[ANN] ICONOMI - Fund Management Platform

[MalReynolds]

To start a different discussion, everybody should read this article.  It has some significant implications about demands for cryptocurrencies among fiat investors and therefore the demand for ICONOMI services.

http://theantimedia.org/cash-no-longer-king/

[1714676869]

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[1714676869]

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[Wall-Street]

When ICONOMI Open Fund Management Platform launches and few hundreds of Fund Managers launch their own funds, weekly Dividends will be much more significant than Dividends form just ICNX & ICNP.

Almost every trader wants to be a Fund Manager to collect commissions on the funds they get to manage, so there will be no shortage of Fund Managers or index Funds on the OFM.

[aDAPPter]

2017 is the year of ICONOMI.
Weekly Dividends from EVERY fund on ICONOMI platform.

[Enjorlas]

Can a single Fund Manager start multiple funds on OFM?
This is the norm on ZuluTrade & eTORO where a Fund Managers can have a High-Risk fund & a Low-Risk fund, etc...

Of course. Welcome to the new world of liberation. In anarchy you don't ask your political masters for prmission.

[yeniruieni]

i think Iconomi price to 27000 sat next week

[Coca-Cola]

i think Iconomi price to 27000 sat next week

Once we break that 30k sat sell wall, we're heading straight to 100k 

[jackiedragon]

i think Iconomi price to 27000 sat next week

Once we break that 30k sat sell wall, we're heading straight to 100k 

My guess is we are heading straight to 40k after that

[housebtc]

Can a single Fund Manager start multiple funds on OFM?
This is the norm on ZuluTrade & eTORO where each Fund Manager can have a High-Risk fund & a Low-Risk fund, etc...

The main goal is to attract fund managers to the platform, this will make the platform robust and create a new found wealth in the crypto space, my major concern here is just that whales may take over the platform

[yeniruieni]

i think Iconomi price to 27000 sat next week

Once we break that 30k sat sell wall, we're heading straight to 100k 

My guess is we are heading straight to 40k after that

Wow, I have not seen kraken exchange. checking my sell order

[enhu]

When ICONOMI Open Fund Management Platform launches and few hundreds of Fund Managers launch their own funds, weekly Dividends will be much more significant than Dividends form just ICNX & ICNP.

Almost every trader wants to be a Fund Manager to collect commissions on the funds they get to manage, so there will be no shortage of Fund Managers or index Funds on the OFM.

I read its going to be released on dec 28 as they said on reddit. not sure if price will br going 40k but maybe its going to this 28th of dec.
 

[iread2little]

So is this: https://twitter.com/iconominet/status/794641735913709570, what they're giving beta access to the 21st?

[BitBanksy]

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.

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

Since dividends won't be paid regularly and not before q1-q2 2017, I guess the real deal are the funds, not ICN in itself. I've the feeling a lot will dump ICN in order to enter into the funds.

Also why Golem? BOINC does the same and are already well established. Beside Golem are not going to deliver before 2018 (if they ever deliver...) so liquidation/return will not take place in a near future...

[aidia]

When ICONOMI Open Fund Management Platform launches and few hundreds of Fund Managers launch their own funds, weekly Dividends will be much more significant than Dividends form just ICNX & ICNP.

Almost every trader wants to be a Fund Manager to collect commissions on the funds they get to manage, so there will be no shortage of Fund Managers or index Funds on the OFM.

I read its going to be released on dec 28 as they said on reddit. not sure if price will br going 40k but maybe its going to this 28th of dec.
 

Wrong. The OFM platform is 2017 thing. What is now going to be released is the Iconomi platform to handle ICNX and ICNP funds.

[amrutrk]

Hello guys, I'm new here, after reading the entire discussion here i've bought 1100 coins at 0.00025 rate.
Hoping to make good returns.

Thanks all,
Amrut.

[5thangel]

Hello guys, I'm new here, after reading the entire discussion here i've bought 1100 coins at 0.00025 rate.
Hoping to make good returns.

Thanks all,
Amrut.

I hope you Get the Most From Your Investments

[B!gSmoke]

There has been a steady rise in buy orders on Kraken.  Up from about 400k 24 hours ago to over 550k.

I know some that missed out on the 0.00015 to 0.00020 range and now look like missing out on the 0.00020's.

Still a few potential whales to take a bite.

https://www.kraken.com/charts

Yep, something has changed over the past few days 😅😉

[5thangel]

There has been a steady rise in buy orders on Kraken.  Up from about 400k 24 hours ago to over 550k.

I know some that missed out on the 0.00015 to 0.00020 range and now look like missing out on the 0.00020's.

Still a few potential whales to take a bite.

https://www.kraken.com/charts

Yep, something has changed over the past few days 😅😉

wow.. There is a huge difference  Prepare for something big

[Daparski]

There has been a steady rise in buy orders on Kraken.  Up from about 400k 24 hours ago to over 550k.

I know some that missed out on the 0.00015 to 0.00020 range and now look like missing out on the 0.00020's.

Still a few potential whales to take a bite.

https://www.kraken.com/charts

Yep, something has changed over the past few days 😅😉

wow.. There is a huge difference  Prepare for something big

Good morning all!

I was about to post that the buying order book on Kraken just got on steroids


And that is before first access to Iconomi platform. With all that bitcoin rally in the last 2 months, ICN is up almost 60% when you look at $ price.
And yes, we should look at $ price, since it is the official currency also by Iconomi and it is the most stable.

Still can't figure out why people are selling now

[rgornik]

Its driving the price up so "dont ask dont tell"  

[favdesu]

Its driving the price up so "dont ask dont tell"  

yeah well, I'm still buying. it was about time to close my AMP position and move to something more promising