B!gSmoke
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Activity: 514
Merit: 353
Respect has to be earned, just like money!
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December 10, 2016, 05:35:54 PM |
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does anybody follow Chronobank ICO? I just found that: I have seen a picture or two on ICONOMI blog before with Alexander from your team , should we expect seeing a partnership between you too or ICNX is going to invest in Chronobank ICO ?
Hi! This is me!  Wait for official announcements, please No comments for now! Looks like (maybe) next potential ICNP investment I think Chronobank is a great project, who's backed up by Edway Group Ltd and they seem to have a lot of experience. I will get some time token as well. |
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mtwelve
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Activity: 1330
Merit: 1009
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December 10, 2016, 06:12:43 PM |
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What a great project just bought some token from kraken I'll hold them till it move to $1. Than I'll take my money out and keep rest the amount until it will reach to the value of ETH. ICN will be next ETH there is huge potential in this token.
I speculate that since ETH looks tankish all affiliated tokens will also topple. Whats so special about it that prevents it from downfall? All ETH tokens will be hit by selling spam. Doesn't seem so. Eth is down 3% today, and ICN is up 10% according to CMC. While it's too early and too small of a sample size to define as the two being uncorrelated to each other, it sure is a promising sign. |
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MGM
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December 10, 2016, 07:46:42 PM
Last edit: December 10, 2016, 08:01:28 PM by MGM |
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What a great project just bought some token from kraken I'll hold them till it move to $1. Than I'll take my money out and keep rest the amount until it will reach to the value of ETH. ICN will be next ETH there is huge potential in this token.
I speculate that since ETH looks tankish all affiliated tokens will also topple. Whats so special about it that prevents it from downfall? All ETH tokens will be hit by selling spam. Also, as a mined coin, Ethereum has inflation of 18M ETH per year. As an unmined token, ICN has 0% inflation forever. This is a permanent advantage that ICN has over ETH in being priced as a crypto asset.
True... 0% Inflation is another reason why ICN MarketCap will eventually surpass ETH MarketCap. 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.
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MoveCrypto
Sr. Member
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Activity: 364
Merit: 250
move that crypto
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December 10, 2016, 08:19:08 PM |
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Just found out about this project today. Looks very interesting.
Any idea how to get early access to the ICONOMI Platform for testing?
Holy Shit, Warren Buffet is here Berkshire Hathaway is usually investing at least $6 million into something. That kind of investment into ICN will send the market cap up above Ethereum. Mr. Buffet always looks for the best investment options, ICN seems fit the bill. ICONOMI is not trying to invent some new technology like 99% of other cryptos. They're simply uberising INVESTING, and that's where the money is.   |
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Densitymax
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December 10, 2016, 08:45:10 PM |
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ICNX tokens are great importance in comparison with ICNP, because they will accrue dividends  |
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HardwarePal
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December 10, 2016, 09:04:01 PM |
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ICNX tokens are great importance in comparison with ICNP, because they will accrue dividends Both will accrue dividends. |
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liotmaan
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December 10, 2016, 09:27:48 PM |
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Can anyone explain how dividends are made exactly?
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yespeace
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December 10, 2016, 09:48:12 PM |
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Can anyone explain how dividends are made exactly?
Icojaka already wrote this few post back... i will coppy his post for you once mmre: Regarding dividends... dividends are distribution of profits. In order to have profits, ICONOMI must first launch its products and generate revenue. By the end of this year we will launch two investment funds (ICONOMI.index and ICONOMI.performance)... This is where first fees will come from, but we expect profits to seriously ramp up later in 2017 when full OFM platform launches with many fund managers running their respective funds... Regarding their distribution there should be no fear - we will announce the block height of distribution well in advance... So there will be plenty of time to move your ICN tokens to a wallet for which you control private key, or to an exchange that will support eth dividend redistribution... We are a long term business not pump and dump, so do not expect dividends on 1st of January or any time very soon... Re "ICONOMI wallet"... as answered in our recent AMA ( https://www.reddit.com/r/ICONOMI/comments/5ghrp5/askmeanything_icnx_and_iconomiindex_edition/) we will enable ICN deposits on our upcoming platform early next year. Investors will be able to securely store ICN tokens with us (multisig cold wallets)... |
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liotmaan
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December 10, 2016, 10:15:17 PM |
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Can anyone explain how dividends are made exactly?
