[ANN] ICONOMI - Fund Management Platform

[Pap0u]

Where we supposed to get a confirmation when we PM'd you our iconomi email for the sig bounty?

Anyone who knows the answer, would be great.

[target]

Where we supposed to get a confirmation when we PM'd you our iconomi email for the sig bounty?

Anyone who knows the answer, would be great.

Maybe they will indicate it on our ICO dashboard still.
Not sure but if they intend it to be automated and so i guess here https://ico.iconomi.net/bounties

[jazzong]

just wait for decide of ICNX on 7 oct, all is knowed that ICNX Team is Smart Team, no worrie , ICNX team knowed what must they do regarding Bounties, Our Task is do all instruction on blog ICNX, its enough. no busy or noise ,,, keep calm .
If we dong all task as well surely we can get good rewards, if abuse, or not follow the rule yeah it will kicked out by ICNX ,... I believe to ICNX.

[SwingFirst]

Great work of ICONOMI Team to examine abuses and google translation in the translated threads!

Congratulations

Yes, it is very dishonest to cheat like that.
Speaking of which, I had a look at the swedish "translation" of the ICONOMI ANN and I noticed that it's an obvious google translate job.

Not translation perfect google car you like? (jk) 

What do you even mean?

[smokim87]

Great work of ICONOMI Team to examine abuses and google translation in the translated threads!

Congratulations

Yes, it is very dishonest to cheat like that.
Speaking of which, I had a look at the swedish "translation" of the ICONOMI ANN and I noticed that it's an obvious google translate job.

Not translation perfect google car you like? (jk) 

What do you even mean?

I've been trying to figure that one out for a while now. Some posts do not make sense at all, they do make me laugh so that's nice.

[ParmaBTC]

ICONOMI i sent yesterday for u pm, e-mail icon iconomi accaount - still do not have booked a bonus of campaign signature and no any response

take a look at your ico.iconomi.net account
you should have a message like this

Your Bounties

CLAIM WAS SUCCESSFUL
Your final bounty reward will be visible here on October 7. 2016, 18:00 UTC

in bounty section

[Pap0u]

ICONOMI i sent yesterday for u pm, e-mail icon iconomi accaount - still do not have booked a bonus of campaign signature and no any response

take a look at your ico.iconomi.net account
you should have a message like this

Your Bounties

CLAIM WAS SUCCESSFUL
Your final bounty reward will be visible here on October 7. 2016, 18:00 UTC

in bounty section

Dude the button is for the Twitter and Facebook claim. What he is asking and what I have asked as well is that when you send a PM for SIGNATURE and TRANSLATION bounties, are we supposed to receive a confirmation PM back? God you people really do not comprehend anything do you?

[BoldNinja]

when the right time will be entered into the trading site like poloniex or bittrex

Currently only God, Bittrex, Polo and maybe ICONOMI team knows.

[beyinsi]

@ICONOMI

YES!

please send us a confirmation PM back!!

[kingcrimson]

So iconomi is delaying launch? Getting bad flashbacks to lisk now

[OrangeP]

thay already announced they'd distribute the bounty on 7th.

Iconomi: "Your ICONOMI account is suspended".
Here is why: .

They also do not answer to my requests.


Are you able to access your coins yet? Is there a scam going on?

Any possible reason like what you did before this suspension happen?
Maybe you are caught cheating on bounties like having different twitter accounts or something. i don't see why an ICO account will be suspended aside from cheating on bounties.

Guys, i have a regular account. I submitted thousands of dollars worth of BTC and did not spam anything.

Yet my account is still suspended and no one cares about my requests.

SCAM ALERT

e: They do not even react to anything. I have no clue whats going on.

[smokim87]

So iconomi is delaying launch? Getting bad flashbacks to lisk now

Instead of 10 days, it's 12 days after the ICO ended so next Tuesday instead of this Friday which is good. Fridays/weekend will probably be dead/bloody. Besides it's not like they delayed it a month or something like that.

[MairaObergh]

ETH in freefall. Must be because of the problems.

Does that mean that the invested amount is lower now? Like Lisk?

[p4xil]

ETH in freefall. Must be because of the problems.

Does that mean that the invested amount is lower now? Like Lisk?

No. Read here:
https://medium.com/iconominet/token-share-calculation-affd1c96c482#.ynkser7we

[MairaObergh]

I hope they get this fixed within the next 5 days or ICN may need delay launch until the chain stabilizes.  
if nobody can even create a contract until it's fixed by another hardfork update this could get serious.
As it stands, right now, an exchange couldn't add ICN or ANY Ethereum token if they wanted to.

