ICONOMI - Live for today. Invest for tomorrow.

[Wapinter]

Another day passes, still no word about anything, price still flat.
Fucking Christ, 30 fucking millions.
What a bunch of scumbags.
I mean this must be a scam, they can't be this fucking useless right?

Why you waste 90% of your post here in a scam thread?.
If ICONOMI is a scam, you should never bump their thread time and again.

[Hunterwolfie]

Conspiracy Theory:

The concerned trolls on here are actually on ICONOMI's payroll to drive price down so Tim & Jani don't spend a lot on the buybacks....

[xtyling]

Delisting started on polo... to make space for the great and only one true king of funds!

ICONOMI!

https://mobile.twitter.com/Poloniex/status/854486851238932481

[Enjorlas]

The ICNX just rose to $.383. These returns are insane for a fund aiming to be about stable growth.

[Daparski]

Daparski, have you ever been on another coin thread???  I mean it - it appears you know nothing about how other coins work or communicate...  Above you attempt to answer a question about ICN by cut & pasting information about ICNX & ICNP...

I first heard about BTC when it was ~ 10$, and I am following the crypto space for few years.
I invested in some, but was never active here on or any other forums.
With ICN I decided to be more actively engaged.

I know a thing or two about btc, alts, people, and how things work in the real world.
Whether it is ICN or any other "coin" is irrelevant - all of them involve people, skills, idea/potential market, execution, timing, and funding.
I listed the key factors based on their importance - and they are the same for every project out there.

[electronicash]

Delisting started on polo... to make space for the great and only one true king of funds!

ICONOMI!

https://mobile.twitter.com/Poloniex/status/854486851238932481

SDC and VOX are among them? lol
i guess all those SDC supporters are moving their money to XSPEC already. XSPEC had been rising up to 90% since two days ago.

if ICN are going to be there then we're all going to be there too. Stopped trading at kraken already my ICN lies.

[xcajun21]

Thanks for letting know. I still try to understand the concept. Trying to find investment opportunity.

Is here any kind of masternode?

ICN is an ETH token.

start here https://iconomi.net/ and here https://medium.com/iconominet

Some general info:

What Is ICONOMI?
ICONOMI is the missing link between the traditional and the rapidly growing blockchain economy. New and unique technical instruments allow anyone from beginners to blockchain experts to engage in the blockchain sphere

What is ICNX? (currently in beta)
Iconomi.index (ICNX) is Iconomi flagship Digital Asset Array.

ICNX makes it easy to buy into the growing blockchain industry without the hustle to pick the winners yourself or to maintain your own portfolio. You benefit from having a diverse investment and spread risk. The underlying assets currently included in the index represent 92% of the blockchain economy.
ICNX has 3% yearly fee and 0.1% entry/exit fee

What is ICNP?
ICONOMI.Performance (ICNP) is an actively managed Digital Asset Array with a high performance target that invests in ICOs. It is lead by a team of experts conducting thorough research and due diligence backed by Deloitte and CoFound.it. ICNP currently has investments in Golem, ByteBall and Santiment.
20% of ICNP realized profits will be distributed in a form of buy back/burn. More details here - https://medium.com/iconominet/iconomi-introduces-repayment-programme-54bfa449d458


What is DAMP? (coming later this year)
ICONOMI Digital Assets Management Platform (DAMP) allows you to create and manage your own digital arrays. Try out your own management strategy and compete with other DAA managers or invest in other's. Good performance will build your reputation and attract investment from others - you will earn a share of the proceeds.

What are the 2 ICONOMI managed Digital Asset Arrays (DAA)?
There are two ICONOMI managed Digital Asset Arrays™ (DAA): ICONOMI Index (ICNX) and ICONOMI Performance (ICNP). We are currently building, testing, and refining our Digital Assets Management Platform (DAMP) which will allow anyone to create and manage their own funds.

Iconomi ICO Details
During an Initial Coin Offering (ICO) that started August 25, 2016 at 08.00 UTC and ended September 29, 2016 20.00 UTC, the Slovenian-based company raised $10,576,227 from nearly 3,400 investors worldwide in the 11th largest crowdsale in history for any category, and third place as the largest FinTech crowdsale behind The DAO and Ethereum. Investors received their ICN tokens on October 9, 2016.


