NoiseBoy
Sr. Member
Offline
Activity: 266
Merit: 250
Sound. Fury. Signifying.
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October 29, 2016, 02:37:54 PM |
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I disagree with the method people are using to determine the ICO price. You're using 85 million tokens as the denominator--because that's how many were issued to investors. 100 million were minted however (I know that you all know this, just reiterating it), and the extra 15 million are in the hands of the devs. They are investors too, and while they're somewhat honor bound not to bring their coins onto the market, they still get the long term benefits of holding those coins. Moreover, those coins will dilute dividends, those coins could eventually hit the market, and most of all, those coins contain their fractional share of up-front investment by ICO buyers.
TL;DR we should be using 100 million tokens, not 85 million tokens, for the denominator to calculate ICO token value.
Thus, ICO per token value = $10,682,516.42 / 100,000,000 = $0.106825
With a current bitcoin price of $710.00, that's 0.0001505 ICN/BTC.
On Kraken, 0.000168 is trading, meaning ICN remains 11.66% above ICO price.
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Daparski
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October 29, 2016, 02:41:39 PM |
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Edit: Just got a respond from Jani on reddit: "Most likely with the launch of ICONOMI.index and ICONOMI.performance funds or right after. ICONOMI.index and ICONOMI.performance is our no.1 priority right now and we're on a really really short deadlines at the moment - we need to, and we will launch before year ends."
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yespeace
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October 29, 2016, 02:45:22 PM |
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I disagree with the method people are using to determine the ICO price. You're using 85 million tokens as the denominator--because that's how many were issued to investors. 100 million were minted however (I know that you all know this, just reiterating it), and the extra 15 million are in the hands of the devs. They are investors too, and while they're somewhat honor bound not to bring their coins onto the market, they still get the long term benefits of holding those coins. Moreover, those coins will dilute dividends, those coins could eventually hit the market, and most of all, those coins contain their fractional share of up-front investment by ICO buyers.
TL;DR we should be using 100 million tokens, not 85 million tokens, for the denominator to calculate ICO token value.
Thus, ICO per token value = $10,682,516.42 / 100,000,000 = $0.106825
With a current bitcoin price of $710.00, that's 0.0001505 ICN/BTC.
On Kraken, 0.000168 is trading, meaning ICN remains 11.66% above ICO price.
You apparently do not understand the math only thing that matters is hw much diod you pay for 1 ICN at the begining and how much you need to pay it now! your calculations means nothing!
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CaptainJack
Newbie
Offline
Activity: 47
Merit: 0
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October 29, 2016, 02:47:42 PM |
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ha ha ha ha ha what a joke
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NoiseBoy
Sr. Member
Offline
Activity: 266
Merit: 250
Sound. Fury. Signifying.
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October 29, 2016, 02:50:27 PM |
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I disagree with the method people are using to determine the ICO price. You're using 85 million tokens as the denominator--because that's how many were issued to investors. 100 million were minted however (I know that you all know this, just reiterating it), and the extra 15 million are in the hands of the devs. They are investors too, and while they're somewhat honor bound not to bring their coins onto the market, they still get the long term benefits of holding those coins. Moreover, those coins will dilute dividends, those coins could eventually hit the market, and most of all, those coins contain their fractional share of up-front investment by ICO buyers.
TL;DR we should be using 100 million tokens, not 85 million tokens, for the denominator to calculate ICO token value.
Thus, ICO per token value = $10,682,516.42 / 100,000,000 = $0.106825
With a current bitcoin price of $710.00, that's 0.0001505 ICN/BTC.
On Kraken, 0.000168 is trading, meaning ICN remains 11.66% above ICO price.
You apparently do not understand the math only thing that matters is hw much diod you pay for 1 ICN at the begining and how much you need to pay it now! your calculations means nothing! Funny--I started mentally writing a scathing response/rebuttal, then a little voice in my brain yelled, "Hey dumbass, that guy was JOKING."
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@Hakermania@
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October 29, 2016, 03:10:46 PM |
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ICN is much better than many other coin! Hold your coin and one day you will be rewarded for your patience!
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CoinMega
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October 29, 2016, 03:11:01 PM |
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I disagree with the method people are using to determine the ICO price. You're using 85 million tokens as the denominator--because that's how many were issued to investors. 100 million were minted however (I know that you all know this, just reiterating it), and the extra 15 million are in the hands of the devs. They are investors too, and while they're somewhat honor bound not to bring their coins onto the market, they still get the long term benefits of holding those coins. Moreover, those coins will dilute dividends, those coins could eventually hit the market, and most of all, those coins contain their fractional share of up-front investment by ICO buyers.
