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Author Topic: ICONOMI - Live for today. Invest for tomorrow.  (Read 556211 times)
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btcunbranded
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June 08, 2017, 06:22:50 PM
 #5801

Yyyes! $2 at kraken! this is just the start and would fly eventually just as we expect.  platform isn't yet available to everyone, how much more can it go when its accessible for the public. is the role of ICN in the platform already known?
http://imgur.com/aDMe8MW

May help

FEES - Operating Costs= Buybacks of ICN
Thought i read somewhere that the buyback is only temporary
EDIT.
jumped on slack and asked, so buyback is permanent at 20% as stated in last AMA

You still mixed it up a little bit
Smiley

ICN token holders benefit from several revenue streams including 20% of ICNP realized gains, a 3% yearly ICNX management fee (deducted every 6 hours from underlying assets) and 0.1% entry/exit fee.
Fees will also be collected from all future Digital Asset Arrays (DAA) created on the ICONOMI platform.

That is a great concept, but how would token holders benefit technically? By ICN buyback and price increase?
Yes. Buybacks means constant buy support in the market.

Wonder what would my uncle say about this
Is his name Sam by any chance?

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June 08, 2017, 06:26:02 PM
 #5802

Yes. Buybacks means constant buy support in the market.

Wonder what would my uncle say about this

Moi?

Let's put other arguments aside, and focus on a more constructive discussion... The buy back orders are apparently only going to be placed below the last price - which I'm not entirely sure on...

For example, I came across this 'APX ventures', who are using a buyback system too, but their approach is different:

Quote
70% will go towards market buys on exchange

20% will go towards buy support @ 10% below market price.

10% will go towards the APX Liquidity Fund (ALF) which will held as BTC off-exchange, available for anyone to access if they wish to convert their APX for BTC without disrupting the market.

All APX acquired through this process will be verifiably burned.

Source: https://drive.google.com/file/d/0ByqyVzIU5PtFLXp2UGZPcUFYd1U/view

The liquidity fund idea is interesting, but I'm mainly drawn towards the fact that they will offer market buys, as well as buy support.

I'd be interested in people's thoughts on this approach - is it better or worse? Has this been discussed on the slack at all, or with the team?

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June 08, 2017, 07:15:22 PM
 #5803

Yes. Buybacks means constant buy support in the market.

Wonder what would my uncle say about this

Moi?

Let's put other arguments aside, and focus on a more constructive discussion... The buy back orders are apparently only going to be placed below the last price - which I'm not entirely sure on...

For example, I came across this 'APX ventures', who are using a buyback system too, but their approach is different:

Quote
70% will go towards market buys on exchange

20% will go towards buy support @ 10% below market price.

10% will go towards the APX Liquidity Fund (ALF) which will held as BTC off-exchange, available for anyone to access if they wish to convert their APX for BTC without disrupting the market.

All APX acquired through this process will be verifiably burned.

Source: https://drive.google.com/file/d/0ByqyVzIU5PtFLXp2UGZPcUFYd1U/view

The liquidity fund idea is interesting, but I'm mainly drawn towards the fact that they will offer market buys, as well as buy support.

I'd be interested in people's thoughts on this approach - is it better or worse? Has this been discussed on the slack at all, or with the team?



No, it hasn't been discussed in slack. Personally I don't love the idea of market buy - it creates artificial price pump. I like the idea of placing buy orders bellow the highest market price much more.

Liquidity fund as OTC as a service? Actually it sounds interesting
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June 08, 2017, 08:05:25 PM
 #5804

https://youtu.be/5SoNbsPYQGA?t=3m40s
ICONOMI BUY.BUY.BUY
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June 08, 2017, 08:34:50 PM
 #5805


For example, I came across this 'APX ventures', who are using a buyback system too, but their approach is different:

Quote
70% will go towards market buys on exchange

20% will go towards buy support @ 10% below market price.

10% will go towards the APX Liquidity Fund (ALF) which will held as BTC off-exchange, available for anyone to access if they wish to convert their APX for BTC without disrupting the market.

All APX acquired through this process will be verifiably burned.

Source: https://drive.google.com/file/d/0ByqyVzIU5PtFLXp2UGZPcUFYd1U/view

The liquidity fund idea is interesting, but I'm mainly drawn towards the fact that they will offer market buys, as well as buy support.

I'd be interested in people's thoughts on this approach - is it better or worse? Has this been discussed on the slack at all, or with the team?



