[ANN] ICONOMI - Fund Management Platform

[ICONOMI]

Can you provide access to some scenarios that lay out how the dividend math to token-holders would work in practice? I would imagine that some folks here may not be that sophisticated in their understanding of how the value flows through the layers here. Thanks.

The most basic concept will work like this. We'll issue 100m ICN tokens.

Then we'll create CTF and CMF funds.
With those funds we'll earn profits.  
Some of profit will be used to pay the team and our expenses (however, for as long as we'll still have funds from ICO we won't take any profits for team and expanses, but will distribute all the profits to ICN token holders). The rest will be distributed to ICN token holders.


Hypothetically if we create 3m EUR profits in our first year and we'll burn just ICO money (which for the first year it will definitely be the case) then 3m EUR will be given to ICN token holders as dividends. Payouts will probably be weekly or even more frequent.

ICN will effectively be a "coin" with dividend. One that you can buy/sell on exchange. And while you hold it it brings you a dividend. And the value goes up/down accordingly.

Dividends will be paid in ICN, correct ?

No. Dividends will be paid in ETH.

If they would be paid in ICN, we would need to create more ICN tokens. And ICN will be build on top of Ethereum, so paying it in ETH will work our of the box, because technically holding ICN token will mean that you hold private key of an Ethereum address which has access to ICN.

It's quite a technical question. Let me know if you need deeper explanation or simplified version.

It is more like you own apple stock(ICN), and you paid by USD(eth).

That is correct and good analogy. Thx!

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[Ayers]

You guys do not realize how HUGE this project will be especially a few years from now!!!!

i can't see any difference with other ico like lisk and a bunch o other random one? why this is so special? i think that pos coin have not a future, and ico are pos coin in the end, without normal mining any coin will die on the few investors that bought early

[cryptobart]

What consensus algorithm are you going to adopt? How to secure the network? PoS or PoW?

it is pretty clear there.  ICN is ethereum based token. no mining.

imagine a true DAO for investment fund.

Thanks, that makes sense!

[ivanst776]

I'm looking forward to invest in ICONOMI in the next 3 days when the first week of ICO will start.

Btw, I can do a translate to another language the whole thread as others that have translated in other languages.

I'm sending a PM to you now, btw how much ICONOMI tokens can I buy with 0.04BTC which I estimate to earn within the next couple of days?

How many coins you will get for your 0.04 BTC investment will be known at the end of the ICO when the last transactions comes in since the price of each token is bound on how much they raise.

I understand just wanted to know approx. how much would I receive but it's too early to estimate it.

I have received a PM from Iconomi o translate the thread in another language that is not listed in the OP.

I'm quite interested on how much people will invest in ICONOMI ICO, personally I will invest minimum my signature earnings 0.04 weekly.

[Oralmat]

Can you provide access to some scenarios that lay out how the dividend math to token-holders would work in practice? I would imagine that some folks here may not be that sophisticated in their understanding of how the value flows through the layers here. Thanks.

The most basic concept will work like this. We'll issue 100m ICN tokens.

Then we'll create CTF and CMF funds.
With those funds we'll earn profits.  
Some of profit will be used to pay the team and our expenses (however, for as long as we'll still have funds from ICO we won't take any profits for team and expanses, but will distribute all the profits to ICN token holders). The rest will be distributed to ICN token holders.


Hypothetically if we create 3m EUR profits in our first year and we'll burn just ICO money (which for the first year it will definitely be the case) then 3m EUR will be given to ICN token holders as dividends. Payouts will probably be weekly or even more frequent.

ICN will effectively be a "coin" with dividend. One that you can buy/sell on exchange. And while you hold it it brings you a dividend. And the value goes up/down accordingly.

Dividends will be paid in ICN, correct ?

No. Dividends will be paid in ETH.

If they would be paid in ICN, we would need to create more ICN tokens. And ICN will be build on top of Ethereum, so paying it in ETH will work our of the box, because technically holding ICN token will mean that you hold private key of an Ethereum address which has access to ICN.

It's quite a technical question. Let me know if you need deeper explanation or simplified version.

