[ANN] ICONOMI - Fund Management Platform

[biggzi]

Why can't the tokens be released before any exchanges? I'm surprised no exchange has even talked about adding ICONOMI yet...weird.

I think I remember someone talking about an NDA being in place which is why its all a bit hush hush.

[Videodrome]

From ICONOMI delay blog post on medium:

As a substantial number of ICONOMI ICO investors intend to move ICN tokens to exchanges, we do not want to launch into an environment where investors might have to wait an excessive period of time to access ICN tokens; furthermore, this might also hinder the listing of ICN tokens at exchanges.

This is a no sense, first do the genesis then, also after month you can  hit the exchange. Like a lot of project have done in the past years.


Devs are trolling us or are they so unpreparated?

[VanDeinsberg12]

The exact time of tomorrow's launch?  

Wait for further announcements and updates from the team

hmm seems people can not wait to sell ICN

I just believe if the lauching of the iconomi tokens will got a delayed, the gas limit is not enough for covering the standard distribution of icn tokens.... i may 40 percent tommorow the coins will be lauched by the team and the another percentage are canceled by the team....  so i guess not wishing more about the icn token will lauched tommorrow.

[XbladeX]

....the iconomi tokens will got a delayed, the gas limit ...

WTF is with that ETH ? DDOS or gas (fees) abuse ?
Those are two different types of problem.
The longer it takes that ETH doesn't look good in my eyes.
It's like dealing with Microsoft support "we are working on that that you for report" few months later nothing...

[Daparski]

The exact time of tomorrow's launch? 

Wait for further announcements and updates from the team

hmm seems people can not wait to sell ICN

yepp, really don't see why ppl are so fckn eager. Just hold your horses for a while

[becauseI]

some of us invested a lot money ( mor than 50.000Euro) to make a quick buck.
And so it couldnt be fast enough to dump them

[Daparski]

The exact time of tomorrow's launch? 

No need to ask over & over the same question again. Whatch the blog and you will know like everyone else.

Beside, don't expect to buy & sell ICN straight after release. It took over 6 months for Augur's token to be listed on Polo & Kraken. Not trying to FUD but I'm being realistic... A listing doesn't happen overnight. It may take some time (days even weeks) before a token is officially recognised & listed.

It may take some time (days even weeks) before a token is officially recognized & listed.

I hope ICN tokens will be listed faster. Can't look at the same crybabies posts. Let them have their bounties and sell it already.

[Daparski]

some of us invested a lot money ( mor than 50.000Euro) to make a quick buck.
And so it couldnt be fast enough to dump them

no way you invested 50,000 euro and u r gonna dump it first week
Unless you got the money from daddy

[kalpit]

Update from Telegram.

ICNs would be definitely released within 1 week. It appears tere are chances that it is released in a day or two.

Here's what Jaka said,

Kal:
"Jaka So can we expect release in 1-2 weeks?"

Jaka Mele:
"Worse case scenario is <1 week. Still open for tomorrow tho..."

It appears that team of developers are working hard to find a solution.

[becauseI]

some of us invested a lot money ( mor than 50.000Euro) to make a quick buck.
And so it couldnt be fast enough to dump them

no way you invested 50,000 euro and u r gonna dump it first week
Unless you got the money from daddy

50.000 invested. in first hours cashout with x2 90.000€. 10.000 letting in for the future.

[boestin]

Actually I am expecting that the distribution tomorrow goes as planned, there will be no more delays.
A couple of reasons for them to stick to plan B:

- They can't say anything about exchanges, because their under NDA. The exchanges in question (Kraken, Bittrex, etc) have a their own planning. All is depedent on one another, and my guess is that they don't want to put to much pressure on Kraken and possibly other NDA's
- If it's being delayed longer, the investors lose some trust
- Ethereum's network is being spammed yes, but if you update the client ~ or start with a clean chain-data and use the fast option it is possible to sync.

[XbladeX]

...
- Ethereum's network is being spammed yes
....

Ethereum need to go back to 0.005 to do something.

[tulipbubble]

Actually I am expecting that the distribution tomorrow goes as planned, there will be no more delays.
A couple of reasons for them to stick to plan B:

- They can't say anything about exchanges, because their under NDA. The exchanges in question (Kraken, Bittrex, etc) have a their own planning. All is depedent on one another, and my guess is that they don't want to put to much pressure on Kraken and possibly other NDA's
- If it's being delayed longer, the investors lose some trust
- Ethereum's network is being spammed yes, but if you update the client ~ or start with a clean chain-data and use the fast option it is possible to sync.

Yes, we don't need to know more, everything will happen, disclose NDA is an immoral thing.

[weirdgod]

1. Fund management platform will come in 2017... Auditing the platform before the public launch is planned. We will communicate details, once there...
What about Performance fund? It is schedule to go live this year and it is quite healthy already. Will it be audited as well? Please elaborate on that a bit more, if you can.