Icojaka already wrote this few post back... i will coppy his post for you once mmre: Regarding dividends... dividends are distribution of profits. In order to have profits, ICONOMI must first launch its products and generate revenue. By the end of this year we will launch two investment funds (ICONOMI.index and ICONOMI.performance)... This is where first fees will come from, but we expect profits to seriously ramp up later in 2017 when full OFM platform launches with many fund managers running their respective funds... Regarding their distribution there should be no fear - we will announce the block height of distribution well in advance... So there will be plenty of time to move your ICN tokens to a wallet for which you control private key, or to an exchange that will support eth dividend redistribution... We are a long term business not pump and dump, so do not expect dividends on 1st of January or any time very soon... Re "ICONOMI wallet"... as answered in our recent AMA ( https://www.reddit.com/r/ICONOMI/comments/5ghrp5/askmeanything_icnx_and_iconomiindex_edition/) we will enable ICN deposits on our upcoming platform early next year. Investors will be able to securely store ICN tokens with us (multisig cold wallets)... Okay so I mean the fees that are collected, do they market sell ICN then market buy ETH to distribute? Are the coins exchanges into ETH like DAO could therefore the coins are burned? The first option would be awful for ICN traders. |
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favdesu
Legendary
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Activity: 1764
Merit: 1000
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December 10, 2016, 10:25:59 PM |
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Can anyone explain how dividends are made exactly?
Icojaka already wrote this few post back... i will coppy his post for you once mmre: Regarding dividends... dividends are distribution of profits. In order to have profits, ICONOMI must first launch its products and generate revenue. By the end of this year we will launch two investment funds (ICONOMI.index and ICONOMI.performance)... This is where first fees will come from, but we expect profits to seriously ramp up later in 2017 when full OFM platform launches with many fund managers running their respective funds... Regarding their distribution there should be no fear - we will announce the block height of distribution well in advance... So there will be plenty of time to move your ICN tokens to a wallet for which you control private key, or to an exchange that will support eth dividend redistribution... We are a long term business not pump and dump, so do not expect dividends on 1st of January or any time very soon... Re "ICONOMI wallet"... as answered in our recent AMA ( https://www.reddit.com/r/ICONOMI/comments/5ghrp5/askmeanything_icnx_and_iconomiindex_edition/) we will enable ICN deposits on our upcoming platform early next year. Investors will be able to securely store ICN tokens with us (multisig cold wallets)... Okay so I mean the fees that are collected, do they market sell ICN then market buy ETH to distribute? Are the coins exchanges into ETH like DAO could therefore the coins are burned? The first option would be awful for ICN traders. best thing is to just read the FAQ and whitepaper, then ask some specific questions on the sub reddit  |
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MalReynolds
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Activity: 938
Merit: 1000
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December 10, 2016, 11:06:30 PM |
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Can anyone explain how dividends are made exactly?
Icojaka already wrote this few post back... i will coppy his post for you once mmre: Regarding dividends... dividends are distribution of profits. In order to have profits, ICONOMI must first launch its products and generate revenue. By the end of this year we will launch two investment funds (ICONOMI.index and ICONOMI.performance)... This is where first fees will come from, but we expect profits to seriously ramp up later in 2017 when full OFM platform launches with many fund managers running their respective funds... Okay so I mean the fees that are collected, do they market sell ICN then market buy ETH to distribute? Are the coins exchanges into ETH like DAO could therefore the coins are burned? The first option would be awful for ICN traders. best thing is to just read the FAQ and whitepaper, then ask some specific questions on the sub reddit I did both of that but I didn't get a clear answer from the paper or reddit ( https://www.reddit.com/r/ICONOMI/comments/5gyhkk/dividends_question/) I'm not trying to spread FUD but that answer kind of needs to be clear for traders/investors. I have tried to get specific details on this aspect of ICNP dividends over a month ago: https://www.reddit.com/r/ICONOMI/comments/5bfdtw/icnp_questions/"Finally, at some time in 1Q 2017 you will make your first dividend payment to the original ICO participants who funded the ICNP original $4.6M. Say for example you invested $500K of ICNP money in the ICO of a new coin. In the week after launch, that coin doubles in price so your $500K investment is now worth $1M, giving an ICNP profit of $500K total. 20% of that $500K or $100K is the amount of profit to be distributed among the original ICO participants.
