[ANN] ICONOMI - Fund Management Platform

[Daparski]

Hope Iconomi invested massively in Golem (GNT), their ico raised 1millions of ether in just 10 minutes, their ico just ended!

you don't get how ICN operates, I'd recommend reading the FAQ & WP.

also, lul clueless people dump millions to the shittiest ICO these days, that's no indicator for success.

I don't think that is just another shitcoin ico, they raise 1 millions of ethers in just half an hour, Iconomi is about investment in other cryptocoins and startup, am I right?

Please don't be carried away with Golem ICO, I remember vividly the success of Singularity ICO, it also raised $7 million in 30 mins and the price is now 50% below the ICO price. Whales are the ones determining the prices of the tokens and not the fundamentals which is something that bothers me

Firstblood as well..
How fast ICO collects X amount of money is no guarantee.
Trust Jani and the team, they know what to do.

[MoveCrypto]

Dividends are just the icing on the cake.  The real price of ICN tokens will come from the fact that they represent the Open Fund Management application and its' userbase

Apps like Whatsapp and Snapchat have market caps over $20 billion, despite the fact that they have negative profits, meaning they spend A LOT more money than they earn.

Why do these tech apps, which pay 0 dividends, have such a high market cap then?  Because their huge userbases are valuable.

If OFM platform gets even 5k users, than it will be the 3rd largest userbase on coinmarketcap behind Bitcoin and Ethereum.

[aDAPPter]

Hey, I have noobs question: I sent my ICN to kraken, but now that I bought some more I would like to send it back to eth wallet. I should be able to get dividends right ?
thanks

[ShooterXD]

Icn have a great future, but this future just come with dividends.

[favdesu]

Dividends are just the icing on the cake. 

ugh no, that's the whole point of ICN as underlying asset.

[Daparski]

For one year, it is possible to get $ 1 per ICN dividends.
 
Me too will be very satisfied with $ 0.1 weekly dividends per ICN.

I've already written this about ICN dividends:

https://www.reddit.com/r/ICONOMI/comments/5bi5em/what_defines_success_for_icnp/?st=ivdx8vk1&sh=07c6dbb9

As the article above discusses,  ICNP needs to go from its initial $4.6M to 2.7X during 2017 for a 15% annual dividend and 3.7X during 2017 for a 25% annual dividend.  Hitting 3.7X would make ICN a better dividend asset than any stock on NASDAQ and make ICONOMI a rock-star crypto on Wall Street.  

So let's look at the rock-star crypto 3.7X case.  $4.6M X 3.7 = $17M.    Profit is $17M - $4.6M = $12.4M.    Dividends to be distributed during 2017 would be 20% of that profit or $12.4M*0.20 = $2.5M.  These dividends would be distributed over 100M ICN tokens so each ICN token would receive $2.5M / 100M = 0.025 USD = 2.5 cents per ICN token over ALL of 2017.  If there was a constant weekly distribution of dividends over the 52 weeks in 2017, then the weekly distribution for each ICN would be 0.025 USD / 52 = 0.0005 USD per week or one-twentieth of a penny per week per ICN.  

So to equal the very best dividend stock on NASDAQ, ICONOMI must provide dividends per individual ICN token of $0.0005 USD per week or 0.025 USD total during all of 2017.

This analysis ignores other income streams besides ICNP.  This also ignores buying still more ICN weekly with your dividends for a compounding effect.

Getting back to the quote at the top of this post, EVERYBODY would be very satisfied with $0.10 weekly dividend per individual ICN.  This would mean ICONOMI would be paying out out $0.10 * 52 = $5.20 during 2017 on each ICO $0.1257 ICN token.  They would need $5.20 * 100M = $520M in cash to distribute as dividends to meet this 0.10USD per week per ICN target.  If this half-billion dollar dividend pool came from 20% of ICNP total profits, then the ICNP profits need to be $520M/0.2 = $2.6 billion.  With a B.  Growing the ICNP from its current $4.6M to $2.6046B is a multiplier of 566X, in a direct comparison of the 3.7X multiplier above that would make ICONOMI a NASDAQ rock star.

Hope is a good thing for the human mind to have.  Math is a better thing for the human mind to have.

Now, is ICN a panic sell if they can't hit a ridiculous 566X profit multiplier and turn ICNP into a multi-billion dollar fund in under 12 months to feed everybody's totally unrealistic dreams of $0.10 weekly profits per ICN?  Not at all.

ICN IS NOT A PANIC SELL WHEN YOU SUDDENLY REALIZE THE TRUTH ABOUT IT.   IT IS A DEFINITE BUY.

ICONOMI is not aimed at crypto children that don't know enough math to realize when their dreams are ridiculous.  ICONOMI is aimed at traditional fiat investors that currently have WAY WAY WAY more money to invest than the entire total in crypto right now.  And those traditional fiat investors are all crazy starved for income yield since the central banks have collapsed interest rates to zero over the past eight years.  

IF ICONOMI CAN HIT A 3.7X MULTIPLIER FOR ICNP TO BECOME BETTER THAN ANY OTHER NASDAQ DIVIDEND INVESTMENT, TRADITIONAL INVESTORS WILL POUR HUGE AMOUNTS INTO BUYING UP ICN TOKENS TO SECURE THAT DIVIDEND LEVEL FOR THEMSELVES.

Traditional fiat investors do not live in the crypto dream fantasy world of hoping for 566X multipliers on crypto-ICO performance funds.  They live in the real world where they will pour HUGE sums of money into purchasing any investment that can give them a 25% annual return on their money.  

