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Author Topic: [ANN] ICONOMI - Fund Management Platform  (Read 1253581 times)
OmegaStarScream
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November 06, 2016, 04:38:23 PM
 #13241

As Kraken isn't really friendly with my country , I decided to give Liqui.io a shoot. If I buy , could I withdraw my funds to Myetherwallet and I could spend them and send them somewhere else If I want to ? I heard that I should have a specific amount of ETH to be able to either receive or send (If someone could confirm this) + will I be able to receive dividends?

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aziernest
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November 06, 2016, 04:39:54 PM
 #13242

I am thinking pros and cons of transferring funds into ether wallet, anys uggestion?

kobilica
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November 06, 2016, 04:40:28 PM
 #13243

If you own ICN tokens(dividends) then you receive dividends (ETH) to same address/wallet.
redsn0w
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#Free market


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November 06, 2016, 04:40:59 PM
 #13244

As Kraken isn't really friendly with my country , I decided to give Liqui.io a shoot. If I buy , could I withdraw my funds to Myetherwallet and I could spend them and send them somewhere else If I want to ?

Yeah of course, you need some ether to pay the fees (GAS) for each transaction that you will send from your ethereum address.


I heard that I should have a specific amount of ETH to be able to either receive or send (If someone could confirm this) + will I be able to receive dividends?
you should hold a specific amount of the ethereum token iconomi to be able to receive dividends.
caex
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November 06, 2016, 04:45:46 PM
 #13245

When you hear any official position of this project?
With each passing day looks like a big scam!
Maybe some official position of developers.

thank you
martinholly167
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November 06, 2016, 04:48:52 PM
 #13246

How to copy the picture here in the forum
revelacaogr
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2009 Alea iacta est


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November 06, 2016, 04:59:24 PM
 #13247

WORTH READ...


trick or treat:investment-in-blockchain-cryptoassets


https://medium.com/@flexthought/trick-or-treat-investment-in-blockchain-cryptoassets-b1ad47ef58c#.6dgiccair
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November 06, 2016, 05:02:17 PM
 #13248

I do not know where it says when the dividends will start rolling in

they have to release the product first, or do you think they can magically create them like a ponzi? Cheesy

honolulumark
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November 06, 2016, 05:12:13 PM
 #13249

As Kraken isn't really friendly with my country

What do you mean?
MrPresident
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Think or swim.


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November 06, 2016, 05:13:21 PM
 #13250

Does anyone know the speed of politics in Delaware?
Forget Poloniex, not happening anytime soon.
We don't need them anyway.

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honolulumark
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Knowledge is power


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November 06, 2016, 05:15:00 PM
 #13251

If you own ICN tokens(dividends) then you receive dividends (ETH) to same address/wallet.

So, if you have ICN in Kraken, you'll receive ETH in your ETH address on Kraken?
MrPresident
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November 06, 2016, 05:18:49 PM
 #13252

If you own ICN tokens(dividends) then you receive dividends (ETH) to same address/wallet.

So, if you have ICN in Kraken, you'll receive ETH in your ETH address on Kraken?
Ofc not. Do you really think an exchange would give you the dividends for tokens THEY HOLD?

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honolulumark
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November 06, 2016, 05:22:00 PM
 #13253

If you own ICN tokens(dividends) then you receive dividends (ETH) to same address/wallet.

So, if you have ICN in Kraken, you'll receive ETH in your ETH address on Kraken?
Ofc not. Do you really think an exchange would give you the dividends for tokens THEY HOLD?

yeah,why not?
OmegaStarScream
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November 06, 2016, 05:22:57 PM
 #13254

As Kraken isn't really friendly with my country , I decided to give Liqui.io a shoot. If I buy , could I withdraw my funds to Myetherwallet and I could spend them and send them somewhere else If I want to ?

Yeah of course, you need some ether to pay the fees (GAS) for each transaction that you will send from your ethereum address.


I heard that I should have a specific amount of ETH to be able to either receive or send (If someone could confirm this) + will I be able to receive dividends?
you should hold a specific amount of the ethereum token iconomi to be able to receive dividends.

I was speaking about ETH since you said I need some to be able to send (how much ETH is that) ? as for the ICONOMI Tokens I thought everyone who holds some ICNs (no matter what amount) will be receiving dividends , since It's not the case , how much should I have ?

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mike77777
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November 06, 2016, 05:25:47 PM
 #13255

If you own ICN tokens(dividends) then you receive dividends (ETH) to same address/wallet.

So, if you have ICN in Kraken, you'll receive ETH in your ETH address on Kraken?
Ofc not. Do you really think an exchange would give you the dividends for tokens THEY HOLD?

