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any updates on buybacks with Iconomi? Haven't been around much lately with all the Monkey Capital hysteria. Thanks.
p.s. - sorry if answered a few pages back!
p.s. - sorry if answered a few pages back!
No, but this: https://medium.com/iconominet/become-one-of-the-first-iconomi-digital-asset-array-managers-1a4f1779a97e
Quote
Proposed portfolio structure (identify tokens and weighting; please see the list of supported digital assets here)
https://docs.google.com/spreadsheets/d/1oc3aZkGLelE44248jYijCndwnTfLBgyI1i7G862Kq08/edit#gid=0
Damn, no ICN on the list so my plan for Inception Array is foiled.
I ain't givin' you no ICN for tree fiddy, you god damn Loch Ness Monsta!
https://www.youtube.com/watch?v=9xCAs08QPNw
https://www.youtube.com/watch?v=9xCAs08QPNw
What happened to that 5131.445 BTC we sent them?
Did we get scammed?
https://news.bitcoin.com/mycelium-employee-quits-after-ico-funds-was-used-for-spanish-vacation/
Did we get scammed?
https://news.bitcoin.com/mycelium-employee-quits-after-ico-funds-was-used-for-spanish-vacation/
So, once again, there HAS to be ways for users to be able to exchange ICN -> BTC -> USD fiat for users who legitimately got their funds such as myself and all of us ICO/IPO investors. I just find it hard to believe that its impossible for me to convert, say $1,000,000 worth of ICN to my bank account so that I can buy a half a million dollars house in a nice place and live happily ever after, so it would be a great idea to list all possible legal ways for us ICN investors to dispose of our funds so when the right time comes we know what to do and wont feel lost. Sounds like champaign problems to me mate, i have the same thing but i only hodl icn and btc (and a small amount of alts (as a collector of rare coins)) the people in the future will fix it by inventing someting like a whale trading club or someting like that. Im not that worried and dont need that much of money (its just sitting there on kraken) dont forget the world is heating up, the oceans are getting acidic and the old system failt to willing to fix that, the old must die for the new to rise to fix this or what ever peace out. Ow yea tokens i think are easyer to replace than cryptos if etherium fails to scale and bitcoin succeeds than i guess iconomi wil just go bitcoin token?
Well for the moment you can exchange ICN for USD on Kraken and then withdraw it to your bank account. If you are verified for Tier 4, you can get half million $ monthly, so you in 2 months you can get your nice house. Just remember to pay your taxes for this
Yes you are right, deposits originating from Kraken might not be seen as negative as the ones coming from Coinbase, and it is something that might work just fine, except that Kraken is not available to me because I am a New Yorker and Kraken closed my account years ago after Bitlicense and I was level 4 verified, now I can login to my Kraken account and it shows Level 0 verified with a message saying they doesn't service New York residents and blah blah blah. I know I can fix this by moving to New Jersey or Pennsylvania or any other 49 States away from NY but that sucks! It sucks having to think of abandoning NY just to be able to dispose of my cash, and even a $275,000 profits which is essentially my current ICN worth might not be enough to justify over 7 months of rent paying + utilities and everything else just too big of an overhead that will eat like 30+% of that gain at the end, it's like a huge tax on top of the tax I would have to pay. There has to be a great way for us New Yorkers to dispose of these profits right here without having our bank accounts closed down. Any ideas? Sure if ICN prices goes IP to like $200+ each thn I would be a millionaire and then paying the overhead costs of becoming a New Jersey perma resident wouldn't seem that high afterall and who knows, instead of paying rent I might even buy a house at a nice place in NJ.
Damn! I hope to have the same problem someday if my portfolio ever grows to become worth as much as yours.
My only advice would be: don't invest more of your precious crypto into fiat than you can afford to lose.
Not a big spender, but threw away couple hundred ,so I can have something to remember this trip.
>inb4 someone mentions I should have bought a rolex
All in good time.
>inb4 someone mentions I should have bought a rolex
All in good time.
I thought people are now just using mobile phones to check time.
Unfortunate for me. I sold some ICN to ride WAVES recently. I hope ICN continue to rise up to a hundred so I can be a millionaire
Godspeed, bro.
Honolulu mate! Thats a sick watch and congrats to you and everyone else. We've been waiting for this since the Lisk days.
It's a pretty unreal feeling, I can cash out like half of my stash right now and buy a brand new 911.
I'm just in awe, nothing to say.Just enjoy
Keep hodling and you can eventually cash out half to be like this guy:
ICN has significantly underperformed ETH since its ICO though. You can check that here: https://icostats.com/vs-eth
The point is not that ICN hasn't done well, but when compared to the alternative for many people, which is just hold ETH instead, it has significantly underperformed.
The point is not that ICN hasn't done well, but when compared to the alternative for many people, which is just hold ETH instead, it has significantly underperformed.
The ICO prices for a lot of the assets on this site are way off.
I messaged the owner about it, and he said he is working on auditing/correcting the prices.
Some of them like DGD or ANS are listed at +100% or -50% what the actual ico prices were, based on BTC and ETH prices on date ico closed.
Iconomi (ICN)
https://medium.com/iconominet/iconomi-ico-token-share-calculation-finalised-9747e69d496d
10,682,516.42 USD equivalent raised for 87m ICN issued = $0.122787545 --> site has it listed as $0.13
converting to other currencies using the weighted average exchange rates from the blog post:
0.122787545 USD ÷ 605.893 USD/BTC = 0.000202655 BTC --> site has it listed as 0.00025445 BTC
0.122787545 USD ÷ 13.1603 USD/BTC = 0.009330148 ETH --> site has it listed as 0.0118 ETH
Re: [ANN] HEAT: 3.0 crypto*multisig fiat*a2a hft*1000tps*DSA*PoS+PoP*e2ee chat*
I heard someone saying: "Refuting bs takes one order of magnitude more effort than producing it" and i guess that applies well to our beloved Stewie here.