That may be ICN tokens very soon, if ICONOMI can turn $4.6M into $17M during 2017 by investing ICNP funds into startup crypto efforts.

And you certainly should not panic about putting your money into something that could quite easily give you 25% or more return on your investment annually.

I am HODLING.

Mal, it looks like you will repeat yourself few more times, just like you already did in the last 2 weeks. Weatherman you said once  
I'd suggest to have a link to your AWESOME post, and add the short summary (most "investors" will find the post too long anyway).

Hope is a good thing for the human mind to have.  Math is a better thing for the human mind to have.

[5thangel]

It's best not to speculate about the dividends, just wait!

agree  just a waste of time

[BTCSpearo]

It's best not to speculate about the dividends, just wait!

agree  just a waste of time

What's the ETA again on the first installment of dividend payments? Are we weeks or months away from a tiny little check that makes me smile.

[Daparski]

It's best not to speculate about the dividends, just wait!

agree  just a waste of time

What's the ETA again on the first installment of dividend payments? Are we weeks or months away from a tiny little check that makes me smile.

weeks. Up to 6 weeks before the first two funds go live. Dividends will follow after that.
Don't forget that in order to get dividends, Iconomi has to realize those profits, meaning they have to sell positions in whatever they have invested.
So I wouldn't expect dividends 1st week after the platform goes live, maybe from ICNX, though.

[Wall-Street]

What do you have exactly when you buy ICN?
When we buy ether for example, it's offering access to the whole ethereum eco system... dapps, tokens etc. You need to have ether to transact in the ethereum echo system.
What is the purpose exactly of the ICN Cryptocurrency? What is the use of it?

It's all in the the whitepaper & FAQs: https://ico.iconomi.net/faq



I hope this infographics helps people who don't bother reading the whitepaper or FAQs

Here's how to do it so people can actually understand you

Another reason why ICONOMI is going to the moon:
ICN total supply of 100million IS FINAL, NEVER GOES UP. 0% Inflation.
ICN Dividends are paid in ETH, not ICN.
Dividends are NOT like Lisk Proof-of-Stake or ETH proof-of-work systems where new coins are added DAILY to Lisk & ETH total supply.
ICN won't suffer from daily dumping by Mining Farms on the Exchanges like ETH & Lisk.

[someone111]

This is me.  I am HODLING.

https://etherscan.io/token/ICONOMI?a=0x77054376c0d1f737195d65a34ba5676433fbe7ce

Anyone can claim that. But can you proof it? Any digital signature that proves that holding?

That's an interesting question.  I did a bit of searching on Google and I can't find anything that would let me encode something using my ETH private key file address for this account number to show I am actually in control of this account number.   Anybody have any ideas on how to do that?  I am running myetherwallet on my air-gapped computer where the key file is....

Thank you consideration! That is indeed not as simple as with bitcoin.

http://ethereum.stackexchange.com/a/2130

Seems rather difficult. I give you the benefit of the doubt.

What would work is sending an 0.0458 ETH to 0xfB6916095ca1df60bB79Ce92cE3Ea74c37c5d359. (https://www.ethereum.org/donate) Just a random amount and random recipient to be agreed upon as proof. When you are able to actually make that transaction while announcing it previously here it would proof ownership of that account.

Then again, whom am I to demand this proof from you. You may or may not do this also later when you sell (parts) of your your ICN.

What is in for you? I guess many people who add take you more serious than any other random user on this board. It would add weight to your opinion. Fame also. And you may be able to move market prices.

[liqui]

Hey, I have noobs question: I sent my ICN to kraken, but now that I bought some more I would like to send it back to eth wallet. I should be able to get dividends right ?
thanks

Not true, Liqui will distribute dividends to customers even if they have ICN on orders at that time - https://twitter.com/Liqui_Exchange/status/795319672472301568

[JWH007]

What type of wallets support storage of ICN tokens? Can they be stored using a Ledger Nano S? Or do they have to be stored on the ETH Mist wallet?

[redsn0w]

What type of wallets support storage of ICN tokens? Can they be stored using a Ledger Nano S? Or do they have to be stored on the ETH Mist wallet?

If the ledger nano s supports eth than you can send your token directly to your ethereum address (aka your ledger ). The important is to not leave your iconomi token on an exchange, but instead in your personal ethereum address.

[rapazev]

well, i've sold mine ICN tokens.. not because i don't believe in the project anymore but because i dont see it going up right now.
i'll buy it again at 10k...

[drnash85]

I wonder if we could list Golem on icnx

[Daparski]

I wonder if we could list Golem on icnx

First of all, we don't list anything on ICNX, it is decided by the team.
Second if all, there are few pre-requirements, such as daily trading volume and minimum of 2 months existence on a major exchange.
So I dont see it listed in the upcoming months

[Daparski]

well, i've sold mine ICN tokens.. not because i don't believe in the project anymore but because i dont see it going up right now.
i'll buy it again at 10k...

Wish u good luck. I hope for you that you wont need to buy at higher price than what you sold

[MrPresident]

I wonder if we could list Golem on icnx

First of all, we don't list anything on ICNX, it is decided by the team.
Second if all, there are few pre-requirements, such as daily trading volume and minimum of 2 months existence on a major exchange.
So I dont see it listed in the upcoming months

ICO's would fall under the 5m usd Pre-seeded performance fund (ICNP), and may indeed be included if Iconomi team find it attractive.

[NJRiot]

well, i've sold mine ICN tokens.. not because i don't believe in the project anymore but because i dont see it going up right now.
i'll buy it again at 10k...

Where did you sell your ICN?