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Board Tokens (Altcoins)
Re: [ANN] ICONOMI - Digital Assets Management Platform
by
cryptobart
on 13/10/2017, 17:43:17 UTC
one year later we back to ICO, just sad

yes, ICN price in BTC approximates the ico price (0.00022)
but in USD it is still more than 10 times the ico price (0.123)
because so many things have happened meanwhile in the market !

you are right, but in this crazy crypto market, all we want is accumulating more btc, with btc 10x in usd,
we basically did nothing a whole year.  it is a tricky game. hopefully we are like the early days of btc
when you paid 10000 for a pizza. I don't know what can be accomplished in 7 years for ICN comparing
to BTC, but it's eternity
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Re: [ANN] ICONOMI - Digital Assets Management Platform
by
cryptobart
on 12/10/2017, 18:49:29 UTC
one year later we back to ICO, just sad
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Board Announcements (Altcoins)
Re: | NEO Smart Economy | Official Thread |⚡Updated: Interview With DA Hongfei⚡
by
cryptobart
on 07/08/2017, 05:18:50 UTC
Please, help me!!! Made a transfer from the wallet to Bitrex. But the purse is not fully synchronized. The coins were written off from the balance sheet but they are not on the stock exchange. what should I do? Will the transaction complete after the synchronization is complete? Thank you in advance for your reply!  Shocked  Shocked  Shocked Cry Cry Cry
what you need to do is waiting the blockchain to sync to the latest, then you will see the transaction pass through. don't worry your coins are fine.
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Board Announcements (Altcoins)
Re: [ANN] Introducing NEO + General Info & Resources | News Updated
by
cryptobart
on 03/08/2017, 01:01:57 UTC
congrats on the branding, as an ico hodler, looking forward to the bright future!
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Board Tokens (Altcoins)
Re: [ANN] ICONOMI - Digital Assets Management Platform
by
cryptobart
on 01/08/2017, 20:32:16 UTC
congrats to the team reaching the significant milestone! DAMP here we go!
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Re: [ANN] ICONOMI - Digital Assets Management Platform
by
cryptobart
on 11/05/2017, 20:21:01 UTC
0.00045 and beyond coming up...




congrats on your ICN millionaire, mal!
soon you will be ICN multi-millionaire!
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Board Tokens (Altcoins)
Re: [ANN] ICONOMI - Digital Assets Management Platform
by
cryptobart
on 28/04/2017, 22:42:28 UTC
Oh yeah thanks a lot mate.Is it safe to keep my ICN there or should I move them to MEW?Sorry if I missed some important announcement in this regard
I think it's safe there, but for me, I got a ledger nano s, truly hassle free
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Re: WAVES. Ultimate crypto-tokens blockchain platform.
by
cryptobart
on 12/04/2017, 17:06:54 UTC
DEX looks really nice, one question, are you guys gonna add ethereum and ERC20 tokens in the future?
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Re: [ANN] ICONOMI - Digital Assets Management Platform
by
cryptobart
on 29/03/2017, 15:37:26 UTC
The first buyback is only around 85K ICN's...spread over 90 days.... so they go to buy back around 1000 ICN a day.... that's nothing...That will not effect the market price... For me the decision to go the buyback way is 100% against what I expected and what was promised with ICO. We are owner of the platform, and Iconomi decides to change the basics. That's not fair in my opinion.  I want ETH as Dividends... my % of Iconomi would be the same...but I would earn ETH, which in few years is 1000 times more worth than ICN.







The issue with dividends is that tax authorities tax dividend companies in a different way, when you mention dividends it only brings problems. Also this blocks many doors for example the US exchanges because of SEC shit.

Also for the holders is better not to be paid dividends because when you declare your taxes and you if you receive dividends you get a higher tax.

I think moving away from the dividends thing only brings good things to ICONOMI, first the US market, second less troubles with taxation for both the ICONOMI company and for the holders.

