[ANN] ICONOMI - Fund Management Platform

[Castor94]

Pump baby pump, Im gonna be dissapointed if it doesn't go beyond 280

[1714144671]

1714144671

[1714144671]

1714144671

[1714144671]

1714144671

[B!gSmoke]

Sometimes one has too much time for stupid things

But anyway,  if someone needs an idea for Christmas:

HAHA, hell yeah. Please Santa bring me some of them

[Xtrata]

"fat whale" "dump" bla bla, looks like you guys never seen a real pump and dump. This is a few btc sold and bought, far from anything major.

[ShooterXD]

I think this will get another dump, then pump.

Pump Wave, dump Wave, small pump Wave, small dump Wave then big pump Wave.

Now we have a small pump wave

[icojaka]

Has the team stated when the first part of their platform will be ready?

No. Just that it will come 2017. There is no date for that so far. The index and the performance funds are started already as announced.

No. The performance fund is active with its first funding in Golem project. No direct way to invest into it for now.
The index - ICNX is not active yet, but is expected to become available for the public to invest into already this year.

Index fund is working from months. Although it is just like a model until now. Final touches are being made to it. It shows us the expected returns we would have got if we invested in index fund.

Maybe they have also invested some performance fund money in Wings

Index fund does not exist yet. At the moment we only have the index itself - a fund based on it will follow by end of year.

Regarding Wings and ICNP - this subject is covered by our recent post https://medium.com/iconominet/iconomi-performance-fund-is-launched-with-the-first-investment-588ea41e95ab#.amg7xoz55 and the same is valid for Wings: “The specific projects the fund invests in will be transparent but will be announced after the conclusion of each ICO to avoid any market speculations.”

[jackiedragon]

Has the team stated when the first part of their platform will be ready?

No. Just that it will come 2017. There is no date for that so far. The index and the performance funds are started already as announced.

No. The performance fund is active with its first funding in Golem project. No direct way to invest into it for now.
The index - ICNX is not active yet, but is expected to become available for the public to invest into already this year.

Index fund is working from months. Although it is just like a model until now. Final touches are being made to it. It shows us the expected returns we would have got if we invested in index fund.

Maybe they have also invested some performance fund money in Wings

I would say it's possible

[boestin]

And the mini buble of today is bursting, it will go back to 0.000240 - 0.000250 mark by the end of the day.

Edit: Sold at 275, bought at 240, nice

A warning to everyone who owns ICN.  Don't think you can escape a doomscenario by quick daytrading...  Once ICN takes off it's too late and you will regret it forever!

[kobilica]

Patterns started to emerge

[Mr.Ease]

Where is this ICN trading at?   If they invested in wings... I want some ICN! 

So how does this work? Does the ICN team decide when and what to sell or is it a colaborative decision based on investors?

Sometimes, it's best to hold or HODL coins for massive returns instead of dumping at the end of a crowdsale.

Is there a minimum holding time?  I would assume since its a "Fund Management" that it would give these new coins atleast 1-2years before considering a sell-out

[electronicash]

Where is this ICN trading at?   If they invested in wings... I want some ICN! 

So how does this work? Does the ICN team decide when and what to sell or is it a colaborative decision based on investors?

Sometimes, it's best to hold or HODL coins for massive returns instead of dumping at the end of a crowdsale.

Is there a minimum holding time?  I would assume since its a "Fund Management" that it would give these new coins atleast 1-2years before considering a sell-out

hold til icnx and icnp is release of maybe even hold it forever for they send dividends weekly. receiving weekly dividends is a much better option for you shall have it forever so long as you keep your icn with you.

[Daparski]

Where is this ICN trading at?   If they invested in wings... I want some ICN! 

So how does this work? Does the ICN team decide when and what to sell or is it a colaborative decision based on investors?

Sometimes, it's best to hold or HODL coins for massive returns instead of dumping at the end of a crowdsale.

Is there a minimum holding time?  I would assume since its a "Fund Management" that it would give these new coins atleast 1-2years before considering a sell-out

ICN is currently on Kraken and Liqui.
Iconomi decides where and how much to invest from the performance fund (pre-seeded with approximately 4.5M usd) - they are the fund managers. 20% of the profits will be distributed back to ICN holders as dividends. The team does not announce where and how much was invested before the relevant ICO is closed.

