[ANN] ICONOMI - Fund Management Platform

[martinholly167]

https://iconominet.slack.com/messages/vote/

[kobilica]

no man, just no. Maximum ICN value is bitcoins value * % of ICN investment into BTC...

800€*0.15 = 120€...

wait...

thats more than 100$




no seriously, 100$ per ICN is too much.

What? Percent ICN invested into BTC? What does that even mean?

Think he was meaning that the maximum exposure that ICN has to BTC is 15%. The devs somewhere, or I read somewhere, that the maximum percent exposure ICN will have to a single currency is 15%. Now how he goes into calculating the rest of the stuff, I have zero clue... People are crazy to think that ICN will get to $100 by the end of 2017. That would be a yearly return of over 25,000%. I mean I would love to see that gain but let's get realistic..

Yes you are right. Also it was a joke calculation, don't take it too seriously.

[ivanst776]

Recently I have moved some of my Iconomi to myetherwallet and I wanted to move to an exchange but unable to do it.

It says not enough gas, what does this mean? How can I estimate how much gas do I need to make a transaction or it is based on the amount of ICN transferred at once or each time I make a transaction? I didn't noticed this detail regarding to ICN.

U need Gas to do the transaction , so buy Half Ethereum  and transfer that to your wallet, if you have not ethereum available in your wallet you will be unable to do the transaction.  👍

 Just add ETH and u will be ok.

How can I estimate how much gas do I need to transfer 1,000 ICN and how much for 100, 3000 ICN etc...

I see many people have replied to me that I need 0.5 ETH, some 0.1 some 0.01ETH, which one is the nearest that I actually need?

Just need to withdraw the ICN and I don't want to left any ETH possible on my wallet!

[shinratensei_]

iconomi is declining prices. We will be happy if by Monday falls below 0,000350
 
Now it's a disaster. What are actually the whole team is doing .... !!!! ??

They're on the steady way to make this project being so big. Or you can put your buy wall @0.00035 and just wait for it until the price will be reaching over 0.001 and your wall will never be filled.
What a disaster? 
At least they are trying to give da best for their investors.

[Stratosf43ric]

Hello Community!

Came here for the lambo and my dividends too, but was wondering about the possible regulatory hurdles this venture might encounter along its journey.

Any thoughts?

[daburone]

Hello Community!

Came here for the lambo and my dividends too, but was wondering about the possible regulatory hurdles this venture might encounter along its journey.

Any thoughts?

Yes. This topic has been done to death. Iconomi is in a regulatory grey area like pretty much every other company in this space - Poloniex, BTC-e, Bitfinex, Augur - whatever.

[mtnsaa]

Hello Community!

Came here for the lambo and my dividends too, but was wondering about the possible regulatory hurdles this venture might encounter along its journey.

Any thoughts?

Yes. This topic has been done to death. Iconomi is in a regulatory grey area like pretty much every other company in this space - Poloniex, BTC-e, Bitfinex, Augur - whatever.

I was wondering for example what's the difference between Iconomi and Coinfund.io in this case (or any other crypto fund management company) besides the obvious difference in goals. But I think the main issue fudders like to bring up is that Iconomi doesn't have anyone in their team registered as a fund manager or whatever that's called. They are registered as Cashilla and can sell crypto to fiat under KYC rules but they are in no position to be "brokers". You can't manage people's investments without a license anywhere, doesn't matter if crypto is not regulated.

I don't know much about coinfund.io but they are located in the US so I'm sure they are abiding to strict laws. Poloniex and other exchanges are not in a grey area, for example Poloniex don't use fiat and recently they had to block a state (New Hampshire I think) because of recent law changes there.

[GregH37]

Hello Community!

Came here for the lambo and my dividends too, but was wondering about the possible regulatory hurdles this venture might encounter along its journey.

Any thoughts?

Yes. This topic has been done to death. Iconomi is in a regulatory grey area like pretty much every other company in this space - Poloniex, BTC-e, Bitfinex, Augur - whatever.

what do you mean by this? I think you are not updated well, the company is working all the way to make it successful.. and ICONOMI is already listed on the exchanges, what else you need.

