[ANN] ICONOMI - Fund Management Platform

[DaniellPlasmmer]

yea i want to trade but zero infos.....

no zero infos, but iconomi team still prepare for a the best they dont want fail with their project, wait and patient is a best way, major exchange will interest to added ICN to their website maybe bittrex is the first place

The ticker isn't "ICN", but "ICNX".

It is ICN.

ICNX is ICONOMI.index which will be CTF - tradable fund.

Sorry for my mistake. Good to know.

[Kid-A]

Yes, I hope ICNX will added to Poloniex or bittrex , there is the biggest exchanger for altcoin today, many coin getting succes with that exchanger.
SALUTE For ICNX Team.

[kingcrimson]

I believe it can hit $2.50 which is the value of the DAO. $250 mill.

[aDAPPter]

I predict 100$ by end of day 1  

The best predict I've seen here was 10$ for the end of october.

ain't that too soon?
eth took 2 years before they get to have sufficient value. it would be really surprising to see ICN get about $2 be the end of the year. i will sure have thousands of USD if that happen though.

Exactly!

The funny thing is that to reach $ 100 I'll be a millionaire in my country  

If ICN becomes a successful investment fund that represent all crypto currencies & blockchain fintech; $100 in not too far fetch.

[DaniellPlasmmer]

I predict 100$ by end of day 1  

Did you mean the individual value of ICN? I think it is impossible.

[aDAPPter]

I predict 100$ by end of day 1  

Did you mean the individual value of ICN? I think it is impossible.

Same was said in 2011 about Bitcoin when it was under $1

[MrPresident]

I believe it can hit $2.50 which is the value of the DAO. $250 mill.

That's actually a conservative estimate imho  

[DaniellPlasmmer]

I predict 100$ by end of day 1  

The best predict I've seen here was 10$ for the end of october.

ain't that too soon?
eth took 2 years before they get to have sufficient value. it would be really surprising to see ICN get about $2 be the end of the year. i will sure have thousands of USD if that happen though.

Exactly!

The funny thing is that to reach $ 100 I'll be a millionaire in my country  

If ICN becomes a successful investment fund that represent all crypto currencies & blockchain fintech; $100 in not too far fetch.

Explain more about it, please. How ICONOMI will represent all crypto currencies and how because it can reach 100$?

[MoveCrypto]

(~75000 gas per transaction) × (~3000 transactions) = ~225MM gas to distribute the ICN

(225MM gas)÷(1.5MM gas per block) = 150 blocks

It will take a minimum of 150 full blocks to distribute all the ICN, but probably more

Even if the gas limit went back up to 4.5MM per block, it would still take a minimum of 50 full blocks to distribute all the ICN

So either way, some people will get their ICN earlier than others, and the network will get clogged up with ICN transactions for a bit.

[DaniellPlasmmer]

I predict 100$ by end of day 1  

Did you mean the individual value of ICN? I think it is impossible.

Same was said in 2011 about Bitcoin when it was under $1

I was cetic thinking in other comments, sorry.

[Wall-Street]

(~75000 gas per transaction) × (~3000 transactions) = ~225MM gas to distribute the ICN

(225MM gas)÷(1.5MM gas per block) = 150 blocks

It will take a minimum of 150 full blocks to distribute all the ICN, but probably more

Even if the gas limit went back up to 4.5MM per block, it would still take a minimum of 50 full blocks to distribute all the ICN

So either way, some people will get their ICN earlier than others, and the network will get clogged up with ICN transactions for a bit.

But not everyone wants their ICN at the same time.

Lot of people don't mind waiting.

[MrPresident]

(~75000 gas per transaction) × (~3000 transactions) = ~225MM gas to distribute the ICN

(225MM gas)÷(1.5MM gas per block) = 150 blocks

It will take a minimum of 150 full blocks to distribute all the ICN, but probably more

Even if the gas limit went back up to 4.5MM per block, it would still take a minimum of 50 full blocks to distribute all the ICN

So either way, some people will get their ICN earlier than others, and the network will get clogged up with ICN transactions for a bit.

72 tx per block so 3500tx /72 is 48.6 so 50 blocks on a clear network.
then we start trading 500 blocks later (contract address post)
probably small eth gas bidwar during launch so don't be stingy

[DaniellPlasmmer]

yea i want to trade but zero infos.....

You can wait till october 13 when the ICN will be issued. After the stabilization of the network will be the possibility to exchanges add it, starting possibly by Bittrex.

