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Author Topic: ICONOMI - Live for today. Invest for tomorrow.  (Read 548097 times)
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estenity
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March 15, 2018, 01:25:18 AM
 #8521

The news hit the spot and they saying that "Further ICN usages will be announced in the future." hits the spot again.

Me like many people here we're searching for a sane investment for the future that does not depend on a specific token but on a trend (crypto). This news does not have a huge effect at the moment but as more people get into crypto will have a snowball effect.

Q1 2017 Report total fees for burning ICN 50,936$
Q4 2017 Report total fees for burning ICN 1,015,999$ (some 850k tokens at current price)

That's 20 times more and the rate will be even quicker now in 2018 with more ICN fees. I can see the burn rate going x4 and making 1 mil in fees a month in the near future. Considering the road map i would say 20x increase in fees used for burning in year 2018 it's not even optimistic. They will get most of the services going this year: Fiat ramp up, debit card, more DAA's and even smaller DAA's.

Many people buy it and hope for 10x over night. Because most projects who are as promising as ICN are doing a lot better even if at the moment they are just that. Promises! When they see it's not doing 10x and actually losing value in front of BTC/ETH they sell it and that's why there's a lot of ICN to buy and few people interested in it.
This is not gonna last forever because getting in will get tighter and tighter.

I'm happy we got official utility. I'l hold their word on that "Further ICN usages will be announced in the future." and soon will be starting asking questions again Smiley)

@estenity I feel them a little scared because of regulations and some heads will fall when new crypto laws will come. I guess they don't wanna be caught on the bad foot saying something, then they can't hold their word up because new regulations says otherwise. And now they got lawsuits coming from people with broken promises and anything they said will be held against them.
This scenario is a little pessimistic and suggests that some promise they made in the past will come in conflict with the upcoming regulation laws.
"ICN holder is entitled to a share in platform and all assets" unfortunately is EXACTLY the thing that you don't wanna say when laws are not clear and you don't know what's comming.
I think they play it smart and safe at the moment.
Even if it's not official they never denied that first statement, even though it's not written on iconomi.net anywhere.

Again glad to have some utility and a sincere thank you for the team there. I will get the Tim and Jani pictures down from my dart plate Smiley)

hello MrHans, i accept your reasoning, we can wait again a little more time...

but I can tell you that from the ICO time, they look attracted by "finance" world, albeit choosing to play in "crypto" sector...but looking to join in every occasion...

these people exist because ico subscribers gave them the monies to exist.

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March 15, 2018, 01:36:48 AM
 #8522

@iconominet banned me twitter, because of the question:
"50 active people on Twitter, is not good, where RP?"
investors blacklisted, it's just mega cool!!!
iconomi does not hold criticism

Yes they do that sometimes. They went on a ban frenzy on reddit some time ago. Community was also trowing shit at them or saying stupid things but banning it's not the way to go if you ask me.
Not that your concern is stupid or anything. I'm personally not interested in twitter and how many followers they have. If we would measure succes in twitter visibility we would have Katty Perry on first and Justin Beaber on second place because of how many followers they have. (it's real you can look it up like i did)

But... i too hope they will make themselves more visible at least in the right places. Right now they have these "Meet the managers Event" in London and Amsterdam if i'm not mistaking.


hello MrHans, everyday twitter becomes a more scaring institution.
last week binance was hacked and its chief used twitter as a mean of disseminating his reaction.
to my stupefaction his twitter account has been controlled by other malevolent people for some hours,then he regained control.
he concluded something as "dont' trust anything important on twitter"
how to gain confidence there?
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March 15, 2018, 07:07:30 AM
 #8523

Yes, this are long awaited news! Hope we will see the volume and value rise for ICN now... or rather once the market will recover.

these new uses are only "to play with the direction, and inside management of DAAs"

so nothing in relation with the fact that ICN holders would be supposed as the real owners of the "company"

a big blow of sword in the water...

