[ANN] ICONOMI - Fund Management Platform

[tomkat]

and the time we all be waiting for is coming! fast seaten your belts! moon incoming !

Please do not start this sh!t again. What will be next, kids shouting for lambos? Come on...

Be sure they'll do it - will be fun again with lambos, mooning, 10x, 20x profit, multi-millionaires everywhere.
Then they'll go back to reality, and all of them re-start trying with the next ICO.
Getting ready with some snacks and cola 

[honolulumark]

We're ready, vrooom vrooom

[colombuszka]

We're ready, vrooom vrooom

Be ready to cry when you won't earn 3x profit from your investment.  Share the FUD and cry on btc - excellent recipe!

[honolulumark]

Be ready to cry when you won't earn 3x profit from your investment.  Share the FUD and cry on btc - excellent recipe!

That's right, I'm ready to earn 30x! vrooomm

[HardwarePal]

My body is ready  

[DaddyH]

My body needs this

[MalReynolds]

How did your trading work out bro? I didn't follow up after you wrote your Lisk selling post.

Thanks for asking.  They say no plan survives contact with the enemy and that has certainly been true for me.  However, overall I am up 25% from the day I sold my Lisk, so I'm OK.  And here I am investing in  ICONOMI, while I wait for Lisk 0.4.0d to be released on testnet.

[tomkat]

Quote from https://ico.iconomi.net/about-icnx-index
"ICONOMI appoints a committee that determines the composition of the index at each rebalancing. The committee members propose the addition of new members to the index as well as their weightings and the potential removal of certain members. The final decision is taken with a vote. Additions and deletions of new or old members to the index will be explained to the public as they occur."

Does it mean that it's not-automatic, 2 stages inclussion process?
I mean, first an asset needs to qualify with 'Eligibility criteria for inclusion", and then the committee members work on the assets that qualified?
Does it mean that qualified assets can be rejected by the committee?

[bitcoinuserz]

How did your trading work out bro? I didn't follow up after you wrote your Lisk selling post.

Thanks for asking.  They say no plan survives contact with the enemy and that has certainly been true for me.  However, overall I am up 25% from the day I sold my Lisk, so I'm OK.  And here I am investing in  ICONOMI, while I wait for Lisk 0.4.0d to be released on testnet.

nice. Well we have one big iconomi journey ahead 

[zahra4577]

Just as an example or note:

Lisk collected approx 6m in their ICO and they still trade at above .0004 at present after 3 months on exchanges...  still well over 3x ICO prices even without having a working product yet. Sure, there was a dump, after two trips to around 400 Bitcoin per token it then "dumped" to reasonable profit areas.
image edited

So when you hear newbs talking about "the Lisk ICO dump", you will now know wtf it REALLY was.
The facts are that Lisk traded at over 55 Bitcoin for over 3 days on Polo topping at 400, and still carry a 3x return for ICO investors... just sayin'. I call that a PUMP, not a Dump.

The difference here is that Iconomi will be launching with a working product... unlike EVERYONE ELSE
There is nothing here complicated to develop. Think of it as "What the DAO should have been"
There's no telling how hard the pump could be.

What do you expect iconomi will trade at?

I can only speculate, but I'd conservatively estimate a minimum of 5x or more... possibly plenty more.
Here's the thing... Dividends will be paid to token holders on a WEEKLY basis regardless of the funds performance.
There's nothing else like this, anywhere.
I challenge anyone here to prove me wrong.

But that sounds unreasonable.How can they pay dividends irrespective of funds performance? where will they money from to pay?

[X-ray]

Quote from https://ico.iconomi.net/about-icnx-index
"ICONOMI appoints a committee that determines the composition of the index at each rebalancing. The committee members propose the addition of new members to the index as well as their weightings and the potential removal of certain members. The final decision is taken with a vote. Additions and deletions of new or old members to the index will be explained to the public as they occur."

Does it mean that it's not-automatic, 2 stages inclussion process?
I mean, first an asset needs to qualify with 'Eligibility criteria for inclusion", and then the committee members work on the assets that qualified?
Does it mean that qualified assets can be rejected by the committee?

maybe but as they said the final decisions is taken with a vote and probably the committee only can make the following assets becoming potentially removed

[bcmine]

Just as an example or note:

Lisk collected approx 6m in their ICO and they still trade at above .0004 at present after 3 months on exchanges...  still well over 3x ICO prices even without having a working product yet. Sure, there was a dump, after two trips to around 400 Bitcoin per token it then "dumped" to reasonable profit areas.
image edited

So when you hear newbs talking about "the Lisk ICO dump", you will now know wtf it REALLY was.
The facts are that Lisk traded at over 55 Bitcoin for over 3 days on Polo topping at 400, and still carry a 3x return for ICO investors... just sayin'. I call that a PUMP, not a Dump.

The difference here is that Iconomi will be launching with a working product... unlike EVERYONE ELSE
There is nothing here complicated to develop. Think of it as "What the DAO should have been"
There's no telling how hard the pump could be.

What do you expect iconomi will trade at?