I would assume since its a "Fund Management" that it would give these new coins atleast 1-2years before considering a sell-out

It is your decision, I can tell you that many of the token holders are here for mid-long run - see etherscan. 67.5% are still on Iconomi (cold storage) and few of the biggest whales are either holding or hodling
Personally, I think that this project has a fair chance to become huge, so I am in no rush to sell anytime soon (your 1-2 years estimation is pretty much as mine).

[pinkman12345]

Where is this ICN trading at?   If they invested in wings... I want some ICN! 

So how does this work? Does the ICN team decide when and what to sell or is it a colaborative decision based on investors?

Sometimes, it's best to hold or HODL coins for massive returns instead of dumping at the end of a crowdsale.

Is there a minimum holding time?  I would assume since its a "Fund Management" that it would give these new coins atleast 1-2years before considering a sell-out

hold til icnx and icnp is release of maybe even hold it forever for they send dividends weekly. receiving weekly dividends is a much better option for you shall have it forever so long as you keep your icn with you.

When it comes to dividends are there any estimates as to how much we can expect to see. Using a figure of, say 1000ICN, how much of a dividend in eth can i expect to see a year?

I know it all depends on the success of their investments, but lets say they only return 10% in the first year (which is still impressive imo), would that mean 10% of 4.5mill so 450k turned into eth then split by 100million, so each icn see's 0.0045 usd/year? So if i hold 1000icn i see 4.5usd return a year as a dividend?

If i'm totally wrong, please correct me, i'm not ashamed to admit i'm not as clued up on ICN as some people here.

Cheers

[favdesu]

When it comes to dividends are there any estimates as to how much we can expect to see. Using a figure of, say 1000ICN, how much of a dividend in eth can i expect to see a year?

as you stated later, it's impossible to give an indication. wait until their products are out and working.

[Daparski]

Where is this ICN trading at?   If they invested in wings... I want some ICN!  

So how does this work? Does the ICN team decide when and what to sell or is it a colaborative decision based on investors?

Sometimes, it's best to hold or HODL coins for massive returns instead of dumping at the end of a crowdsale.

Is there a minimum holding time?  I would assume since its a "Fund Management" that it would give these new coins atleast 1-2years before considering a sell-out

hold til icnx and icnp is release of maybe even hold it forever for they send dividends weekly. receiving weekly dividends is a much better option for you shall have it forever so long as you keep your icn with you.

When it comes to dividends are there any estimates as to how much we can expect to see. Using a figure of, say 1000ICN, how much of a dividend in eth can i expect to see a year?

I know it all depends on the success of their investments, but lets say they only return 10% in the first year (which is still impressive imo), would that mean 10% of 4.5mill so 450k turned into eth then split by 100million, so each icn see's 0.0045 usd/year? So if i hold 1000icn i see 4.5usd return a year as a dividend?

If i'm totally wrong, please correct me, i'm not ashamed to admit i'm not as clued up on ICN as some people here.

Cheers

for the performance fund ICN holders will get 20% of profits. As ICN holder, you will get dividends from other funds as well in the form of fees.
Like stated - wait for the platform to be operational

[icojaka]

ICONOMI writing contest #1

Because we want to engage and include our community and ICONOMI supporters, we’ve decided to kick off a new contest to get your digital currency knowledge and writing skills activated. This is for FUN, therefore no ICN bounties! Our jury will however select the best authors (one per token) who will randomly receive one of the following symbolic prizes: an ICONOMI hat, an ICONOMI t-shirt or an ICONOMI badge.

We might use your texts (or parts of them) in our upcoming communications, especially on the open fund management platform website. We would like to tap into wisdom of crowds, and put collective intelligence to work and craft that perfect, short and easy to understand description of each cryptoasset, that will benefit our future fund managers as well as our individual and institutional investors. This is your chance to tell everyone what you think of a specific token, what it is, why you love it, why you think it will succeed, why it is different from all the others…

To enter this contest, all you need to do is to write a short description of one of the listed 10 digital currencies (app tokens) below. Depending on the success of this mini-contest, next week we can continue with the next 10 tokens (sorted by market cap).

