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amintek15
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March 31, 2017, 06:40:03 AM |
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So they change plans for dividends, ok I accept without problem. But now their team is dividing because devs are too focused on platform and they can't focuse on founding right ?? that means ICONOMI is not a founding platform anymore ? I don't understand
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cerejobastos
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March 31, 2017, 07:24:17 AM |
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When will the buyback be done? is there a date?
starting in 2 days. 1st of april Yeah, i also seen the announcement somewhere mentioned that it will be done on the 1st april, not sure if its a joke or ? XD Buy back will start tomorrow, 1st of April yes. It will not be done all at once in a day, it will be done over some days and price might be adjusted I believe, if needed be. |
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trumpc2016
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March 31, 2017, 07:40:08 AM |
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Advisors do NOT leave ICONOMI, only Jan. But it's good they are making 2 projects with 2 different teams which helps both projects to grow together. Imagine they help new ICO project on cofound.it from other country, ICONOMI would know first (insider info) that this ICO is great and the project is great, they would invest in it. Then they would make nice profit from it, which results in ICONOMI growth. Genius right? |
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BitBanksy
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March 31, 2017, 07:48:20 AM |
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Advisors do NOT leave ICONOMI, only Jan. But it's good they are making 2 projects with 2 different teams which helps both projects to grow together. Imagine they help new ICO project on cofound.it from other country, ICONOMI would know first (insider info) that this ICO is great and the project is great, they would invest in it. Then they would make nice profit from it, which results in ICONOMI growth. Genius right? I would rather prefer to see a public launch of the platform before witnessing a split of team... Just my personal opinion |
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amintek15
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March 31, 2017, 07:53:02 AM
Last edit: March 31, 2017, 08:09:01 AM by amintek15 |
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man they didn't even launch and spliting already with 2 teams but the same initial goals ! why the Cofund team can't just get the part from ICONOMI ICO and do their job ?? why do they need another ICO because the goal is the same  I really don't get it please if someone can explain that shit |
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calvinstm
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March 31, 2017, 08:04:44 AM
Last edit: March 31, 2017, 09:17:36 AM by calvinstm |
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Early thought on Iconomi's latest move:
You can think of the new arrangement this way: Iconomi will continue to play the role of a passive hedge fund investor, while cofound.it will take on the traditional functions of a venture capital firm.
To me, this move does make sense because it'll give "Iconomi the Brand" a bit of needed clarity. one of the problems I identified last month is that Iconomi was doing too many things at once: It was acting as an offshore hedge fund, venture capital firm, and a trading platform. (see my post from Feb. 24th).
Iconomi was trying too hard to be a "Jack of all trades." There is a downside to this approach of lumping every business activities under one name -- 1) it's easy to lose focus and get distracted by the side businesses, and not spend as much effort and energy on what's really making money for your core business, 2) the team might not be as effective because overlapping roles will create confusion to the team members' individual responsibilities, 3) your brand might suffer a clarify issue and will not be appealing to your potential customers. For instance, a startup company might not want to get involved with Iconomi because he thinks that Iconomi is just a digital platform and not a serious, traditional venture capital firm. This is the kind of "brand clarity" issue I'm talking about. This is what having a dedicated venture capital arm like cofound.it can solve.
That's why spin-offs is often needed in the business world - a family of companies held under one umbrella or several complementary businesses that depend on each other co-exist in an ecosystem. Having spin-off companies is usually an indication of starting of the expansion phase. So it's almost always a good thing.
What I like about the Cofound deal is this: Since Iconomi will become a co-owner of the new venture (confirmed by Jan on Slack.. not a small percentage), so a portion of cofound.it's profit will always trickle back to Iconomi. Ultimately, Iconomi will benefit from this new arrangement -- the two companies are complementary and symbiotic in nature - Cofound.it will need the capital from Iconomi for the startups in its incubator program, while Iconomi will have access to insider information on those companies in cofound's portolio. Furthermore, Iconomi will also enjoy any net increase in cofound.it's value.
However, by holding another round of ICO for cofound.it, they will essentially double the pool of resources held between the two companies (explain below).
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Let me help you visualize it ---
For instance, assume the total value of Iconomi's assets (Amount raised by the original ICO + profit from investments in other ICOs) stands at $15 millions USD.
Further assume cofound.it's ICO raise $5 Millions USD (not a unrealistic goal considered the high-profile partners), and Iconomi is a *unspecified percentage* owner. (So we need to subtract $200,000 from
Iconomi's portfolio).
While we do the calculation, please keep in mind that nothing is taken away from Iconomi, and nothing has changed for Iconomi's fundamentals, the fundamentals and core business of Iconomi (digital assets management and ICOs investing) remains the same. So any profit made by the Iconomi platform will continue to flow into the ICN market.
1. However, by having a second team at cofound.it's disposal, we will actually have doubled the manpower between Iconomi and Cofound.it.
2. The total cash held by the two ventures suddenly increase from 15 Millions USD to $19.8 Millions USD ($14.8 Millions USD + $5 Millions USD)! Having more cash and resources at our disposal means we will be able to corner the market and defeat competitors like Melon + Taas .
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People, please do NOT lose sight of the bigger picture -- Our ultimate goal is to corner the Startup (venture capital) market and DEFEAT our competitors! Both Iconomi and Cofound.it will serve as cornerstones in our new ecosystem -- Iconomi will play the role of cash provider, while Cofound.it is the talents finder. We need to get more partners involved and build up the ecosystem. In the past,
Iconomi tried to be "Jack of all trades," and Iconomi Brand had become very confusing. Because of this reason, I think it is an ethical and smart move on Jan's part. I agree with their decision.