I can only speculate, but I'd conservatively estimate a minimum of 5x or more... possibly plenty more.
Here's the thing... Dividends will be paid to token holders on a WEEKLY basis regardless of the funds performance.
There's nothing else like this, anywhere.
I challenge anyone here to prove me wrong.

But that sounds unreasonable.How can they pay dividends irrespective of funds performance? where will they money from to pay?

from the cut they make. the only thing could be, that is can be more performative to invest in their fund as holding the token. but the first is conservative the other a speculative product.

[Labumi]

Quote from https://ico.iconomi.net/about-icnx-index
"ICONOMI appoints a committee that determines the composition of the index at each rebalancing. The committee members propose the addition of new members to the index as well as their weightings and the potential removal of certain members. The final decision is taken with a vote. Additions and deletions of new or old members to the index will be explained to the public as they occur."

Does it mean that it's not-automatic, 2 stages inclussion process?
I mean, first an asset needs to qualify with 'Eligibility criteria for inclusion", and then the committee members work on the assets that qualified?
Does it mean that qualified assets can be rejected by the committee?

maybe but as they said the final decisions is taken with a vote and probably the committee only can make the following assets becoming potentially removed

It is true, all the stuff that's already there will surely be difficult to remove when the decision from all the people who use it are still objections. all of this depends on the final decision and I think this will not happen as long as everything remains a commitment of excellent and consistent

[ICONOMI]

in case you haven't notice - we posted two blog posts yesterday:

Legal - Part 1 written by Ervin, our legal lead

AND

ICONOMI Cryptocurrencies Index (ICNX) — UPDATE #1 about ICNX that measures the performance of cryptocurrencies that meet the ICONOMI eligibility criteria

[tomkat]

in case you haven't notice - we posted two blog posts yesterday:

Legal - Part 1 written by Ervin, our legal lead

AND

ICONOMI Cryptocurrencies Index (ICNX) — UPDATE #1 about ICNX that measures the performance of cryptocurrencies that meet the ICONOMI eligibility criteria

Personally, I'd prefer index based solely on math formulas instead of people voting.
The voting will be based not only on the eligibility criteria but also their individual preferences.
It's nothing too complex to come up with formula based on a set of pre-defined criteria, so what do you need the comittee for? Politics...?
The comittee  could be used for criteria evaluation, but why for voting?

[signingoff]

There are types of fund--CTF AND CMF, there is only one type of token-ICN
But I want to only buy CTF, is it possible?
Because I don't want to track the news of so many coins.
If I buy CTF, It means I buy a bucket of coins.

[Vinz421]

There are types of fund--CTF AND CMF, there is only one type of token-ICN
But I want to only buy CTF, is it possible?
Because I don't want to track the news of so many coins.
If I buy CTF, It means I buy a bucket of coins.

Yay, you can. That's the very point of it.
No need for ICN in that case. Index will provide a bucket for you.

[Axente]

If I was investor want out of the ICONOMI.PERFORMANCE would I sell my invest back to the company or could I sell it to somebody interested in the fund? As it is invite only.

[MoveCrypto]

in case you haven't notice - we posted two blog posts yesterday:

Legal - Part 1 written by Ervin, our legal lead

AND

ICONOMI Cryptocurrencies Index (ICNX) — UPDATE #1 about ICNX that measures the performance of cryptocurrencies that meet the ICONOMI eligibility criteria

Personally, I'd prefer index based solely on math formulas instead of people voting.
The voting will be based not only on the eligibility criteria but also their individual preferences.
It's nothing too complex to come up with formula based on a set of pre-defined criteria, so what do you need the comittee for? Politics...?
The comittee  could be used for criteria evaluation, but why for voting?

The currency must be based on blockchain technology and traded on at least one of recognised exchanges: Poloniex, Kraken and Bittrex (additional exchanges might be added later).
The currency must have an underlying concept which ICONOMI estimates as viable in the long term.

These two criteria require people voting

If you remove the 2nd criteria, the iconomi vote, then the decision of what gets included in the index fund is still indirectly requiring the vote of the people who run poloniex, kraken, bittrex

[Axente]

in case you haven't notice - we posted two blog posts yesterday:

Legal - Part 1 written by Ervin, our legal lead

AND

ICONOMI Cryptocurrencies Index (ICNX) — UPDATE #1 about ICNX that measures the performance of cryptocurrencies that meet the ICONOMI eligibility criteria

Personally, I'd prefer index based solely on math formulas instead of people voting.
The voting will be based not only on the eligibility criteria but also their individual preferences.
It's nothing too complex to come up with formula based on a set of pre-defined criteria, so what do you need the comittee for? Politics...?
The comittee  could be used for criteria evaluation, but why for voting?

The currency must be based on blockchain technology and traded on at least one of recognised exchanges: Poloniex, Kraken and Bittrex (additional exchanges might be added later).
The currency must have an underlying concept which ICONOMI estimates as viable in the long term.

These two criteria require people voting

If you remove the 2nd criteria, the iconomi vote, then the decision of what gets included in the index fund is still indirectly requiring the vote of the people who run poloniex, kraken, bittrex

They probably put that in so they can easily trade the funds they put in it so it Always be based on people voting.