Quote from: Wapinter on April 02, 2017, 12:00:29 PM

Quote from: MalReynolds on April 02, 2017, 11:09:08 AM

Quote from: Iabamba on April 02, 2017, 05:51:27 AM

Oh Okay. Im wrong about ICN being at ICNX. But still what purpose is ICN for ICNX?

Quote from: Wapinter on April 02, 2017, 10:07:32 AM

Previous discussion does not explain the need of having two tokens i.e. ICN and ICNX. Wouldn't one be sufficient? I mean ICN could have acted like what ICNX is supposed to do. Now the real profit would be given ICNX holders in terms of sharing profit from crypto trades. Why was the need to have ICN then?

These quotes and others shows that Tim and others at ICONOMI still have some serious communications problems in getting their message across to the public. These communications problems need to get addressed immediately if not sooner, and should be at or near the top of the priority list. Are you listening, guys?

There's gaps in my own understanding which I would appreciate somebody correcting. In particular, what's the difference between DAMP (digital assets management platform) and OFM (open funds management) platform? Newer and older names for the same thing? Not clear to me at all, I missed that memo...

Anyway, ICONOMI has three main projects under development at the same time. First is ICONOMI.performance, which invests directly in new cryptocoin IPOs. A second is ICONOMI.index, which calculates an average price among a basket of cryptocoins selected by ICONOMI itself, then tracks changes in that price. Third is the DAMP/OFM platform, which will be a marketplace where anybody can set up and run their own index fund like ICONOMI.index, based on a different personal mix of coins, and then try to attract investors to their fund as a higher-profit effort.

ICN is a share of ownership in all ICONOMI software and intellectual property, as well as a share of the fees and profits ICONOMI makes from ALL THREE of their main projects, and also from any other efforts they fund in the future (such as cofound.it). ICNX is a share of just the index-rise profit made from ONLY ONE of these projects.

There will be times where the ICONOMI.index falls, ICNX suffers a loss, but ICONOMI as a whole will make profit on their other projects. On that day you want to be holding ICN, not ICNX.

Thanks for this detailed explanation.Will not cofound.it render ICONOMI.performance useless?
I mean why is ICONOMI creating so many identical projects.?

Because if you manage to bluff your way to Millions of USD worth of funding the first time, why not try to do it a second time?

Just throw in a lot of complicated mumbo jumbo and tell the idiot investors on here that it's for the best and score!!!