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Author Topic: ICONOMI - Live for today. Invest for tomorrow.  (Read 564933 times)
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Gutenhans
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March 23, 2018, 02:25:47 PM
 #8501

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.

Sorry mate that's not how crypto works. During the boom years, the team needs to make a significantly higher amount of profit, because during the bust years, the revenue will be significantly lower. What this means is that times like Q4 2017 are the golden times in terms of revenue generation and opportunities, while times like Q1 2018 not so much. Of course, let's wait for the results this quarter, so I don't want to get ahead of myself here.

Also, you need to understand threats to the business model. For example, decentralized exchanges are much better, since there won't be issues like the parity bug or hacks that we've seen in the past with large honeypots of money. The rise of decentralized exchanges means the fall of centralized custody solutions like Iconomi. This may be a longer term trend, but everything is accelerated in crypto.

In short, the company needs to do more during the boom times, because there will invariably be bust times in crypto.

Thing is ICO's still appear even in bear market and DAA's will still be created even in the bear market and that means ICN fees. People will be buying and selling even with a bear market that's fees again. And will continue to do even more when the security of regulations is in place. If they achieve the 1 billion AUM goal with crypto that's a lot of fees indifferent from market movement. People move or buy/sell/short/leverage it a lot more that any asset because of it's digital nature. Everytime when crypto will move inside the ICN platform that will generate a small fee. I hope they start advertising more in the digital media because of the nature of their product who has at it's core digitalisation and comes from this medium. Old advertising channels are also not a bad ideea. Creating the bridge between old and new.

Q4 2017 Expenses: Traveling, marketing, PR: $155,000
At this stage i would not be bother if they spend that much on marketing only in one month instead of 4 for at least a year. because i thing the costs of marketing will be more than payed off when you have already a nice service and your competitors are still steps behind. And no it's not to early... The upcoming features like Fiat ramp, Debit card and the Audit will make costumers of the platform more loyal with it because of the pleasant experience.
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March 23, 2018, 02:29:25 PM
 #8502

I think that for many it will be useful, a lot of questions have disappeared after reading:

- https://medium.com/iconominet/iconomi-q-a-session-march-edition-9f92303d39c2
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March 23, 2018, 04:06:47 PM
 #8503

ICONOMI Weekly Update (March 23th)

https://medium.com/iconominet/iconomi-weekly-update-e4d7dfe52d6e

-> Create your own crypto fund at Iconomi platform: https://bit.ly/2Y1k1wU
-> CryptoRemarks.com; SednaFund.com; CryVEx.com; FinSize.com domains are for sale at dan.com
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March 23, 2018, 04:16:56 PM
Merited by estenity (1)
 #8504

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.

Sorry mate that's not how crypto works. During the boom years, the team needs to make a significantly higher amount of profit, because during the bust years, the revenue will be significantly lower. What this means is that times like Q4 2017 are the golden times in terms of revenue generation and opportunities, while times like Q1 2018 not so much. Of course, let's wait for the results this quarter, so I don't want to get ahead of myself here.

Also, you need to understand threats to the business model. For example, decentralized exchanges are much better, since there won't be issues like the parity bug or hacks that we've seen in the past with large honeypots of money. The rise of decentralized exchanges means the fall of centralized custody solutions like Iconomi. This may be a longer term trend, but everything is accelerated in crypto.

In short, the company needs to do more during the boom times, because there will invariably be bust times in crypto.

Thing is ICO's still appear even in bear market and DAA's will still be created even in the bear market and that means ICN fees. People will be buying and selling even with a bear market that's fees again. And will continue to do even more when the security of regulations is in place. If they achieve the 1 billion AUM goal with crypto that's a lot of fees indifferent from market movement. People move or buy/sell/short/leverage it a lot more that any asset because of it's digital nature. Everytime when crypto will move inside the ICN platform that will generate a small fee. I hope they start advertising more in the digital media because of the nature of their product who has at it's core digitalisation and comes from this medium. Old advertising channels are also not a bad ideea. Creating the bridge between old and new.