The only question being: why is he losing so much time to fud this project when there are tons of war worse projects that don't get even a fraction of his attention?
Does he have an economic interest in fudding HEAT? Maybe.. but it has been going for so long, it's quite unlikely (or he's the biggest HEAT whale out there)
Is he enjoying it? Probably, i like to imagine him with the classic troll grinn while turning on his PC, ready to shitpost... but again, the internet is vast, and it has been going on for months. Isn't porn or videogames better?
It's a mistery!
The only question being: why is he losing so much time to fud this project when there are tons of war worse projects that don't get even a fraction of his attention?
Does he have an economic interest in fudding HEAT? Maybe.. but it has been going for so long, it's quite unlikely (or he's the biggest HEAT whale out there)
Is he enjoying it? Probably, i like to imagine him with the classic troll grinn while turning on his PC, ready to shitpost... but again, the internet is vast, and it has been going on for months. Isn't porn or videogames better?
It's a mistery!
The great mystery of StewieG
what ico price?
I at the time ICO received from 0.1 btc - 700 etp .... at that time, I do not exactly remember but 1 btc seemed like 700 dollars
when Yunbi?
Re: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem
Some news from there official blog. You should check this out!
https://blog.bancor.network/the-community-of-the-currency-9770087fde17
"Weve heard many concerns that having no cap in the first hour (other than the 1M Ether security cap) may result in BNT dropping below its initial price after the token allocation event. Even though wed like to think that our hodlers will not be quick to liquidate BNT theyve purchased at its initial price, we have decided to allocate any proceeds collected in the minimum hour which exceed the hidden cap as follows:
20% will be allocated to the BNT Ether Reserve, to further improve the liquidity of BNT, which increases stability while reducing conversion costs (price slippage) for all.
80% will be locked for two years in a smart contract that will buy back BNT for 0.01 ETH (the initial price) whenever it is available, according to its calculated price. The purchased BNT will be added to the Foundations long-term budget, and after a 2-year period, any remaining ETH will be allocated pro-rata according to the Use of Proceeds chart in our Token Creation Terms."
That is definitely interesting, and should ease some of the concerns around a mad rush for the ICO. https://blog.bancor.network/the-community-of-the-currency-9770087fde17
"Weve heard many concerns that having no cap in the first hour (other than the 1M Ether security cap) may result in BNT dropping below its initial price after the token allocation event. Even though wed like to think that our hodlers will not be quick to liquidate BNT theyve purchased at its initial price, we have decided to allocate any proceeds collected in the minimum hour which exceed the hidden cap as follows:
20% will be allocated to the BNT Ether Reserve, to further improve the liquidity of BNT, which increases stability while reducing conversion costs (price slippage) for all.
80% will be locked for two years in a smart contract that will buy back BNT for 0.01 ETH (the initial price) whenever it is available, according to its calculated price. The purchased BNT will be added to the Foundations long-term budget, and after a 2-year period, any remaining ETH will be allocated pro-rata according to the Use of Proceeds chart in our Token Creation Terms."
It seems there will be no way the price will drop below ICO price.
That way it is more likely the ICO will be finished in an hour.
Interesting so it basically makes this a virtually risk free ICO. Thats bound to create a lot of pumping once the ICO is over. I wonder if they could also be the first ICO to generate over a hundred million dollars.
It would still be possible for the price to drop below 0.01 ETH.
For example, let's say the hidden cap is 250k ETH, and it raises 300k ETH in the first hour.
That's +50k ETH above the hidden cap. (50k ETH)*0.80 = 40k ETH would go into a buyback pool.
The buyback pool would be big enough to absorb 400k BNT. After that, the pool would be empty and price could drop below 0.01 ETH
From yesterday im trying to withdraw my ICN from jaxx and/or from myetherwallet but getting this error each time " Warning! Error encountered during contract execution [Out of gas]"
1. I do have ETH in my wallet
What could be the problem?
Thanks
1. I do have ETH in my wallet
What could be the problem?
Thanks
Increase the gas limit to 70000, and make sure you have at least 0.0035 ETH in the address to pay for 1 or 2 transactions.
Speaking of gas....
Take your buybacks and shut the fuck up about this "utility" buzzword bull shit. ICNP is already up to $42 million which is enough in buybacks to buy the ICN on Kraken sell side 5 times over.
And yeah, that's JUST for ICNP.
And yeah, that's JUST for ICNP.
Is $ appreciation of the uninvested BTC, ETH, and LSK that Iconomi has been holding since ICO counting towards buybacks?
Enough of your FUD! Begone, concern troll!
... are you no longer a Lisk delegate?
months ago. Still holding some Lisk though, and so is Iconomi:https://explorer.lisk.io/address/6300322192409448238L
Take your buybacks and shut the fuck up about this "utility" buzzword bull shit. ICNP is already up to $42 million which is enough in buybacks to buy the ICN on Kraken sell side 5 times over.
And yeah, that's JUST for ICNP.
And yeah, that's JUST for ICNP.
Is $ appreciation of the uninvested BTC, ETH, and LSK that Iconomi has been holding since ICO counting towards buybacks?