RULES:
1. Executive summary style (100 - 200 word limit. Summarise the main benefits and features to describe the digital currency/app token. Focus on the highlights - think elevator pitch... Try to describe what makes the project stand out/different from others.)
2. Facts only - everything must be 100% accurate and verifiable (sorry, no opinion pieces);
3. Include links to pages from where you obtained the information (Mandatory! Official/reliable sources only. Links do not count towards the word limit)
4. English language only (sorry, but google-translated submissions will be disqualified)
5. Only one submission may be sent per token. You are however allowed to cover many tokens.
6. Deadline for submissions is 25 November 2016 7.00pm UTC.
7. By submitting your text, you agree to transfer all rights for it to ICONOMI (we may use your text or parts of it in our future communications without quoting you as author).

BONUS POINTS:
1. For making it understandable to fiat money/old economy investors, who might not have deep technical knowledge/experience with digital currencies.

EXAMPLE:
https://i.imgur.com/ZzsaonR.png

Contest winners will be announced in our BTT thread within days of the end of contest.
Winners will be determined by ICONOMI against the criteria of following the rules, technical knowledge and writing style.
Winners will need to PM us their mailing address to receive prizes.

SUBMIT YOUR ART HERE

[Sm00kew]

EXAMPLE:
https://i.imgur.com/ZzsaonR.png

As far as  I know, dash is POW coin not POS.

[5thangel]

ICONOMI writing contest #1

Because we want to engage and include our community and ICONOMI supporters, we’ve decided to kick off a new contest to get your digital currency knowledge and writing skills activated. This is for FUN, therefore no ICN bounties! Our jury will however select the best authors (one per token) who will randomly receive one of the following symbolic prizes: an ICONOMI hat, an ICONOMI t-shirt or an ICONOMI badge.

We might use your texts (or parts of them) in our upcoming communications, especially on the open fund management platform website. We would like to tap into wisdom of crowds, and put collective intelligence to work and craft that perfect, short and easy to understand description of each cryptoasset, that will benefit our future fund managers as well as our individual and institutional investors. This is your chance to tell everyone what you think of a specific token, what it is, why you love it, why you think it will succeed, why it is different from all the others…

To enter this contest, all you need to do is to write a short description of one of the listed 10 digital currencies (app tokens) below. Depending on the success of this mini-contest, next week we can continue with the next 10 tokens (sorted by market cap).

RULES:
1. Executive summary style (100 - 200 word limit. Summarise the main benefits and features to describe the digital currency/app token. Focus on the highlights - think elevator pitch... Try to describe what makes the project stand out/different from others.)
2. Facts only - everything must be 100% accurate and verifiable (sorry, no opinion pieces);
3. Include links to pages from where you obtained the information (Mandatory! Official/reliable sources only. Links do not count towards the word limit)
4. English language only (sorry, but google-translated submissions will be disqualified)
5. Only one submission may be sent per token. You are however allowed to cover many tokens.
6. Deadline for submissions is 25 November 2016 7.00pm UTC.
7. By submitting your text, you agree to transfer all rights for it to ICONOMI (we may use your text or parts of it in our future communications without quoting you as author).

BONUS POINTS:
1. For making it understandable to fiat money/old economy investors, who might not have deep technical knowledge/experience with digital currencies.

EXAMPLE:
https://i.imgur.com/ZzsaonR.png

Contest winners will be announced in our BTT thread within days of the end of contest.
Winners will be determined by ICONOMI against the criteria of following the rules, technical knowledge and writing style.
Winners will need to PM us their mailing address to receive prizes.

SUBMIT YOUR ART HERE

Thats nice , Lets try this

[anonbit992]

ICONOMI writing contest #1

Because we want to engage and include our community and ICONOMI supporters, we’ve decided to kick off a new contest to get your digital currency knowledge and writing skills activated. This is for FUN, therefore no ICN bounties! Our jury will however select the best authors (one per token) who will randomly receive one of the following symbolic prizes: an ICONOMI hat, an ICONOMI t-shirt or an ICONOMI badge.

