ICONOMI - Live for today. Invest for tomorrow.

[someonesomeone]

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...

[therhslv]

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
But Currently there is ICN fee for creating DAA , thats nice one

[Gutenhans]

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 $

[bgibso01]

Can there be anything to learn about the new trades? After the group removed the actual dividends these people promised to new swaps

[niksdt101]

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.

[Gutenhans]

@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]

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]

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.

[Ferdo]

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.

There is no profit distribution to ICN holders. Percentage of profit is used for buy backs and the ICN tokens are burnt. This reduces ICN supply with the intention to increase value of ICN tokens

[RichardReMark]

Was looking at DAA.. and a bit confused which one to invest
any recommendation from here

They all go down in sync, i recommend go to the monney waisting events Iconomi is hosting and if there is some food stuff yourself with food becouse a crypto hibernation is incoming.

[Gutenhans]

No Hibernation coming that i know for sure.
Most whales are accumulating large crypto amounts at a discount. New legal framework is discussed at G20 this week.
As long as most of the crypto is in whales hands the result will be in favor of crypto. Right now that's the case because most people sold at a loss. I'm more than sure that G20 will bring good news.
If whales we're not into crypto and just us normal people then i would be sure a ban would come or very harsh regulation.

what's coming is wide world adoption. When the laws are clear about crypto, and almost every country is on the way of clearing the fog, then more money will come into crypto than you ever seen before.
This will happen this year and probably before summer.

1929 it's a lifetime away i know but it's the same salami tactics.

Lot's of firms sold their stocks on normal people to get their business started.
With money they gathered they made huge investments and become HUGE corporations.
Whales crashed the stockmarket and bought parts of these corporations at price way lower than what they are really worth.
They let the market recover and made zillions of $ (actually they pumped the market a little in a gesture to help the market recover)

it's really hard to predict numbers but i know the market growth will exceed my highest expectations in the near future.

[RichardReMark]

No Hibernation coming that i know for sure.
Most whales are accumulating large crypto amounts at a discount. New legal framework is discussed at G20 this week.
As long as most of the crypto is in whales hands the result will be in favor of crypto. Right now that's the case because most people sold at a loss. I'm more than sure that G20 will bring good news.
If whales we're not into crypto and just us normal people then i would be sure a ban would come or very harsh regulation.

what's coming is wide world adoption. When the laws are clear about crypto, and almost every country is on the way of clearing the fog, then more money will come into crypto than you ever seen before.
This will happen this year and probably before summer.

1929 it's a lifetime away i know but it's the same salami tactics.

Lot's of firms sold their stocks on normal people to get their business started.
With money they gathered they made huge investments and become HUGE corporations.
Whales crashed the stockmarket and bought parts of these corporations at price way lower than what they are really worth.
They let the market recover and made zillions of $ (actually they pumped the market a little in a gesture to help the market recover)

it's really hard to predict numbers but i know the market growth will exceed my highest expectations in the near future.

You are counting you assesments on a Japanese (suicide society) mt gox guy that just stopt selling the truste bitcoins zo bitcoin goes down in order for the big money hedge funds guys to go back in, good luck to you man but that is to mutch centralisation for me to handle right now.

[cold_nebula]

Iconomi March 2018 Reddit AMA thread is now open for questions until Tuesday, March 20, 5PM CET.
https://www.reddit.com/r/ICONOMI/comments/85j9vg/iconomi_march_2018_reddit_ama/

[Brilliantrocket]

How it changes the money after all ICNs have been burned up? Maybe they are going to pay dividends towards the token holders

[ruletheworld]

How it changes the money after all ICNs have been burned up? Maybe they are going to pay dividends towards the token holders

Lol all ICNs will never be burned up. The rate of burn is extremely low at the moment and hardly affects anything. Most of the revenue goes to the Iconomi team instead of the ICN holders.

[2012]

How it changes the money after all ICNs have been burned up? Maybe they are going to pay dividends towards the token holders

Lol all ICNs will never be burned up. The rate of burn is extremely low at the moment and hardly affects anything. Most of the revenue goes to the Iconomi team instead of the ICN holders.

Agreed with you little portion of the revenue used for buy back promo and nobody got dividends since ICO. Now they have changed the plan I hope this will bring some fun to this project let's see when it will get succeed to find the way to catch the momentum.

[Gutenhans]

How it changes the money after all ICNs have been burned up? Maybe they are going to pay dividends towards the token holders

Lol all ICNs will never be burned up. The rate of burn is extremely low at the moment and hardly affects anything. Most of the revenue goes to the Iconomi team instead of the ICN holders.

Q4 2017 Report total fees for burning ICN 1,015,999$. considering the burning takes place the next quarter (start 2018) that's a really nice burn rate for a project that's now starting to expand and offer more services.
yes at the current rate and price we would need something like 33 years to burn all iconomi. 100 burn events, one each quarter equals 400 months divided by 4 months (quarter) you get 33 years

But... like i said earlier the burn rate gone 20x from the start of 2017 until the end of 2017.
If we predict the same for this year and then at the end of the year we may be burning 20.000.000$ worth of ICN. But again that would be wrong because they will deliver so much this year. More fees and more development will increase the burn rate even further, of course the price of icn will grow also which will alter the burn rate.

I suppose ICN will go at some point from under-evaluated to over-evaluated pretty quick and hopefully price will stay just a little over the market cap because the price going high will hurt the burn rate.

[someonesomeone]

How it changes the money after all ICNs have been burned up? Maybe they are going to pay dividends towards the token holders

Most of the revenue goes to the Iconomi team instead of the ICN holders.

That is just BS. All of the revenue goes towards ICN burning at the moment.

It was slow, but in Q1 there should be at least 500k ICN tokens burned so I wouldn't say it is slow anymore. Q2 will have a lower amount for sure because the market is down and they probably won't be selling any of their assets but all in all the burning amount is in an uptrend and will increase even more with more DAAs, fiat gateway... However I don't expect that all of the ICN would ever be burned because the price of the ICN token will start rising with new news and more burns.

[misterbigg]

We are not likely to buy ICN now. However if the prices deceases, it will be great for prices at a later date, as much more buybacks will require place.

[someonesomeone]

In my opinion now is the best time to buy ICN and the lowest point of entry. If/when btc goes on another bull run the prices will increase by a lot. Not to mention that when ICN finally releases the fiat gateway, Vienna listing and maybe more the ICN price will rise with or without a btc bull run

We are not likely to buy ICN now. However if the prices deceases, it will be great for prices at a later date, as much more buybacks will require place.