There was info in the beginning that Iconomi will cooperate with exchanges which will give dividends to users. Something changed in that matter?
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November 06, 2016, 05:27:39 PM
 #13256


Wow he must have spent weeks writing this entry.
I missed a lot of these coins that I should have invested actually, Arcade City seem not promoted here in the forum. Most of what is in my stash are Lisk, WAVES, ICN.

If you own ICN tokens(dividends) then you receive dividends (ETH) to same address/wallet.

So, if you have ICN in Kraken, you'll receive ETH in your ETH address on Kraken?
Ofc not. Do you really think an exchange would give you the dividends for tokens THEY HOLD?

I think you would have to actually use your ICN to acquire ICNX and ICNP for dividends.  this is just my opinion though.









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MrPresident
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November 06, 2016, 05:29:16 PM
 #13257

As Kraken isn't really friendly with my country , I decided to give Liqui.io a shoot. If I buy , could I withdraw my funds to Myetherwallet and I could spend them and send them somewhere else If I want to ?

Yeah of course, you need some ether to pay the fees (GAS) for each transaction that you will send from your ethereum address.


I heard that I should have a specific amount of ETH to be able to either receive or send (If someone could confirm this) + will I be able to receive dividends?
you should hold a specific amount of the ethereum token iconomi to be able to receive dividends.

I was speaking about ETH since you said I need some to be able to send (how much ETH is that) ? as for the ICONOMI Tokens I thought everyone who holds some ICNs (no matter what amount) will be receiving dividends , since It's not the case , how much should I have ?
One ICN.

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November 06, 2016, 05:31:26 PM
 #13258

I am thinking pros and cons of transferring funds into ether wallet, any suggestion?

IMO there is no perfect or better option - it is always a trade-off.

Generating your private key online is not wise. myetherwallet is a complete client side key generator (you can test it with dev tools-->network and make sure that not a single bit is sent from the browser during the key generation). You can indeed download the source code from the official website and do that completely offline.

Desktop wallets - the problem, or the vulnerability, is when you generate the wallet and password or when signing a transaction online - if your PC is compromised (most times you won't be aware it is) you may lose your wallet balance.
Another risk with desktop wallets is forgetting your password or losing the keystore file. Yes, backups can and should be made, but each backup increases the chance that it will be stolen (again - trade-off).
In any case, DO NOT store your backup file anywhere online - you may be a subject to brute force without even knowing that. In that case it is only a matter of time until your password will be cracked.
Personally my problem with desktop wallets is that there is no 2FA.
You can generate your "wallet" offline on clean PC and sign the spend transactions offline - this should be as secured as you can get in case you remember your password and your keystore file was not stolen.

Offline/paper storage - the most secure way to store your tokens. The downsides are physical damage or lost (especially if it is planned for long store) and theft. Usually used for long-term storage.

Last and not least: Keep your tokens on Iconomi platform. The advantage is that you are getting good security (offline multi-sig cold storage) with relatively easy but still secured way to spend the funds (login credentials, 2FA and email verification).
The trade-off - technically speaking, you don't have control over your own funds. This is where TRUST plays major role. So far (looking back 4+ years), Iconomi team had given us zero reasons not to trust them.
Personal advice if you don't feel comfortable with wallets, offline generators, keystores, etc - make a strong, long (minimum 16 unique characters, no words or qwerty-based phrase), and unique password for Iconomi platform login and keep your precious tokens onsite, Iconomi team will make sure it is kept offline.
If you chose that option, make sure that your email and Iconomi passwords have nothing in common and are not used anywhere else.

Remember: If you screw something with your own wallet - you may lose your tokens forever! Add that to the trade-off calculation before deciding.


Some of the things were written here before, it is not all out of my head, but more like a summary.
Hope it helps
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November 06, 2016, 05:32:43 PM
 #13259

I think you would have to actually use your ICN to acquire ICNX and ICNP for dividends.  this is just my opinion though.
If that's the case, better sell now. How do you expect the Index and PFunds will invest into other crypto's?  Bitcoin.
If they were to accept ICN, they would then need to sell ICN's to buy the perspective asset. That simply cannot happen.

Whales and plebs alike will need sell their ICN's or buy new BTC if they want in managed funds.

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Daparski
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November 06, 2016, 05:33:36 PM
 #13260

If you own ICN tokens(dividends) then you receive dividends (ETH) to same address/wallet.

So, if you have ICN in Kraken, you'll receive ETH in your ETH address on Kraken?
Ofc not. Do you really think an exchange would give you the dividends for tokens THEY HOLD?

There was info in the beginning that Iconomi will cooperate with exchanges which will give dividends to users. Something changed in that matter?

nothing official from the team. All you hear is speculations or private opinions
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