See you in Polo soon :-)

Everybody with a bit of knowledge of taxes was aware of that. I knew when I entered the ICO that Dividens are taxable. I have no problems to pay tax on my dividends as I would do with normal stocks.  Come on guys... it's logic that Dividends are seen as Income and therefore taxable. And Iconomi knew that for sure... for me this is getting a bit strange. issuing an ICO with promises, that they knew they cannot handle it... and if they didn't know it....the team sucks! Sorry to say...this is not fud...I'm just disappointed.

You must have already made some profit. Simply sell and move onto something else.

I know it is annoying for those that prefer dividends but it's done. It makes business and financial sense. There a lots that would disagree with your opinion but you can't please everyone. Just like with this bitcoin fork debate.... some people will be disappointing by the final choices going forward.

I believe the buy back was a necessary change to bring value to ICN an allow Iconomi to bring their product to market much faster.

Just because you want dividends doesn't mean the whole project should suffer from it. Think about all of the negatives that have come to light since first coming up with the idea of paying dividends.

I agree with you... it's probably the right way to handle a lot of problems they would have with Dividens system. It makes sense business and financial wise. But they knew it before. And this is what disappoints me. The promises made, that they knew it won't happen. However....will sell ...may regret later...but honestly I don't think the buyback will raise the price. I think I will be able soon to buy back much cheaper.

Please do, the team will burn more, thanks for doing that!
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Re: [ANN] ICONOMI - Digital Assets Management Platform
by
cryptobart
on 29/03/2017, 15:35:06 UTC
ShinyDiscoBalls posts in this thread are definitely the most enjoying thing there is out there
agree, like his debate style  Grin Grin Grin
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Re: [ANN] ICONOMI - Digital Assets Management Platform
by
cryptobart
on 29/03/2017, 05:36:02 UTC
So I've decided to share my reasons for being extremely happy with the announcement today:

A Dummies Guide To Implications of Today's Announcement


1. Imagine this: For the next 100 years, a portion of Iconomi's revenue will be directly and continually INJECTED into the ICN Market.  It means that ICN is pretty much the first cryptocurrency in the market with a guaranteed value -- The guaranteed value is equivalent to the portion of profit being injected into the ICN Market through the buyback program, and is proportional to the Iconomi's Revenue.  To put it simply, assume the total revenue of Iconomi platform in the next 10 years is 1 billion USD, and 10% of that is put into the buyback program, it means ICN will have a guaranteed Market Cap of $100,000,000 USD (sky is really the limit here).

2. ICN will be the very first malicious-dumper-proofed and FUD-proofed Cryptocurrency in existence.  Don't forget that a portion of Iconomi's revenue will be continually injected into the ICN market.  So any ICN priced lower than the fair valuation will automatically be removed from the market, to every investor's advantage.

A very simple example: If someone owns 10% of Amazon shares, what's preventing this individual from dumping the shares all at once and buy back at a much lower price?  The answer is Amazon's $5 billion USD stocks backbuy initiative.  As soon as the stock price drops below its fair valuation, it will get scooped up in anticipation of a future stock buyback.

3.  Not only that Iconomi's revenue will be continually injected into ICN market, ICN will also be removed from the market at a constant rate to make ICN more and more scarce.  So the 2 things combined will make ICN extremely valuable - A portion of profit being injected into ICN market on a weekly basis, Removal of ICN tokens from market to make it more scarce, which translates into the following: ICN will continue to be bought back until 1) All the ICNs are gone from the market, 2) Each ICN is worth $1000 dollars (or more).

4. ICN is truly the first crypto that rewards an investor for holding it long-term:  ICN's market cap is guaranteed to grow larger as time goes by.  An investor of ICN is guaranteed of the following: the longer you hold, the more valuable your holding will become - because your holding's value is always proportional to Iconomi's revenue and portion of profit injected into the market.  Can any other Crypto make this kind of guarantee?  Grin

My take on today's announcement is this: ICN will have a guaranteed market cap equivalent to the portion of profit being injected into the market.  It doesn't matter whether someone wants to maliciously push the price lower, or whether there is any demand, ICN's price and market cap will always bounce back to its fair valuation, and it's guaranteed!!!!

