[ANN] ICONOMI - Fund Management Platform

[B!gSmoke]

Kraken is back online!

Not much ICN left under 0.00030 tho...

Looks like we're heading to 0.0040 soon.

still 38 BTC left till 30k

Peanuts, tho!

[1714181095]

1714181095

[pind919]

someone sold Ξ0.03000   86,828.955 ICNs

[klidex]

Kraken is back online!

Not much ICN left under 0.00030 tho...

Looks like we're heading to 0.0040 soon.

still 38 BTC left till 30k

are you sure it will pass 0.00040 at the end of this month?

highest bid today is 0.000282

lot off pressure by sell order while bitcoin value keep upwards

[btvGainer]

You have absolutely no clue what you are talking about.
You are talking about ICNX. ICNP CAN invest into Chronobank. They would announce that after ICO is over. Chronobank and ICNX have nothing to do with each other.

If Iconomi want to invest they may have already invested. As they won't want to waste the 30% bonus.

ICNX too can have chronobank. If it becomes an eligible currency after few months, it can be added to ICNX .

ICONOMI, if decided to invest in any project, should be given some previleges for it is one big investors and its involvement would not only benefit the project but also all investors.
So they maybe given some extra bonus even if bonus period is over

[clixcoin]

ICN is still very strong with huge support hope price will get doubled before end of current month. INCX will released very soon than price will start rising so wait and watch till now.

[Wall-Street]

Kraken is back online!

Not much ICN left under 0.00030 tho...

Looks like we're heading to 0.0040 soon.

still 38 BTC left till 30k

are you sure it will pass 0.00040 at the end of this month?

highest bid today is 0.000282

lot off pressure by sell order while bitcoin value keep upwards

The sell pressure is there mainly because most new buyers don't have an ETH wallet to withdraw their ICN to and ICONOMI.net wallet still doesn't accept ICN deposits.

All that will change on December 28th when people withdraw ICN from Kraken to their wallets on Iconomi.net so they can earn the weekly Dividends, especially since Kraken didn't announce any plans to distribute Dividends to ICN holders.

ICN will be so scarce on Kraken that we could see 0.00100 reached within few days.

[Daparski]

Kraken is back online!

Not much ICN left under 0.00030 tho...

Looks like we're heading to 0.0040 soon.

still 38 BTC left till 30k

are you sure it will pass 0.00040 at the end of this month?

highest bid today is 0.000282

lot off pressure by sell order while bitcoin value keep upwards

The sell pressure is there mainly because most new buyers don't have an ETH wallet to withdraw their ICN to and ICONOMI.net wallet still doesn't accept ICN deposits.

All that will change on December 28th when people withdraw ICN from Kraken to their wallets on Iconomi.net so they can earn the weekly Dividends, especially since Kraken didn't announce any plans to distribute Dividends to ICN holders.

ICN will be so scarce on Kraken that we could see 0.00100 reached within few days.

ICN deposits on Iconomi site won't be available on 28th. It was stated few times on Reddit

[zahra4577]

Kraken is back online!

Not much ICN left under 0.00030 tho...

Looks like we're heading to 0.0040 soon.

still 38 BTC left till 30k

are you sure it will pass 0.00040 at the end of this month?

highest bid today is 0.000282

lot off pressure by sell order while bitcoin value keep upwards

The sell pressure is there mainly because most new buyers don't have an ETH wallet to withdraw their ICN to and ICONOMI.net wallet still doesn't accept ICN deposits.

All that will change on December 28th when people withdraw ICN from Kraken to their wallets on Iconomi.net so they can earn the weekly Dividends, especially since Kraken didn't announce any plans to distribute Dividends to ICN holders.

ICN will be so scarce on Kraken that we could see 0.00100 reached within few days.

ICN deposits on Iconomi site won't be available on 28th. It was stated few times on Reddit

Does it mean we have to move our ICN to icn wallet from ICO dashboard before 28th of December? I am sorry if i missed something as I am not following them on Reddit or here but I am concerned about my ICN which I am keeping on ICO dashboard

[puremage111]

is the Dividends start paying on 28/12?

Or the project start to launch and by weekly dividends, do they mean every week? Or Bi week?

Thanks!

[B!gSmoke]

Kraken is back online!

Not much ICN left under 0.00030 tho...

Looks like we're heading to 0.0040 soon.

still 38 BTC left till 30k

are you sure it will pass 0.00040 at the end of this month?

highest bid today is 0.000282

lot off pressure by sell order while bitcoin value keep upwards

The sell pressure is there mainly because most new buyers don't have an ETH wallet to withdraw their ICN to and ICONOMI.net wallet still doesn't accept ICN deposits.

