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Author Topic: ICONOMI - Live for today. Invest for tomorrow.  (Read 583503 times)
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muleroaa
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January 27, 2018, 12:32:48 AM
 #8301


Great news, more exchanges is always a good thing.

How about Binance next? Is it possible to start some kind of form of community votes? Surely Iconomi as a well developed project deserves to be on a bigger exchange?

Mate, Iconomi is already traded on Binance. It trades the ICN/BTC pair. Here's the direct link: https://www.binance.com/trade.html?symbol=ICN_BTC

Oh my god, how have I missed that, lol. This makes me find it even stranger that ICN is so low, how come that even with Binance it can't maintain a higher price? It would be great if the utility of the ICN token would be expanded, feels like there just is not enough interest at the moment.

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January 27, 2018, 12:56:46 AM
 #8302


Great news, more exchanges is always a good thing.

How about Binance next? Is it possible to start some kind of form of community votes? Surely Iconomi as a well developed project deserves to be on a bigger exchange?

Mate, Iconomi is already traded on Binance. It trades the ICN/BTC pair. Here's the direct link: https://www.binance.com/trade.html?symbol=ICN_BTC

Oh my god, how have I missed that, lol. This makes me find it even stranger that ICN is so low, how come that even with Binance it can't maintain a higher price? It would be great if the utility of the ICN token would be expanded, feels like there just is not enough interest at the moment.

Just because an exchange lists a token doesn't mean its price will increase. It is a little surprising though how little the trading volume for ICN is compared to some of the other tokens. The team hasn't done any favors generally not treading investors property, and just being super arrogant in general in their communication. If the team cannot build a core group of supporters that can genuinely rally behind the project, it becomes much much harder to attract new people.
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January 27, 2018, 01:02:56 AM
 #8303

“We are not the ones looking for gold, we are the ones selling shovels.” #ICONOMI CEO @wwwMZ discusses the future of blockchain and #ICONOMI’s role in it in an interview with the largest newspaper in Slovenia:



https://medium.com/iconominet/ceo-insights-tim-m-zagar-8fd236c16cd4


https://twitter.com/iconominet/status/956926019860156417
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January 27, 2018, 02:20:34 AM
 #8304


It is a little surprising though how little the trading volume for ICN is compared to some of the other tokens. The team hasn't done any favors generally not treading investors property, and just being super arrogant in general in their communication. If the team cannot build a core group of supporters that can genuinely rally behind the project, it becomes much much harder to attract new people.



 


I think you meant to say "It isn't surprising"

The investors in crypto are the biggest cheerleaders for their projects. You burn the investors you lost out on your best free advertising.

Coinmarket cap rank #97 not much longer and we will be on Page 2

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Hypolite
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January 27, 2018, 12:34:35 PM
 #8305

Iconomi is an excellent ambitious project. The ICONOMI team provides outstanding work, it is a pioneering and innovative project.

Like everywhere, a roped first is the one who has the most difficulty to advance.
But he is also the best performer.

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January 27, 2018, 12:57:50 PM
 #8306

Have they said when they'll be releasing the Q4 reports? I assume it will be over the course of next week?
I was hoping to get it on Friday...

Anxious to see the progress...
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January 27, 2018, 02:53:40 PM
 #8307

When will be India country available for Tier 2 verification.
this limits killing me
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January 29, 2018, 01:48:33 AM
 #8308




  Develop Custom Decentralized Blockchain Applications in JavaScript with LISK!
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January 29, 2018, 11:54:37 AM
 #8309

What I wonder is why the performance of the ICN token is so bad, given the active managment of the fund and their good vetting for promising ICOs. The performance is much lower than just the Top20 Crypto index fund.
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January 29, 2018, 03:18:50 PM
 #8310

Would be really nice to see ICONOMI on More exchanges and ofcourse use case of ICONOMI token itself Smiley I just see Iconomi in Green when all market go up , but when market is red , iconomi token goes down aswell Smiley But well thats crypto and thats how it behave  Grin Where does Most Activity happens in telegram ?
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January 29, 2018, 10:28:45 PM
 #8311

What I wonder is why the performance of the ICN token is so bad, given the active managment of the fund and their good vetting for promising ICOs. The performance is much lower than just the Top20 Crypto index fund.

