Post
Topic
Board Announcements (Altcoins)
Re: [ANN] ICONOMI - Fund Management Platform
by
MalReynolds
on 10/12/2016, 23:10:34 UTC

I did both of that but I didn't get a clear answer from the paper or reddit (https://www.reddit.com/r/ICONOMI/comments/5gyhkk/dividends_question/)

I'm not trying to spread FUD but that answer kind of needs to be clear for traders/investors.

the answers are clear in the FAQ and WhitePaper

So what does the FAQ and whitepaper say is the answer to my scenario I outlined to Jani below?  I never found a clear answer there.

"Finally, at some time in 1Q 2017 you will make your first dividend payment to the original ICO participants who funded the ICNP original $4.6M. Say for example you invested $500K of ICNP money in the ICO of a new coin. In the week after launch, that coin doubles in price so your $500K investment is now worth $1M, giving an ICNP profit of $500K total. 20% of that $500K or $100K is the amount of profit to be distributed among the original ICO participants.

WHERE DO YOU GET THIS $100K TO DISTRIBUTE AS ETH DIVIDENDS?

Specifically, do you sell 10% of your holdings in the new coin at the end of the first week and hold on to the other 90%? Or do you get the money for dividend distribution from some other source? And if this, WHAT other source?"