Can you give me in simplified version, of how this ICN will work and how much time we have to hold the coin to get the dividend , like what others are offering in POS state does it mean like that, If the dividend is high then i can hold for 3 to 6 month of time.

Can't get any more simpler.

Dividends will start when first fund is launched.

Yes, All the details are mentioned in the first Post by OP and it is quite clear and easy to understand. If you still cant understand anything you tell for that specific area and we shall try to help you.

[Oralmat]

You guys do not realize how HUGE this project will be especially a few years from now!!!!

i can't see any difference with other ico like lisk and a bunch o other random one? why this is so special? i think that pos coin have not a future, and ico are pos coin in the end, without normal mining any coin will die on the few investors that bought early

I do not fully agree with you. ICO coins without normal mining are not scams always.  A POS coin with a good honest Dev can take the coin to a new height with his projects and roadmap .  It depends on the efforts the dev put in the coin and i can see ICONOMI Roadmap a good one.

[MFahad]

You guys do not realize how HUGE this project will be especially a few years from now!!!!

i can't see any difference with other ico like lisk and a bunch o other random one? why this is so special? i think that pos coin have not a future, and ico are pos coin in the end, without normal mining any coin will die on the few investors that bought early

I do not fully agree with you. ICO coins without normal mining are not scams always.  A POS coin with a good honest Dev can take the coin to a new height with his projects and roadmap .  It depends on the efforts the dev put in the coin and i can see ICONOMI Roadmap a good one.

Yes, a lot of mining coins has also proved to be scam in the long run so it does not really matter.
What Matters is how Dev wants to get with his coin. Is he interested in short term profit by pump dump of coins or is he really looking forward to grow his coin with passage of time.

[ICONOMI]

Hey ICONOMI,

I'm interested in your offering, but I'm having trouble deciding the most advantageous entry point.  Say I have just 500 eth to invest... What are the advantages and disadvantages of investing it all in the ICO (+15% bonus level) versus, say, investing most of it in the ICONOMI.PERFORMANCE fund?  (Assuming you reach your 2000 BTC goal to launch.)  Would the dividends be paltry for this investment size, if say you were to raise exactly 2000 BTC during ICO and made 3m EUR in profits in the first year?

Hard to decide for you.

However. Do invest at least 1 ETH into ICO because ICONOMI.PERFORMANCE will be at first available to ICO participants. It will be limited because there will be limited number of options for us to invest.

But in a scenario where we raise exactly 2k BTC and then create 3m profit. It would means that you hold an asset which bring you 3m EUR each year (all the tokens). That token would then be worth at least 7x of the yearly dividend.

[Oralmat]

the project is looking good to me but i think i still need some more time to study and understand this project, i think i will take a decision in next few days hope the project will a little more clear then.

yes it seems different from other projects and is addressing to the Fund Management programme. I really feel uniqueness in this project and i could see good potential in it in long term

[PsursV]

I think they will find success . because a lot of people who benefit from the project altcoin and they will definitely adopt if the developer of this coin shows the dedication and hard work .. let's see what will happen

i am agree with you, if this is not a scam hope it will become a successful project as most of the people shows their interest to invest therefore the project is going to  be successful. i will always prey for it.

[ICONOMI]

You guys do not realize how HUGE this project will be especially a few years from now!!!!

i can't see any difference with other ico like lisk and a bunch o other random one? why this is so special? i think that pos coin have not a future, and ico are pos coin in the end, without normal mining any coin will die on the few investors that bought early

I do not fully agree with you. ICO coins without normal mining are not scams always.  A POS coin with a good honest Dev can take the coin to a new height with his projects and roadmap .  It depends on the efforts the dev put in the coin and i can see ICONOMI Roadmap a good one.

Yes, a lot of mining coins has also proved to be scam in the long run so it does not really matter.
What Matters is how Dev wants to get with his coin. Is he interested in short term profit by pump dump of coins or is he really looking forward to grow his coin with passage of time.

Being PoS/PoW/token on top of any platform doesn't define success in any way.

It's all about added value for the market. And yes. We're in for the long run. With our names, pictures, escrow, everything.

