Iconomi, you just retweeted an article from Smith and Crown. That article's first point is: "Due to the crowdsale structure and ICONOMIs business model, ICONOMI will not return value to token holders until its generated as much money in fees as it raised in the ICO, what at time of writing is just north of $4.5 million. This will likely take many years. (1)"
Is this true?? This seems to contradict everything that has been said thus far. Do they mean won't return the full value, or won't return any value (as in no dividends)?
Read the footnote (1) at the bottom of the article.
*"Smith+Crowns back-of-the-envelope calculations: assuming a 1.5% management fee (based on net assets) for management investment, one would need a total seed fund of $300 million to hit this threshold. Assuming a .5% fee for a passive ETF-like investment, one would need $900 million invested, which is 7.5% of the entire cryptocurrency market today. These fees are industry average fees for traditional financial products today, which only cover operational fees. ICONOMI fees will need to cover both fees and dividends. Even with a distribution of this over time, sufficient revenue to pay back investors seems unlikely. For example, if 1% of the entire cryptocurrency market went through ICONOMI funds (half in a CMF and half in a CTF), and a full quarter of industry-standard management fees actually went to dividends, then ICN tokenholders would wait 15 years before $4.5 million was returned, even without adjusting for inflation or discounting to present value."
It seems to me they aren't right in the calculations. My mathematics, shows absolutely other figures.