[ANN] ICONOMI - Fund Management Platform

[smokim87]

Investors who deposited more than 1000 eur in fiat, will also have to complete a KYC identification verification.

Source: https://medium.com/iconominet/after-iconomi-ico-update-1-44b886168bae#.gc11inb0p

Is the verification going to be done through the ico site or do we have to email iconomi support with our docs?

[1714633621]

1714633621

[beyinsi]

I will like to know the plan of ICONOMI developers concerning the bug being experience  in Ethereum chain presently if it can have impact on their own platform, our investments need to be protected, prevention is better than cure

Ethereum network is perfectly safe. Just attacked in terms of "capacity" right now. But not in terms of safety.

@ICONOMI

WHEN WILL U UPDATE BLOG LIST?
http://goo.gl/58bts4

[reginalkri]

I never thought about bounties, because I invested. But now I remember that I liked the Iconomi page and a few of their posts. Hope it's not too late.

Yes its still not late You can claim it before 7th of October.Just login to your ICONOMI account and click Claim bounty and follow the procedure.Yes its still not late

I did that, I don't know how to link my Facebook. It also says, "To view your Facebook bounty share click" and that's it, nothing else. It just says click, with nothing to click. I'm thinking that if I have my Facebook open, it will somehow update in an hour.

[Skyrik]

Seems like first exchange will be Gatecoin: https://btcmanager.com/news/gatecoins-ceo-on-forging-ahead-with-a-bullish-eye-towards-tokens-and-icos/

"If you look at Iconomi for instance, that we are intending to list soon, it is a simple project, that fills a need, and that is driven by the experienced team who successfully led Cashila to profitability, while addressing a very niche market. I am sure they could have found the $10 million they raised from VC investors instead, even though it would have probably been in several tranches. This tranching of the investment is actually something that could be easily implemented in future ICO smart contracts and that would add more rationalization to those ICOs."

[ICONOMI]

@ICONOMI

YES!

please send us a confirmation PM back!!

We can't. Too many messages to reply. Once you click "claim bounties" you are oK.

[biggzi]

Seems like first exchange will be Gatecoin: https://btcmanager.com/news/gatecoins-ceo-on-forging-ahead-with-a-bullish-eye-towards-tokens-and-icos/

"If you look at Iconomi for instance, that we are intending to list soon, it is a simple project, that fills a need, and that is driven by the experienced team who successfully led Cashila to profitability, while addressing a very niche market. I am sure they could have found the $10 million they raised from VC investors instead, even though it would have probably been in several tranches. This tranching of the investment is actually something that could be easily implemented in future ICO smart contracts and that would add more rationalization to those ICOs."

Always exciting to hear so positive news around iconomi and although its not confirmed great to have an idea of which exchange will list ICN first!

[ICONOMI]

...Let's assume in the first year iconomi.performance invests 7000 BTC into icos, with an average <annual> 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...

<other analysis>

.... I have to say that I like the methodology. Ur pushing good content here MoveCrypto. Thx!

Let's examine this good example a little more to help me (and everybody else) understand just how this is gonna work.

Assume next week at launch that ICONOMI puts 7K BTC into ICNP and then gets 4X on the investment during Year One for a total of 28,000BTC as described above.  Subtract out the original 7K investment and you get the 21K profit mentioned above.  So far so good.

Say ICNP makes equal profit every week in Year One.  Then the weekly ICNP profit is 21K / 52 weeks = 403.85 BTC profit per week, right?

20% of the weekly profit is distributed as dividends to all ICN token holders.  So 403.85 BTC * 0.2 = 80.77 BTC would be distributed per week as dividends, right?  

We've currently got 85M ICN tokens spread among roughly 3500 ICO investors so the average stake is 85,000,000/3500 = 24.3K ICN (round number).   Investors paid the ICO price of 0.13 USD per ICN or 0.00021228 BTC per ICN for each of their tokens.  Total ICO costs for an average 24.3K ICN stake is thus $3159 or 5.15 BTC.  This assumes 1 BTC = $613.40.