PS: I just wanna thank Jani and Team for taking this initiative.  You guys really have the investors' best interest in mind.  And I'm very happy to be part of Iconomi!  Grin


BRAVO !!! Grin Grin Grin Grin Grin
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Re: [ANN] ICONOMI - Digital Assets Management Platform
by
cryptobart
on 16/03/2017, 00:33:31 UTC

Mentioned Q1? I think they are too busy enjoying our real money we invested.

Iconomi step up to the plate and show us you are real.



You can tag @jani to verify me.
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Re: [ANN] ICONOMI - Digital Assets Management Platform
by
cryptobart
on 16/03/2017, 00:16:28 UTC
I am a first day ICO investor and beta tester. I am really satisfied of the ICNX trading experience, easy and fast. They recently added KYC feature to the platform to prepare the launch. Personally I think it's a smart move, it will avoid tons of potential legal issues. I also have some issue with cell phone verification, after exchanging several emails, they solved my issue in a very effective way. I have no doubt on the capability of the team. They really did a great job so far.

Price wise, we are pretty stable around 0.3 USD and it's only 6 months, I am confident that we will be a unicorn crypto some day. We are still in the early stage and ICN needs to distribute more evenly throughout the year. As a long time investor, I am not worried at all, our day will come. We will be like ether, dash or even BTC today, what we need is the patient to develop the product and business.



did they mention any info about final release date ?
I think they mentioned end of Q1. They are busy with tweaking functionalities and interfaces.
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Re: [ANN] ICONOMI - Digital Assets Management Platform
by
cryptobart
on 16/03/2017, 00:04:20 UTC
I am a first day ICO investor and beta tester. I am really satisfied of the ICNX trading experience, easy and fast. They recently added KYC feature to the platform to prepare the launch. Personally I think it's a smart move, it will avoid tons of potential legal issues. I also have some issue with cell phone verification, after exchanging several emails, they solved my issue in a very effective way. I have no doubt on the capability of the team. They really did a great job so far.

Price wise, we are pretty stable around 0.3 USD and it's only 6 months, I am confident that we will be a unicorn crypto some day. We are still in the early stage and ICN needs to distribute more evenly throughout the year. As a long time investor, I am not worried at all, our day will come. We will be like ether, dash or even BTC today, what we need is the patient to develop the product and business.

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Re: [ANN] ICONOMI - Digital Assets Management Platform
by
cryptobart
on 14/02/2017, 17:59:50 UTC
Nice move Jani,

Thank you for opening a healthy clean thread!
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Board Announcements (Altcoins)
Re: [ANN] ICONOMI - Fund Management Platform
by
cryptobart
on 24/11/2016, 07:56:45 UTC
Officially launching in Dec 2016

https://twitter.com/iconominet/status/800988469048868864


Have some Cody Wilson, to kill the time till launch

https://www.youtube.com/watch?v=xa87kudAVFs

Or this guy from youtube talking about ICONOMI

https://www.youtube.com/watch?v=GFUlUXzNnSw

Good news!
This is a good news, will received dividens for holders icn. Its time to buy some ICN again.  Cheesy

I have not seen it is very good news, of course we also want to see ICN really added to other trading sites like poloniex


Poloniex will most likely add ICN once the ICNX & ICNP funds platform is released this December.
ICN won't be under 100k sat for much long...  Smiley
Once Devs announce official launch date, those sell walls will be bulldozed over in a jiffy... Someone is gonna lose his ICN so cheap.



I hope Poloniex do, the dividends distribution will be weekly I guess, I still have my ICN tokens on ICONOMI website, is there need for me to move my tokens to Ethereum wallet or I will be able to receive the it on their website also
You don't have to move, just keep it on the iconomi site and it will pay the dividends.
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Re: [ANN] ICONOMI - Fund Management Platform
by
cryptobart
on 23/11/2016, 18:16:10 UTC
Has there been any estimates on how the dividend payment is calculated?

