[ANN] ICONOMI - Fund Management Platform

[Mihawk]

Are there any people concerned that ICONOMI is being supported by ETHEREUM, folks, is there any considerable risk of everything going wrong with any ETH platform instability? We know that LSK so far has not delivered anything! If something happens, how can I save the ICONOMI project?

[gravitate]

They should be able to jump over to another token! We are starting something similar with ETH but intend to jump over to WAVES or LISK as soon as possible. I am not a fan of ETH at all lol

[LeonardoDaVinci]

[Coca-Cola]

I can already taste the Piña colada that I will be sipping while relaxing inside the Jacuzzi on my yacht, docked in the Caribbean seas, with a blonde on my right and a brunette on my left.

[jackiedragon]

To be sincere to ourselves  because I've seen some unrealistic prices been quote here, where do you guys see the price of ICN when the platform is launched?

I'd tell you, but I don't want to ruin the surprise.

The master winker doing what he does best

As for the price, I think it will revolve around 0.8-1$ After that, it all depends on the userbase the platform will get and if there are any good new projects for performance (and eventualy index) funds to invest into.

Platform start will fire us up to $1

[sussex]

I can already taste the Piña colada that I will be sipping while relaxing inside the Jacuzzi on my yacht, docked in the Caribbean seas, with a blonde on my right and a brunette on my left.

Where's the redhead?

Don't answer that...  

Anyway, are you sure that's a jacuzzi? It looks like somewhere you boil your pasta.

[DimiZb]

If I place a purchase order in the amount of 100 BTC, can I manipulate the price? How many BTC do I need to have to make the price shoot? The term "whale" is assigned to the people who own how much of BTC?

Over 2000BTC will grant you "whale" label. I have observed enough pumps on Mintpal, Cryptsy, Bittrex and Poloniex for nearly 5 years. 100BTC is a good investment in ICO, but nothing more. 500BTC is your magic number if you want to move a price of a new and promising coin with good volume like ICN. Keep in mind that move, doesn`t mean pump. With 500BTC you can move price on Kraken. If ICN is on Poloniex, you will need bots which costs 300-700 euro and at least 3000BTC. Keep in mind that top 10 coins are always into the spotlights and many people doesn`t place sell orders, but are keeping their coins on the exchanges and waiting for good price. You will also need 5-15 real people to create enough hype in forums, Facebook, Twitter, etc. You can not do it alone. So, are you ready to become whale?

Whale is a relative/subjective term.  If you had 3000 BTC and asked Warren Buffet if he considers you a whale he would laugh like this:

Yes. I was talking in terms of pumping ICN. When ETC was about to be PnD for the first time, you remember that volume just on POLO was more than 120K BTC. And how about pumping BTC.  I am sure that even this old man from Omaha or at least his right hand - Charlie Munger will think twice about calling himself whale. 

Actually tbh 1000 BTC is a whale, he has 1 million usd in crypto, who knows how much he has elsewhere? With 1000 btc, you can pump any coin, 1 million usd can slightly pump even bitcoin for 10-20 usd. And can pump huge on ethereum if you have 1000 btc to be all-in eth.

[smokim87]

How much ICN should someone hold to be considered a whale?  100k?

1M or more I guess

[gravitate]

I miss being a whale I sold my Bitcoin when it was 300 bux to buy a new house lol.  Now  I'm like a tadpole

[cryptocr]

not a whale here but gonna get me some ICN in Kraken!

Cheers,

[malcovixeffect]

How much ICN should someone hold to be considered a whale?  100k?

IMO, if your ICN has a worth of 100BTC or more.

[MalReynolds]

How much ICN should someone hold to be considered a whale?  100k?

1M or more I guess

ICONOMI GENESIS BLOCK:

https://docs.google.com/spreadsheets/d/1FztYXiSJy5Ps2xc2nF4D8SHmVEimeFpAzeCfXkptQ00/edit?usp=sharing

Out of 3508 ICO investors, 25% of all available ICN worth $3.10M total is held by 12 people
Out of 3508 ICO investors, 50% of all available ICN worth $6.20M total is held by 68 people
Out of 3508 ICO investors, 75% of all available ICN worth $9.30M total is held by 582 people

TODAY:


 
1fcd is the ICONOMI cold wallet - who knows how many people are in there.