My guess would be that it’s because the token has zero utility. The only thing it does is gives you a cut of 3% of the profits of all the DAA’s. Seeing how their Q3 report was abysmal at best it’s no wonder they aren’t releasing Q4.

Think about it, if they post profits of $100M (which seems unlikely anytime soon seeing as how Q3 was $50k), 3% of that would be $3M. Divide that by 99M tokens and you get a massive value of $.03 per token.

There really is no reason for this company to have a token other than trying to get around actually being considered an etf. Invest in the DAA’s just stay away from the token, it’s a waste of your money.
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January 30, 2018, 06:07:47 AM
 #8312

What I wonder is why the performance of the ICN token is so bad, given the active managment of the fund and their good vetting for promising ICOs. The performance is much lower than just the Top20 Crypto index fund.

My guess would be that it’s because the token has zero utility. The only thing it does is gives you a cut of 3% of the profits of all the DAA’s. Seeing how their Q3 report was abysmal at best it’s no wonder they aren’t releasing Q4.

Think about it, if they post profits of $100M (which seems unlikely anytime soon seeing as how Q3 was $50k), 3% of that would be $3M. Divide that by 99M tokens and you get a massive value of $.03 per token.

There really is no reason for this company to have a token other than trying to get around actually being considered an etf. Invest in the DAA’s just stay away from the token, it’s a waste of your money.


False !!! The Q4 financial report is to be released today.

Like the other financial reports, they were all published on the last day of the month.

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January 30, 2018, 06:35:09 AM
 #8313

Hello ICONOMI ... what happen to your telegram channel... its so messy...
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January 30, 2018, 08:42:19 AM
 #8314

Hello ICONOMI ... what happen to your telegram channel... its so messy...

ICONOMI has not an official télégram....

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January 30, 2018, 10:20:25 AM
 #8315

They have already stated that the ICN token is backed by all the assets of Iconomi, meaning all the btc, eth, lisk and anything else that was collected in the ICO as well as their ICO investments. So your calculation is off by miles because their book value is over $400M which means that their price-to-book ratio is around 0.64 according to IcnHoder.com. That kind of price to book value is rare in the real world and unheard off in the crypto world Smiley True, people are wary because the ICN token doesn't have any utility apart beeing burnt but that will change soon.

Also as the poster before me stated, the Q4 report always comes out the last day of the month.



What I wonder is why the performance of the ICN token is so bad, given the active managment of the fund and their good vetting for promising ICOs. The performance is much lower than just the Top20 Crypto index fund.

My guess would be that it’s because the token has zero utility. The only thing it does is gives you a cut of 3% of the profits of all the DAA’s. Seeing how their Q3 report was abysmal at best it’s no wonder they aren’t releasing Q4.

Think about it, if they post profits of $100M (which seems unlikely anytime soon seeing as how Q3 was $50k), 3% of that would be $3M. Divide that by 99M tokens and you get a massive value of $.03 per token.

There really is no reason for this company to have a token other than trying to get around actually being considered an etf. Invest in the DAA’s just stay away from the token, it’s a waste of your money.
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January 30, 2018, 05:24:49 PM
 #8316

I wouldn't say the token is backed by anything.  You have no contract with them as if it were a stock. Maybe the valuation on the token takes into consideration the amount of assets under their control but that's it.  If they shut their doors you get nothing and they are legally obligated to give you nothing. 

You are correct my valuation was off by miles.  Thank you for making me revisit the Iconomi website.  It had been a while since I looked at the reports and I just read the January AMA. It's worse than I described originally. The didnt make $50k profit they actually lost almost $700k.

