[ANN] ICONOMI - Fund Management Platform

[caex]

when does it go live on exchanges one week after ico?

[1714757916]

1714757916

[1714757916]

1714757916

[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?

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.

Yes, maybe they need some flexibility in terms of what's being placed in the index, but people voting also means biased opinions which can create not-so-fair output.

[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

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

Yes, maybe they need some flexibility in terms of what's being placed in the index, but people voting also means biased opinions which can create not-so-fair output.

How else would you set it up?  There has to be people voting to prevent a bad investment or a scam that temporarily pumps up to $50k daily volume and $1+ million market cap for 2 months from getting in there.  There was a time when paycoin would have fit the technical criteria to be included, for example

I guess you could argue that the vote could go to token holders instead of centralized committee

[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?

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.

Yes, maybe they need some flexibility in terms of what's being placed in the index, but people voting also means biased opinions which can create not-so-fair output.

How else would you set it up?  There has to be people voting to prevent a bad investment or a scam that temporarily pumps up to $50k daily volume and $1+ million market cap for 2 months from getting in there.  There was a time when paycoin would have fit the technical criteria to be included, for example

I guess you could argue that the vote could go to token holders instead of centralized committee

Do you suggest that existing equity indices are based on comittee voting, and it's impossible to develop automatic, fair index that anyone can calculate or verify, based on published formula? For instance, you can create an initial set of coins that will be taken into consideration at rebalancing, and that could be done by the comittee to exclude all so-called shitcoins. Then the remaining "blue-chips" could be evaluated automatically.

[Ayers]

ehm man they was saying the same think about lisk lol, look at it now no one care anymore, so i repeat why this should be special, no trolling or whatever, but just a reason why this will be different than other ico out there or from the past

no one care anymore? you mean, stupid kids dont care anymore right?
i'm not talking specific about lisk or any other project, but the problem around here is:  people think they will invest in a ico, and one month later they will be rich... that will never happen. the coins we see reaching 10$ or more all have 1 year or more. if you think iconomi will make you rich at the launch it's better not to invest.

then why you are investing if not to make more money? crypto it's all about profit, none will invest in a project if they know that nothing will return to them

We do not do charity, we come here for making money, so does the team, they earn money from ico, and we make money from their funds, the world should be like this, it is the reality, like every fiat investors

so you do agree that this is another thing about early investing to do more profit later with only few added features to make it look a fresh project?

[piebeyb]

what it is really going to 10k BTC

[meeekz]

What about a fund of startup players? They can certainly be evaluated on the fundamentals.

[TrueAnon]

Someone please post a clear update posting for end of ICO date and also next steps (ie. exch additions expected and which ones).

Then someone please as be so nice to post expected/guesstimate price of ICN's on the exch going rate! 

[MrPresident]

What about a fund of startup players? They can certainly be evaluated on the fundamentals.

Performance.fund is ICO's while index.fund is general crypto's

found a footnote on legal page I liked:



hehe great analogy

[famiextrem]

Oh almost there! just a little more.. i can't wait to see $6M as well as 10k BTC fundraising!  

[OmegaStarScream]

For those who were asking about the ICONOMI debit card and how much investment is needed to get it , I found this from the AMA on Reddit yesterday (It seems like most of us won't get it lol) :

[olcaytu2005]

For those who were asking about the ICONOMI debit card and how much investment is needed to get it , I found this from the AMA on Reddit yesterday (It seems like most of us won't get it lol) :

10 btc is a fair price for the debit card. Those who invested will have more reasons to hold. Im personally at the edge of investing more at the moment. Gonna wait for the last day and see how the total collected USD goes. If its under 7 million Ill probably buy more.

[MrPresident]

For those who were asking about the ICONOMI debit card and how much investment is needed to get it , I found this from the AMA on Reddit yesterday (It seems like most of us won't get it lol) :

totally free that is...  
There will probably be a shipping fee for others with a lower threshold
Ride the Unicorn Stallion baby

[ShooterXD]

Lots of investors equal a lot of dump on launch like lisk. We got half of investors, then i think we have a lot of buys on Exchange launch

[MrPresident]

Lots of investors equal a lot of dump on launch like lisk. We got half of investors, then i think we have a lot of buys on Exchange launch

Yes, we need to all pitch-in and get the word out in droves when the ico closes so there is greater demand at launch. Crypto-News sites being #1 target imho. Maybe with "new blood" being next target.
As an example, my parents and brother are all Bitcoin investors who all instantly saw the potential here (I told them about ICN), and this will be the first alt they plunged into.  
Traditional investors will be less likely to dump on every little tick, giving the tokens more stability and greater demand.

[Furious 7]

Lots of investors equal a lot of dump on launch like lisk. We got half of investors, then i think we have a lot of buys on Exchange launch

Yes, we need to all pitch-in and get the word out in droves when the ico closes so there is greater demand at launch. Crypto-News sites being #1 target imho. Maybe with "new blood" being next target.
As an example, my parents and brother are all Bitcoin investors who all instantly saw the potential here (I told them about ICN), and this will be the first alt they plunged into.  

My friends have a habit
Buying ICO - selling - waiting dump - Buy again
at least they always benefit in this way

[lionheart78]

Lots of investors equal a lot of dump on launch like lisk. We got half of investors, then i think we have a lot of buys on Exchange launch

Yes, we need to all pitch-in and get the word out in droves when the ico closes so there is greater demand at launch. Crypto-News sites being #1 target imho. Maybe with "new blood" being next target.
As an example, my parents and brother are all Bitcoin investors who all instantly saw the potential here (I told them about ICN), and this will be the first alt they plunged into.  

My friends have a habit
Buying ICO - selling - waiting dump - Buy again
at least they always benefit in this way

Precisely this is the cycle of ICO now these days, or maybe even before   Invest, sell when a profit is seen, fud, waiting for dump and then buy again, hype and the cycle repeats.  and i think this project will experience this kind of stuff too but I think the team have lots of stuff to give to develop and deliver or even exceed the expectation of their investors.

[nowclever]

For those who were asking about the ICONOMI debit card and how much investment is needed to get it , I found this from the AMA on Reddit yesterday (It seems like most of us won't get it lol) :

10 btc is a fair price for the debit card. Those who invested will have more reasons to hold. Im personally at the edge of investing more at the moment. Gonna wait for the last day and see how the total collected USD goes. If its under 7 million Ill probably buy more.

Why the card is 10 btc, any special features? Iconomi is a wise team which knows how to make money.

[fraijer]

What's all about that STEEM?

Whole web is talking about it are they ultra scamers or what?

[mtnsaa]

What's all about that STEEM?

Whole web is talking about it are they ultra scamers or what?

Steem to me is confirmed to be a ponzi. The initial distribution and how the economic system works was always clear for me. Steem could've done it right though if they didn't have those crazy whales, witness and mining happening behind curtains.

Basically you buy Steem to support the blockchain payouts and powerdowns from whales and bloggers (that's where the money comes, from you buying Steem, which is almost like donating your money). And what you actually get for buying Steem? Inflation, 100% and 10% if you locked into SP. Which might sound smart, but it's actually much more stupid if you think about it, an inflated crypto with no cap locked for 2 years...

It's so clear to me that I wonder how easy it is to make money in crypto, it scares me.