The ICO was for 100 million ICN tokens. There is no inflation planned for these tokens. 85 million (85%) of these were distributed to the ICO participants based on their contribution, along with a bonus for early investors. The bonus structure was –
•   15% in the first week
•   10% in the second week
•   5% in the third week

There was no bonus after the end of the third week. Of the remaining 15 million, 2 million (2%) was reserved for advisers, 8 million (8%) for the team, 3 million (3%) for future team, and 2 million (2%) for bounties. Bounties consisted of Social media bounties (Newsletter, Twitter and Facebook), Bitcointalk bounties (Signature and Translation), and Marketing bounties (External blog posts).

Because the ICO raised over 10,000 BTC, the excess funds were used on behalf of the ICO participants to seed the ICONOMI.PERFORMANCE digital array. Therefore, ICNP started with an initial asset under management (AUM) of 4,517,835 USD worth, consists of the following:
•   2,987.076 BTC
•   86,220.320 ETH
•   1,729,538.793 LSK
•   53,433.21 USD
•   1,080,517.79 EUR

Today’s ICNP net worth is 11.2M usd

Thanks

ICNP value is something, but the buy back wasn't even 1% of that value. I guess because of smaller percentage reserved for buyback. 

[Daparski]

Thanks

ICNP value is something, but the buy back wasn't even 1% of that value. I guess because of smaller percentage reserved for buyback. 

Buybacks from ICNP are from realized profits only, meaning ICNP has to first invest in an ICO and sell some or all the tokens from that ICO.
Until now less than 1% of ICNP funds were used and only 30% of the investments were realized

[B!gSmoke]

The ICNX just rose to $.383. These returns are insane for a fund aiming to be about stable growth.

That's why we like crypto

[Daparski]

The ICNX just rose to $.383. These returns are insane for a fund aiming to be about stable growth.

That's why we like crypto

Is there wallets  for iconomi  please...can you post links if so...Regards

You can use mist, mew or HW wallet like nano or trezor

[The Crypto Baron]

Thanks

ICNP value is something, but the buy back wasn't even 1% of that value. I guess because of smaller percentage reserved for buyback.  

Buybacks from ICNP are from realized profits only, meaning ICNP has to first invest in an ICO and sell some or all the tokens from that ICO.
Until now less than 1% of ICNP funds were used and only 30% of the investments were realized

^ ICN is gloriously undervalued  

[electronicash]

can't blame them from asking too much. ICN rise up so quickly on top and so they kept expecting more surprises from the team. its not so much disappointing if you think of the ico price. give it time, you can't hurry things to compete MNL.

[fennyllywof-7700]

What happens if thousands of people want to sell their ICNX and take their profits.

Where will that liquidity come from?

Can someone explain to me how it works please.

Thankyou

[The Crypto Baron]

What happens if thousands of people want to sell their ICNX and take their profits.

Where will that liquidity come from?

Can someone explain to me how it works please.

Thankyou

It will come from the ICNX fund

[Daparski]

What happens if thousands of people want to sell their ICNX and take their profits.

Where will that liquidity come from?

Can someone explain to me how it works please.

Thankyou

When you buy/sell ICNX the platform buys/sells the underlying tokens from exchanges. Everything else is a back-end logic, statistics, and monitoring. This is one of the reasons the beta stage is more than few weeks long

For now there is a 1.5 BTC daily limit.

[fennyllywof-7700]

What happens if thousands of people want to sell their ICNX and take their profits.

Where will that liquidity come from?

Can someone explain to me how it works please.

Thankyou

When you buy/sell ICNX the platform buys/sells the underlying tokens from exchanges. Everything else is a back-end logic, statistics, and monitoring. This is one of the reasons the beta stage is more than few weeks long

For now there is a 1.5 BTC daily limit.

so it means that the platform must have a load of money to be able to cope with what would be arguably very high demand.