[Stratosf43ric]

I see, but not all companies in the space are in that gray area. Looks like the dividend thing might raise some alarms: Guess it´s another risk factor to consider, but i like Iconomi idea.

[MoveCrypto]

Hello Community!

Came here for the lambo and my dividends too, but was wondering about the possible regulatory hurdles this venture might encounter along its journey.

Any thoughts?

Yes. This topic has been done to death. Iconomi is in a regulatory grey area like pretty much every other company in this space - Poloniex, BTC-e, Bitfinex, Augur - whatever.

I was wondering for example what's the difference between Iconomi and Coinfund.io in this case (or any other crypto fund management company) besides the obvious difference in goals. But I think the main issue fudders like to bring up is that Iconomi doesn't have anyone in their team registered as a fund manager or whatever that's called. They are registered as Cashilla and can sell crypto to fiat under KYC rules but they are in no position to be "brokers". You can't manage people's investments without a license anywhere, doesn't matter if crypto is not regulated.

I don't know much about coinfund.io but they are located in the US so I'm sure they are abiding to strict laws. Poloniex and other exchanges are not in a grey area, for example Poloniex don't use fiat and recently they had to block a state (New Hampshire I think) because of recent law changes there.

Some would say Poloniex only operates in grey areas.  Only reason they pulled out of New Hampshire and New York is because laws and regulations were passed that specifically mentioned "virtual currencies" and made those two states no longer grey.

Poloniex doesn't use fiat because that's another non-grey area with plenty of laws/regulations.

At least in US, if there's no laws/regulations/precedent specifically for or against something, then it is still legal and no special licenses are required for it.

[Rankhor]

Hello Community!

Came here for the lambo and my dividends too, but was wondering about the possible regulatory hurdles this venture might encounter along its journey.

Any thoughts?

Yes. This topic has been done to death. Iconomi is in a regulatory grey area like pretty much every other company in this space - Poloniex, BTC-e, Bitfinex, Augur - whatever.

I was wondering for example what's the difference between Iconomi and Coinfund.io in this case (or any other crypto fund management company) besides the obvious difference in goals. But I think the main issue fudders like to bring up is that Iconomi doesn't have anyone in their team registered as a fund manager or whatever that's called. They are registered as Cashilla and can sell crypto to fiat under KYC rules but they are in no position to be "brokers". You can't manage people's investments without a license anywhere, doesn't matter if crypto is not regulated.

I don't know much about coinfund.io but they are located in the US so I'm sure they are abiding to strict laws. Poloniex and other exchanges are not in a grey area, for example Poloniex don't use fiat and recently they had to block a state (New Hampshire I think) because of recent law changes there.

Some would say Poloniex only operates in grey areas.  Only reason they pulled out of New Hampshire and New York is because laws and regulations were passed that specifically mentioned "virtual currencies" and made those two states no longer grey.

Poloniex doesn't deal with fiat because that's another non-grey area with plenty of laws/regulations.

At least in US, if there's no laws/regulations specifically for or against something, then it is still legal and no special licenses are required to do it.

You can use Wirex, you just have to open a E-coin account and then you can convert btc to $ or € to a prepaid visa or mastercard card, they are based in Gibraltar and don't send any information to the IRS or to the taxation institution in your respective country.

[bias]

I see, but not all companies in the space are in that gray area. Looks like the dividend thing might raise some alarms: Guess it´s another risk factor to consider, but i like Iconomi idea.

Man please, you came here for trolling?
what grey areas and what risk factor to consider?! lol

I dont get the point of wtf you are saying...

[jacaf01]

I see, but not all companies in the space are in that gray area. Looks like the dividend thing might raise some alarms: Guess it´s another risk factor to consider, but i like Iconomi idea.

I doubt it, there is no gray area about this, your dividends will go straight to your Ethereum address once you have ICN tokens in that address, there will be a snapshot of addresses hold ICN tokens (Just like Ardor token distribution) and the dividends will be distributed directly into it

[Stratosf43ric]

I see, but not all companies in the space are in that gray area. Looks like the dividend thing might raise some alarms: Guess it´s another risk factor to consider, but i like Iconomi idea.

