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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.

Yeah i agree that in math it won't make a difference.
The only way to avoid the volatility would be to you convert right away all the non-EUR deposits to EUR, and not waiting 1 month to do this, is this viable operationally ?
The way i see it i am very comfortable on taking the platform risk, but i would be very pis... to invest 5BTC @ 515 EURBTC quote and get it converted 1 month later lets say @ 412 EURBTC (-10%), i understand that it also can go up and it get converted better, but the optionality here is still negative in terms of risk.

In that case it is best to participate strictly in EUR or USD. Whichever is closer to your national currency in which you make money or keep your savings.

We can not convert straight to EUR right away, because in case we'd need to refund people they need to receive back exactly what they put in. The only exception (but here currencies do not swing up and down that much) is if you send fiat that is not EUR or USD. In case that you for example send TRY, those TRY will be converted to EUR and if we'd need to refund we would convert it back to TRY on the day of refunding and send it back - without any extra costs for you.

I see your point, i have the 5 BTC ready, will try to decide if i am converting it to EUR and deposit or deposit the 5 BTC and take the risk ... also i could hedge going short 5 BTC/EUR or BTCUSD in a exchange.

Plenty of options here yup.

In case you decide to go in converting 5 BTC into EUR you can create an account on Cashila - service we run. And let me know your email and I'll give you zero fee there for that transaction.

Nice thanks