Will 30-40 Million USD or whatever they have now even cut it?

[cabron]

What happens if thousands of people want to sell their ICNX and take their profits.

Where will that liquidity come from?

Can someone explain to me how it works please.

Thankyou

When you buy/sell ICNX the platform buys/sells the underlying tokens from exchanges. Everything else is a back-end logic, statistics, and monitoring. This is one of the reasons the beta stage is more than few weeks long

For now there is a 1.5 BTC daily limit.

If someone just sell worth 1.5 btc every day, would he be flagged result to freeze his account? 1.5 btc limit isn't a s liquid as it is. Unlike having it as ICN where you can pick a buy order as one single transaction to get out.

[Daparski]

What happens if thousands of people want to sell their ICNX and take their profits.

Where will that liquidity come from?

Can someone explain to me how it works please.

Thankyou

When you buy/sell ICNX the platform buys/sells the underlying tokens from exchanges. Everything else is a back-end logic, statistics, and monitoring. This is one of the reasons the beta stage is more than few weeks long

For now there is a 1.5 BTC daily limit.

so it means that the platform must have a load of money to be able to cope with what would be arguably very high demand.

Will 30-40 Million USD or whatever they have now even cut it?

Not exactly. If you want to buy ICNX, you first need to deposit BTC or ETH. ICNX is like one of the services that the platform offers, not something you buy with the platform's money

[fennyllywof-7700]

What happens if thousands of people want to sell their ICNX and take their profits.

Where will that liquidity come from?

Can someone explain to me how it works please.

Thankyou

When you buy/sell ICNX the platform buys/sells the underlying tokens from exchanges. Everything else is a back-end logic, statistics, and monitoring. This is one of the reasons the beta stage is more than few weeks long

For now there is a 1.5 BTC daily limit.

so it means that the platform must have a load of money to be able to cope with what would be arguably very high demand.

Will 30-40 Million USD or whatever they have now even cut it?

Not exactly. If you want to buy ICNX, you first need to deposit BTC or ETH. ICNX is like one of the services that the platform offers, not something you buy with the platform's money

nope.

am talking about the situation where you could potentially have thousands upon thousands of people wanting to cash out their ICNX profits.

Say you buy ICNX @ 0.2 USD and then it reaches $0.5 and you have hordes of BTC hungry customers who want to sell their ICNX to take their $0.3 profits.

Will the platform have enough liquidity to support this hypothetical situation?

Am asking because it seems that ICNX been making mad gains and as such one can expect it to be extremely popular.

[Daparski]

What happens if thousands of people want to sell their ICNX and take their profits.

Where will that liquidity come from?

Can someone explain to me how it works please.

Thankyou

When you buy/sell ICNX the platform buys/sells the underlying tokens from exchanges. Everything else is a back-end logic, statistics, and monitoring. This is one of the reasons the beta stage is more than few weeks long

For now there is a 1.5 BTC daily limit.

so it means that the platform must have a load of money to be able to cope with what would be arguably very high demand.

Will 30-40 Million USD or whatever they have now even cut it?

Not exactly. If you want to buy ICNX, you first need to deposit BTC or ETH. ICNX is like one of the services that the platform offers, not something you buy with the platform's money

nope.

am talking about the situation where you could potentially have thousands upon thousands of people wanting to cash out their ICNX profits.

Say you buy ICNX @ 0.2 USD and then it reaches $0.5 and you have hordes of BTC hungry customers who want to sell their ICNX to take their $0.3 profits.

Will the platform have enough liquidity to support this hypothetical situation?

Am asking because it seems that ICNX been making mad gains and as such one can expect it to be extremely popular.

Will the platform have enough liquidity to support this hypothetical situation?

Will the exchanges provide enough liquidity is the correct question. What happens if thousand of people decide to sell their ETH in the same day?
I believe the limits are not yet finalized. You need to have more statistics in order to build a better algorithm.
Also, if you have a daily limit of 1.5 BTC, not everybody will enter at the same price. So assuming you have a target investment in ICNX of 20 BTC, you will close your buy order over a bit more than a week. Same goes when you want to sell.