Even lisk is more stable than this... I run and maintain dozen public Lisk api's, and can't get a single Ethereum contract to register after switching to Parity and re-syncing this is scary. Two dozen coin ecosystems are effected by this. By the looks of it, They have the fork hot-fix but are hesitating to publish it. With any luck he listens to Gavin, and pulls the trigger. Fingers crossed.

Nice one. And we just had discussion in the office about that.

We'll be ready to launch ICN. But if it turns out that network is not stable and substantial amount of people is left with unsynced blockchain (it means also exchange could have issue with it) we will communicate that and delay launch.

We wanna make sure that we start with the launch at in advance communicated time (technically that will be certain block height) and where anyone can sync blockchain. That is the only way to make sure everyone have equal opportunities to access and transfer ICN to exchanges. We wanna make start of the race fair to all.

Fairness is the most important thing, even though I see so many people screaming impatiently to get their bounties.

[MairaObergh]

Better to migrate Iconomi to sidechain on Lisk network,
once its possible because Eth network can be DDosed again.

What if it's being DDOS because of Iconomi? Then Lisk will be DDOSED.

[p4xil]

Dude the button is for the Twitter and Facebook claim. What he is asking and what I have asked as well is that when you send a PM for SIGNATURE and TRANSLATION bounties, are we supposed to receive a confirmation PM back? God you people really do not comprehend anything do you?

Wrong. You MUST press the button to claim ANY bounty. Or you will get nothing.
Read here:
https://www.facebook.com/iconomi.net/posts/660773437423441

[kointrend]

I really don't know what I'm doing ( ) but running this recent release at the same time, seems the wallet (ethereum or mist), syncs smoothly.

https://github.com/ethereum/go-ethereum/releases/tag/v1.4.16

[p4xil]

So iconomi is delaying launch? Getting bad flashbacks to lisk now

Instead of 10 days, it's 12 days after the ICO ended so next Tuesday instead of this Friday which is good. Fridays/weekend will probably be dead/bloody. Besides it's not like they delayed it a month or something like that.

It depends. If DDOS attacks resume at the current rate, then ICONOMI team is considering delaying the launch.
Read here:
https://bitcointalk.org/index.php?topic=1587736.msg16473482#msg16473482

[MalReynolds]

...Let's assume in the first year iconomi.performance invests 7000 BTC into icos, with an average <annual> return of 4x.  That's 21000 BTC profit.  ~20% of this profit will be sent to ICN token holders as dividends.  21000 BTC × 0.20 = 4200 BTC dividends...

<other analysis>

.... I have to say that I like the methodology. Ur pushing good content here MoveCrypto. Thx!

Let's examine this good example a little more to help me (and everybody else) understand just how this is gonna work.

Assume next week at launch that ICONOMI puts 7K BTC into ICNP and then gets 4X on the investment during Year One for a total of 28,000BTC as described above.  Subtract out the original 7K investment and you get the 21K profit mentioned above.  So far so good.

Say ICNP makes equal profit every week in Year One.  Then the weekly ICNP profit is 21K / 52 weeks = 403.85 BTC profit per week, right?

20% of the weekly profit is distributed as dividends to all ICN token holders.  So 403.85 BTC * 0.2 = 80.77 BTC would be distributed per week as dividends, right?  

We've currently got 85M ICN tokens spread among roughly 3500 ICO investors so the average stake is 85,000,000/3500 = 24.3K ICN (round number).   Investors paid the ICO price of 0.13 USD per ICN or 0.00021228 BTC per ICN for each of their tokens.  Total ICO costs for an average 24.3K ICN stake is thus $3159 or 5.15 BTC.  This assumes 1 BTC = $613.40.

Each of these average 24.3K ICN stakes would get an equal amount of the weekly profit, or 80.77 / 3500 = 0.023 BTC per week, right?  Worth a weekly 0.023 * 613.40 = $14.10, or an annual $14.10 * 52 = $733.20.

Bottom line: IF ICNP hits the example 4X per year profit, the "average" ICN investor stands to make $733 per year in dividends on his original 5.15 BTC = $3159 ICO investment JUST FROM THE ICNP FUND.  Actual dividends received would be even higher when additional profits are included from other funds and overall ICN operations.

@ ICONOMI, a question - in this example, ICONOMI has to come up with 80.77 BTC = $49.5K (approx.) per week of cash to distribute as dividends.   ICONOMI gets this cash by trading that amount of ICNP coin holdings into ETH and then distributes the ETH - Is this correct?