ivanst776
Legendary
Offline
Activity: 1540
Merit: 1003
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September 16, 2016, 11:20:25 PM |
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As promised I have just done my translation, sent a copy to the OP and hope I did it well.
If I have missed anything please let me know I will fix it very fast or if you need any additional text to translate don't hesitate to contact me.
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ICONOMI (OP)
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September 16, 2016, 11:21:24 PM |
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Iconomi, you just retweeted an article from Smith and Crown. That article's first point is: "Due to the crowdsale structure and ICONOMI’s business model, ICONOMI will not return value to token holders until it’s generated as much money in fees as it raised in the ICO, what at time of writing is just north of $4.5 million. This will likely take many years. (1)"
Is this true?? This seems to contradict everything that has been said thus far. Do they mean won't return the full value, or won't return any value (as in no dividends)?
Read the footnote (1) at the bottom of the article. *"Smith+Crown’s back-of-the-envelope calculations: assuming a 1.5% management fee (based on net assets) for management investment, one would need a total seed fund of $300 million to hit this threshold. Assuming a .5% fee for a passive ETF-like investment, one would need $900 million invested, which is 7.5% of the entire cryptocurrency market today. These fees are industry average fees for traditional financial products today, which only cover operational fees. ICONOMI fees will need to cover both fees and dividends. Even with a distribution of this over time, sufficient revenue to pay back investors seems unlikely. For example, if 1% of the entire cryptocurrency market went through ICONOMI funds (half in a CMF and half in a CTF), and a full quarter of industry-standard management fees actually went to dividends, then ICN tokenholders would wait 15 years before $4.5 million was returned, even without adjusting for inflation or discounting to present value." It seems to me they aren't right in the calculations. My mathematics, shows absolutely other figures.It's a good article. Addressing real issues we need to address and we will. However, some conclusions and some mathematics are wrong. BTW: LiskQH, can you show your numbers here?
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ICONOMI (OP)
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September 16, 2016, 11:24:23 PM |
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i saw iconomi is doing great job, so i decided to join their sig campaign, but i want to ask is it mandatory to invest in iconomi? and also do i need to create an account on ICONOMI ICO?
You don't need to invest. However, keep in mind that we'll award supporters only and for sure not spammers. We were not explicit with rules, but we stated we will distribute to everyone who supports ICONOMI before and during the ICO. In case of signatures, the ones wearing our signature and posting messages in some useless sections just to get post count, will have hard time arguing to be our supporters thus receiving any bounties.
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ICONOMI (OP)
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September 16, 2016, 11:34:30 PM |
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Devs,
Do you have any details on the performance fees charged for ICONOMI.PERFORMANCE and expense ratio for ICONOMI.INDEX?
For ICONOMI.PERFORMANCE, how are returns calculated? Monthly/yearly? What's the benchmark/hurdle rate? Is there a high water mark? Do you have to make up losses before recording a gain to register for the performance fee?
Returns are calculated once invested ICO goes public. Before it goes it's actually illiquid asset. So in real time 24/7. Hurdle rate will be slightly above "old economy" industry average. I don't fully understand high water mark in order to give you answer as any financial guy would. But yes, we'll have to make up for losses before recording a gain to register for the performance fee. You're welcome to join telegram group: telegram.org/iconomi where Primoz will give you best answer for your questions.
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ICONOMI (OP)
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September 16, 2016, 11:36:07 PM Last edit: September 16, 2016, 11:53:25 PM by ICONOMI |
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@op i want to ask that do the posting on other forum will count as blog posts? becuase i want to post it in different forums?
Sure you can. But keep in mind: - you create unique content - you publish it to blog1 (it is unique) - you publish it to blog2 (now is not unique anymore, because it was already published on blog1) Common sense logic is applied here.
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ImHash
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September 17, 2016, 02:21:57 AM Last edit: September 17, 2016, 03:27:13 AM by ImHash |
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Now my twitter post got deleted or I can't find it? Anyways now my likes aren't even included for twitter bounty campaign. I started my bounty hunting before the bounty section being added to the Ico.iconomi.net
You could release the ICN tokens for bounty hunters with member rank and above on this forum.( on time without any delays) I calculated I will get 300 tokens for FB and Twitter for 4 weeks of participating.
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raiblock
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September 17, 2016, 03:21:20 AM |
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Now my twitter post got deleted or I can't find it? Anyways now my likes aren't even included for twitter bounty campaign. I started my bounty hunting before the bounty section being added to the Ico.iconomi.net
You could release the ICN tokens for bounty hunters with member rank and above on this forum. I calculated I will get 300 tokens for FB and Twitter for 4 weeks of participating.
Twitter likes are not counted for stake. retweet/mention will counted for bounty stake. I agree with your suggestion but there are so many members bellow this rank who have great crypto related followers on their twitter.It seems very complicated but dev already take some steps to find out the abuser.so just relux
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NotMyDay
Newbie
Offline
Activity: 22
Merit: 0
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September 17, 2016, 04:48:24 AM |
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I think everyone should respect decision of Iconomi dev so many people blaming about bounty campaign. Are you guys really support this project or just want free tokens and destroy it?
