[ANN] ICONOMI - Fund Management Platform

[bones]

Why would you not be able to use an exchange address? Thats nonsense.   So long as its a icn exchange deposit address and not a ethereum one.

...and if your exchange doesn't list ICN

How could u possibly get an icn exchange dep add without that exchange listing it first .
You couldnt could you.
Please engage brain.

Slow down there partner and sip on some java for a second...  
Yes; you can send your tokens to ANY Ethereum address. There's no guarantee ALL exchanges will be watching or listing ICN tokens, and if they're not... you just lost access to those tokens; which is why they gave you a warning not to enter any exchange ETH address and to be certain you have the keys ...and it is NOT just "nonsense"... because they cannot tell you which ones will be hosting the token. (NDA)
(brain engaged and synchronized, I think yours forked!)  

*In addition to their warning I should also add the following:
Be absolutely certain the wallet you use for ICN features watching of ETH token contracts.

I do not think you read my initial statement properly.  Or it confused you somehow...

[1714605546]

1714605546

[1714605546]

1714605546

[1714605546]

1714605546

[1714605546]

1714605546

[1714605546]

1714605546

[1714605546]

1714605546

[Naoko]

Do I have to submit my documents if I've invested more than $1000 in BTC?
(I see KYC form in my account)

I already read that, but thanks. I was just wondering why do I see the KYC form if I've not invested in fiat.

i can see the KYC form in my account too even though i only invest a little amount. @ICONOMI can you clear the confusion here? are we all require to submit personal details for the KYC before we can withdraw tokens or ONLY for those users who invested big amounts?

[MrPresident]

Why would you not be able to use an exchange address? Thats nonsense.   So long as its a icn exchange deposit address and not a ethereum one.

...and if your exchange doesn't list ICN

How could u possibly get an icn exchange dep add without that exchange listing it first .
You couldnt could you.
Please engage brain.

Slow down there partner and sip on some java for a second...  
Yes; you can send your tokens to ANY Ethereum address. There's no guarantee ALL exchanges will be watching or listing ICN tokens, and if they're not... you just lost access to those tokens; which is why they gave you a warning not to enter any exchange ETH address and to be certain you have the keys ...and it is NOT just "nonsense"... because they cannot tell you which ones will be hosting the token. (NDA)
(brain engaged and synchronized, I think yours forked!)  

*In addition to their warning I should also add the following:
Be absolutely certain the wallet you use for ICN features watching of ETH token contracts.

I do not think you read my initial statement properly.  Or it confused you somehow...

Then here's an alternate answer to your original q:

Why would you not be able to use an exchange address? Thats nonsense.   So long as its a icn exchange deposit address and not a ethereum one.

Because no exchange currently has an "icn exchange deposit address" AND NEVER WILL. It's an Ethereum token, and is only transferred between Ethereum addresses.

When your exchange provides you an ICN wallet address, it will be an Ethereum address, and you have no way of knowing their eth/icn setup or even if they will be listing ICN at all.

[Mallampue]

Do I have to submit my documents if I've invested more than $1000 in BTC?
(I see KYC form in my account)

I already read that, but thanks. I was just wondering why do I see the KYC form if I've not invested in fiat.

i can see the KYC form in my account too even though i only invest a little amount. @ICONOMI can you clear the confusion here? are we all require to submit personal details for the KYC before we can withdraw tokens or ONLY for those users who invested big amounts?

you dont need to verification if only invest a little amount
but if you invest $1000 or above with fiat money. you need verification to withdraw your token icn.

[yeniruieni]

Do I have to submit my documents if I've invested more than $1000 in BTC?
(I see KYC form in my account)

yes, you must submit documents

[marilyngroom]

Interesting project.

[5thangel]

Do I have to submit my documents if I've invested more than $1000 in BTC?
(I see KYC form in my account)

yes, you must submit documents

lol,pay attention but reading all posts properly

[MrPresident]

Do I have to submit my documents if I've invested more than $1000 in BTC?
(I see KYC form in my account)

yes, you must submit documents

No that's only required for 1000+ in Euros. It's been posted several times in here and in the blog.

BEWARE PEEPS:
...suddenly it seems newb accounts showing up spreading misinformation.

[OmegaStarScream]

I guess I have an issue with Parity (It didn't fully download the blockchain) however I'm able to run Mist browser without issues , and I created an account (but It says I'm unable to see incoming transactions or something) , so Is it safe to use that generated address or not ? and where can I find my private keys?

[supercops]

So we're going to receive our bounty reward today?Can't wait to see my ICN tokens in my ico account.
By the way,i am not going to withdraw my tokens from ico site.Am i eligible for dividend if i leave my tokens in ico account?
thanx in advance.

[MrPresident]

I guess I have an issue with Parity (It didn't fully download the blockchain) however I'm able to run Mist browser without issues , and I created an account (but It says I'm unable to see incoming transactions or something) , so Is it safe to use that generated address or not ? and where can I find my private keys?