What does this have to do with the sell pressure? When your icn are on kraken, doesn't that mean you automatically set up a sell order. All my icn I hold don't apply there because I didn't set up a sell order.

So I can't understand what you are trying to say.

is the Dividends start paying on 28/12?

Or the project start to launch and by weekly dividends, do they mean every week? Or Bi week?

Thanks!

This was asked about a 1000 times now, please do some research by yourself.

[MalReynolds]

I don't expect dividends to be significant until OFM platform is launched and starts generating fees.

Estimated Weekly revenue of trading platforms (24 hour volume × trading fee × 7 days):
Bittrex: (0.25% fee):    $12k
Bitstamp: (0.20% fee): $35k
Poloniex: (0.35% fee): $203k

Optimistic scenario is OFM platform starts generating as much revenue as Poloniex.  Then 1k ICN would rake in a massive $2.03 per week in dividends.

So if OFM gets as big as Poloniex, your "massive" $2.03 per 1K ICN is $105.56 per year.  For a $0.1257 * 1000 = $125.70 ICO investment, your OFM=Poloniex scenario would be a fantastic ongoing annual return on tokens you continue to hold which would become worth A LOT more than you originally paid for them - whether or not you bought them originally at ICO, or buy them on the cheap at Kraken NOW.

Oh, and your analysis doesn't include any additional dividends on profits generated by ICNX or ICNP.  So there's THAT.

ICONOMI.  So many ways to make money.  Hodl.

[shinratensei_]

Kraken is back online!

Not much ICN left under 0.00030 tho...

Looks like we're heading to 0.0040 soon.

still 38 BTC left till 30k

are you sure it will pass 0.00040 at the end of this month?

highest bid today is 0.000282

lot off pressure by sell order while bitcoin value keep upwards

Yes, i sure, and what's wrong with someone's dream?

I know about that pressure but seems like everything can happen if the platform was launching soon. keep being optimism with this coin.

[MalReynolds]

is the Dividends start paying on 28/12?

Or the project start to launch and by weekly dividends, do they mean every week? Or Bi week?

Thanks!

On December 28 ICONOMI launches the OFM trading platform and the ICNX fund.  OFM will then have to generate fees and the ICNX fund will have to generate profits to create a dividend pool.  Also, the already-operating ICNP fund also needs time to generate profits.  Generating these fees and profits will take weeks or maybe months to happen after the December 28 milestone.  Once fees and profits begin to flow routinely to the dividend pool, those dividends will be disbursed to ICN holders on a weekly basis.

And remember, ICN is a zero-inflation token and not a mined inflationary coin.  There's only 100M ICN tokens, ever, that will be paying dividends.  ICN price has gone from $0.1257 USD per ICN at launch on Sept 29 to $0.2188 today - an appreciation in value of 75% in less than 90 days.   Get your ICN now at Kraken while they are still cheap.

[pind919]

I don't expect dividends to be significant until OFM platform is launched and starts generating fees.

Estimated Weekly revenue of trading platforms (24 hour volume × trading fee × 7 days):
Bittrex: (0.25% fee):    $12k
Bitstamp: (0.20% fee): $35k
Poloniex: (0.35% fee): $203k

Optimistic scenario is OFM platform starts generating as much revenue as Poloniex.  Then 1k ICN would rake in a massive $2.03 per week in dividends.

Very interesting analysis, but I think you have an error in your calculation here.  It appears you are assuming all fees gathered by ICONOMI go to dividends.  I don't believe the dividend rate has been officially set but it is usually discussed as being 20%, which means 80% of fees earned would be retained by ICONOMI for future operations and growth.  

So if OFM gets as big as Poloniex and if ICN sets a 20% dividend rate on profits, your "massive" $2.03 per 1K ICN has to be divided by 5 to become a still quite respectable $0.406 per 1K ICN, or $21.11 per year.  For a $0.1257 * 1000 = $125.70 ICO investment, your OFM=Poloniex scenario would be a great ongoing return on tokens you continue to hold which would become worth A LOT more than you originally paid for them - whether or not you bought them originally at ICO, or buy them on the cheap at Kraken NOW.

Oh, and your analysis doesn't include any additional dividends on profits generated by ICNX or ICNP.  So there's THAT.

ICONOMI.  So many ways to make money.  Hodl.

Thank you for more accurate and detail-ed  information, i have been sure that i saw a 20% rate for dividends as well ...

[Daparski]

I don't expect dividends to be significant until OFM platform is launched and starts generating fees.

Estimated Weekly revenue of trading platforms (24 hour volume × trading fee × 7 days):
Bittrex: (0.25% fee):    $12k
Bitstamp: (0.20% fee): $35k
Poloniex: (0.35% fee): $203k

Optimistic scenario is OFM platform starts generating as much revenue as Poloniex.  Then 1k ICN would rake in a massive $2.03 per week in dividends.

