Quote from: stratisage on February 06, 2017, 11:17:57 AM

Quote from: Joint Force on February 06, 2017, 09:35:48 AM

Is this coin below ICO price yet?

ICO price was 10.68 cents - 10,682,516.42 USD invested in 100,000,000 coins. 15% of the coins are for devs. Biggest EU ICO. Now is ... figure it out.
I disagree with people who says that ICO price should be 15% on top of this.

Sigh. No, no, no. Let me explain this correctly again. Go look at coinmarketcap.com - there are only 87M ICN tokens in circulation. The ICO funds raised did not and have not gone towards either the ownership or the pricing of the separate pot of dev tokens.

Investors put in $10,682,515.42 USD to purchase 85 million ICN at a cost of 10,682,515.42 / 85,000,000 = $0.1257 each. The ICONOMI team put 15 million additional ICN aside in various pots (founder bonus, bounty, etc) and paid ZERO USD for their ICN. These 15M ICN had an IMPLIED value of $0.1257 also, but nobody really knew WHAT any ICN was worth on the open market until the token hit Kraken. The answer turned out to be a steady rise to the $0.4512 USD price listed today on http://coinmarketcap.com representing a 0.4512/0.1257 = 3.6X increase in value of ICN in the past four months since the end of ICO.

If you look at coinmarketcap.com, they list only 87M ICN in circulation - the investor/donator ICO amunt of 85M plus 2M in released bounties. The remaining 13M ICN in the hands of developers are locked down for (I think) six months after ICO until platform release. These dev tokens have yet to be priced.

Consider the day these extra 13M tokens are unlocked and considered part of the total circulation. Either the value at Kraken will drop by 15% (because there are suddenly 100/87 = 1.15X more "inflationary" coins in circulation) or, if the value at Kraken holds steady, the market cap at coinmarketcap.com will jump 15%. It all depends if ICONOMI is seen as strong or week at that time.

PRICE/VALUE OF THE 13M DEV TOKENS IS DECIDED BY KRAKEN TRADERS IN THE FUTURE, NOT BY ICO INVESTORS IN THE PAST.

Bottom line: the launch price of ICN was 0.1257 USD per ICN.