WHERE DO YOU GET THIS $100K TO DISTRIBUTE AS ETH DIVIDENDS?
Specifically, do you sell 10% of your holdings in the new coin at the end of the first week and hold on to the other 90%? Or do you get the money for dividend distribution from some other source? And if this, WHAT other source?"You can read Jani's answers at the above link. I thought his answers were a little vague. I still think this question needs to be addressed in more detail. |
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favdesu
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December 10, 2016, 11:08:36 PM |
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the answers are clear in the FAQ and WhitePaper |
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MalReynolds
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December 10, 2016, 11:10:34 PM |
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the answers are clear in the FAQ and WhitePaper So what does the FAQ and whitepaper say is the answer to my scenario I outlined to Jani below? I never found a clear answer there. "Finally, at some time in 1Q 2017 you will make your first dividend payment to the original ICO participants who funded the ICNP original $4.6M. Say for example you invested $500K of ICNP money in the ICO of a new coin. In the week after launch, that coin doubles in price so your $500K investment is now worth $1M, giving an ICNP profit of $500K total. 20% of that $500K or $100K is the amount of profit to be distributed among the original ICO participants.
WHERE DO YOU GET THIS $100K TO DISTRIBUTE AS ETH DIVIDENDS?
Specifically, do you sell 10% of your holdings in the new coin at the end of the first week and hold on to the other 90%? Or do you get the money for dividend distribution from some other source? And if this, WHAT other source?" |
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Mendeleev
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December 10, 2016, 11:17:15 PM |
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Okay so I mean the fees that are collected, do they market sell ICN then market buy ETH to distribute? Are the coins exchanges into ETH like DAO could therefore the coins are burned?
The first option would be awful for ICN traders.
best thing is to just read the FAQ and whitepaper, then ask some specific questions on the sub reddit I did both of that but I didn't get a clear answer from the paper or reddit ( https://www.reddit.com/r/ICONOMI/comments/5gyhkk/dividends_question/) I'm not trying to spread FUD but that answer kind of needs to be clear for traders/investors. Profits come from fees from the Iconomi funds. ICN tokens will receive weekly dividends in the form of ETH from all ICONOMI revenue streams. In stage 1 they will consist of management and/or performance fees from the funds managed by ICONOMI. While the performance fee is, as the name suggests, dependent on the actual performance of an individual fund, a management fee is paid to ICONOMI as long as there are assets in the fund, regardless of its performance. This is a key benefit of being an ICN token holder compared to investing directly into a certain investment fund. They're not taking a cut off the top of the price of an ICN token, which seems to be what you're wondering. The reason they're sent in ETH, specifically, is because your ICN exists on an Ethereum address, as part of an Ethereum contract. So the profits may come in various forms (BTC, fiat, etc.) but they're converted and distributed as ETH because that's where your ICN is, and where you hold your private keys. That's how I understand it anyway |
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icojaka
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December 10, 2016, 11:17:58 PM |
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Can anyone explain how dividends are made exactly?
Icojaka already wrote this few post back... i will coppy his post for you once mmre: Regarding dividends... dividends are distribution of profits. In order to have profits, ICONOMI must first launch its products and generate revenue. By the end of this year we will launch two investment funds (ICONOMI.index and ICONOMI.performance)... This is where first fees will come from, but we expect profits to seriously ramp up later in 2017 when full OFM platform launches with many fund managers running their respective funds... Regarding their distribution there should be no fear - we will announce the block height of distribution well in advance... So there will be plenty of time to move your ICN tokens to a wallet for which you control private key, or to an exchange that will support eth dividend redistribution... We are a long term business not pump and dump, so do not expect dividends on 1st of January or any time very soon... Re "ICONOMI wallet"... as answered in our recent AMA ( https://www.reddit.com/r/ICONOMI/comments/5ghrp5/askmeanything_icnx_and_iconomiindex_edition/) we will enable ICN deposits on our upcoming platform early next year. Investors will be able to securely store ICN tokens with us (multisig cold wallets)... Okay so I mean the fees that are collected, do they market sell ICN then market buy ETH to distribute? Are the coins exchanges into ETH like DAO could therefore the coins are burned? The first option would be awful for ICN traders. Don't understand the question. |
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icojaka
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Activity: 78
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December 10, 2016, 11:26:08 PM |
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Most prominent ICOs are open about their Burn rate.
