Post
Topic
Board Announcements (Altcoins)
Re: [ANN] ICONOMI - Fund Management Platform
by
Vaelin
on 09/02/2017, 12:43:18 UTC
Peanuts, really.
Iconomi must make hundreds of millions of dollars before ICN dividends can be anything more than $0.01 per ICN per year.
You can make more money from Dividends in a traditional savings bank account, than by holding ICN.

Publicly-known ICONOMI.performance holdings:

5M GNT: ($151.8k current value) - ($51.3 invested) = $100.5k unrealized profit

4222 GBYTE: ($385.2k current value) - ($0 invested) = $385.2k unrealized profit

Total unrealized profit = $485.7k

Estimated unrealized dividends for ICN holders: ($485.7k)×0.20 = $97.1k

*20% performance fee is just an estimate, not officially announced yet


For people who bought in at ico price of $0.13, that would already be a 0.75% return if dividends were realized.

That's from investing just 1% of ICNP's seed money.  The main source of dividends, the platform, hasn't even launched yet.

Average yearly return of a traditional savings bank account in US is 0.06%.  If you account for inflation, then it is negative 1% or 2%


The effect on the market and the ROI from your trolling is less than peanuts.


Read these stories to children at night, I'm sure that as soon as GBYTE distribute tokens, the price dropped to $ 1-2 per coin, so goodbye for profit GBYTE. If you take the Golem, lacked any volume on the stock exchange, what would it fixed a profit, and minus position iconomi index silent, and there they are not enough

I'm not 100% clear on what you're talking about, however I gather that you are concerned about the value of Iconomi's Byteball holdings because only 10% of coins have been distributed?

I presume that Iconomi will continue to hold their bitcoin in the account linked to their Byteball address. Though more people will presumably link their bitcoins for subsequent distributions, as long as the amount of linked bitcoin doesn't grow exponentially, then Iconomi's Byteball holdings will only fall in value incrementally because they will also receive more Byteball. Moreover, people with large Byteball holdings are treated favourably in subsequent distributions because they will receive more Byteball relative to their existing Byteball holdings.

And that assumes that the market cap remains constant or falls. If the market cap increases then inflationary pressure would not undermine the USD value of their Byteball holdings at all.