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MFahad
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September 17, 2016, 04:49:22 AM |
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Thank you for providing the link to the white papers about ICONOMI . I read one of them and found it to be extremely interesting and useful.
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▄▄████████▄▄ ▄▄████████████████▄▄ ▄██████████████████████▄ ▄█████████████████████████▄ ▄███████████████████████████▄
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| | ▄▄███████▄▄ ▄███████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀███████▀▀ | . ElonCoin.org | │ | | .
| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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MFahad
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September 17, 2016, 04:51:27 AM |
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I think everyone should respect decision of Iconomi dev so many people blaming about bounty campaign. Are you guys really support this project or just want free tokens and destroy it?
Bounty campaigns are for the promotion of the project and once the project is alive no one with destroy their free tokens. They will keep them with them and help the Coin grow more. thats my feeling about it.
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▄▄████████▄▄ ▄▄████████████████▄▄ ▄██████████████████████▄ ▄█████████████████████████▄ ▄███████████████████████████▄
| ███████████████████▄████▄ █████████████████▄███████ ████████████████▄███████▀ ██████████▄▄███▄██████▀ ████████▄████▄█████▀▀ ██████▄██████████▀ ███▄▄████████████▄ ██▄███████████████ ░▄██████████████▀ ▄█████████████▀ █████████████ ███████████▀ ███████▀▀ | | | .
| | ▄▄███████▄▄ ▄███████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀███████▀▀ | . ElonCoin.org | │ | | .
| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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btc-facebook
Legendary
Offline
Activity: 1862
Merit: 1015
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September 17, 2016, 05:00:26 AM |
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I think everyone should respect decision of Iconomi dev so many people blaming about bounty campaign. Are you guys really support this project or just want free tokens and destroy it?
Abosulutely respect for it. Iconomi already spend so many expense to promote this project. For me I will not waste for it instead I will try to keep inform and promote this project on my local forum and friend
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wavefan
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September 17, 2016, 05:00:44 AM |
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I think everyone should respect decision of Iconomi dev so many people blaming about bounty campaign. Are you guys really support this project or just want free tokens and destroy it?
what decision you're talking about?i don't see any new rules for bounty campaign,but dev are trying to identify spam and bots accounts for twitter and facebook.
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MrPresident
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September 17, 2016, 05:30:49 AM |
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I think everyone should respect decision of Iconomi dev so many people blaming about bounty campaign. Are you guys really support this project or just want free tokens and destroy it?
what decision you're talking about?i don't see any new rules for bounty campaign,but dev are trying to identify spam and bots accounts for twitter and facebook. Yes it SUCKS reading over and over the whining, whimpering bounty wolves crying over and over for 100 pages. It's bound to get worse before it goes away after the ico is done. IMHO Bounties should be closed right now to any new participants. Then we can concentrate more on the things of greater interest like the platform, the mgmt funds, dividends, debit cards, voting and development! All this bounty spammer BS is gobbling up Dev time and decreasing our profit potential.
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Develop Custom Decentralized Blockchain Applications in JavaScript with LISK! Website | Blog | BTT Thread | Chat - Be part of the decentralized application movement!
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ihanaihana
Member
Offline
Activity: 86
Merit: 10
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September 17, 2016, 05:40:11 AM |
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I think everyone should respect decision of Iconomi dev so many people blaming about bounty campaign. Are you guys really support this project or just want free tokens and destroy it?
what decision you're talking about?i don't see any new rules for bounty campaign,but dev are trying to identify spam and bots accounts for twitter and facebook. Yes it SUCKS reading over and over the whining, whimpering bounty wolves crying over and over for 100 pages. It's bound to get worse before it goes away after the ico is done. IMHO Bounties should be closed right now to any new participants. Then we can concentrate more on the things of greater interest like the platform, the mgmt funds, dividends, debit cards, voting and development! All this bounty spammer BS is gobbling up Dev time and decreasing our profit potential. You are right, we need to stop new participants to join, or the more bots will come. Also BCT signature campaign should not accept new participants.