[XbladeX]

Guys where i see "proposals of 2016 with its high probability of investment multiplication."
then i think good ponzzi and like with good poznzi is good be 1st but i wonder that 1st mean creators of party or people who will invest.
Your goal 2000 BTC is quilte high i would say, but you give escrow to be more trusty.
Do you think that you can get  those 2000 BTC ? Its 1m $.
All threat looks too good to be true.
In what you plan invest to get those profits ?

[PacePay]

I think they will find success . because a lot of people who benefit from the project altcoin and they will definitely adopt if the developer of this coin shows the dedication and hard work .. let's see what will happen

i am agree with you, if this is not a scam hope it will become a successful project as most of the people shows their interest to invest therefore the project is going to  be successful. i will always prey for it.

I am also interesting to invest in there after looking at the history of their devs, but still I am shocked with my previos lose when I invested a bigger amount in an ICO, that was also by some legit persons, but some people with their Fuds destroyed that, and I lost a bigger amount at there.

By the way I think I should have to invest a little amount, and suggest the Devs that they try their best to secure their project, I wish that it get the success they are expecting.

[animalroam]

Would we have to trust the team members who are trading with the funds to record down every profit they make? In other words, how can we trust the team that you guys will accurately report losses/gains?

[PsursV]

I think they will find success . because a lot of people who benefit from the project altcoin and they will definitely adopt if the developer of this coin shows the dedication and hard work .. let's see what will happen

yes its looking so, i think the time will prove it very soon, but to me this project is looking good and hope that people will appreciate it and will really really put their investment .

[eye4bd]

Check out our promotional video & join the discussion on SLACK.

Hi
Somehow I was known about iconomi before this PRE-ANN. Can't remembered perfectly where from? Maybe, it was from reddit!
Would love to know_ what dose really means by ICONOMO ? If it's sorter form of a complete sentence, Ok fine! But I  want to know that complete form as well.
If it's just a combination of words [ ICO stands for  'initial coin offering' what for "NOMI' ] I'm also ok with this promising project.

Hopefully we will have a successful croudfund as well!

Thanks!

Hi
1st of all wanting apology for asking same thing twice?

Would love to know_ ICONOMI stand for what! We are fimilar with ICO [ initial coin offering] .
But NOMI stand for what? Actually I want to contribute this project on social media. Twitter is my choice. So the idea behaind naming the project could help me to create appealing invitation for people to join the movment!

I'm already able to explore One| Nutrilizetion of money innovation [ NOMI ].
If got permit I will use that one!


Thanks!

[ICONOMI]

Guys where i see "proposals of 2016 with its high probability of investment multiplication."
then i think good ponzzi and like with good poznzi is good be 1st but i wonder that 1st mean creators of party or people who will invest.
Your goal 2000 BTC is quilte high i would say, but you give escrow to be more trusty.
Do you think that you can get  those 2000 BTC ? Its 1m $.
All threat looks too good to be true.
In what you plan invest to get those profits ?

We as founding team will not be allowed to sell ICN tokens in less than 6months after launch. That can clear that we're in for the pump game. We'll publish our addresses and allocation of ICN tokens for this to be public.

We think we'll raise 2k BTC and more.

Plan is to invest in most prospective ICOs and tokens that are already alive. Soon we'll publish a blog post about general strategy, categorisation of "coins" (very important part) of how we plan to perform due diligences. Idea in type of investing might can be seen in whitepaper already: https://www.iconomi.net/CoinFundsWhitepaper.pdf

[jacaf01]

I'm just thinking, Is it not possible for the ICONOMI team to be using the fund raised for pump and dump of altcoins, since they will have enough money to perfect this scheme and be making what we called profit

[ICONOMI]

Would we have to trust the team members who are trading with the funds to record down every profit they make? In other words, how can we trust the team that you guys will accurately report losses/gains?

That is something that bothers us as well. We wanna show full transparency and we'll use any way we can think to proof that. After all. The more transparent we are, the more business, the better for all.

[cryptobart]

Would we have to trust the team members who are trading with the funds to record down every profit they make? In other words, how can we trust the team that you guys will accurately report losses/gains?

That is something that bothers us as well. We wanna show full transparency and we'll use any way we can think to proof that. After all. The more transparent we are, the more business, the better for all.

That's true, basically it's a centralized model, that's where the risk is.