Well, it's a good start for creating some usability for ICN. Like @Gutenhans said, I don't think we ever hear that ICN means owning Iconomi again, because of all the regulations and SEC annoucements. Either we accept it or dump our bags and move to other project. I've invested in Nexo for dividends lately, since they call their cryptocurrency "the world’s first US SEC-compliant dividend-paying asset-backed security token".

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March 15, 2018, 07:58:52 AM
 #8524

Announcing another 2018 #ICONOMI roadmap milestone: fees payable in #ICN. Read the full details in our blog post:
https://medium.com/iconominet/introducing-fees-payable-in-icn-4c466e17a6cb
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March 15, 2018, 08:21:35 AM
 #8525

Announcing another 2018 #ICONOMI roadmap milestone: fees payable in #ICN. Read the full details in our blog post:
https://medium.com/iconominet/introducing-fees-payable-in-icn-4c466e17a6cb
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March 15, 2018, 04:13:23 PM
 #8526

#ICONOMI’s second Monthly Update of 2018 is now available! Read our latest Monthly Update here:



https://medium.com/iconominet/2018-monthly-update-ii-5645367f1273




https://twitter.com/iconominet/status/974315896478068736




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March 15, 2018, 06:13:51 PM
 #8527

Announcing another 2018 #ICONOMI roadmap milestone: fees payable in #ICN. Read the full details in our blog post:
https://medium.com/iconominet/introducing-fees-payable-in-icn-4c466e17a6cb

I do believe this is a good step in the right direction. It's a start anyway. I'm sure the fees by DAA usage will start to grow to a lot bigger amounts over the coming year(s). It's a shame it will still take a few months before the new system is fully in place, but hopefully some more utilities will have been announced by this time too. One can hope!

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March 15, 2018, 06:33:07 PM
 #8528

Iconomi is a digital assets management platform that aims to simplify investing in cryptocurrencies, ICOs etc. The platform will connect Digital Assets Array (DAA) managers with investors.
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March 15, 2018, 09:00:46 PM
 #8529

Is it possible to use the Iconomi coins to invest in DAA rather than ethereum or bitcoins
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March 15, 2018, 11:00:43 PM
 #8530

Is it possible to use the Iconomi coins to invest in DAA rather than ethereum or bitcoins
Not yet. ICN has too little liquidity compared to the DAAs so it would move the market big time trying to get in and out of ICN, thus the use of BTC and ETH that have a higher monetary base.
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March 16, 2018, 08:12:42 AM
 #8531

Adjusted buyback system will take effect on July 1. Can someone elaborate more on that for me? Im not on slack or rocket chat.
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March 16, 2018, 11:12:36 AM
 #8532

Was looking at DAA.. and a bit confused which one to invest
any recommendation from here
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March 16, 2018, 11:23:34 AM
 #8533

I know that the big news is the first real utilities for ICN, but in my opinion this is also big news:

https://medium.com/@columbuscapital/columbus-financial-advisory-gains-regulatory-approval-407ab4772d9

I don't know for sure but I think this finally means that they can list their first fund on an actual stock exchange. And when this happens this will mean big monthly fees for buybacks.

I do however think that Columbus should be doing a better job with managing Pinta investments. From looking at the DAA section of Pinta it is visible that no investments have been made since September which is absolutely not acceptable...
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March 16, 2018, 03:17:32 PM
 #8534

Is it possible to use the Iconomi coins to invest in DAA rather than ethereum or bitcoins
Not yet. ICN has too little liquidity compared to the DAAs so it would move the market big time trying to get in and out of ICN, thus the use of BTC and ETH that have a higher monetary base.