Why aren't ICONOMI Devs transparent about their spending?
Aren't they supposed to release monthly expenses reports?
We have promised quarterly reports, and we plan to deliver on that promise. Roughly when do you expect the first of these reports to be published? I wouldn't like to guess, as I don't know where you're starting the 'quarter' from. Are we talking end of March, or sooner? ICONOMI ICO ended in the first days of October 2016. Since then team has been super busy on delivering on our product related promises, which remains a 100% focus for Q1/2017 as well. We will therefore publish our first financial report after 6 months of being in operation – in Q2 2017. Consecutive reports will be quarterly. We believe that high transparency should be the standard, so the idea is to have an independent auditing company involved. |
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liotmaan
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December 10, 2016, 11:26:29 PM |
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Can anyone explain how dividends are made exactly?
Icojaka already wrote this few post back... i will coppy his post for you once mmre: Regarding dividends... dividends are distribution of profits. In order to have profits, ICONOMI must first launch its products and generate revenue. By the end of this year we will launch two investment funds (ICONOMI.index and ICONOMI.performance)... This is where first fees will come from, but we expect profits to seriously ramp up later in 2017 when full OFM platform launches with many fund managers running their respective funds... Regarding their distribution there should be no fear - we will announce the block height of distribution well in advance... So there will be plenty of time to move your ICN tokens to a wallet for which you control private key, or to an exchange that will support eth dividend redistribution... We are a long term business not pump and dump, so do not expect dividends on 1st of January or any time very soon... Re "ICONOMI wallet"... as answered in our recent AMA ( https://www.reddit.com/r/ICONOMI/comments/5ghrp5/askmeanything_icnx_and_iconomiindex_edition/) we will enable ICN deposits on our upcoming platform early next year. Investors will be able to securely store ICN tokens with us (multisig cold wallets)... Okay so I mean the fees that are collected, do they market sell ICN then market buy ETH to distribute? Are the coins exchanges into ETH like DAO could therefore the coins are burned? The first option would be awful for ICN traders. Don't understand the question. How are you obtaining the ETH that is going to pay out the dividends? |
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MalReynolds
Legendary
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Activity: 938
Merit: 1000
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December 10, 2016, 11:40:12 PM |
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Can anyone explain how dividends are made exactly?
Icojaka already wrote this few post back... i will coppy his post for you once mmre: Regarding dividends... dividends are distribution of profits. In order to have profits, ICONOMI must first launch its products and generate revenue. By the end of this year we will launch two investment funds (ICONOMI.index and ICONOMI.performance)... This is where first fees will come from, but we expect profits to seriously ramp up later in 2017 when full OFM platform launches with many fund managers running their respective funds... Regarding their distribution there should be no fear - we will announce the block height of distribution well in advance... So there will be plenty of time to move your ICN tokens to a wallet for which you control private key, or to an exchange that will support eth dividend redistribution... We are a long term business not pump and dump, so do not expect dividends on 1st of January or any time very soon... Re "ICONOMI wallet"... as answered in our recent AMA ( https://www.reddit.com/r/ICONOMI/comments/5ghrp5/askmeanything_icnx_and_iconomiindex_edition/) we will enable ICN deposits on our upcoming platform early next year. Investors will be able to securely store ICN tokens with us (multisig cold wallets)... Okay so I mean the fees that are collected, do they market sell ICN then market buy ETH to distribute? Are the coins exchanges into ETH like DAO could therefore the coins are burned? The first option would be awful for ICN traders. Don't understand the question. How are you obtaining the ETH that is going to pay out the dividends? |
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icojaka
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Activity: 78
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December 10, 2016, 11:43:21 PM |
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the answers are clear in the FAQ and WhitePaper So what does the FAQ and whitepaper say is the answer to my scenario I outlined to Jani below? I never found a clear answer there. "Finally, at some time in 1Q 2017 you will make your first dividend payment to the original ICO participants who funded the ICNP original $4.6M. Say for example you invested $500K of ICNP money in the ICO of a new coin. In the week after launch, that coin doubles in price so your $500K investment is now worth $1M, giving an ICNP profit of $500K total. 20% of that $500K or $100K is the amount of profit to be distributed among the original ICO participants.