Such breakdown won't benefit this fund, IMO.

A company should always aim to buy back its stock at the lowest possible price:

1. more shares are burned for the same amount of cash
2. solid support level below market price reduces volatility
3. it also brings stability and provides confidence
4. buying at market artificially inflates price and when buybacks are done a dump will follow. 20% won't hold that.
5. the fund ends up overpaying for its stock - which is a loss basically

The "liquidity fund" is not a new concept. Again, a company is likely to end up paying more than it could have paid -  BTC x-rate is still tied to the market so the price should include some premium to attract sellers. We have a "free market"-style transparent exchanges, why should we use tools from another era?

Correct me if I'm wrong, let's discuss it  Smiley
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June 08, 2017, 08:58:49 PM
 #5806

https://youtu.be/5SoNbsPYQGA?t=3m40s
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June 08, 2017, 09:22:21 PM
 #5807

https://coinmarketcap.com/assets/iconomi/ xoinmarketcap now shoeing price in eth too.It is a good move by them
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June 08, 2017, 09:27:38 PM
 #5808

It feels that at this price, and given the history, other major exchanges should list ICN as well. At least Bittrex of not Poloniex.
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June 09, 2017, 12:05:36 AM
 #5809

icn is close to $2 have they launched the platform or it is because btc rise?Sorry for not reading previous pages.

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June 09, 2017, 12:10:30 AM
 #5810

icn is close to $2 have they launched the platform or it is because btc rise?Sorry for not reading previous pages.
Platform not available for general public yet but they have made some good investment.The recent one cofound pushed up the prices it seems
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June 09, 2017, 12:19:36 AM
 #5811

Such breakdown won't benefit this fund, IMO.

A company should always aim to buy back its stock at the lowest possible price:

1. more shares are burned for the same amount of cash
2. solid support level below market price reduces volatility
3. it also brings stability and provides confidence
4. buying at market artificially inflates price and when buybacks are done a dump will follow. 20% won't hold that.
5. the fund ends up overpaying for its stock - which is a loss basically

The "liquidity fund" is not a new concept. Again, a company is likely to end up paying more than it could have paid -  BTC x-rate is still tied to the market so the price should include some premium to attract sellers. We have a "free market"-style transparent exchanges, why should we use tools from another era?

Correct me if I'm wrong, let's discuss it  Smiley


I can't say if you're wrong or right. Got to factor in that crypto is full of noobs, markets are irrational, etc. too.

I would suggest that it's no more artificial than placing the orders on the buy side, as support. Or just the idea of reducing the supply in general.

You might be right that it would cause dumps afterwards, though.

On the liquidity fund... I suppose one advantage would be an extra place to sell, if we're still stuck on Kraken, or whatever, without causing dumps. I just thought it was an interesting addition. I don't necessarily think Iconomi should implement it.

As an amusing side note (regardless of which is right or wrong) if Iconomi's original plan was to buy straight from the market, and I popped in saying "Hey guys! Maybe Iconomi should just place support bids instead! What do you guys think?" ... I BET YOU most people would disagree with me  Tongue
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June 09, 2017, 12:57:44 AM
 #5812

Im glad my 10k iconomi are finally doing something yay. If you dont have telegram you should get it. Also ethbits dev/pr are rock its going to be a good dividends token like   this one
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June 09, 2017, 02:47:02 AM
 #5813

I personally like the idea of market buys, and will use my significant share of ICN to vote in that direction if possible. I don't know about 70% market buys though. Perhaps 20-30% is a calmer number.

But one thing is for sure, if Iconomi doesn't start market buying with their profits, they will quickly have $millions worth of assets backed up sitting in buy orders on exchanges. For example, there is only around $1,000,000 worth of ICN for sell on Kraken at any given day, but the ICNP is already sitting on a potential $9 million worth of buybacks if they break even on all sold investments. If they don't use some to market buy and move the price, nobody would ever sell.

Also, a liquidity fund is unnecessary if Iconomi is going to be setting up buy walls on exchanges. If you need liquidity simply dump into one of their walls.

