[ANN] ICONOMI - Fund Management Platform

[ICONOMI]

I think to make virtual debit cards and plastic cards you will need special permits, and maybe a bank licence?

Not quite sure but I belive it would be very expensive and maybe not that much demand for a such service till ICO is  fully launched and running a while

Making Virtual Debit and credits card for a New coin is an advance thing and it should be introduced when the coin is available at exchanges for trade and not at the time of ICO.

I am impatiently waiting for to get that Debit card as with that I will be able to use my money in ICONOMI easily at any local shop in my country and I will be able to withdraw my money at my ATM whenever I will need it. I wish that it will be adoptable by everyone easily.

That's good news If this is realized I can imagine in the future iconomi  also ready to compete into the future cryptocurrencies
But they say it only  debit not credit why not for both ? debit and credit

Because offering credit is a whole different business

You explained all in 7 words! That's the only reason.

Edit: the card serves primarily as a tool to have your funds invested with ICONOMI available 24/7. Just imagine how powerful that is and how long it takes for money to arrive after selling some ETC / mutual funds / stocks in the old economy. It's not 24/7 and it's not real time.

It is a good selling point, but my concern is whether it will eat large chunk of investors' money to implement. With a limited funds, I think the open fund platform still should be the highest priority. BTW, is the card gonna work in US?

The Fund Management Platform is definitelly priority number 1 to which we are heading!

For card.. I can not check now about US. All I remember from the country list that Nigeria is on a no-go list.

Edit: will know this week about US for sure and I will post update when I have one.

What about India? where can I list the list of countries where shipment of card is available?

It will be announced when we sign the agreement. Blog written and posted here and on Twitter/FB.

Also, I don't know out my head about India. But will update everyone when I get info.

[cryptobart]

I think to make virtual debit cards and plastic cards you will need special permits, and maybe a bank licence?

Not quite sure but I belive it would be very expensive and maybe not that much demand for a such service till ICO is  fully launched and running a while

Making Virtual Debit and credits card for a New coin is an advance thing and it should be introduced when the coin is available at exchanges for trade and not at the time of ICO.

I am impatiently waiting for to get that Debit card as with that I will be able to use my money in ICONOMI easily at any local shop in my country and I will be able to withdraw my money at my ATM whenever I will need it. I wish that it will be adoptable by everyone easily.

That's good news If this is realized I can imagine in the future iconomi  also ready to compete into the future cryptocurrencies
But they say it only  debit not credit why not for both ? debit and credit

Because offering credit is a whole different business

You explained all in 7 words! That's the only reason.

Edit: the card serves primarily as a tool to have your funds invested with ICONOMI available 24/7. Just imagine how powerful that is and how long it takes for money to arrive after selling some ETC / mutual funds / stocks in the old economy. It's not 24/7 and it's not real time.

It is a good selling point, but my concern is whether it will eat large chunk of investors' money to implement. With a limited funds, I think the open fund platform still should be the highest priority. BTW, is the card gonna work in US?

The Fund Management Platform is definitelly priority number 1 to which we are heading!

For card.. I can not check now about US. All I remember from the country list that Nigeria is on a no-go list.

Edit: will know this week about US for sure and I will post update when I have one.

That's good to hear, I think you guys are professional. If you can follow the plan and launch the OFP next year, that will be big!

[ICONOMI]

We made a video logging to our bank and recording USD transactions with dates. I hope this is clear and numbers are visible for anyone to check. It is recorded in Full HD.

Personal data are blurred for obvious reasons.

Edit: added preview http://imgur.com/a/HPmqF
https://youtu.be/0yJ83S0Up18

[Skyrik]

We made a video logging to our bank and recording USD transactions with dates. I hope this is clear and numbers are visible for anyone to check. It is recorded in Full HD.

Personal data are blurred for obvious reasons.

This is rly good video that shows transparence of the project. Well done!

[Maesters1-]

I think to make virtual debit cards and plastic cards you will need special permits, and maybe a bank licence?

Not quite sure but I belive it would be very expensive and maybe not that much demand for a such service till ICO is  fully launched and running a while

Making Virtual Debit and credits card for a New coin is an advance thing and it should be introduced when the coin is available at exchanges for trade and not at the time of ICO.

I agree here. What is required that you should mention this step somewhere in the Raod Map and make special advertisements of it. This can become one the major factors in  getting this coin successful in ICO.

yes that is a fact that advertisement is one of the most important tool to make a project successful. i think this project is so far so much successful and hope that in future it will continue its successful journey,

[ICONOMI]

Added video proving EUR deposits as well.

There is a bit more money on our bank account than credited on ico.iconomi.net
The difference is because we received some deposits without reference number - therefore we can not credit it yet to the right account. It takes a day or two and then people ask about their money and we credit it to their account.


http://imgur.com/a/RVEpv
https://www.youtube.com/watch?v=Nl8aweoeQeo

[Skyrik]

Added video proving EUR deposits as well.

There is a bit more money on our bank account than credited on ico.iconomi.net
The difference is because we received some deposits without reference number - therefore we can not credit it yet to the right account. It takes a day or two and then people ask about their money and we credit it to their account.

Another one so fast. Good job team ICONOMI

[MadeinCoin]

I think to make virtual debit cards and plastic cards you will need special permits, and maybe a bank licence?

Not quite sure but I belive it would be very expensive and maybe not that much demand for a such service till ICO is  fully launched and running a while

Making Virtual Debit and credits card for a New coin is an advance thing and it should be introduced when the coin is available at exchanges for trade and not at the time of ICO.

I am impatiently waiting for to get that Debit card as with that I will be able to use my money in ICONOMI easily at any local shop in my country and I will be able to withdraw my money at my ATM whenever I will need it. I wish that it will be adoptable by everyone easily.