Option 1:
Go to myetherwallet.com and the wallet info tab. Attach the keystore file and enter your password and it'll show all your keys. Note the private key and then you can use that to import your account into any geth node using the wallet import "filename" function.

Option 2: (more secure)
In Mist Ethereum Wallet Accounts > Backup > Accounts > Keystore This folder is where your encrypted keys reside . You should copy this folder to other devices as a back up.

Use myetherwallet if you want a straight forward priv / pub key pair. The one in mist is obviously encrypted, and I see no way to simply view it unencrypted.

[MrPresident]

So we're going to receive our bounty reward today?Can't wait to see my ICN tokens in my ico account.
By the way,i am not going to withdraw my tokens from ico site.Am i eligible for dividend if i leave my tokens in ico account?
thanx in advance.

October 11th

[mammusu]

So we're going to receive our bounty reward today?Can't wait to see my ICN tokens in my ico account.
By the way,i am not going to withdraw my tokens from ico site.Am i eligible for dividend if i leave my tokens in ico account?
thanx in advance.

the same question. my plan, I do not want to withdraw my tokens in the ico site
I'm holding there to get dividend if it's possible.

[MrPresident]

So we're going to receive our bounty reward today?Can't wait to see my ICN tokens in my ico account.
By the way,i am not going to withdraw my tokens from ico site.Am i eligible for dividend if i leave my tokens in ico account?
thanx in advance.

the same question. my plan, I do not want to withdraw my tokens in the ico site
I'm holding there to get dividend if it's possible.

Just FYI:
Dividends are issued to the ETH address they are stored on, regardless of where you access it.

[magc16]

I guess I have an issue with Parity (It didn't fully download the blockchain) however I'm able to run Mist browser without issues , and I created an account (but It says I'm unable to see incoming transactions or something) , so Is it safe to use that generated address or not ? and where can I find my private keys?

Option 1:
Go to myetherwallet.com and the wallet info tab. Attach the keystore file and enter your password and it'll show all your keys. Note the private key and then you can use that to import your account into any geth node using the wallet import "filename" function.

Option 2: (more secure)
In Mist Ethereum Wallet Accounts > Backup > Accounts > Keystore This folder is where your encrypted keys reside . You should copy this folder to other devices as a back up.

Use myetherwallet if you want a straight forward priv / pub key pair. The one in mist is obviously encrypted, and I see no way to simply view it unencrypted.

MrPresident,
Can you tell us noobs exactly how to do this with Myetherwallet?  I need baby steps. I'm at level "zero" with ETH.   I don't want to lose any ICNs.  My crypto experience is with Bitcoins, Ledger NanoS, and trezor.

Thanks in advance.

[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

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.

Thanks for the another try, it clarifies things. If one follows your statement, then basically performance fund money that has been raised throughout the ICO period is platform seed money that in the meanwhile will be invested in order to generate profit for shareholders - money that if and when needed will be burned for operation costs, just like the 10,000BTC?
If that is the case, and I would like someone from @Iconomi team to comment on that (here, or in the official channels) because it is not clear enough (IMO) who is subject to the seed money that goes into the performance fund.

Another thing I'd like to understand is why ~20% of profits is considered to be paid back as dividends? Where does the other 80% go? Further seed the fund?

I do believe that further clarification from official team members is required. From officail post on medium.com:
"If 21,000 BTC is collected, the assets collected during the ICO will represent 73.3% of the total ICONOMI.PERFORMANCE size — the first batch will be capped at 15,000 BTC. The rest — 4,000 BTC — would be available to invitees."
Could you please explain the incentive for ICO participant to invest twice in the same fund - first time by the ICO money and second time with the invitation?  There has to be more than just the fees as an incentive

[MrPresident]

I guess I have an issue with Parity (It didn't fully download the blockchain) however I'm able to run Mist browser without issues , and I created an account (but It says I'm unable to see incoming transactions or something) , so Is it safe to use that generated address or not ? and where can I find my private keys?

Option 1:
Go to myetherwallet.com and the wallet info tab. Attach the keystore file and enter your password and it'll show all your keys. Note the private key and then you can use that to import your account into any geth node using the wallet import "filename" function.

Option 2: (more secure)
In Mist Ethereum Wallet Accounts > Backup > Accounts > Keystore This folder is where your encrypted keys reside . You should copy this folder to other devices as a back up.

Use myetherwallet if you want a straight forward priv / pub key pair. The one in mist is obviously encrypted, and I see no way to simply view it unencrypted.

MrPresident,
Can you tell us noobs exactly how to do this with Myetherwallet?  I need baby steps. I'm at level "zero" with ETH.   I don't want to lose any ICNs.  My crypto experience is with Bitcoins, Ledger NanoS, and trezor.

Thanks in advance.