Very interesting analysis, but I think you have an error in your calculation here.  It appears you are assuming all fees gathered by ICONOMI go to dividends.  I don't believe the dividend rate has been officially set but it is usually discussed as being 20%, which means 80% of fees earned would be retained by ICONOMI for future operations and growth.  

So if OFM gets as big as Poloniex and if ICN sets a 20% dividend rate on profits, your "massive" $2.03 per 1K ICN has to be divided by 5 to become a still quite respectable $0.406 per 1K ICN, or $21.11 per year.  For a $0.1257 * 1000 = $125.70 ICO investment, your OFM=Poloniex scenario would be a great ongoing return on tokens you continue to hold which would become worth A LOT more than you originally paid for them - whether or not you bought them originally at ICO, or buy them on the cheap at Kraken NOW.

Oh, and your analysis doesn't include any additional dividends on profits generated by ICNX or ICNP.  So there's THAT.

ICONOMI.  So many ways to make money.  Hodl.

I think you are wrong about the dividends. It was stated that as long as Iconomi have enough funds from ICO money for daily operations, all fees will go to ICN holders.
Once they will burn ICO money, profits will first be used for operational costs and the rest will be paid as dividends.
Since ~80% of ICNP profits go back to Iconomi, I don't expect Iconomi to be short for operational funds any time soon

Edit: The more I think about it, the more I love their business model. Very well planned.
As for ICN value - 75% up before first access, with BTC rally in the last 2 months says a lot.

[MalReynolds]

It was stated that as long as Iconomi have enough funds from ICO money for daily operations, all fees will go to ICN holders.
Once they will burn ICO money, profits will first be used for operational costs and the rest will be paid as dividends.
Since ~80% of ICNP profits go back to Iconomi, I don't expect Iconomi to be short for operational funds any time soon

I missed this.  The word "fees" is mentioned exactly once in the Whitepaper, and not in this context.  Link?

[Daparski]

It was stated that as long as Iconomi have enough funds from ICO money for daily operations, all fees will go to ICN holders.
Once they will burn ICO money, profits will first be used for operational costs and the rest will be paid as dividends.
Since ~80% of ICNP profits go back to Iconomi, I don't expect Iconomi to be short for operational funds any time soon

I missed this.  Link?

"How much is distributed as dividends to ICN token holders?

ICN token holders receive everything, after the operational costs of the service operator have been subtracted. Please note that we will be using the capital raised during the ICO for coverage of operational costs and will not participate in profit sharing as long as there are ICO funds left over."

https://ico.iconomi.net/faq

[MalReynolds]

It was stated that as long as Iconomi have enough funds from ICO money for daily operations, all fees will go to ICN holders.
Once they will burn ICO money, profits will first be used for operational costs and the rest will be paid as dividends.
Since ~80% of ICNP profits go back to Iconomi, I don't expect Iconomi to be short for operational funds any time soon

I missed this.  Link?

"How much is distributed as dividends to ICN token holders?

ICN token holders receive everything, after the operational costs of the service operator have been subtracted. Please note that we will be using the capital raised during the ICO for coverage of operational costs and will not participate in profit sharing as long as there are ICO funds left over."

https://ico.iconomi.net/faq

Wow.  I keep learning.  First ICN price will go up like a rocket based on unrealized, undistributed profits from ICNX / ICNP, and now effectively 100% distribution of OFM fees as dividends until ICO funds run out.

I'll edit my post above.

Mind blown.  Hodl ^ 2.

[Daparski]

It was stated that as long as Iconomi have enough funds from ICO money for daily operations, all fees will go to ICN holders.
Once they will burn ICO money, profits will first be used for operational costs and the rest will be paid as dividends.
Since ~80% of ICNP profits go back to Iconomi, I don't expect Iconomi to be short for operational funds any time soon

I missed this.  Link?

"How much is distributed as dividends to ICN token holders?

ICN token holders receive everything, after the operational costs of the service operator have been subtracted. Please note that we will be using the capital raised during the ICO for coverage of operational costs and will not participate in profit sharing as long as there are ICO funds left over."

https://ico.iconomi.net/faq

Wow.  I keep learning.  First ICN price will go up like a rocket based on unrealized, undistributed profits from ICNX / ICNP, and now effectively 100% distribution of OFM fees as dividends until ICO funds run out.

I'll edit my post above.

Mind blown.  Hodl ^ 2.

Hodl ^ 4

[MalReynolds]

I honestly don't understand why there is not zero liquidity at Kraken.   You have to be a complete idiot to sell any ICN you currently have.