Q4 2017 Expenses: Traveling, marketing, PR: $155,000
At this stage i would not be bother if they spend that much on marketing only in one month instead of 4 for at least a year. because i thing the costs of marketing will be more than payed off when you have already a nice service and your competitors are still steps behind. And no it's not to early... The upcoming features like Fiat ramp, Debit card and the Audit will make costumers of the platform more loyal with it because of the pleasant experience.

If there is a bear market, the AUM gets lowered, which means lower management fees.

If there's a bear market, the returns are low to negative, which means no performance fees.

I can't believe I need to spell everything out here. The point is not to criticize the company or whatever. Investors need to know and accept facts and reality instead of living in a bubble. That's all I ask. There are many good things and many bad things done by the team. The responsibility of investors is to look at both.
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March 24, 2018, 05:45:17 AM
 #8505



I can't believe I need to spell everything out here. The point is not to criticize the company or whatever. Investors need to know and accept facts and reality instead of living in a bubble. That's all I ask. There are many good things and many bad things done by the team. The responsibility of investors is to look at both.

fully agreed.
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March 24, 2018, 11:26:41 AM
 #8506

i think the coin is dead
by that way it will be delisted from many markets
team is dead

This is not a dead project no doubt it taking too long time to fulfill their promises. The team is still active and working hard have patience this will start kicking again very soon. You can read the latest update

https://medium.com/iconominet/iconomi-weekly-update-e4d7dfe52d6e
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March 24, 2018, 01:45:07 PM
 #8507

hey Iconomi site itself is now allowing you to store ICN and every month they are supporting more countries . i guess its better and not to mention MEW.

I'm aware of Myetherwallet and as for the site, I wouldn't suggest it as you have no control over your private keys. If the site gets hacked, funds will get lost.


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March 25, 2018, 05:47:24 AM
 #8508

Check out Iconomi chart at BitScreener
https://bitscreener.com/coins/iconomi

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March 25, 2018, 07:42:24 PM
 #8509

hey Iconomi site itself is now allowing you to store ICN and every month they are supporting more countries . i guess its better and not to mention MEW.

I'm aware of Myetherwallet and as for the site, I wouldn't suggest it as you have no control over your private keys. If the site gets hacked, funds will get lost.

I'm more worried nowadays about MEW than Iconomi site itself . the chance of losing the private key is higher with MEW now.
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March 26, 2018, 01:54:37 PM
 #8510

hey Iconomi site itself is now allowing you to store ICN and every month they are supporting more countries . i guess its better and not to mention MEW.

I'm aware of Myetherwallet and as for the site, I wouldn't suggest it as you have no control over your private keys. If the site gets hacked, funds will get lost.

I'm more worried nowadays about MEW than Iconomi site itself . the chance of losing the private key is higher with MEW now.

Secure your account with MEW + ledger/trezor, I feel this is the best way to save your money and to be free from getting phished.Recently received a fake Binance email to import your private keys...watch out!!!


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March 26, 2018, 02:16:06 PM
 #8511

hey Iconomi site itself is now allowing you to store ICN and every month they are supporting more countries . i guess its better and not to mention MEW.

I'm aware of Myetherwallet and as for the site, I wouldn't suggest it as you have no control over your private keys. If the site gets hacked, funds will get lost.

I'm more worried nowadays about MEW than Iconomi site itself . the chance of losing the private key is higher with MEW now.

Secure your account with MEW + ledger/trezor, I feel this is the best way to save your money and to be free from getting phished.Recently received a fake Binance email to import your private keys...watch out!!!

Hardware wallet is good choice to keep safe our private keys I also would like to recommend MEW + Trezor which is more secure option to get access to our token and keep them in most secure environment. Hackers are on the fire now a days so many people already lost their due to some phishing sites.
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March 26, 2018, 05:57:26 PM
 #8512

hey Iconomi site itself is now allowing you to store ICN and every month they are supporting more countries . i guess its better and not to mention MEW.