Simplist way:
Go to https://www.myetherwallet.com/#view-wallet-info
select the "keystore/json" method and click on "SELECT WALLET FILE".
To navigate to the key file(s) located in your ethereum directory:

Linux: ~/.ethereum/keystore
Mac: /Library/Ethereum/keystore
Windows: %APPDATA%/Ethereum
The file should look something like this:

UTC--2016-09-18T14-07-57.023663538Z--da78c8721e4efe42cf488304551eb596dd5f93e23

select/open it and your keys will show.


Hint: Windows users may need to select "show hidden files" in "folder options" to reveal the %APPDATA% folder

[Daparski]

I guess I have an issue with Parity (It didn't fully download the blockchain) however I'm able to run Mist browser without issues , and I created an account (but It says I'm unable to see incoming transactions or something) , so Is it safe to use that generated address or not ? and where can I find my private keys?

Option 1:
Go to myetherwallet.com and the wallet info tab. Attach the keystore file and enter your password and it'll show all your keys. Note the private key and then you can use that to import your account into any geth node using the wallet import "filename" function.

Option 2: (more secure)
In Mist Ethereum Wallet Accounts > Backup > Accounts > Keystore This folder is where your encrypted keys reside . You should copy this folder to other devices as a back up.

Use myetherwallet if you want a straight forward priv / pub key pair. The one in mist is obviously encrypted, and I see no way to simply view it unencrypted.

MrPresident,
Can you tell us noobs exactly how to do this with Myetherwallet?  I need baby steps. I'm at level "zero" with ETH.   I don't want to lose any ICNs.  My crypto experience is with Bitcoins, Ledger NanoS, and trezor.

Thanks in advance.

I would strongly suggest you NOT to use any website for online generating private key, especially if you plan on mid-long holding
Better use complete offline version, or mist (once it will be fixed). Team should have an official how-to for both online and offline storage:
https://bitcointalk.org/index.php?topic=1587736.msg16473283#msg16473283



A trezor for ethereum would be very nice to have

[MrPresident]

I guess I have an issue with Parity (It didn't fully download the blockchain) however I'm able to run Mist browser without issues , and I created an account (but It says I'm unable to see incoming transactions or something) , so Is it safe to use that generated address or not ? and where can I find my private keys?

Option 1:
Go to myetherwallet.com and the wallet info tab. Attach the keystore file and enter your password and it'll show all your keys. Note the private key and then you can use that to import your account into any geth node using the wallet import "filename" function.

Option 2: (more secure)
In Mist Ethereum Wallet Accounts > Backup > Accounts > Keystore This folder is where your encrypted keys reside . You should copy this folder to other devices as a back up.

Use myetherwallet if you want a straight forward priv / pub key pair. The one in mist is obviously encrypted, and I see no way to simply view it unencrypted.

MrPresident,
Can you tell us noobs exactly how to do this with Myetherwallet?  I need baby steps. I'm at level "zero" with ETH.   I don't want to lose any ICNs.  My crypto experience is with Bitcoins, Ledger NanoS, and trezor.

Thanks in advance.

I would strongly suggest you NOT to use any website for online generating private key, especially if you plan on mid-long holding
Better use complete offline version, or mist (once it will be fixed). Team should have an official how-to for both online and offline storage:
https://bitcointalk.org/index.php?topic=1587736.msg16473283#msg16473283
A trezor for ethereum would be very nice to have

He wishes to view an existing (already generated) Mist wallet key so it can be imported/exported.
The only way to do that I have found is by using myetherwallet.
If you know another way, please share it... (I don't think there is another way.)

[Daparski]

I guess I have an issue with Parity (It didn't fully download the blockchain) however I'm able to run Mist browser without issues , and I created an account (but It says I'm unable to see incoming transactions or something) , so Is it safe to use that generated address or not ? and where can I find my private keys?

Option 1:
Go to myetherwallet.com and the wallet info tab. Attach the keystore file and enter your password and it'll show all your keys. Note the private key and then you can use that to import your account into any geth node using the wallet import "filename" function.

Option 2: (more secure)
In Mist Ethereum Wallet Accounts > Backup > Accounts > Keystore This folder is where your encrypted keys reside . You should copy this folder to other devices as a back up.

Use myetherwallet if you want a straight forward priv / pub key pair. The one in mist is obviously encrypted, and I see no way to simply view it unencrypted.

MrPresident,
Can you tell us noobs exactly how to do this with Myetherwallet?  I need baby steps. I'm at level "zero" with ETH.   I don't want to lose any ICNs.  My crypto experience is with Bitcoins, Ledger NanoS, and trezor.

Thanks in advance.

I would strongly suggest you NOT to use any website for online generating private key, especially if you plan on mid-long holding
Better use complete offline version, or mist (once it will be fixed). Team should have an official how-to for both online and offline storage:
https://bitcointalk.org/index.php?topic=1587736.msg16473283#msg16473283
A trezor for ethereum would be very nice to have

He wishes to view an existing Mist wallet key so it can be imported/exported.
The only way to do that I have found is by using myetherwallet.
If you know another way, please share it... (I don't think there is another way.)

Missed the existing wallet key part, still waking up and before coffee. You no sleep, Mr.P?