the platform, and since this over-funded money came directly from us - we should have the ability to liquid it just like every other fund that we or anybody else will invest into.
Still haven't seen a valid argument against that last sentence

The question/argument there is null because one cannot liquidate what he does not own.
If you wish to sell a PF token, you must buy one first. Then, there will be a withdraw delay of 5 days (or similar) when you choose to.

[Daparski]

What am I missing here?

Initial overfunding is locked giving us/ icn holders as a group shares in the fund causing icn to gain value as a token.
Future funding would give the investors shares in  that fund that could be liquidated when you choose.

Thats how i see it working.

You are not in the Performance Fund by default by buying ICN tokens. You simply collect fees and dividends from it. The PF is an option, the IF is an option, and all the other funds to be created will be optional.

I disagree.  All icn holders will have profits from the perforance fund as thats where the overfunding goes.
Its just locked in so you gain by your icn having more income giving it a higher market value.

What do you disagree with?
ICN holders will have profit from ALL funds on the platform, in a form of fees collected - this is the main idea of the ICO. Since we "over-funded"  the platform, and since this over-funded money came directly from us - we should have the ability to liquid it just like every other fund that we or anybody else will invest into.
Still haven't seen a valid argument against that last sentence

The question/argument there is null because one cannot liquidate what he does not own.

what do you mean does not own? It's like saying - hey, here, take X amount of money from me, go invest it and you will owe me just ~20% of the profits you make. The initial X amount I gave you is locked up forever.
How does that make sense?

[cointrader83]

I have done the procedure for bounty.what about the unqualified bounty stake if some people failed to confirm their bounty?are you thinking to distribute those token among the qualified participants?or it remains into dev fund?
thank you

ICONOMI said that they will distribute the unclaimed bounties, yes.

[TAPAKAH]

Hopefully bounties will not issue quickly and to everyone else it will negatively affect the value of ICN

[MrPresident]

What am I missing here?

Initial overfunding is locked giving us/ icn holders as a group shares in the fund causing icn to gain value as a token.
Future funding would give the investors shares in  that fund that could be liquidated when you choose.

Thats how i see it working.

You are not in the Performance Fund by default by buying ICN tokens. You simply collect fees and dividends from it. The PF is an option, the IF is an option, and all the other funds to be created will be optional.

I disagree.  All icn holders will have profits from the perforance fund as thats where the overfunding goes.
Its just locked in so you gain by your icn having more income giving it a higher market value.

What do you disagree with?
ICN holders will have profit from ALL funds on the platform, in a form of fees collected - this is the main idea of the ICO. Since we "over-funded"  the platform, and since this over-funded money came directly from us - we should have the ability to liquid it just like every other fund that we or anybody else will invest into.
Still haven't seen a valid argument against that last sentence

The question/argument there is null because one cannot liquidate what he does not own.

what do you mean does not own? It's like saying - hey, here, take X amount of money from me, go invest it and you will owe me just ~20% of the profits you make. The initial X amount you gave me is locked up forever.
How does that make sense?

it's not "locked up forever"... you also collect 20% in straight management fees, above and beyond, and in addition to any profits. Fees will happen regardless of profit, at the rate of 20% APR

[Daparski]

What am I missing here?

Initial overfunding is locked giving us/ icn holders as a group shares in the fund causing icn to gain value as a token.
Future funding would give the investors shares in  that fund that could be liquidated when you choose.

Thats how i see it working.

You are not in the Performance Fund by default by buying ICN tokens. You simply collect fees and dividends from it. The PF is an option, the IF is an option, and all the other funds to be created will be optional.

I disagree.  All icn holders will have profits from the perforance fund as thats where the overfunding goes.
Its just locked in so you gain by your icn having more income giving it a higher market value.

