MoveCrypto
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Activity: 364
Merit: 250
move that crypto
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October 12, 2016, 06:42:21 AM Last edit: October 12, 2016, 07:24:49 AM by MoveCrypto |
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https://ethstats.net/It looks like roughly 16MM gas worth of transactions has been getting through on the ethereum network per 10 minutes, because many 0 transaction blocks are getting mined less than 3000 transactions to distribute all the ICN (assuming 500+ investors didn't provide a ETH withdrawal address) Token-sending transactions use about ~3.5x the gas of a normal ETH sending transaction, so around ~75000 gas per transaction. (75000 gas per transaction)×(3000 transactions) = 225MM gas (225MM gas) ÷ (96MM gas per hour) = 2h 20m It would take iconomi a minimum of 2h 20m to send out all the ICN withdrawals. If they increase the gas price of their transactions to 20x the normal rate of 0.00000002 ETH per gas: (225MM gas)×(0.00000040 ETH per gas) = 90 ETH If they wanted to distribute all the ICN with the network in its' current state, I estimate they could do it in less than 4 hours for less than 90 ETH
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SweFinnish
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Activity: 100
Merit: 10
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October 12, 2016, 06:44:52 AM |
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The Problem is we hear nothing about any exchanges
It is not officially launched, how can exchange list it? Bitrrex is ready to launch but they need to wait for the launch first and then list it.
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bearex
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October 12, 2016, 06:45:29 AM |
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OPTION 1. Keep your ICN tokens in the ICONOMI ICO wallet. You can withdraw ICN tokens at any time after 11 October. By keeping your ICN tokens in the ICONOMI ICO wallet, no further action is required.
How to withdraw them?
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Axente
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October 12, 2016, 06:47:54 AM |
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OPTION 1. Keep your ICN tokens in the ICONOMI ICO wallet. You can withdraw ICN tokens at any time after 11 October. By keeping your ICN tokens in the ICONOMI ICO wallet, no further action is required.
How to withdraw them?
If you read a few pages back and looked at their blog you would see they postponed it 2 days to wait on the ETH network to clear up.
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becauseI
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October 12, 2016, 06:49:23 AM |
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And on which hour tomorrow they started?
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MrPresident
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October 12, 2016, 07:05:28 AM |
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The Problem is we hear nothing about any exchanges
That's not a problem, that's a requirement called "NDA" Non Disclosure Agreement
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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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szafa
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October 12, 2016, 07:10:22 AM |
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What happend if eth blockchain do not return to optimal funcional.
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Dank14
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October 12, 2016, 07:12:29 AM |
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OPTION 1. Keep your ICN tokens in the ICONOMI ICO wallet. You can withdraw ICN tokens at any time after 11 October. By keeping your ICN tokens in the ICONOMI ICO wallet, no further action is required.
How to withdraw them?
Once your account has been funded with ICN, you will see the "Send ICN" option. So just send to any exchange of your choice listing ICN.
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pusaka
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October 12, 2016, 07:21:02 AM |
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OPTION 1. Keep your ICN tokens in the ICONOMI ICO wallet. You can withdraw ICN tokens at any time after 11 October. By keeping your ICN tokens in the ICONOMI ICO wallet, no further action is required.
How to withdraw them?
check out here https://medium.com/iconominet/how-to-receive-icn-tokens-in-your-own-ethereum-wallet-72d6bee01b9d#.mftbx6ft2
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Daparski
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October 12, 2016, 07:40:12 AM |
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why don't you share a screenshot of the FINAL amount of ICN tokens, and not estimation? Also, how much IOUs you have? Can you show a proof that it is less or equal to the final amount of ICN tokens you have purchased?
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MadeinCoin
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Activity: 1386
Merit: 1003
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October 12, 2016, 07:41:22 AM |
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What will be the exact date of distribution of ICN Token to ETH Wallet?
Any update about exchange site that will be available the ICN Token?
There are no further updates to your question we're all still waiting for it Check the last post ICONOMi you'll find the latest information if there My advice to enable 2FA in your account and then wait for the announcement new exchanger
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colombuszka
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October 12, 2016, 07:42:49 AM |
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Please dont say things like "ICN will be above 1$ after 1 hour". Totally not real expectations..
