Quote from: alonmuroch on May 16, 2017, 04:29:42 PM

Quote from: Jani Valjavek on May 16, 2017, 03:46:50 PM

How would copy- Ico investments work?

For example, we had to create an account on Iconomi website to be able to invest. There is no way to copy such types of ICO investments.
On the other hand, a few ICO have a smart contract for investing. In this case it may be feasible to copy these types of investments.

Am I right?

Will be have to pay the person we are following? Why would an experienced trader share his trades for free?

Wouldn't it create a lots of problems if there are more investments from CoinDash users than the ICO cap. For example, there's an ICO with cap of $1 million. Thousands of people are following a person which invests in this ICO. According to what I understand, it would mean a smart contract will trigger investments from all these thousand users. If it's an ideal situation, all the thousands of transactions would be processed at same moment. And ICO collection may total to $2 million when all transactions confirm simultaneously.

However, it's not ideal world so some transactions would be processed first and some later. The transactions processed later would be refunded by ICO as out crosses cap. So you'll be discriminating som between the users.
Comments?

You instead of solving a problem, are increasing its effect. If many people use your services. The ICO that were lasting for 5 minutes would only last 15 seconds (one Ethereum block). Projects may get over funded because of you.
Projects would have an option to refund all participants or continue with overfunded project.

Hi Jani, thank you for the questions

How Copy ICO works - using our portfolio management platform users would be able to keep track of their portfolio and get insight about their performance as investors. Those indicators could be shared to the network. People would be able to follow those users and opt-in to copy their ICO investments. CoinDash identifies when an opt-in user makes an ICO investment and will trigger the same investments to his followers. The validation and execution of those copy ICO requests are handled by a smart contract under the control of the user.

copy ICO fee - following and copying someone is essentially a way you transfer knowledge and expertise between users, for that the following user will pay a fee which will be divided by the top trader and CoinDash.

Why should anyone share their portfolio? - its a question we've asked ourselves and had to test it with real traders. The social aspect in trading is a powerful one, many traders already share their success and positions with other to gain social statue and some even manage other peoples money for fees. They are doing it because of social incentives (get more known in the community, gain respect, have more influence) and financial incentives (people are willing to pay a lot for the right tip for a trade)

potential problems its a bit of a misconception that everyone follow only one trader or get into the same ICO at once. We are seeing the ICO and altcoin market becoming bigger and bigger all the time, with more opportunities arise every day. Enabling people to discover investment opportunities is a win for them and a win for the blockchain space because they fund blockchain projects who otherwise would find it very hard to raise capital.
The alternative is that only the select few have the time and knowledge to know what to invest in... I think everyone should deserve it.
keep in mind that one of the effects of copy ICO is to channel money in a smarter way by leveraging the know how of good investors.

I think that the creation and trading of crypto assets is one of the biggest use-cases for blockchain technology. a way to change the traditional financial industry. There are flaws in the crypto market, sure... there are flaws in the ICO model, sure... but the only way to make this space more competitive and produce better results is by introducing more people to it and providing them sophisticated tools to direct their capital to the right places.

Thanks Alon,
Great, interesting and comprehensive answer.