Maloppo
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November 14, 2016, 10:12:41 PM |
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Good to see the price of ICN 27k satoshi at kraken 50k is possible in this month.
I think that this week saw the bounty hunter is no longer holding the ICN. yes, maybe you are right. the bounty hunter is already sell icn them. it is time to icn to the moon and listed on poloniex or bittrex soon.
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Wall-Street
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November 14, 2016, 10:13:09 PM |
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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. Great days ahead of ICONOMI. Starting with the Reddit AMA tomorow.
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jacaf01
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November 14, 2016, 10:16:27 PM |
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Good to see the price of ICN 27k satoshi at kraken 50k is possible in this month.
I think tomorrow AMA will set the pace for ICN token especially if the ICP fund raise is also over subscribe, it is going to help the capital reserve for the project and more fund to spread around for investment
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coinmenace
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November 14, 2016, 10:18:51 PM |
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Good to see the price of ICN 27k satoshi at kraken 50k is possible in this month.
It's super moon today, maybe that's got an effect and it is pulling ICONOMI price up up to the moon! Lol If added in other exchange like bittrex or poloniex, it might be possible to get to 40k-50k by end of year. Who knows?!
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aDAPPter
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November 14, 2016, 10:24:17 PM |
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Good to see the price of ICN 27k satoshi at kraken 50k is possible in this month.
It's super moon today, maybe that's got an effect and it is pulling ICONOMI price up up to the moon! Lol If added in other exchange like bittrex or poloniex, it might be possible to get to 40k-50k by end of year. Who knows?! ICN may reach 100k on Kraken & Liqui alone, which means ICN will reach 500K-1000k once bittrex & poloniex list it.
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Maloppo
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November 14, 2016, 10:32:16 PM |
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Good to see the price of ICN 27k satoshi at kraken 50k is possible in this month.
It's super moon today, maybe that's got an effect and it is pulling ICONOMI price up up to the moon! Lol If added in other exchange like bittrex or poloniex, it might be possible to get to 40k-50k by end of year. Who knows?! an effect supermoon today. lol thats right it might be possible to get 50k or more if ICN will be add in other exchanges ICN may reach 100k on Kraken & Liqui alone, which means ICN will reach 500K-1000k once bittrex & poloniex list it.
wow 1000k is too much. 50-100k is enough in this year. but nothing impossible in the cryptocurrency.
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malcovixeffect
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November 15, 2016, 01:59:19 AM |
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Im gonna wait till June of 2017
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Crpto4$
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November 15, 2016, 02:10:16 AM |
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Save all your icn for Lamborghini and buy as much as you can even the richest are doing the same thing.
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JeffBrad12
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November 15, 2016, 02:19:35 AM |
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Good to see the price of ICN 27k satoshi at kraken 50k is possible in this month.
It's super moon today, maybe that's got an effect and it is pulling ICONOMI price up up to the moon! Lol If added in other exchange like bittrex or poloniex, it might be possible to get to 40k-50k by end of year. Who knows?! an effect supermoon today. lol thats right it might be possible to get 50k or more if ICN will be add in other exchanges ICN may reach 100k on Kraken & Liqui alone, which means ICN will reach 500K-1000k once bittrex & poloniex list it.
wow 1000k is too much. 50-100k is enough in this year. but nothing impossible in the cryptocurrency. That's true in my mind, It'd powered although just using the two kinds of exchange. Even if the big one is coming, this is will become a great news for those have been keeping icn in his wallet.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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cielo98
Full Member
Offline
Activity: 191
Merit: 100
The Lady with the Lamp
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November 15, 2016, 02:26:09 AM |
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any news on exchanges other than kraken?
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Crypto_MERC
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November 15, 2016, 02:41:05 AM |
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any news on exchanges other than kraken?
I hear rumors that Mt. Gox is opening back up tomorrow to offer ICN.
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puremage111
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November 15, 2016, 02:45:15 AM |
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one question there, for dividends in Q1 2017, which means it will be either distributed from jan - april?
And i couldnt find how long is the payment of dividends for every dividend payment?
Like once per 2 week?
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kalpit
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November 15, 2016, 03:12:39 AM |
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....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. 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). Think it this way, Iconomi itself has invested $ 5 million and another$ 5 millions get from other investors the performance fund. If there is a profit of $10 million. $8 million goes to its investors and $2 million to ico investors. Out of that $ 8 million , Iconomi (as it has invested half the total capital, gets half of the profit which the investors get in total ) gets $ 4 million. We own profit Iconomi. So this $ 4 million belongs to ico investors. So, In total we get $ 6 million (which is 60% of total profit). Edit: I will confirm this thing from Devs AMA.