The value of the token is derived from:
 1. 3% BLX management fee
 2. 30% of fees collected from other DAAs
3. 20% of realized CCP.  "Realized" is the key word here

So my original post that says 3% of all profits was way off.  I dont have time to get into specific numbers but feel free to run them yourselves.

To recap: DAA's = good
ICN token = shit


They have already stated that the ICN token is backed by all the assets of Iconomi, meaning all the btc, eth, lisk and anything else that was collected in the ICO as well as their ICO investments. So your calculation is off by miles because their book value is over $400M which means that their price-to-book ratio is around 0.64 according to IcnHoder.com. That kind of price to book value is rare in the real world and unheard off in the crypto world Smiley True, people are wary because the ICN token doesn't have any utility apart beeing burnt but that will change soon.

Also as the poster before me stated, the Q4 report always comes out the last day of the month.



What I wonder is why the performance of the ICN token is so bad, given the active managment of the fund and their good vetting for promising ICOs. The performance is much lower than just the Top20 Crypto index fund.

My guess would be that it’s because the token has zero utility. The only thing it does is gives you a cut of 3% of the profits of all the DAA’s. Seeing how their Q3 report was abysmal at best it’s no wonder they aren’t releasing Q4.

Think about it, if they post profits of $100M (which seems unlikely anytime soon seeing as how Q3 was $50k), 3% of that would be $3M. Divide that by 99M tokens and you get a massive value of $.03 per token.

There really is no reason for this company to have a token other than trying to get around actually being considered an etf. Invest in the DAA’s just stay away from the token, it’s a waste of your money.
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January 30, 2018, 06:30:20 PM
 #8317

Sure, that is what you would say, but your opinion doesn't really count does it? Smiley They stated in an AMA that if Iconomi should ever close its doors that they would liquidate all assets and pay ICN token holders with them. And I truest them on their word or else I wouldn't be an investor here.

But yeah, their DAAs are great as well and will give a ton of fuel for the ICN token in the future.

I wouldn't say the token is backed by anything. ....

They have already stated that the ICN token is backed by all the assets of Iconomi, meaning all the btc, eth, lisk and anything else that was collected in the ICO as well as their ICO investments. So your calculation is off by miles because their book value is over $400M which means that their price-to-book ratio is around 0.64 according to IcnHoder.com. That kind of price to book value is rare in the real world and unheard off in the crypto world Smiley True, people are wary because the ICN token doesn't have any utility apart beeing burnt but that will change soon.

Also as the poster before me stated, the Q4 report always comes out the last day of the month.



What I wonder is why the performance of the ICN token is so bad, given the active managment of the fund and their good vetting for promising ICOs. The performance is much lower than just the Top20 Crypto index fund.

My guess would be that it’s because the token has zero utility. The only thing it does is gives you a cut of 3% of the profits of all the DAA’s. Seeing how their Q3 report was abysmal at best it’s no wonder they aren’t releasing Q4.

Think about it, if they post profits of $100M (which seems unlikely anytime soon seeing as how Q3 was $50k), 3% of that would be $3M. Divide that by 99M tokens and you get a massive value of $.03 per token.

There really is no reason for this company to have a token other than trying to get around actually being considered an etf. Invest in the DAA’s just stay away from the token, it’s a waste of your money.
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January 31, 2018, 02:13:34 PM
 #8318

Two new DAAs have been presented:

https://www.iconomi.net/dashboard/#/daa/EAA

https://www.iconomi.net/dashboard/#/daa/SCX
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January 31, 2018, 05:01:24 PM
 #8319

great news for hodlers in the Q4 report. Big growth of revenues and users. Good job iconomi team.
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January 31, 2018, 06:09:38 PM
 #8320

great news for hodlers in the Q4 report. Big growth of revenues and users. Good job iconomi team.

Yes, the numbers looks very good.

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