Each of these average 24.3K ICN stakes would get an equal amount of the weekly profit, or 80.77 / 3500 = 0.023 BTC per week, right?  Worth a weekly 0.023 * 613.40 = $14.10, or an annual $14.10 * 52 = $733.20.

Bottom line: IF ICNP hits the example 4X per year profit, the "average" ICN investor stands to make $733 per year in dividends on his original 5.15 BTC = $3159 ICO investment JUST FROM THE ICNP FUND.  Actual dividends received would be even higher when additional profits are included from other funds and overall ICN operations.

@ ICONOMI, a question - in this example, ICONOMI has to come up with 80.77 BTC = $49.5K (approx.) per week of cash to distribute as dividends.   ICONOMI gets this cash by trading that amount of ICNP coin holdings into ETH and then distributes the ETH - Is this correct?

We get this cash from funds (either our own funds OR funds anyone will be able to create on a fund management platform). Thn we buy ETH and distribute as dividends.

[revelacaogr]

worth read

Why I’m short Ethereum (and long Bitcoin)


https://medium.com/@tuurdemeester/why-im-short-ethereum-and-long-bitcoin-aee5b1c198fd#.idjdywgzd

[xtyling]

Can we take that into consideration ?

https://coinmarketcap.com/assets/iconomi/

[MairaObergh]

Can we take that into consideration ?

https://coinmarketcap.com/assets/iconomi/

That's from IOU scam website Liqui. Since ICONOMI is nearing soon, they probably decided to dump all of their IOUs causing a panic sell.

[DiCE1904]

Investors who deposited more than 1000 eur in fiat, will also have to complete a KYC identification verification.

Source: https://medium.com/iconominet/after-iconomi-ico-update-1-44b886168bae#.gc11inb0p

Is the verification going to be done through the ico site or do we have to email iconomi support with our docs?

just fiat? If I invested with BTC or anything else I will not have to complete a KYC form?

[wavefan]

Investors who deposited more than 1000 eur in fiat, will also have to complete a KYC identification verification.

Source: https://medium.com/iconominet/after-iconomi-ico-update-1-44b886168bae#.gc11inb0p

Is the verification going to be done through the ico site or do we have to email iconomi support with our docs?

just fiat? If I invested with BTC or anything else I will not have to complete a KYC form?

I think people who invested BTC will never need to do kyc verification.this for only who invested via wire transfer/bank deposit.

[Tanglemymind]

What was the ico price

[jazzong]

all participant , investors, bounty participant, all need to verification email by fill bio user ?

[wavefan]

all participant , investors, bounty participant, all need to verification email by fill bio user ?

you don't need to verify anything for ICO account.

[biggzi]

What was the ico price

I believe it was $.13 or ~0.0002 BTC

[passivebesiege]

What was the ico price

Yeah I want to know it too and when it will be listed in exchanger? So we can prepare to trade it.

[biggzi]

What was the ico price

Yeah I want to know it too and when it will be listed in exchanger? So we can prepare to trade it.

I believe it was $.13 or ~0.0002 BTC

See my post above. Exchange listing is expected on the 11th and there's been a hint just recently that the first exchange might be gatecoin.com

[jazzong]

all participant , investors, bounty participant, all need to verification email by fill bio user ?

you don't need to verify anything for ICO account.

how about this ?
i seen it on top page user data information after clicked verification on email

Identification Verification
ICONOMI requires additional user information to meet the Know your customer (KYC) and Anti Money Laundering (AML) policies. After successful identification verification, you will be able to withdraw your ICN tokens.

[wavefan]

all participant , investors, bounty participant, all need to verification email by fill bio user ?

you don't need to verify anything for ICO account.

how about this ?
i seen it on top page user data information after clicked verification on email

Identification Verification
ICONOMI requires additional user information to meet the Know your customer (KYC) and Anti Money Laundering (AML) policies. After successful identification verification, you will be able to withdraw your ICN tokens.

are you sure you're visiting the ICO website? https://ico.iconomi.net/
verification only need for those who invested over $1000 in fiat