[ANN] ICONOMI - Fund Management Platform

[DeadBirdzz]

Tomorrow we will hit 0.0005 because of good news in ama... you will see... who not have better buy now

you're such a fucking schizo Thomas........

[HardwarePal]

I remember last December ETH evangelists flooded /r/Bitcoin and my reddit inbox. I wish I listened to them & got in ETH under $1.
ICN now feels exactly like ETH under $1, but it won't last long.
We need those ICN evangelists to SPREAD THE WORD ON TWITTER, REDDIT, etc...  :P

It's not time for reddit spam yet, that will happen at $1.50

[sussex]

Thats the point  

Well, you're a fucking halfwit then... it would be much better for Iconomi to be seen as apolitical - anything with Trump in  it is going to piss off some potential investors.

[weilichesbin]

on slack was posted that friday bittrex add it

[HardwarePal]

Thats the point  

Well, you're a fucking halfwit then... it would be much better for Iconomi to be seen as apolitical - anything with Trump in  it is going to piss off some potential investors.

I highly doubt memes or politics in this thread will influence "investors".

[honolulumark]

Thats the point  

Well, you're a fucking halfwit then... it would be much better for Iconomi to be seen as apolitical - anything with Trump in  it is going to piss off some potential investors.

I highly doubt memes or politics in this thread will influence "investors".

you never know, keep the political bs out

[sussex]

I highly doubt memes or politics in this thread will influence "investors".

It's a question of image.

It's hard enough ignoring the fudders without adding to the problems with political stuff and pictures of Lambos.

Remember that Iconomi is trying to pull investors in from the FIAT world, they are grown-ups and this stuff makes Iconomi look like a joke.

[weilichesbin]

BITTREX ON FRIDAY

[operabit]

Yeah! MAKE ICONOMI GREAT AGAIN!

[capone1340]

Thats the point 

Well, you're a fucking halfwit then... it would be much better for Iconomi to be seen as apolitical - anything with Trump in  it is going to piss off some potential investors.

I highly doubt memes or politics in this thread will influence "investors".

you never know, keep the political bs out

true

[Xtrata]

BITTREX ON FRIDAY

Lies.

[Daparski]

Thats the point 

Well, you're a fucking halfwit then... it would be much better for Iconomi to be seen as apolitical - anything with Trump in  it is going to piss off some potential investors.

I highly doubt memes or politics in this thread will influence "investors".

you never know, keep the political bs out

true

yeah, plz keep politics out

[MoveCrypto]

Wow! Someone just bought through the 255 wall! Here we GO!

Looks like a tsunami of buy support on Kraken

With only 0.7% of supply for sale on orderbook, and more than 90% of supply still holding strong for OFM platform in 2017, this could launch up very fast

[kalpit]

....I will definitely need to have a few btc set aside for when the performance fund is offered to ICO participants."

that is if they will not reach the limit. there are lots of investors waiting to get into it, wanting to be a big player. If I have the btc, i'd be the first even if not invited. but just in case, its a good thing to have btc ready.

Can somebody please explain to me how profits from an expanding ICNP cash pool is going to work?  At the end of ICO, all the BTC above 10K BTC was allocated to the ICNP, about $4.6M total.  OK.  In the near future, there will be weekly dividends distributed among ICN token holders, and those dividends will represent 20% of the profits made by the ICNP for that week. OK.  So far so good.

Now 'let us pretend" about the future.   ICONOMI says they will send out invitations to ICO participants to "invest" more money into the ICNP.   In round numbers, assume that BTC appreciation has turned the original ICNP pool of $4.6M into a nice, round, even $5M today.  Let's also pretend that ICNP accepts / gets an additional $5M from ICO participants to increase the ICNP cash pool.   The ICNP now has $10M, half from the ICO, half from invited participation.

So now it's Jan 2017 and the ICNP makes some profit.  How does that profit flow down to those who have invested in the ICNP?   20% of the profit goes to ICN token holders.  This 20% share going to all ICN holders is a larger amount due to contributions of the invitees than it would have been without them - is that fair?  Regardless, now we've still got 80% of the profit we have to allocate.  How much of that goes back to invited participants?  And how?  Can the invited participants "give" their share in this profit to somebody else?  If so, how?  By a new "ICNP" token?

Just sharing my writeup here that I am submitting for tomorrow's Reddit AMA...

ICNP will have it's own token (as far as I remember non-tradable). Final numbers of the fund are not yet released, they should be published before the invites are sent.
I believe 80% of the profits will go to ICNP direct investors, and 20% to ICN holders.

This 20% share going to all ICN holders is a larger amount due to contributions of the invitees than it would have been without them - is that fair?

I think it is a fair game. 20% is from realized profits, if ICNP has more funds - it is better for ICN holders. Just like ICNX (2% passive fees) - the more money is in the fund, the bigger the profit/ICN is.