[junder]

General info post:

To get your tokens you must have a few housekeeping chores done.
1. You must have 2fa enabled on your account 36 hours prior. (do right now)
2. You are not required to move your coin.
3. If you plan on storing your tokens yourself, or transferring to an exchange, you will have 4 options:
 options 1 & 2: Use latest geth release in combo with latest mist or etherwallet release. (mist my preferred method)
     Mist or etherwallet: https://github.com/ethereum/mist/releases/tag/v0.8.4
     Geth: https://github.com/ethereum/go-ethereum/releases:
Install geth after mist or etherwallet (both are on same git page)
Option 3: Install "Parity" Ethereum Lite client wallet. It works as is, and only need sync the last 2800 blocks.    https://ethcore.io/parity.html
Option 4: https://www.myetherwallet.com/#generate-wallet
Directions for secure offline storage using myetherwallet are here:
https://bitcointalk.org/index.php?topic=1587736.msg16514091#msg16514091
Here's a post on the process:
https://bitcointalk.org/index.php?topic=1587736.msg16514091#msg16514091

Here is the blog entry explaining the token watch entry process:
https://medium.com/iconominet/how-to-receive-icn-tokens-in-your-own-ethereum-wallet-72d6bee01b9d#.wpzbmc3zz

Tokenshare calc:
https://medium.com/iconominet/token-share-calculation-affd1c96c482#.plzds0vr4

Tokenshare spreadsheet:
https://docs.google.com/spreadsheets/d/1FztYXiSJy5Ps2xc2nF4D8SHmVEimeFpAzeCfXkptQ00/edit#gid=0




Congrats to all, and good luck!

Nice post and very helpfull
how about the deviden? if we want to hold icn at ico account?
thanks

[DaniellPlasmmer]

If I remove my ethereum wallet address, my ICN will go to an invalid address or been keept in the ICO site?

[electronicash]

(~75000 gas per transaction) × (~3000 transactions) = ~225MM gas to distribute the ICN

(225MM gas)÷(1.5MM gas per block) = 150 blocks

It will take a minimum of 150 full blocks to distribute all the ICN, but probably more

Even if the gas limit went back up to 4.5MM per block, it would still take a minimum of 50 full blocks to distribute all the ICN

So either way, some people will get their ICN earlier than others, and the network will get clogged up with ICN transactions for a bit.

But not everyone wants their ICN at the same time.

Lot of people don't mind waiting.

True. i certainly don't mind waiting. time is the only i have actually but yeah. I've been waiting for a coin that will replace bitcoin or at some point may also have a value larger than what ETH have. If ICN is one, i will definitely keep the rest of what i have.

[Wall-Street]

(~75000 gas per transaction) × (~3000 transactions) = ~225MM gas to distribute the ICN

(225MM gas)÷(1.5MM gas per block) = 150 blocks

It will take a minimum of 150 full blocks to distribute all the ICN, but probably more

Even if the gas limit went back up to 4.5MM per block, it would still take a minimum of 50 full blocks to distribute all the ICN

So either way, some people will get their ICN earlier than others, and the network will get clogged up with ICN transactions for a bit.

But not everyone wants their ICN at the same time.

Lot of people don't mind waiting.

True. i certainly don't mind waiting. time is the only i have actually but yeah. I've been waiting for a coin that will replace bitcoin or at some point may also have a value larger than what ETH have. If ICN is one, i will definitely keep the rest of what i have.

ICN is the first serious contender to take over ETH market cap.

The fundamentals are strong with this one.

[MrPresident]

edit
Nice post and very helpfull
how about the deviden? if we want to hold icn at ico account?
thanks

I'm not sure what they have ready so far, but my guess is that by the time dividends begin, you will have an ETH address already on the site associated with your account ready to receive dividends.
(Distribution phase 2 being creating said accounts)
Phase 3 probably being integrating those addresses into the platform itself.
More info on this will become available as time rolls on.

[Xtrata]

Can we get confirmed if it is possible to keep your ICN on the platform until it hits an exchange and then add the adress from the exchange when its actually live there on the exchange and still have the same chance to transfer funds as anyone else?

[MrPresident]

Can we get confirmed if it is possible to keep your ICN on the platform until it hits an exchange and then add the adress from the exchange when its actually live there on the exchange and still have the same chance to transfer funds as anyone else?

Yes, all will be fair, the contract address will be withheld until all transfers are complete.
I'm not sure if there will be an actual wallet on the site immediately however, so it may be an "all or none" transfer to begin with.