I've already written this about ICN dividends:

https://www.reddit.com/r/ICONOMI/comments/5bi5em/what_defines_success_for_icnp/?st=ivdx8vk1&sh=07c6dbb9

As the article above discusses,  ICNP needs to go from its initial $4.6M to 2.7X during 2017 for a 15% annual dividend and 3.7X during 2017 for a 25% annual dividend.  Hitting 3.7X would make ICN a better dividend asset than any stock on NASDAQ and make ICONOMI a rock-star crypto on Wall Street.  

So let's look at the rock-star crypto 3.7X case.  $4.6M X 3.7 = $17M.    Profit is $17M - $4.6M = $12.4M.    Dividends to be distributed during 2017 would be 20% of that profit or $12.4M*0.20 = $2.5M.  These dividends would be distributed over 100M ICN tokens so each ICN token would receive $2.5M / 100M = 0.025 USD = 2.5 cents per ICN token over ALL of 2017.  If there was a constant weekly distribution of dividends over the 52 weeks in 2017, then the weekly distribution for each ICN would be 0.025 USD / 52 = 0.0005 USD per week or one-twentieth of a penny per week per ICN.  

So to equal the very best dividend stock on NASDAQ, ICONOMI must provide dividends per individual ICN token of $0.0005 USD per week or 0.025 USD total during all of 2017.

This analysis ignores other income streams besides ICNP.  This also ignores buying still more ICN weekly with your dividends for a compounding effect.

Getting back to the quote at the top of this post, EVERYBODY would be very satisfied with $0.10 weekly dividend per individual ICN.  This would mean ICONOMI would be paying out out $0.10 * 52 = $5.20 during 2017 on each ICO $0.1257 ICN token.  They would need $5.20 * 100M = $520M in cash to distribute as dividends to meet this 0.10USD per week per ICN target.  If this half-billion dollar dividend pool came from 20% of ICNP total profits, then the ICNP profits need to be $520M/0.2 = $2.6 billion.  With a B.  Growing the ICNP from its current $4.6M to $2.6046B is a multiplier of 566X, in a direct comparison of the 3.7X multiplier above that would make ICONOMI a NASDAQ rock star.

Hope is a good thing for the human mind to have.  Math is a better thing for the human mind to have.

Now, is ICN a panic sell if they can't hit a ridiculous 566X profit multiplier and turn ICNP into a multi-billion dollar fund in under 12 months to feed everybody's totally unrealistic dreams of $0.10 weekly profits per ICN?  Not at all.

ICN IS NOT A PANIC SELL WHEN YOU SUDDENLY REALIZE THE TRUTH ABOUT IT.   IT IS A DEFINITE BUY.

ICONOMI is not aimed at crypto children that don't know enough math to realize when their dreams are ridiculous.  ICONOMI is aimed at traditional fiat investors that currently have WAY WAY WAY more money to invest than the entire total in crypto right now.  And those traditional fiat investors are all crazy starved for income yield since the central banks have collapsed interest rates to zero over the past eight years.  

IF ICONOMI CAN HIT A 3.7X MULTIPLIER FOR ICNP TO BECOME BETTER THAN ANY OTHER NASDAQ DIVIDEND INVESTMENT, TRADITIONAL INVESTORS WILL POUR HUGE AMOUNTS INTO BUYING UP ICN TOKENS TO SECURE THAT DIVIDEND LEVEL FOR THEMSELVES.

Traditional fiat investors do not live in the crypto dream fantasy world of hoping for 566X multipliers on crypto-ICO performance funds.  They live in the real world where they will pour HUGE sums of money into purchasing any investment that can give them a 25% annual return on their money.  

That may be ICN tokens very soon, if ICONOMI can turn $4.6M into $17M during 2017 by investing ICNP funds into startup crypto efforts.

