estenity
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December 11, 2016, 09:35:34 AM |
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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?
You must have ICN token You can buy it in kraken.com after having ICN token immediately move to myetherwallet.com all information provided here https://medium.com/iconominetyes Warren, be welcome with us (you were registered on December 09, 2016, 11:31:35 . so the price of ICN will soar soon?
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estenity
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December 11, 2016, 09:39:38 AM |
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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 so you did succeed with Warren ?
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Daparski
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December 11, 2016, 09:40:01 AM |
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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/good read! Personally, I feel more comfortable having my money on the blockchain and not in some fictional bank ledger that is backed up by toilet paper. It feels like most people are living in the Matrix
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Daparski
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December 11, 2016, 09:40:57 AM |
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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 How can whales take over the platform?
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favdesu
Legendary
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Activity: 1764
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December 11, 2016, 09:47:38 AM |
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really like their posts about this stuff. I'm still not too happy with the golem investment, but I can clearly see where ICN is coming from now
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Daparski
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December 11, 2016, 09:53:14 AM |
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really like their posts about this stuff. I'm still not too happy with the golem investment, but I can clearly see where ICN is coming from now they invested very little in golem, I think it was more of a showcase than a real investment
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5thangel
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December 11, 2016, 09:56:56 AM |
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Interesting article, thanks
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Coca-Cola
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December 11, 2016, 09:57:06 AM |
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I find these ICO blog series useless for investors. They're mainly addressing people thinking to start their own ICOs. I hope future ICONOMI blogs benefit investors in a more direct way...
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shinratensei_
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Leading Crypto Sports Betting & Casino Platform
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December 11, 2016, 10:00:17 AM |
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really like their posts about this stuff. I'm still not too happy with the golem investment, but I can clearly see where ICN is coming from now It seems like the GNT dev was so crap for managing his project. The best part Timing is (almost) everything Inchain, and other was being a real evidence for this.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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Daparski
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December 11, 2016, 10:02:04 AM |
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I find these ICO blog series useless for investors. They're mainly addressing people thinking to start their own ICOs. I hope future ICONOMI blogs benefit investors in a more direct way... No, they are not. Iconomi investors are indirectly investing in ICOs through ICNP. The articles show what are the guidelines and standards of Iconomi for investing in ICOs. After all, we have a hedge fund with 4.5M usd.
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Daparski
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December 11, 2016, 10:03:12 AM |
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No free day for you guys?
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icojaka
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December 11, 2016, 10:04:31 AM |
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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 !Mal, that is correct. There is also a reason why this is the only way. If we would do it as you (mis)understood before, then in a case of ICNP dropping in value (imagine that an ICO into which ICNP had invested, would announce that they have been hacked and all assets stolen) we would have to ask shareholders to "return" parts of already paid dividends to cover loss... Which is of course impossible.
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favdesu
Legendary
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Activity: 1764
Merit: 1000
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December 11, 2016, 10:09:40 AM |
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I find these ICO blog series useless for investors. They're mainly addressing people thinking to start their own ICOs. I hope future ICONOMI blogs benefit investors in a more direct way... you know that performance is one major driver of dividends for us investors? It's super important to know how they will use the money. can't be more direct
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icojaka
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December 11, 2016, 10:10:19 AM |
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I find these ICO blog series useless for investors. They're mainly addressing people thinking to start their own ICOs. I hope future ICONOMI blogs benefit investors in a more direct way... No, they are not. Iconomi investors are indirectly investing in ICOs through ICNP. The articles show what are the guidelines and standards of Iconomi for investing in ICOs. After all, we have a hedge fund with 4.5M usd. And also do not forget that investing in ICOs is always associated with some risk. So ICNP team has to make detailed due diligence before investing. But now imagine that ICNP's mentoring team is involved in the ICO into which the fund also invests. This gives ICONOMI a big advantage, as it gets to know the ICO team really personally and also advise on the key decisions. All in all that makes it a better and safer investment. + like Daparski said, community needs to set new rules and standards for ICOs. The whole ICO world will benefit from those.
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icojaka
Member
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Activity: 78
Merit: 10
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December 11, 2016, 10:12:36 AM |
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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...
We have not yet finalized the details, as platform is a 2017 project, but I can already confirm that fund managers will be able to have more than 1 fund.
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icojaka
Member
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Activity: 78
Merit: 10
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December 11, 2016, 10:18:22 AM |
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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 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... Why GOLEM? Doing due diligence we felt that it is a very solid project, with very high chance of success. Also, the team behind ticked all the right boxes, and have not only said the right things, but also their actions were on the level. And them filling the ICO in an hour proves that whole community felt the same. Anyway - you can read more about GOLEM case, as a colleague just analysed their ICO from psychology standpoint: https://medium.com/iconominet/the-psychology-behind-ico-funding-81787ecd9b42 ... But at the same time we understood, that this will be a long term project (even their roadmap clearly say so) with not so rapid ROI. That was the reason of a fairly limited investment into their ICO (5000 ETH), which is ~ 1 % of ICNP funds.
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aidia
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December 11, 2016, 10:18:59 AM |
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really like their posts about this stuff. I'm still not too happy with the golem investment, but I can clearly see where ICN is coming from now Golem is a legit project, but also a long term investment. Only reason I didn't enter their ICO was the fact that they didn't have any solution ready for FIAT -> GOLEM at a time. Fiat deposits to their network are needed for them to succeed in their targeted markets. Crypto is still a niche and will stay as long when all the hassle with exchanges, wallets and such is too complicated for businesses who could use their network. Interesting tho, Cashila has FIAT gateways in place so maybe Golem could utilize them.
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