ICNP will have it's own value for each token after invested assets become liquid

from your post on reddit:
https://www.reddit.com/r/ICONOMI/comments/5bfdtw/icnp_questions/

I would like to suggest come corrections to it.
Suppose,  $ 5 million from Ico money is invested in performance fund and the rest 5 million comes from investors.
Suppose , the profit from performance fund is $ 10 million.
So, icn holders would get 50 + (50 * 20%) = 60%
The five million dollars belong to us, which implies we ask have together invested in performance fund five million dollars. So this means icn holders get 50 % of profit
The rest five million dollars which come from the investors, the investors 80% of profit from that five million only. So icn holders get another 50% * 20% of the profit.

This sums up 60% .

This is what I've understood. Correct me if I'm wrong.

[piebeyb]

I saw it ICN went to the high prices now, at least really all investors benefit little from the ICO them

[weilichesbin]

In the next hours price explosion

[Wall-Street]

The buy tsunami wave is growing on Kraken.  This is a great sign.
Only 162 btc on the sell side to 80k sat.  That number shrinks every day.

Tsunami season ahead of us. We have ICNP tsunami, ICNX tsunami, platform access tsunami, first dividends tsunami, OFM tsunami, debit card tsunami, unique offline key generator tsunami..
And then dividends tsunami strikes again. and then again. and again. and again.
I think Iconomi will be announced a tsunami area soon.

ICN is certainly approaching Tsunami area. Hold on to your butts.

You keep moving that arrow to the right

Slowly but surely... Tsunami is coming.

[MoveCrypto]

If you count the 13MM ICN held by Iconomi Team (which most other coins do count)

Then ICN market cap just went up past Lisk, Factom, and DigixDAO

I've said it before, and I'll say it again, hold for OFM platform and this is going up into Litecoin territory

[Daparski]

....I will definitely need to have a few btc set aside for when the performance fund is offered to ICO participants."

that is if they will not reach the limit. there are lots of investors waiting to get into it, wanting to be a big player. If I have the btc, i'd be the first even if not invited. but just in case, its a good thing to have btc ready.

Can somebody please explain to me how profits from an expanding ICNP cash pool is going to work?  At the end of ICO, all the BTC above 10K BTC was allocated to the ICNP, about $4.6M total.  OK.  In the near future, there will be weekly dividends distributed among ICN token holders, and those dividends will represent 20% of the profits made by the ICNP for that week. OK.  So far so good.

Now 'let us pretend" about the future.   ICONOMI says they will send out invitations to ICO participants to "invest" more money into the ICNP.   In round numbers, assume that BTC appreciation has turned the original ICNP pool of $4.6M into a nice, round, even $5M today.  Let's also pretend that ICNP accepts / gets an additional $5M from ICO participants to increase the ICNP cash pool.   The ICNP now has $10M, half from the ICO, half from invited participation.

So now it's Jan 2017 and the ICNP makes some profit.  How does that profit flow down to those who have invested in the ICNP?   20% of the profit goes to ICN token holders.  This 20% share going to all ICN holders is a larger amount due to contributions of the invitees than it would have been without them - is that fair?  Regardless, now we've still got 80% of the profit we have to allocate.  How much of that goes back to invited participants?  And how?  Can the invited participants "give" their share in this profit to somebody else?  If so, how?  By a new "ICNP" token?

Just sharing my writeup here that I am submitting for tomorrow's Reddit AMA...

ICNP will have it's own token (as far as I remember non-tradable). Final numbers of the fund are not yet released, they should be published before the invites are sent.
I believe 80% of the profits will go to ICNP direct investors, and 20% to ICN holders.

This 20% share going to all ICN holders is a larger amount due to contributions of the invitees than it would have been without them - is that fair?

I think it is a fair game. 20% is from realized profits, if ICNP has more funds - it is better for ICN holders. Just like ICNX (2% passive fees) - the more money is in the fund, the bigger the profit/ICN is.

ICNP will have it's own value for each token after invested assets become liquid

from your post on reddit:
https://www.reddit.com/r/ICONOMI/comments/5bfdtw/icnp_questions/

I would like to suggest come corrections to it.
Suppose,  $ 5 million from Ico money is invested in performance fund and the rest 5 million comes from investors.
Suppose , the profit from performance fund is $ 10 million.
So, icn holders would get 50 + (50 * 20%) = 60%
The five million dollars belong to us, which implies we ask have together invested in performance fund five million dollars. So this means icn holders get 50 % of profit
The rest five million dollars which come from the investors, the investors 80% of profit from that five million only. So icn holders get another 50% * 20% of the profit.

This sums up 60% .

This is what I've understood. Correct me if I'm wrong.

I didn't get that parf
"icn holders would get 50 + (50 * 20%) = 60%"
If and when Iconomi will send invitations, it means that they need more money for the performance.fund
Once that fresh capital enters the fund, it "gets mixed" with the pre-seeded ICO money, meaning it doesn"t matter from which money the investments are made.
So if the performance.fund has a policy of 20% profit to be paid to share holders, it means that the remaining 80% will be paid to icnp token holders.. After all, icnp token holders bought-in directly into this fund (that is why icnp tokens won't be tradable).

[Daparski]

If you count the 13MM ICN held by Iconomi Team (which most other coins do count)

Then ICN market cap just went up past Lisk, Factom, and DigixDAO

I've said it before, and I'll say it again, hold for OFM platform and this is going up into Litecoin territory

what's that picture on the right side of the screenshot?