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June 09, 2017, 08:45:19 AM
 #5814

32    Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICONOMI - Fund Management Platform   on: October 24, 2016, 05:44:09 AM

In traditional markets projected P/E can range with ratios of 10-25. Depending on economic conditions and the industry. The economic conditions in crypto have been favorable recently with total market capitalization in
(Jan. 2013 $1.5B)
(Jan 2015 $3.6B)
(Jan. 2016 $7.0B)
(Currently approaching $13.0B)

Example: Projections for Iconomi in its first year net $10M profit that is .10C per ICN if we base share valuation on traditional markets ICN has the potential to reach $1-$2.50 per share. This is crypto and it tends to be much more volatile. ICN has the potential to trade at much higher than standard P/E ratios although as with any crypto it will probably have many peaks and valleys. Prepare for upward trajectory and several pumps and dumps. Ultimately the value will reside in how much money is accumulated in our funds and then how the entire crypto market preforms over the course of the next year
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June 09, 2017, 09:04:18 AM
 #5815

I am against market buys because pumping your own price comes across as scammy... Making buy support orders under the last price is a better option in my opinion. If you pump the price then it will dump as well but if you offer buy support then it will just catch some dumps and add to the organic growth of the price.

Yes. Buybacks means constant buy support in the market.

Wonder what would my uncle say about this

Moi?

Let's put other arguments aside, and focus on a more constructive discussion... The buy back orders are apparently only going to be placed below the last price - which I'm not entirely sure on...

For example, I came across this 'APX ventures', who are using a buyback system too, but their approach is different:

Quote
70% will go towards market buys on exchange

20% will go towards buy support @ 10% below market price.

10% will go towards the APX Liquidity Fund (ALF) which will held as BTC off-exchange, available for anyone to access if they wish to convert their APX for BTC without disrupting the market.

All APX acquired through this process will be verifiably burned.

Source: https://drive.google.com/file/d/0ByqyVzIU5PtFLXp2UGZPcUFYd1U/view

The liquidity fund idea is interesting, but I'm mainly drawn towards the fact that they will offer market buys, as well as buy support.

I'd be interested in people's thoughts on this approach - is it better or worse? Has this been discussed on the slack at all, or with the team?


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June 09, 2017, 01:19:16 PM
 #5816

Instead of investing in many ico one should buy icn but they do not give share in ico tokens.
CoinDash will give you share in ico tokens which they would invest in.

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rendravolt
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June 09, 2017, 01:32:04 PM
 #5817

Only ICN has not touched 100k satoshi.

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AdobeWriter
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June 09, 2017, 02:16:56 PM
 #5818

icn is close to $2 have they launched the platform or it is because btc rise?Sorry for not reading previous pages.

ETA on platform launch was given by Jani in the last ICONOMI AMA a few days ago. The platform will be launched in two months tops, which is as good as launched already. The FOMO is real to buy ICN before it skyrockets to god knows what price.
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June 09, 2017, 02:42:15 PM
 #5819


On the liquidity fund... I suppose one advantage would be an extra place to sell, if we're still stuck on Kraken, or whatever, without causing dumps. I just thought it was an interesting addition. I don't necessarily think Iconomi should implement it.


I agree, crypto-community is indeed very irrational.

Extra place to sell is always a good thing, but it must ensure that benefits (such as marketing, reputation, fees, etc.) outweigh the expenditure required to setup and upkeep this system plus any possible price discrepancy.

As an amusing side note (regardless of which is right or wrong) if Iconomi's original plan was to buy straight from the market, I bet you would have said "Hey guys! Maybe Iconomi should just place support bids instead! What do you guys think?"  Wink
Mendeleev
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June 09, 2017, 03:31:50 PM
 #5820

As an amusing side note (regardless of which is right or wrong) if Iconomi's original plan was to buy straight from the market, I bet you would have said "Hey guys! Maybe Iconomi should just place support bids instead! What do you guys think?"  Wink

And I'd be right to. I don't mind the assertion that I would always think outside the box  Wink

It's not like I disagree with every single move Iconomi makes. But there are people who will blindly follow, without considering alternatives, as well you know!

Anyway, on this particular issue, I'm still undecided. I imagine it has occured to Iconomi already, and they probably reached similar conclusions to what you said above.

Enjorlas likes the idea though! Now I feel bad for telling him he's a useless moonkid with nothing of any value to say  Sad

What do you think of his comment?

But one thing is for sure, if Iconomi doesn't start market buying with their profits, they will quickly have $millions worth of assets backed up sitting in buy orders on exchanges. For example, there is only around $1,000,000 worth of ICN for sell on Kraken at any given day, but the ICNP is already sitting on a potential $9 million worth of buybacks if they break even on all sold investments. If they don't use some to market buy and move the price, nobody would ever sell.

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