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XbladeX
Legendary
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Activity: 1302
Merit: 1002
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October 12, 2016, 07:44:48 AM |
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https://ethstats.net/It looks like roughly 16MM gas worth of transactions has been getting through on the ethereum network per 10 minutes, because many 0 transaction blocks are getting mined less than 3000 transactions to distribute all the ICN (assuming 500+ investors didn't provide a ETH withdrawal address) Token-sending transactions use about ~3.5x the gas of a normal ETH sending transaction, so around ~75000 gas per transaction. (75000 gas per transaction)×(3000 transactions) = 225MM gas (225MM gas) ÷ (96MM gas per hour) = 2h 20m It would take iconomi a minimum of 2h 20m to send out all the ICN withdrawals. If they increase the gas price of their transactions to 20x the normal rate of 0.00000002 ETH per gas: (225MM gas)×(0.00000040 ETH per gas) = 90 ETH If they wanted to distribute all the ICN with the network in its' current state, I estimate they could do it in less than 4 hours for less than 90 ETH LOL this change will be huge for ETH if they rise costs like 20x... From 1-side it will secure network but that makes using ETH network it will be HIGH cost. And that was not planned by anyone who is using ETH for its system. Imagine that cost of your rent goes up 20x... you will be pissed off hard. I don't like when someone is changing business rules. Imagine you planned business on ETH network your business plan got reck becouse your will have to pay 20x more now - brilliant solution
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Request / 26th September / 2022 APP-06-22-4587
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harissengke
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Activity: 104
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October 12, 2016, 07:45:20 AM |
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i think the price max to 0.001 in the first week i hope it hehehe
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honolulumark
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October 12, 2016, 07:48:15 AM |
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Please dont say things like "ICN will be above 1$ after 1 hour". Totally not real expectations..
Exactly, it will be more like $2-4
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Daparski
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October 12, 2016, 07:50:53 AM |
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ICO price is 0.12 usd, 30 is a dream we can see during sleeping. Also - your price chart doen't make sence to me. Funds will be operational already this year, and the final stage of the platform beginning next year. According to your graph price will remain pretty much the same for few months after platform is operational, and then BOOM - 200x in less than a month. It will be more of a linear line goes up with few dips when ppl will sell hard ( around 1-2$,5$, 10$) It is not another speculation-based niche coin and what you show fits more for that and not for an active fund management platform
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xtyling
Sr. Member
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Activity: 588
Merit: 250
Crypto is Life!
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October 12, 2016, 08:08:49 AM |
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Please dont say things like "ICN will be above 1$ after 1 hour". Totally not real expectations..
Okay lets guess it will go 0.99$ that is a better realistic number
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restless
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Merit: 1001
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October 12, 2016, 08:09:41 AM |
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Is there explanation for difference between OPTION 1. Keep your ICN tokens in the ICONOMI ICO wallet. OPTION 2. Provide your own ETH address. ? If I keep these in ICO wallet, will I be able to move the tokens (to exchanges or local wallets, etc ?) If I decide for option 2 - does that mean that I'll have ETH coins and no ICN tokens? Thanks
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ether19
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October 12, 2016, 08:10:31 AM |
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Waiting patiently for the launch. I hope everything will go smoothly without any trouble. Do you guys think Ethereum will be all set to for business after 24 hours from now? Else, we can wait In this for the long game
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Daparski
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October 12, 2016, 08:35:11 AM |
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Is there explanation for difference between OPTION 1. Keep your ICN tokens in the ICONOMI ICO wallet. OPTION 2. Provide your own ETH address. ? If I keep these in ICO wallet, will I be able to move the tokens (to exchanges or local wallets, etc ?) If I decide for option 2 - does that mean that I'll have ETH coins and no ICN tokens? Thanks If I decide for option 2 - does that mean that I'll have ETH coins and no ICN tokens?Sounds that you are not familiar with eth based tokens. I'd suggest you to go for option 1 and keep your tokens on the platform If you choose for option 1 - please make sure you have long (min 12 characters, I'd go for even longer) password that has nothing to do with your registered email password. Enable 2FA and you should be good to go
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