And you certainly should not panic about putting your money into something that could quite easily give you 25% or more return on your investment annually.

I am HODLING.

There's also this:

Actually, to get to Ethereum's current level of success ICN must only go to 0.1257 * 32 = $4.02 each.   This implies a market cap of "only" $400M.

Also, as a mined coin, Ethereum has inflation of 18M ETH per year.  As an unmined token, ICN has 0% inflation forever.   This is a permanent advantage that ICN has over ETH in being priced as a crypto asset.

True... 0% Inflation is another reason why ICN MarketCap will eventually surpass ETH MarketCap.
Another reason why ICONOMI is going to the moon:
ICN total supply of 100million IS FINAL, NEVER GOES UP. 0% Inflation.
ICN Dividends are paid in ETH, not ICN.
Dividends are NOT like Lisk Proof-of-Stake or ETH proof-of-work systems where new coins are added DAILY to Lisk & ETH total supply.
ICN won't suffer from daily dumping by Mining Farms on the Exchanges like ETH & Lisk.






Excellent Mr. Mal!
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Re: | STRATIS | The first blockchain developed for businesses |Full POS
by
cryptobart
on 16/11/2016, 04:43:55 UTC
Tutorial: How to store your Stratis wallet in an uncrackable encrypted file container like a boss

If you have read Stratis weekly 3 you know how to safely store your wallet (read it here: http://stratisplatform.com/2016/11/02/how-to-securely-hold-strat-stratis-weekly-3/)

This is an easy to use basic guide for an extra layer of encryption that can't be cracked by even the best government agencies. For those who want to be extra careful with leaving backups laying around in plain sight, or if you are afraid of losing it while you take a backup with you I suggest you use the open source encryption tool called VeraCrypt (get it here https://veracrypt.codeplex.com)
After installation open the program and click the "Create Volume" button, then create an encrypted file container by pressing "Next".
A Standard VeraCrypt file is very good for creating an uncrackable file so click "Next" again.

Then select the location and filename you want to store it before copying it to various physical or digital places. You can basically use any file format you want for this. As a random suggestion you can name the file "haha.mp3"
Why name it as an .mp3 file? Because nobody will ever expect it to have your precious Stratis coins inside (or other digital gold)

It is strongly adviced to use 3-cascades algorithm like "(AES(Twofish(Serpent))" and as hash algorithm SHA-512 for MAXIMUM security and encryption.
Press "Next" when done. A filesize of 10 MB is more than enough to store multiple cryptocoins inside. Even 1 MB is enough for a backup of the Stratis wallet. Click "Next"

Read the guide in the program for a good password. Now select your password and double type it as confirmation. Click "Next"
Move your mouse as randomly possible within the program to generate an increased cryptographic strength of the encryption key until the red bar turns full into the color green until the end. Press "Format"

Encryption will begin and you will get a message in screen that it was created successful.

How to load the encrypted file container (and store your file in it)
Go back to the VeraCrypt program and select a drive letter. Select the encrypted file "haha.mp3" in this case and click "Mount"

Type your password and select "OK"
It will load the encrypted file container and now you can access the selected drive letter on your computer. Copy your Stratis wallet.dat inside it and after that click "Dismount"

Congratulations! You now have a maximum encrypted wallet as backup that you can store anywhere AND take with you. In case you lose the copy you don't have to worry about it.
And as always make multiple backups and do not forget any password Wink


Thanks for the sharing, really helpful!
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Re: [ANN] ICONOMI - Fund Management Platform
by
cryptobart
on 16/11/2016, 04:33:47 UTC
Why big pump? Only for golem news? Insane pump.  Shocked
It's for launching ICNP and it happens to be golem.
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Board Announcements (Altcoins)
Re: | STRATIS | The first blockchain developed for businesses |Full POS
by
cryptobart
on 12/11/2016, 00:24:43 UTC
professional team, look forward to the launch in the next week! Grin