21a3 is Kraken - who knows how many people are in there.

Whales are the ones who have pulled their ICN out of ICONOMI and have skipped daytrading at Kraken to hodl in private wallets instead.

Only four people in that category have over 1M ICN.

I AM HODLING.

[Compa]

Once we break 0.00050
The FOMO will be REAL

0.0005 is possible in this month and I think it is easy up to 50k satoshi.
at the moment the price of icn is 0.00043 at kraken.

[Marvintymo]

Not sure if this has been posted yet, it's an article that mentions Iconomi. https://cointelegraph.com/news/bitcoin-price-growth-lifts-some-altcoins-along

[MalReynolds]

For ICNX is it going to be tradable like any other token? Therefore will be pumping and dumping or do you litterally buy it and see profit coming back? I cant get a clear understanding of this.

In theory, it should work just like an ETF (Exchange Traded Fund). https://www.youtube.com/watch?v=fT7h-TxAUvI

The real benefit though is you don't have to worry about securing 12 different wallets and having to rebalance your positions every few weeks. It is all done for you. I would much rather own ICNX, compared to having 12 different cryptos on exchange that can get stolen or hacked. I also don't have time to manage 12 different wallets and the private keys and keeping track of everything I own.

The cherry on top is each time some one buys or sells ICNX on Iconomi website, 1% fee is charged and paid to ICN holders every week. On top of that, 3% annual fee is charged for account maintenance and is paid to ICN holders as well.

You know we could have a 3th pulse of FOMO (not sure in 2017) - USA investors are allowed to invest/create funds on OFM. If/When this happens it will be after OFM is operational for some time already, meaning it will have big exposure. Then we will see a real pump, USA market is a big thing.

Must read articles in this area:

http://www.zerohedge.com/news/2017-01-21/why-bitcoin-etf-may-not-be-coming-any-time-soon

http://www.coindesk.com/ex-gemini-lawyer-sec-unlikely-to-approve-winklevoss-bitcoin-etf/

[Enjorlas]

For ICNX is it going to be tradable like any other token? Therefore will be pumping and dumping or do you litterally buy it and see profit coming back? I cant get a clear understanding of this.

In theory, it should work just like an ETF (Exchange Traded Fund). https://www.youtube.com/watch?v=fT7h-TxAUvI

The real benefit though is you don't have to worry about securing 12 different wallets and having to rebalance your positions every few weeks. It is all done for you. I would much rather own ICNX, compared to having 12 different cryptos on exchange that can get stolen or hacked. I also don't have time to manage 12 different wallets and the private keys and keeping track of everything I own.

The cherry on top is each time some one buys or sells ICNX on Iconomi website, 1% fee is charged and paid to ICN holders every week. On top of that, 3% annual fee is charged for account maintenance and is paid to ICN holders as well.

You know we could have a 3th pulse of FOMO (not sure in 2017) - USA investors are allowed to invest/create funds on OFM. If/When this happens it will be after OFM is operational for some time already, meaning it will have big exposure. Then we will see a real pump, USA market is a big thing.

Must read articles in this area:

http://www.zerohedge.com/news/2017-01-21/why-bitcoin-etf-may-not-be-coming-any-time-soon

http://www.coindesk.com/ex-gemini-lawyer-sec-unlikely-to-approve-winklevoss-bitcoin-etf/

That's bad news for the Winkelvos twins and their ETF. This means that those fresh Wall Street funds will be untapped and Iconomi will be ready to soak them up like a dry sponge.

[DimiZb]

How much ICN should someone hold to be considered a whale?  100k?

1M or more I guess

IMO half million can be defined as a whale, you can see the distribution, only 6 addresses have more than 1M, and first one is kranken's address. 11 addresses have more than half million, which can be defined as a whale

500000*0.000432=216 BTC, lovely whale     Wanna eat it.   

https://etherscan.io/token/tokenholderchart/ICONOMI

[shinratensei_]

I miss being a whale I sold my Bitcoin when it was 300 bux to buy a new house lol.  Now  I'm like a tadpole

At least you will be the bigger again with your the large project. I aware it.

You may buy a lot of castles soon. Because I've heard you will launch the big project soon with the name is Ethbits. 

[5thangel]

i really like Exodus Wallet 
it's good that they will support iconomi

[marilyngroom]

Any news on Polo?