Yes its true , but why not use ICN/FIAT at time of get in and out , i mean like USD price of the time converting ICN , would be really nice that we have that option . Maybe devs planing that for future Smiley
But Currently there is ICN fee for creating DAA , thats nice one

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March 16, 2018, 05:06:34 PM
 #8535

Announcing another 2018 #ICONOMI roadmap milestone: fees payable in #ICN. Read the full details in our blog post:
https://medium.com/iconominet/introducing-fees-payable-in-icn-4c466e17a6cb

I do believe this is a good step in the right direction. It's a start anyway. I'm sure the fees by DAA usage will start to grow to a lot bigger amounts over the coming year(s). It's a shame it will still take a few months before the new system is fully in place, but hopefully some more utilities will have been announced by this time too. One can hope!

News that affects the DAA managers should be given with a heads up just like this. So everybody has time to go out or in or better plan his investment. it's just like with laws in a democratic country. You give the law but don't implement it until next year so people have time to react.

I would have liked also to have utility since last year but now that is here, what's a couple of months more? we're in for the long run anyway if we wanna make real $
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March 16, 2018, 08:22:35 PM
 #8536

Can there be anything to learn about the new trades? After the group removed the actual dividends these people promised to new swaps
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March 17, 2018, 03:52:10 AM
 #8537

Is it possible to use the Iconomi coins to invest in DAA rather than ethereum or bitcoins
Not yet. ICN has too little liquidity compared to the DAAs so it would move the market big time trying to get in and out of ICN, thus the use of BTC and ETH that have a higher monetary base.
The day when we can use ICN for DAAs is the day the ICN token will have the real value and people will be wanting to get it.

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Gutenhans
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March 17, 2018, 08:18:52 AM
Last edit: March 17, 2018, 08:58:07 AM by Gutenhans
 #8538

@ICONOMI
Quote from reddit

[–]Nachbar90
"Fees Payable in ICN Clarification Some users expressed concerns about the fees payable in ICN introduced in our blog post on Wednesday, pointing out that because token prices fluctuate, some DAA managers may have to pay more or less than others at different times. We are aware of this aspect and will be flexible concerning the fee structure, adjusting fees whenever circumstances require us to do so."

Guys the 2000 ICN fee it's actually way to small at the moment. If the fee becomes bigger and ICN sits at 5$ then the advantages of having a fund on the platform increases. More users interested to invest in  DAA's means more money for DAA managers.
 
That 2000 ICN that a manager pays offers him access to many people interested in investing, all the tools on the platform and a huge visibility boost in comparison with him just starting a index fund somewhere else.
If the ICN price grows then it grows because these advantages become even bigger (more users, big 4 audit, more trust on platform, fiat ramp and so on)

Paying the fees in ICN is giving utility to the token. Paying the fees in USD/EUR (a fixed price) and then convert it in ICN gives people no interests in holding ICN . We're not going there again that i can tell you for sure.

If your decision making at the moment of the announcement was based on a EUR/USD price then 2500$ (2000 ICN) it's really nothing.

Plus the announcement came with a long heads up which is great and should be like this. Concerned managers have time to buy ICN almost for nothing considering what 2000 ICN now will offer them in the near future, and i'm talking still about this year
mamoto
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March 17, 2018, 12:53:08 PM
 #8539

Is it possible to use the Iconomi coins to invest in DAA rather than ethereum or bitcoins
Not yet. ICN has too little liquidity compared to the DAAs so it would move the market big time trying to get in and out of ICN, thus the use of BTC and ETH that have a higher monetary base.
The day when we can use ICN for DAAs is the day the ICN token will have the real value and people will be wanting to get it.

I fully agree with you and I also expect this moment.
And there is already more accurate information about when it will be, when it can be expected ...
DeepOcean21
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March 17, 2018, 01:19:42 PM
 #8540

Can someone answer if there is someone who follows well on Iconomy? How does Iconomi make a profit distribution? If I take a İconomi token, from which portfolio will I get a profit distribution? Also I heard something about buy back. Is İconomi doing it only? I mean, isn’t there profit distribution? If you explain something clearly, you will be very helpful.
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