That's good news If this is realized I can imagine in the future iconomi  also ready to compete into the future cryptocurrencies
But they say it only  debit not credit why not for both ? debit and credit

Because offering credit is a whole different business

Oh nice info mate I really did not understand  debit and credit card I assume it is interconnected lol .So far I've only used debit card from local bank

[darklus123]

I think to make virtual debit cards and plastic cards you will need special permits, and maybe a bank licence?

Not quite sure but I belive it would be very expensive and maybe not that much demand for a such service till ICO is  fully launched and running a while

As mentioned in the above quote there might be certain regulations on creating virtual debit cards, but already bitcoin cards have come into existence which had given most users the easiest access to convert btc to fiat.

Regulations are good this is to manage certain situations that is needed by the authority. Since bitcoin debit card is in the market by now so it only means that it is already following regulations i guess? and you are also right sir that this card is really helpful for us bitcoin users in getting and spending bitcoin

[sulendra12]

Added video proving EUR deposits as well.

There is a bit more money on our bank account than credited on ico.iconomi.net
The difference is because we received some deposits without reference number - therefore we can not credit it yet to the right account. It takes a day or two and then people ask about their money and we credit it to their account.

Nice progress sir , and you always transparent with your progress and update also informed us.
Hope your project is long live and will be successful project in the crypto-market.

[ahmedjadoon]

Are there any specific rules for signature campaign besides 10 min posts/week. The rules for campaign run by Yahoo are well explained but I can't find rules for ICO  bounty campaign.

[Digital_Currency_LTD]

Are there any specific rules for signature campaign besides 10 min posts/week. The rules for campaign run by Yahoo are well explained but I can't find rules for ICO  bounty campaign.

No, you just need minimum 10 post per week and nothing special. You can find your statictics in google spreadsheet, linked in the OP.

[lsqgoddess]

I am a jr member now. If I will be a member before the campaign ends, i.e. I joint on 1st of September, I would be a member on 15th of Sepetember. will you pay me for jr member stake, member stake or half jr member half member stake? Do I need to re-submit the form ti update my rank, or I apply my rank change in the thread?

Thanks very much, a lot of question for such a newbie.

[BitBanksy]

From 55k per BTC, the allotment of ICN went down to less than 14k.... Will something be left by the end of the campaign 😂😂😂?

[ICONOMI]

From 55k per BTC, the allotment of ICN went down to less than 14k.... Will something be left by the end of the campaign 😂😂😂?

That means value of ICN increased!:)

[BitBanksy]

From 55k per BTC, the allotment of ICN went down to less than 14k.... Will something be left by the end of the campaign 😂😂😂?

That means value of ICN increased!:)

Not really since the value is proportionate with the amount of investors and tokens. Right now the value per token stand @ $0.0378991318... The same value as per day one... 😉

[aidia]

Am I correct in stating that meanwhile the ICN value goes up (in this ico), the dividends paid to each ICN goes down. So in the end the post-launch value of ICN will be determined on ROI from the dividends. If the team is able to attract lots of investors to their funds and pay more dividends to token holders, the ICN value goes up, vice versa and it goes down?

I saw somewhere an estimate of 1 ETH dividends per week for 10000 ICN tokens if the company makes 10m profit per year, but I can’t remember if that was calculated with the original minimum of 2000BTC invested, and now the team is pursuing at 20k BTC, does this mean 0.1ETH dividends per 10k ICN tokens if this is reached?

If so, then I can’t see ICN token being interesting enough in terms of profit. I hope I’m wrong, this concept looks great and will bring loads of new money to crypto.

[ICONOMI]

From 55k per BTC, the allotment of ICN went down to less than 14k.... Will something be left by the end of the campaign 😂😂😂?

That means value of ICN increased!:)

Not really since the value is proportionate with the amount of investors and tokens. Right now the value per token stand @ $0.0378991318... The same value as per day one... 😉

You have a point. But mathematically not:) if we raise 8.5m USD then each token would be worth 0.10 USD. Now it's less.

[ICONOMI]

Am I correct in stating that meanwhile the ICN value goes up (in this ico), the dividends paid to each ICN goes down. So in the end the post-launch value of ICN will be determined on ROI from the dividends. If the team is able to attract lots of investors to their funds and pay more dividends to token holders, the ICN value goes up, vice versa and it goes down?

I saw somewhere an estimate of 1 ETH dividends per week for 10000 ICN tokens if the company makes 10m profit per year, but I can’t remember if that was calculated with the original minimum of 2000BTC invested, and now the team is pursuing at 20k BTC, does this mean 0.1ETH dividends per 10k ICN tokens if this is reached?

If so, then I can’t see ICN token being interesting enough in terms of profit. I hope I’m wrong, this concept looks great and will bring loads of new money to crypto.

Dividend does not go down. 100m ICN tokens will receive same amount of dividends. But if funding goes higher, you receive less ICN.

[XbladeX]

... if the company makes 10m profit per year....

Do you know what company should be to get such high profit ?
On real market company if turns back 10% profit is good.
Alt market is not that big for ICOMINI with their 5$ m market cap most coins will be 95% below so from where  those money should come from ?
Alts like 1m $ market cap can profit you HIGH profit for company that have lets say 30m $ market cap
Now they can invest fiat<>BTC and riding bull get profit with bear when all goes down ICONOMI will go too.

Total market cap 1m or 5m means they have 1m or 5m for investing at end and more coins can be played on market.
You have static cost of infrastructure then more you invest less % of cost will go to build it and more to trading and returning profits.

PS: They can even start own side companies which are paying profits in INC