Re: [ANN] ICONOMI - Fund Management Platform

I have a question how will other cryptocurrencies be treated (Lisk and Ethereum for example) ? Automatically shifted to BTC or will they stay in LISK and ETH? I'm asking due to price volatility and if someone invests 1000 LISK how will that be handled at the end what if price is doubled or if it goes down as well as FIAT currencies?

Will everything be converted to BTC at the time of deposit?

We'll be accepting Bitcoin, Ethereum (ETH) and Lisk. All the funds will be kept the same way as we receive them.
At the end of ICO, that is on 29th September at 20.00 CET we'll calculate value of investments in EUR and you will then you will know fixed number of ICN tokens.

The same will apply to USD deposits.

Currencies that will be accepted via Shapeshift will be converted to BTC at the time of sending them and kept in BTC>

In this case the less volatile option to deposit is EUR, right ?

If you don't poses any crypto now then I would say yes.

And if you compare usd/eur then eur is the one that is not volatile. But USD can be compared to eur.

I think even if you have crypto, because you mention "At the end of ICO, that is on 29th September at 20.00 CET we'll calculate value of investments in EUR and you will then you will know fixed number of ICN tokens", because you are going to use EUR as your functional ICO currency, the only way to avoid value fluctuation (in your favor or against you) is to convert any other currency (crypto or fiat) in EUR and then deposit.
Don't you agree ?

Yes, you're right. However, if you deposit EUR and BTC appreciated a lot. Then relatively you get less for each EUR. And vice versa.

Just a curiosity, why not instead of using EUR you don't use BTC or ETH as the functional ICO currency ?

At the end of the day it won't make a difference to whichever currency is pegged.

Mathematically speaking ratio will be calculated among each and this one stays from whichever currency you use as base.