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Xanidas
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September 17, 2016, 06:00:25 AM |
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I think everyone should respect decision of Iconomi dev so many people blaming about bounty campaign. Are you guys really support this project or just want free tokens and destroy it?
what decision you're talking about?i don't see any new rules for bounty campaign,but dev are trying to identify spam and bots accounts for twitter and facebook. Yes it SUCKS reading over and over the whining, whimpering bounty wolves crying over and over for 100 pages. It's bound to get worse before it goes away after the ico is done. IMHO Bounties should be closed right now to any new participants. Then we can concentrate more on the things of greater interest like the platform, the mgmt funds, dividends, debit cards, voting and development! All this bounty spammer BS is gobbling up Dev time and decreasing our profit potential. You are right, we need to stop new participants to join, or the more bots will come. Also BCT signature campaign should not accept new participants. stopping to accept new participants will only benefit those bounty hunter but not the ICONOMI itself, we need more exposure so we need more people to retweet tweets and for the bot, i believe they can sort things out and remove all of them
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NEUROMATION
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TheUltraElite
Legendary
Offline
Activity: 3024
Merit: 1325
So anyway, I applied as a merit source :)
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September 17, 2016, 06:39:38 AM |
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More bounties and more payouts to signature campaign will not be good for the project since they have a capital invested in the project and part of it is used to run all the necessary things. They have an financial team which keeps track of all these and adjusts payments as necessary. The project has been very successful and both the investors and the team are in profit.
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ihanaihana
Member
Offline
Activity: 86
Merit: 10
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September 17, 2016, 06:45:17 AM |
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I think everyone should respect decision of Iconomi dev so many people blaming about bounty campaign. Are you guys really support this project or just want free tokens and destroy it?
what decision you're talking about?i don't see any new rules for bounty campaign,but dev are trying to identify spam and bots accounts for twitter and facebook. Yes it SUCKS reading over and over the whining, whimpering bounty wolves crying over and over for 100 pages. It's bound to get worse before it goes away after the ico is done. IMHO Bounties should be closed right now to any new participants. Then we can concentrate more on the things of greater interest like the platform, the mgmt funds, dividends, debit cards, voting and development! All this bounty spammer BS is gobbling up Dev time and decreasing our profit potential. You are right, we need to stop new participants to join, or the more bots will come. Also BCT signature campaign should not accept new participants. stopping to accept new participants will only benefit those bounty hunter but not the ICONOMI itself, we need more exposure so we need more people to retweet tweets and for the bot, i believe they can sort things out and remove all of them Those bots FB, twitter accounts are purchased for cheating on the campaign, therefore their followers or friends are all fake, more exposures to fake accounts? That is nothing exposure. LOL.
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x4
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September 17, 2016, 06:49:23 AM |
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More bounties and more payouts to signature campaign will not be good for the project since they have a capital invested in the project and part of it is used to run all the necessary things. They have an financial team which keeps track of all these and adjusts payments as necessary. The project has been very successful and both the investors and the team are in profit.
You can't blame on them because its a project and before you make project like this you know it already that you have to promote your project, must have a capital to run a big project like this. So if they decide to give this bounties I'm sure that this bounties are calculated already before they do that. And that's the reason why project like this success.
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MrPresident
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September 17, 2016, 07:23:31 AM Last edit: September 17, 2016, 07:34:08 AM by MrPresident |
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I think everyone should respect decision of Iconomi dev so many people blaming about bounty campaign. Are you guys really support this project or just want free tokens and destroy it?
what decision you're talking about?i don't see any new rules for bounty campaign,but dev are trying to identify spam and bots accounts for twitter and facebook. Yes it SUCKS reading over and over the whining, whimpering bounty wolves crying over and over for 100 pages. It's bound to get worse before it goes away after the ico is done. IMHO Bounties should be closed right now to any new participants. Then we can concentrate more on the things of greater interest like the platform, the mgmt funds, dividends, debit cards, voting and development! All this bounty spammer BS is gobbling up Dev time and decreasing our profit potential. You are right, we need to stop new participants to join, or the more bots will come. Also BCT signature campaign should not accept new participants. stopping to accept new participants will only benefit those bounty hunter but not the ICONOMI itself, we need more exposure so we need more people to retweet tweets and for the bot, i believe they can sort things out and remove all of them It would benefit ICONOMI and EVERYONE involved to stop accepting NEW bounty participants. Think about what you are saying... 1. All this spammer nonsense takes time to deal with, time which could be used in development and more important things. 2. Current HONEST participants will get a bigger share of the bounty, as it should be. 3. Spamming an ico can EASILY do more harm than good. 4. "More exposure" at the expense of irritating people will drive them away rather than interest them. 5. Quality exposure like articles in news sites and conferences is far more fruitful. 6. There's investors coming here for information reading 100 pages of bounty cries while searching for useful info trying to make a decision. Now, do you REALLY feel it's more important to hand out 5 dollars to every Tom, Dick & Harry with 30 Twitter accounts? Or do you think we should drag this out 12 more days and bleed any possible advancements which could come from HQ during that time? You would rather they spend the next 12 days chasing spam bots so people with absolutely no vested interest can milk the bounty dry?
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Develop Custom Decentralized Blockchain Applications in JavaScript with LISK! Website | Blog | BTT Thread | Chat - Be part of the decentralized application movement!
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SweFinnish
Member
Offline
Activity: 100
Merit: 10
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September 17, 2016, 07:25:53 AM |
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Guys, 4.95 million, we are very close to 5 MILLION more than 10 days left, let's invest: https://ico.iconomi.net/
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