We might use your texts (or parts of them) in our upcoming communications, especially on the open fund management platform website. We would like to tap into wisdom of crowds, and put collective intelligence to work and craft that perfect, short and easy to understand description of each cryptoasset, that will benefit our future fund managers as well as our individual and institutional investors. This is your chance to tell everyone what you think of a specific token, what it is, why you love it, why you think it will succeed, why it is different from all the others…

To enter this contest, all you need to do is to write a short description of one of the listed 10 digital currencies (app tokens) below. Depending on the success of this mini-contest, next week we can continue with the next 10 tokens (sorted by market cap).

RULES:
1. Executive summary style (100 - 200 word limit. Summarise the main benefits and features to describe the digital currency/app token. Focus on the highlights - think elevator pitch... Try to describe what makes the project stand out/different from others.)
2. Facts only - everything must be 100% accurate and verifiable (sorry, no opinion pieces);
3. Include links to pages from where you obtained the information (Mandatory! Official/reliable sources only. Links do not count towards the word limit)
4. English language only (sorry, but google-translated submissions will be disqualified)
5. Only one submission may be sent per token. You are however allowed to cover many tokens.
6. Deadline for submissions is 25 November 2016 7.00pm UTC.
7. By submitting your text, you agree to transfer all rights for it to ICONOMI (we may use your text or parts of it in our future communications without quoting you as author).

BONUS POINTS:
1. For making it understandable to fiat money/old economy investors, who might not have deep technical knowledge/experience with digital currencies.

EXAMPLE:
https://i.imgur.com/ZzsaonR.png

Contest winners will be announced in our BTT thread within days of the end of contest.
Winners will be determined by ICONOMI against the criteria of following the rules, technical knowledge and writing style.
Winners will need to PM us their mailing address to receive prizes.

SUBMIT YOUR ART HERE

This seems like a good idea to keep the community vibrant. And is the writer need to write about  top 10 listed coins by market cap ?

[memii]

Buy ICN now! The fat whale who dumped it is now coming back to buy

ICN is still very cheap when we look over innovation features what they have. Than potential is looking so great and now still has time to get in there.

[Nachbar90]

ICONOMI writing contest #1

Because we want to engage and include our community and ICONOMI supporters, we’ve decided to kick off a new contest to get your digital currency knowledge and writing skills activated. This is for FUN, therefore no ICN bounties! Our jury will however select the best authors (one per token) who will randomly receive one of the following symbolic prizes: an ICONOMI hat, an ICONOMI t-shirt or an ICONOMI badge.

We might use your texts (or parts of them) in our upcoming communications, especially on the open fund management platform website. We would like to tap into wisdom of crowds, and put collective intelligence to work and craft that perfect, short and easy to understand description of each cryptoasset, that will benefit our future fund managers as well as our individual and institutional investors. This is your chance to tell everyone what you think of a specific token, what it is, why you love it, why you think it will succeed, why it is different from all the others…

To enter this contest, all you need to do is to write a short description of one of the listed 10 digital currencies (app tokens) below. Depending on the success of this mini-contest, next week we can continue with the next 10 tokens (sorted by market cap).

RULES:
1. Executive summary style (100 - 200 word limit. Summarise the main benefits and features to describe the digital currency/app token. Focus on the highlights - think elevator pitch... Try to describe what makes the project stand out/different from others.)
2. Facts only - everything must be 100% accurate and verifiable (sorry, no opinion pieces);
3. Include links to pages from where you obtained the information (Mandatory! Official/reliable sources only. Links do not count towards the word limit)
4. English language only (sorry, but google-translated submissions will be disqualified)
5. Only one submission may be sent per token. You are however allowed to cover many tokens.
6. Deadline for submissions is 25 November 2016 7.00pm UTC.
7. By submitting your text, you agree to transfer all rights for it to ICONOMI (we may use your text or parts of it in our future communications without quoting you as author).

BONUS POINTS:
1. For making it understandable to fiat money/old economy investors, who might not have deep technical knowledge/experience with digital currencies.

EXAMPLE:
https://i.imgur.com/ZzsaonR.png

Contest winners will be announced in our BTT thread within days of the end of contest.
Winners will be determined by ICONOMI against the criteria of following the rules, technical knowledge and writing style.
Winners will need to PM us their mailing address to receive prizes.

SUBMIT YOUR ART HERE

Nice, I want that shirt