WHERE DO YOU GET THIS $100K TO DISTRIBUTE AS ETH DIVIDENDS?
Specifically, do you sell 10% of your holdings in the new coin at the end of the first week and hold on to the other 90%? Or do you get the money for dividend distribution from some other source? And if this, WHAT other source?"Mal, this answer is simple, I apologize if it was not addressed before. But first, let me again say that the fees for ICNX or ICNP have not yet been confirmed, so this is just hypothetical ... If ICNP would have 20/2 fee structure, then 20% of all REALISED PROFITS would go from ICNP to ICONOMI as fees. But "realised profits" means that ICNP has to CLOSE its position in that "new coin" first. Only if ICNP liquidates whole $1M investment, then $100k (20% of 500k profit) go as fees to ICONOMI. And this can later be distributed as dividends to ICN token holders. And since vast majority of ICNP's investments will be done in digital currency, so will be later liquidations... For example ICNP recently invested 5000 ETH in Golem, and I expect when this position will close, ICNP will do sell it for ETH... Clear? best, Jaka |
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MalReynolds
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December 10, 2016, 11:58:24 PM
Last edit: December 11, 2016, 03:15:57 AM by MalReynolds |
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the answers are clear in the FAQ and WhitePaper So what does the FAQ and whitepaper say is the answer to my scenario I outlined to Jani below? I never found a clear answer there. "Finally, at some time in 1Q 2017 you will make your first dividend payment to the original ICO participants who funded the ICNP original $4.6M. Say for example you invested $500K of ICNP money in the ICO of a new coin. In the week after launch, that coin doubles in price so your $500K investment is now worth $1M, giving an ICNP profit of $500K total. 20% of that $500K or $100K is the amount of profit to be distributed among the original ICO participants.
WHERE DO YOU GET THIS $100K TO DISTRIBUTE AS ETH DIVIDENDS?
Specifically, do you sell 10% of your holdings in the new coin at the end of the first week and hold on to the other 90%? Or do you get the money for dividend distribution from some other source? And if this, WHAT other source?"Mal, this answer is simple, I apologize if it was not addressed before. But first, let me again say that the fees for ICNX or ICNP have not yet been confirmed, so this is just hypothetical ... If ICNP would have 20/2 fee structure, then 20% of all REALISED PROFITS would go from ICNP to ICONOMI as fees. But "realised profits" means that ICNP has to CLOSE its position in that "new coin" first. Only if ICNP liquidates whole $1M investment, then $100k (20% of 500k profit) go as fees to ICONOMI. And this can later be distributed as dividends to ICN token holders. And since vast majority of ICNP's investments will be done in digital currency, so will be later liquidations... For example ICNP recently invested 5000 ETH in Golem, and I expect when this position will close, ICNP will do sell it for ETH... Clear? best, Jaka Jaka, I thank you for this answer, it helps me understand a lot. You have been talking about weekly dividends so I thought you were going to evaluate profit for each ICNP coin position on a week-by-week basis and distribute dividends accordingly. Instead, ICNP may go for months or even years before liquidating its position in a given coin, calculating the profit ONE TIME based on that close-out sale, and THEN distributing profit dividends on the position. So there could be many weeks where no ICNP dividend is distributed because no closures of ICNP coin positions occur during that week. And so in weeks where there are no ICNP position closures, any profits / dividends would come only from ICNX or other fees. Correct? If this is correct, it is a big deal. Unrealized profits can grow larger and larger on ICNP investments until those investments are finally cashed out and distributed as dividends, pushing the "fundamentals" price of ICN up week after week as investment profits accumulate before cashout and distribution.
Deferred ICNP dividends should immediately show up as a rise in ICN price. Roughly speaking, future increases in ICN price should always be at least 20% of ICNP pre-cashout profits - more, maybe much more, if speculative frenzy kicks in. As the ICNP Fund grows in size, ICN price could take off like a rocket.
HODL ! |
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