Quote from: ICONOMI on October 07, 2016, 12:24:41 AM

Quote from: MalReynolds on October 06, 2016, 06:01:26 PM

Quote from: ICONOMI on October 06, 2016, 01:51:53 PM

Quote from: MoveCrypto on October 06, 2016, 02:22:14 AM

...Let's assume in the first year iconomi.performance invests 7000 BTC into icos, with an average return of 4x. That's 21000 BTC profit. ~20% of this profit will be sent to ICN token holders as dividends. 21000 BTC × 0.20 = 4200 BTC dividends...

.... I have to say that I like the methodology. Ur pushing good content here MoveCrypto. Thx!

Let's examine this good example a little more to help me (and everybody else) understand just how this is gonna work.

Assume next week at launch that ICONOMI puts 7K BTC into ICNP and then gets 4X on the investment...

@ ICONOMI, a question - in this example, ICONOMI has to come up with 80.77 BTC = $49.5K (approx.) per week of cash to distribute as dividends. ICONOMI gets this cash by trading that amount of ICNP coin holdings into ETH and then distributes the ETH - Is this correct?

We get this cash from funds (either our own funds OR funds anyone will be able to create on a fund management platform). Thn we buy ETH and distribute as dividends.

Let's discuss this a little further. I am confused because English has two meanings for the word "funds" here. Your answer is ambiguous and confusing because it is not clear which definition you are using. One definition of "funds" would be "cash on hand that we got from ICO and our ongoing operations". The other definition of "funds" would be "other organized trading efforts besides ICNP". Neither of these is what I would expect to be the source of cash to pay ICNP dividends.

It seems to me that to pay out weekly dividends on ICNP, you have GOT to sell coins traded in ICNP. The amount you sell of these coins in a week must equal 20% of the profit generated by ICNP in that week. If you are getting cash to pay for ICNP profits anywhere else, you are shortchanging that area of your operations by draining resources from it.

Where dividends come from in an accounting sense is at the very core of the ICONOMI project, so clarifying your approach until it is crystal clear to all is not a waste of time.

Please verify that ICNP dividends will only come from sale of coin assets accumulated by ICNP operations as profits. Or do you really intend to pay them with cash from other sources?