I doubt it, there is no gray area about this, your dividends will go straight to your Ethereum address once you have ICN tokens in that address, there will be a snapshot of addresses hold ICN tokens (Just like Ardor token distribution) and the dividends will be distributed directly into it

I understand that technically it wouldn´t be a problem, but since i haven´t looked deep into Iconomi and don´t understand well about the index fund... Just started researching and had this in mind because fiat involvement usually requires AML/KYC requirements. I mean us as shareholders paid in eth are safe, what i am worried is them as being assaulted by some regulatory entity as a company and cripple the project.

[MoveCrypto]

I see, but not all companies in the space are in that gray area. Looks like the dividend thing might raise some alarms: Guess it´s another risk factor to consider, but i like Iconomi idea.

I doubt it, there is no gray area about this, your dividends will go straight to your Ethereum address once you have ICN tokens in that address, there will be a snapshot of addresses hold ICN tokens (Just like Ardor token distribution) and the dividends will be distributed directly into it

I understand that technically it wouldn´t be a problem, but since i haven´t looked deep into Iconomi and don´t understand well about the index fund... Just started researching and had this in mind because fiat involvement usually requires AML/KYC requirements. I mean us as shareholders paid in eth are safe, what i am worried is them as being assaulted by some regulatory entity as a company and cripple the project.

If you are worried about regulators, then you should probably sell all your crypto and go back to fiat world before China bans ICN!

[LeonardoDaVinci]

According to our sources in Slovenia, ICONOMI team & their inner circle of investors in Slovenia are accumulating ICN ahead of the launch announcement.
Given the capped supply of ICN at 100m tokens, they had to come up with a solution to give investors in their inner circle a low enty in ICN.
So they went on radio silence for past 30 days on purpose so the price dips down a little, so investors in their inner circle find a low entry in ICN.
We advise you to hold tight to your hard earned ICN and await the imminent launch announcement.

hmmm... this could be why they took down the Youtube video of a conference in Slovenia where Tim was speaking front of some investors.

[Enjorlas]

According to our sources in Slovenia, ICONOMI team & their inner circle of investors in Slovenia are accumulating ICN ahead of the launch announcement.
Given the capped supply of ICN at 100m tokens, they had to come up with a solution to give investors in their inner circle a low enty in ICN.
So they went on radio silence for past 30 days on purpose so the price dips down a little, so investors in their inner circle find a low entry in ICN.
We advise you to hold tight to your hard earned ICN and await the imminent launch announcement.

The hell is this? Crypto Wikileaks lol? If this is true then hold on for dear sweet life. The roller coaster is about to start.

[ivanst776]

According to our sources in Slovenia, ICONOMI team & their inner circle of investors in Slovenia are accumulating ICN ahead of the launch announcement.
Given the capped supply of ICN at 100m tokens, they had to come up with a solution to give investors in their inner circle a low enty in ICN.
So they went on radio silence for past 30 days on purpose so the price dips down a little, so investors in their inner circle find a low entry in ICN.
We advise you to hold tight to your hard earned ICN and await the imminent launch announcement.

How much reliable is this/your source? I have seen that the iconomi team has become silence for a long time.

And this is worrying me because it can be the oposite and they can disappear and the value of iconomi can be decreased.

I hope that this is true and I have not sold my ICNs yet and I'm waiting for the good news coming from Iconomi.

[favdesu]

According to our sources in Slovenia, ICONOMI team & their inner circle of investors in Slovenia are accumulating ICN ahead of the launch announcement.
Given the capped supply of ICN at 100m tokens, they had to come up with a solution to give investors in their inner circle a low enty in ICN.
So they went on radio silence for past 30 days on purpose so the price dips down a little, so investors in their inner circle find a low entry in ICN.
We advise you to hold tight to your hard earned ICN and await the imminent launch announcement.

How much reliable is this/your source? I have seen that the iconomi team has become silence for a long time.

And this is worrying me because it can be the oposite and they can disappear and the value of iconomi can be decreased.

according to my left testicle, this is made up bullshit.

source: left testicle

[kointrend]

The most accurate pic of the thread. , I love it