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gbdesai
Member
Offline
Activity: 116
Merit: 10
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November 15, 2016, 03:43:33 AM |
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....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. 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). Think it this way, Iconomi itself has invested $ 5 million and another$ 5 millions get from other investors the performance fund. If there is a profit of $10 million. $8 million goes to its investors and $2 million to ico investors. Out of that $ 8 million , Iconomi (as it has invested half the total capital, gets half of the profit which the investors get in total ) gets $ 4 million. We own profit Iconomi. So this $ 4 million belongs to ico investors. So, In total we get $ 6 million (which is 60% of total profit). Edit: I will confirm this thing from Devs AMA. Who do you think is paying for Iconomi employee salaries? Profit = Revenue - Expenses. 30 employees averaging $100K USD fully loaded is $3M. Nevermind other expenses related to running the platform. Just saying.
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cielo98
Full Member
Offline
Activity: 191
Merit: 100
The Lady with the Lamp
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November 15, 2016, 03:46:55 AM |
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any news on exchanges other than kraken?
I hear rumors that Mt. Gox is opening back up tomorrow to offer ICN. where did u hear it? from the voices in your head? good news for u😀
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aDAPPter
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November 15, 2016, 03:52:00 AM |
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....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. 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). Think it this way, Iconomi itself has invested $ 5 million and another$ 5 millions get from other investors the performance fund. If there is a profit of $10 million. $8 million goes to its investors and $2 million to ico investors. Out of that $ 8 million , Iconomi (as it has invested half the total capital, gets half of the profit which the investors get in total ) gets $ 4 million. We own profit Iconomi. So this $ 4 million belongs to ico investors. So, In total we get $ 6 million (which is 60% of total profit). Edit: I will confirm this thing from Devs AMA. That's too many numbers to swallow for the average joe. Pie Charts or Infographics could really help regular folks understand how these things work.
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Crypto_MERC
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November 15, 2016, 03:56:49 AM |
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any news on exchanges other than kraken?
I hear rumors that Mt. Gox is opening back up tomorrow to offer ICN. where did u hear it? from the voices in your head? good news for u😀 They tell me lots of things!
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MalReynolds
Legendary
Offline
Activity: 938
Merit: 1000
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November 15, 2016, 04:03:10 AM |
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....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. 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). Think it this way, Iconomi itself has invested $ 5 million and another$ 5 millions get from other investors the performance fund. If there is a profit of $10 million. $8 million goes to its investors and $2 million to ico investors. Out of that $ 8 million , Iconomi (as it has invested half the total capital, gets half of the profit which the investors get in total ) gets $ 4 million. We own profit Iconomi. So this $ 4 million belongs to ico investors. So, In total we get $ 6 million (which is 60% of total profit). Edit: I will confirm this thing from Devs AMA. See, this is why elsewhere I have asked about "Class A" and "Class B" shares to split up ICNP profits among original ICO participants and later invited investors. Say 100 invited people contribute the second $5M. Why is it fair for the "$4M chunk of profit" above to be divided among ALL 3500 ICO PARTICIPANTS instead of the 100 INVITED PEOPLE WHO CONTRIBUTED THE SECOND BATCH OF ICNP MONEY? I would argue that in this example, if there is $10M of profit, it should be split into two profit chunks of $5M each, all ICO participants should share 20% of the first $5M chunk BECAUSE THAT WAS THE DEAL THAT WAS AGREED TO BY ALL PARTIES, and that some proportion of the second $5M profit chunk should be split ONLY among the invited 100 contributors. What that proportion is has yet to be defined....
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veeral
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November 15, 2016, 04:33:24 AM |
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....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. 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). Think it this way, Iconomi itself has invested $ 5 million and another$ 5 millions get from other investors the performance fund. If there is a profit of $10 million. $8 million goes to its investors and $2 million to ico investors. Out of that $ 8 million , Iconomi (as it has invested half the total capital, gets half of the profit which the investors get in total ) gets $ 4 million. We own profit Iconomi. So this $ 4 million belongs to ico investors. So, In total we get $ 6 million (which is 60% of total profit). Edit: I will confirm this thing from Devs AMA. See, this is why elsewhere I have asked about "Class A" and "Class B" shares to split up ICNP profits among original ICO participants and later invited investors. Say 100 invited people contribute the second $5M. Why is it fair for the "$4M chunk of profit" above to be divided among ALL 3500 ICO PARTICIPANTS instead of the 100 INVITED PEOPLE WHO CONTRIBUTED THE SECOND BATCH OF ICNP MONEY? I would argue that in this example, if there is $10M of profit, it should be split into two profit chunks of $5M each, all ICO participants should share 20% of the first $5M chunk BECAUSE THAT WAS THE DEAL THAT WAS AGREED TO BY ALL PARTIES, and that some proportion of the second $5M profit chunk should be split ONLY among the invited 100 contributors. What that proportion is has yet to be defined.... Where did you read about we are getting 20 % , any link.
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