TL;DR we should be using 100 million tokens, not 85 million tokens, for the denominator to calculate ICO token value.
Thus, ICO per token value = $10,682,516.42 / 100,000,000 = $0.106825
With a current bitcoin price of $710.00, that's 0.0001505 ICN/BTC.
On Kraken, 0.000168 is trading, meaning ICN remains 11.66% above ICO price.
No. ICO price is determined by how much it cost the the investors to get 1 ICN token. Investors paid $10.5 Million for 85% of ICONOMI, whole company (100Million Tokens) is [was] worth about 12.35 Million. BTW, is it correct that the person who holds more than 50% of the tokens in circulation can take all the major decisions?
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ALTIEX
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October 29, 2016, 03:23:56 PM |
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there is good news from the devs or fly down ??
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favdesu
Legendary
Offline
Activity: 1764
Merit: 1000
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October 29, 2016, 03:25:57 PM |
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How to fund my account in iconomi?
that's not possible at the moment. they do not offer a "wallet"
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btcdevil
Legendary
Offline
Activity: 1302
Merit: 1027
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October 29, 2016, 03:38:44 PM |
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How to fund my account in iconomi?
that's not possible at the moment. they do not offer a "wallet" Mostly this will be possible as from December you can do buying and selling from ICO account or from ICONOMI site itself , this information was given by them some days back. They are preparing the trading platform inside the ICO itself.
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honolulumark
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October 29, 2016, 03:53:46 PM |
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ICN is much better than many other coin! Hold your coin and one day you will be rewarded for your patience! It's not a coin, it's an asset.
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mashcom
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October 29, 2016, 04:10:48 PM |
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The first scamcoin shitcoin that kraken added on its exchange , awesome. I guess kraken loves ethereum's token.
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topesis
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October 29, 2016, 04:12:24 PM |
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I hope that after the performance fund has been raised ICONOMI guys will lobby to put ICN on Bittifinex and Poloniex, no Whales will want to trade on low volume exchanges
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tradoz
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October 29, 2016, 04:16:47 PM |
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I hope that after the performance fund has been raised ICONOMI guys will lobby to put ICN on Bittifinex and Poloniex, no Whales will want to trade on low volume exchanges
Poloniex is the right place to catch of the big investors it have more bigger whales, it will bring positive result if ICN will get listed to that exchange, I am also still holding my token there and very hopeful for brighter future.
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electronicash
Legendary
Offline
Activity: 3220
Merit: 1054
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October 29, 2016, 04:19:35 PM |
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The first scamcoin shitcoin that kraken added on its exchange , awesome. I guess kraken loves ethereum's token.
that's right and people like it and will keep it for good. just like how wavesters patiently waits for the fukllnodes, i guess the rest of the ICN investors will also wait for the ICONOMI.index and ICONOMI.performance.
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Wall-Street
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October 29, 2016, 04:21:15 PM |
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Amazing progress! ICONOMI is really going to take the worlds of Crypto and Finance by surprise.
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achtungbabe
Newbie
Offline
Activity: 54
Merit: 0
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October 29, 2016, 04:39:15 PM |
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https://i.imgur.com/UhSjHuv.png> answer will come next year. when first payouts happen GREAT, I knew I should have never trusted dumb slavs with my money, 30% down in the first two days, and a push back in promises. FUCK!
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honolulumark
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October 29, 2016, 04:42:36 PM |
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> answer will come next year. when first payouts happen GREAT, I knew I should have never trusted dumb slavs with my money, 30% down in the first two days, and a push back in promises. FUCK! shit, is this tweet real?
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electronicash
Legendary
Offline
Activity: 3220
Merit: 1054
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October 29, 2016, 04:47:06 PM |
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Amazing progress! ICONOMI is really going to take the worlds of Crypto and Finance by surprise. the preview state ICN = $12! I must calculate which are the things i can buy later on. It will be a good Christmas bonus for us if they get to released ICNX and ICNP before the year end.
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len01
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October 29, 2016, 04:49:54 PM |
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> answer will come next year. when first payouts happen GREAT, I knew I should have never trusted dumb slavs with my money, 30% down in the first two days, and a push back in promises. FUCK! shit, is this tweet real? lol next year, looks like real tweet
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