[ANN] ICONOMI - Fund Management Platform

[MoveCrypto]

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

[1715543967]

1715543967

[1715543967]

1715543967

[SweFinnish]

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.

[bearex]

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?

[Axente]

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.

[becauseI]

And on which hour tomorrow they started?

[MrPresident]

The Problem is we hear nothing about any exchanges

That's not a problem, that's a requirement called "NDA" Non Disclosure Agreement

[szafa]

What happend if eth blockchain do not return to optimal funcional.

[Dank14]

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.

[pusaka]

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

[Daparski]

"hi" what a strange user name...  This screenshot doesn't prove that Liqui has participated in the ICO

it is true. It can be trick using inspect element on browser or adobe photoshop edit. I will be convince that liqui holds that ICN once the ICONOMI team confirms that "Hi" have that amount of ICN!
But for now, Liqui's claim is just a hearsay, Trade with extreme caution!

Ok, guys - one more time. We send customers funds in ICO and collect all transaction data in this doc - https://docs.google.com/spreadsheets/d/1noAF1GSCVpRjIBP0FDaMQdSDqexVzxV5bYiwH66droI/edit#gid=0.

If it difficult to open doc, see this transactions here:

1) https://blockchain.info/tx/7df5858a5dda692d233aa3cae24a639938d5b3353a046f47970f53b12844a005
2) https://blockchain.info/tx/c99033ecd95e218df47a12f6575f2cb3d188c6c6aaa9618a709503acc6a84ff6
3) https://blockchain.info/tx/060615a31fef2b3905615dcc0e5a7a3c9bc08c513bdf5d0a1caa581c756a7281
4) https://blockchain.info/tx/2ac80ddc41d6fdd53f4cd2e130e88c58d3171237dc94ebef69ce374974505fc0
5) https://blockchain.info/tx/edc0131f992b0a2fa48b28a37472bb9e57cc11083025598e83a780be47d0d19d
6) https://blockchain.info/tx/ddc9c6b983b564376144948d6c9d35172c8ee1892757681419c6f8ea2087d7fd
7) https://blockchain.info/tx/fa4dff49a67e1783983dbabfd0a8c6a36e62abc35cdb267ff9386ed67f573074


So our IOU tokens cryptographically verified. All transactions sent from signed Liqui wallet - https://blockchain.info/address/19f11rD8xtSoCzwbxgqYmAbnXTqexG9Jma.

P.S. regarding ICO cabinet username - it is hi@liqui.io

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?

[MadeinCoin]

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

[colombuszka]

Please dont say things like "ICN will be above 1$ after 1 hour".  Totally not real expectations..  

[XbladeX]

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

[harissengke]

i think the price max to 0.001 in the first week
i hope it hehehe

[honolulumark]

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   

[Daparski]

I predict 100$ by end of day 1  

It will be?

We can't know excatly. Investing isn't a exact science.

Here is my current conservative investment science for ICN [Iconomi]:


https://s21.postimg.org/5d44ycm8n/Iconomi_Jun_2017.jpg

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

[xtyling]

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

[restless]

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

[ether19]

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 

[Daparski]

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