What do you disagree with?
ICN holders will have profit from ALL funds on the platform, in a form of fees collected - this is the main idea of the ICO. Since we "over-funded"  the platform, and since this over-funded money came directly from us - we should have the ability to liquid it just like every other fund that we or anybody else will invest into.
Still haven't seen a valid argument against that last sentence

The question/argument there is null because one cannot liquidate what he does not own.

what do you mean does not own? It's like saying - hey, here, take X amount of money from me, go invest it and you will owe me just ~20% of the profits you make. The initial X amount you gave me is locked up forever.
How does that make sense?

it's not "locked up forever"... you also collect 20% in straight management fees, above and beyond, and totally separate of any profits. Fees will happen regardless of profit, at the rate of 20% APR

It's either locked or we will be able to withdraw it somehow. So which one is it? I don't talk about the profits that will (hopefully) be made from the investments - they are irrelevant to the matter of discussion now, which is the initial money raised to seed the fund

[famiextrem]

Hopefully bounties will not issue quickly and to everyone else it will negatively affect the value of ICN

tomorrow is the date for bounty distribution.so obviously bounty will be issued first.And ICO participants will get their tokens after 3 days.but all have an equal chance to use their tokens on first priority because ICN will be listed after the end of token distribution.

[bones]

What am I missing here?

Initial overfunding is locked giving us/ icn holders as a group shares in the fund causing icn to gain value as a token.
Future funding would give the investors shares in  that fund that could be liquidated when you choose.

Thats how i see it working.

You are not in the Performance Fund by default by buying ICN tokens. You simply collect fees and dividends from it. The PF is an option, the IF is an option, and all the other funds to be created will be optional.

Optional? What do you mean by that? The money that will seed the performance fund will stay there forever? What is the difference between ICO seeding funds and future money invested? Why would future money invested be liquid-able and seed money not? Fund money is fund money

Because thats what iconomi said they will do.   I dont make the rules, but that is how it has been decided.
Overfunding is locked in giving icn more value.
Future funding needs to be able to be liquidated or who would invest?

where was that stated? I saw that icnp funds won't be tradable like ICN tokens, but no one said anything about locking the money. Plz provide a link for that

Mr P is correct.  Seems we do agree.  Iconomi said in this thread that overfunding wont be shares in fund given out to us but held in the fund with us profit sharing.

[MrPresident]

What am I missing here?

Initial overfunding is locked giving us/ icn holders as a group shares in the fund causing icn to gain value as a token.
Future funding would give the investors shares in  that fund that could be liquidated when you choose.

Thats how i see it working.

You are not in the Performance Fund by default by buying ICN tokens. You simply collect fees and dividends from it. The PF is an option, the IF is an option, and all the other funds to be created will be optional.

I disagree.  All icn holders will have profits from the perforance fund as thats where the overfunding goes.
Its just locked in so you gain by your icn having more income giving it a higher market value.

What do you disagree with?
ICN holders will have profit from ALL funds on the platform, in a form of fees collected - this is the main idea of the ICO. Since we "over-funded"  the platform, and since this over-funded money came directly from us - we should have the ability to liquid it just like every other fund that we or anybody else will invest into.
Still haven't seen a valid argument against that last sentence

The question/argument there is null because one cannot liquidate what he does not own.

what do you mean does not own? It's like saying - hey, here, take X amount of money from me, go invest it and you will owe me just ~20% of the profits you make. The initial X amount you gave me is locked up forever.
How does that make sense?

it's not "locked up forever"... you also collect 20% in straight management fees, above and beyond, and totally separate of any profits. Fees will happen regardless of profit, at the rate of 20% APR

It's either locked or we will be able to withdraw it somehow. So which one is it? I don't talk about the profits that will (hopefully) be made from the investments - they are irrelevant to the matter of discussion now, which is the initial money raised to seed the fund

Okay, I'll give this one more try....
The dividends are paid every week ... THAT is the ONLY extent of "withdrawal" of seed funding from the PF, at the rate of 20% APR.
PF participants simply buy tokens equaling a share of profits from said funds, adding or subtracting to that pot under a separate formulae. (yet to be revealed) This stops a PF buyer to be able to withdraw seed funding, and at the same time, increases the chances the fund will grow at a much faster rate, bringing more profits to PF token holders and more dividends to ICN token holders.

[Stormspirit]

hi guys is this legit they are trading ICN atm?

[MrPresident]

hi guys is this legit they are trading ICN atm?

October 11th or thereabouts

[reginalkri]

hi guys is this legit they are trading ICN atm?

No it's not legit.

[TrueAnon]

How do you get your ICN out from the website?  Can we just send to exch as soon as it's live on anything??