We can not comment on the ICONOMI.PERFORMANCE yet.
More on that when we launch it.

3. We will apply both. Everything we do is multisig and we will hold majority of ICN tokens left on the platform in the offline storage.
Joining ttookk question: This probably means that withdrawing ICN from the platform will be a semi-automatic process, right? So, it would take a while, let's say 1-2 days?
and would like to add: Will it be possible to withdraw part of the tokens from the platform, or just the entire bulk?

Small operational portion will be held in hot wallet. Majority of funds will be held in multisig cold wallets. And when balance in hot will be decreasing we'll fill hot from cold when needed. So in most cases this should be instant.

Regarding partial withdrawals of ICN tokens - it will be possible once we enable it.

[iotacampaign]

....the iconomi tokens will got a delayed, the gas limit ...

WTF is with that ETH ? DDOS or gas (fees) abuse ?
Those are two different types of problem.
The longer it takes that ETH doesn't look good in my eyes.
It's like dealing with Microsoft support "we are working on that that you for report" few months later nothing...

I also did not think at that ETH would be better in the future, somehow ICONOMI under them as a token

[Djanggo]

iconomi is looking good

[BlockEye]

....the iconomi tokens will got a delayed, the gas limit ...

WTF is with that ETH ? DDOS or gas (fees) abuse ?
Those are two different types of problem.
The longer it takes that ETH doesn't look good in my eyes.
It's like dealing with Microsoft support "we are working on that that you for report" few months later nothing...

I also did not think at that ETH would be better in the future, somehow ICONOMI under them as a token

You are absolutely right. Ether security has many lapses and can be hacked easily, their server is a failure and a lot issue is facing in their service, i think ethereum is not worth for ICONOMI, honestly speaking i hate using ethereum wallet because i feel always that it is not safe to stored cash there :/

[YIz]

....the iconomi tokens will got a delayed, the gas limit ...

WTF is with that ETH ? DDOS or gas (fees) abuse ?
Those are two different types of problem.
The longer it takes that ETH doesn't look good in my eyes.
It's like dealing with Microsoft support "we are working on that that you for report" few months later nothing...

I also did not think at that ETH would be better in the future, somehow ICONOMI under them as a token

You are absolutely right. Ether security has many lapses and can be hacked easily, their server is a failure and a lot issue is facing in their service, i think ethereum is not worth for ICONOMI, honestly speaking i hate using ethereum wallet because i feel always that it is not safe to stored cash there :/

Not safe to store your ether? the ethereum protocol was NEVER damaged, the only major issue it had was The DAO, which was a third party DAPP. Ethereum is safe as Bitcoin.

[Daparski]

1. Fund management platform will come in 2017... Auditing the platform before the public launch is planned. We will communicate details, once there...
What about Performance fund? It is schedule to go live this year and it is quite healthy already. Will it be audited as well? Please elaborate on that a bit more, if you can.

We can not comment on the ICONOMI.PERFORMANCE yet.
More on that when we launch it.

3. We will apply both. Everything we do is multisig and we will hold majority of ICN tokens left on the platform in the offline storage.
Joining ttookk question: This probably means that withdrawing ICN from the platform will be a semi-automatic process, right? So, it would take a while, let's say 1-2 days?
and would like to add: Will it be possible to withdraw part of the tokens from the platform, or just the entire bulk?

Small operational portion will be held in hot wallet. Majority of funds will be held in multisig cold wallets. And when balance in hot will be decreasing we'll fill hot from cold when needed. So in most cases this should be instant.

Regarding partial withdrawals of ICN tokens - it will be possible once we enable it.

More on that when we launch it.

Well, the question is relevant for anytime before the fund becomes active. After all, we put a lot of money in the fund and it would be good to know that the platform and the code has been reviewed by more than 2-3 employees before it goes live.
Don't you think that?

[c4s7or]

....the iconomi tokens will got a delayed, the gas limit ...

WTF is with that ETH ? DDOS or gas (fees) abuse ?
Those are two different types of problem.
The longer it takes that ETH doesn't look good in my eyes.
It's like dealing with Microsoft support "we are working on that that you for report" few months later nothing...

I also did not think at that ETH would be better in the future, somehow ICONOMI under them as a token

You are absolutely right. Ether security has many lapses and can be hacked easily, their server is a failure and a lot issue is facing in their service, i think ethereum is not worth for ICONOMI, honestly speaking i hate using ethereum wallet because i feel always that it is not safe to stored cash there :/

Not safe to store your ether? the ethereum protocol was NEVER damaged, the only major issue it had was The DAO, which was a third party DAPP. Ethereum is safe as Bitcoin.

I see this as a sign of strength that the ETH network can handle the attacks without any serious damage.