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amintek15
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March 31, 2017, 08:29:00 AM |
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I'm sorry but I don't see my future here anymore. Too much changes without asking anyone and they want too much money. Good luck to you I got my x7 profit since the start
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Mi
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March 31, 2017, 08:34:56 AM |
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My 2 centz: ... reducing my share, at the moment some things seem to have to be clarified. Iconomi is unfortunately no longer what I imagined six months ago. This is not necessarily bad, but I might be looking for something else. The next weeks will probably offer new entry rates, if I am not mistaken.  |
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ecawyna
Sr. Member
 Offline
Activity: 294
Merit: 250
🌟 æternity🌟 blockchain🌟
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March 31, 2017, 08:39:27 AM |
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First the buy back news boost us to 64 then this splitting team news pull us back to 50..great job iconomi. Great job.
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Motivator
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March 31, 2017, 08:41:36 AM |
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First the buy back news boost us to 64 then this splitting team news pull us back to 50..great job iconomi. Great job.
They should of released the splitting of the team first, down we go again.  |
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anirgu
Legendary
Offline
Activity: 1148
Merit: 1000
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March 31, 2017, 08:51:54 AM |
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Price change from 60k to 53k now,hope the price goes high when the buyback starts on 1st
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taipei
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March 31, 2017, 09:14:40 AM |
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Whales take advantage of any novelty to destabilize prices and appropriate your tokens. Each day that passes, it will be more difficult to try to keep the ICN price low  . The pump is approaching. HOLD.  |
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calvinstm
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March 31, 2017, 09:20:23 AM |
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Lol... My thought exactly..  This is what we call "a storm in a teacup." Two members who are not really "developers" to begin with left for a complementary business (who will continue to serve Iconomi with their research and knowledge), and we have a splitting of Iconomi into two teams? Talking about spinning a non-event into a crisis. Jeez..  Whales take advantage of any novelty to destabilize prices and appropriate your tokens. Each day that passes, it will be more difficult to try to keep the ICN price low . The pump is approaching. HOLD. |
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iamTom123
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March 31, 2017, 10:09:57 AM |
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Ouch! This is my first time to read a thread on ICONOMI here in BitcoinTalk and I am dealt with a little bad news...or is it a bad new really? I have seen some people here pulling out of ICONOMI...now am wondering should I pull out mine too...or is there is something worth looking forward to...something these people have not seen behind the smoke? While I was in the cave, I have this assumption that things are getting better in the ICONOMI. I would gladly read any further comment along this line. I need enlightenment, please. |
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amintek15
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March 31, 2017, 10:12:35 AM |
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Ouch! This is my first time to read a thread on ICONOMI here in BitcoinTalk and I am dealt with a little bad news...or is it a bad new really? I have seen some people here pulling out of ICONOMI...now am wondering should I pull out mine too...or is there is something worth looking forward to...something these people have not seen behind the smoke? While I was in the cave, I have this assumption that things are getting better in the ICONOMI. I would gladly read any further comment along this line. I need enlightenment, please. What I think personnaly: This is the same team, working on the same initial idea and still will working together... so why do they need to do another ICO ? what that will change ? If they can't focus on the idea now they won't focus tomorrow if this is the same team |
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calvinstm
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March 31, 2017, 10:15:22 AM |
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Ouch! This is my first time to read a thread on ICONOMI here in BitcoinTalk and I am dealt with a little bad news...or is it a bad new really? I have seen some people here pulling out of ICONOMI...now am wondering should I pull out mine too...or is there is something worth looking forward to...something these people have not seen behind the smoke? While I was in the cave, I have this assumption that things are getting better in the ICONOMI. I would gladly read any further comment along this line. I need enlightenment, please. What I think personnaly: This is the same team, working on the same initial idea and still will working together... so why do they need to do another ICO ? what that will change ? If they can't focus on the idea now they won't focus tomorrow if this is the same team Jan already answered that on Slack today. It's similar to what I said in my post.. Come and check out Slack if you want. Long conversation with Jan, so don't want to repost. |
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Wapinter
Legendary
Offline
Activity: 2716
Merit: 1026
Hire me for Bounty Management
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March 31, 2017, 10:22:27 AM |
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SO.....THEY FINALLY REALISED THAT HEY, THESE NERDS ON BITCOINTALK ARE FLUSH WITH MONEY.
HOW ABOUT WE DO ANOTHER ICO AND TAKE AS MUCH BTC AS WE CAN FROM THESE IDIOTS
NAH...
FUCKING STINKS.
THE FACT THAT THEY ARE DOING IT IN SUCH A CONNIVING WAY AS WELL...
CANNOT TRUST ICONOMI ANYMORE.
THANK YOU FOR THE PROFITS.
AM OUT.
PS: IF YOU CUNTS ARE LOOKING FOR THE NEXT MAJOR THING: CHECK OUT WBB....THANK ME LATER.
Every new investment by ICONOMI will bring more profit to ICN holders.Business operates in a dynamic environment and you need to constantly make new strategies and plans to adopt to ever changing business environment. |
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BitBanksy
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March 31, 2017, 10:25:27 AM |
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ICONOMI PLEASE CLARIFY |
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