I'm aware of Myetherwallet and as for the site, I wouldn't suggest it as you have no control over your private keys. If the site gets hacked, funds will get lost.

I'm more worried nowadays about MEW than Iconomi site itself . the chance of losing the private key is higher with MEW now.

Secure your account with MEW + ledger/trezor, I feel this is the best way to save your money and to be free from getting phished.Recently received a fake Binance email to import your private keys...watch out!!!

Hardware wallet is good choice to keep safe our private keys I also would like to recommend MEW + Trezor which is more secure option to get access to our token and keep them in most secure environment. Hackers are on the fire now a days so many people already lost their due to some phishing sites.

Yep, just make sure to follow all the best practices like keeping the backup phrases safe, secure, and secret.
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March 26, 2018, 06:34:57 PM
 #8513

Newest update of the ICN website:

https://www.iconomi.net/daa-list

They could make it so that you could click the desired column and sort the DAAs by best to worst or something like that...
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March 27, 2018, 10:42:32 PM
 #8514

Newest update of the ICN website:

https://www.iconomi.net/daa-list

They could make it so that you could click the desired column and sort the DAAs by best to worst or something like that...
This is a good list, but lacks a few basic elements. The first thing I would need is to give returns not just in USD but in terms of ETH and BTC as well. That way, I can really see the under/over performance independent of the market conditions or my preferred base crypto (BTC or ETH).
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March 29, 2018, 02:41:19 PM
 #8515

Welcome to ICONOMI’s first development overview.
 Read about the progress of each of the development goals outlined in our ICONOMI in 2018 roadmap here: https://medium.com/iconominet/development-overview-q1-2018-3bb67b8de060



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March 30, 2018, 12:53:26 PM
 #8516

" Debit card
Implementation is on hold while we choose a third-party provider. "

This sounds like the near future. I hope the fees stay in the same decent manner as the other icn fees. would be nice to have a little % from the debit card usage fees on burning iconomi also but probably they had this idea already.

"Big Four audit
We have signed a contract with a Big Four firm. More technical information will be published in the coming weeks. The development team is currently implementing all procedures and code required to allow the audit to go forward."

This is a must for a basket that holds many eggs. Will bring more investors because of the trust gains and it's also around the cornet as time frame
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March 30, 2018, 01:17:39 PM
 #8517

what are the competitors to iconomi
i see Genesis Vision is gaining a lot of traction without a product
there is another as well. called signal i believe
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March 30, 2018, 03:29:53 PM
 #8518

https://news.bitcoin.com/cobinhood-delists-six-tokens-susceptible-to-pump-and-dump-limits-tether-pairs/

Cobinhood delists six tokens susceptible to Pump and Dump.


The exchange team explains that, “After careful consideration, we factored these criteria, while not exhaustive, as determinants of discontinuation. Limited trading volume on the exchange, which could potentially lead to trading malpractice (e.g. pump and dump). Poor community reception. Unestablished cooperation with the token team.”


Can anyone explain a bit more why this happened with Iconomi?


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March 30, 2018, 05:18:21 PM
 #8519

Welcome to a new #ICONOMI Weekly Update. Among many other activities, this week we released our first development overview and hosted another successful Meet the Managers event in London. Read more about the past week here:








https://medium.com/iconominet/iconomi-weekly-update-a2c035c84303


https://twitter.com/iconominet/status/979733364704989185

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March 30, 2018, 08:04:55 PM
 #8520

https://news.bitcoin.com/cobinhood-delists-six-tokens-susceptible-to-pump-and-dump-limits-tether-pairs/

Cobinhood delists six tokens susceptible to Pump and Dump.


The exchange team explains that, “After careful consideration, we factored these criteria, while not exhaustive, as determinants of discontinuation. Limited trading volume on the exchange, which could potentially lead to trading malpractice (e.g. pump and dump). Poor community reception. Unestablished cooperation with the token team.”


Can anyone explain a bit more why this happened with Iconomi?


I have lost half my funds with icn
Cobinhood considers iconomi a scam?
 Grin
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