FAQ update 2
Today we are publishing another update to our Frequently Asked Questions.
As we are currently attending the Devcon2 event in Shanghai, you are very welcome to our ICONOMI booth for an in-person chat.
Can you expand on the hardware device you mentioned in your blog post?
The ICONOMI hardware device will be a thumb-drive format device that plugs into a USB port of a printer or computer and enables the user to very easily generate truly random key pairs for all crypto assets supported by ICONOMI. The device will generate one key pair of a public and private key or a 2 out of 3 multi-signature wallet, depending on the user’s choice and token technical capability.
The key pairs are generated as printable JPEG files, making it possible to create genuinely offline wallets (for example with a printer without an internet connection).
Can you expand on the ICONOMI debit card?
The ICONOMI debit card will be a Visa debit card, linked to your share of the ICONOMI investment funds. You will be able to use it on all Visa supported POS terminals and ATMs, enabling you to instantly reduce your share of ownership of the ICONOMI funds, 24/7. When a deduction is made with your ICONOMI debit card, a corresponding amount of your share of the ICONOMI fund(s) will be sold.
As a gesture of appreciation, all ICO participants will have the option to receive an exclusive “ICONOMI Founders’ Club” debit card. The card will be a debit Visa card with an unique design, available free of charge to investors who invested above a certain threshold and with a small fee to cover the shipping costs to all other ICO participants.
How will the expenses transparency be ensured? Will salaries and other expenses be detailed?
The expenses of ICONOMI will be grouped into cohesive groups (for example: legal / marketing / front-end development) and published periodically.
Where does the profit from underlying fund asset appreciation go?
Fund asset appreciation will have fees applied, which go to ICN token holders as dividends.
How will the value of different types of asset be determined for ICN issuance calculation?
Please take a look at our blog post.
Are dividends going to be paid out only as long as ICO money lasts?
No. Dividends are permanent and will be continuously paid out to ICN token holders.
So basically, dividends are the total income subtracted for operating costs, salaries and potential bonuses?
Yes.
If I own 0.01% of the total ICN tokens, will I also own 0.01% of the excess assets over 10,000 BTC?
You will own 0.01% of ICONOMI, which will have assets invested into the ICONOMI.PERFORMANCE fund.
How do we change/update the email address we initially registered with during the ICO?
The ICO email address is not changeable. You will be able to choose a different one when ICONOMI is launched.
Do you plan to sell ICONOMI.INDEX on external exchanges not only on crypto-related exchanges?
Yes. However, this might not be possible immediately after the ICONOMI investment funds are introduced, as cooperation with regulatory bodies is expected to be required in order to bring financial instruments of the new economy to already established markets.
Can you add my Twitter/Facebook bounties to my ICONOMI balance?
Yes — please go here. All bounties will be distributed 1 week after the ICO ends and added to your ICONOMI account.
Do retweets of ICONOMI retweets count towards Twitter bounty, or are only only ICONOMI tweets eligible?
Retweets of ICONOMI retweets count.
Are retweets of replies to ICONOMI tweets considered for bounty calculation?
No.
Are @iconominet mentions considered for bounty calculation?
Yes; however, tweets starting with “@iconominet” DO NOT count.
EXAMPLE OF A MENTION THAT DOES NOT COUNT FOR BOUNTY:
“@iconominet is introducing new financial instruments for the decentralised economy.”
EXAMPLE OF A MENTION THAT DOES COUNT FOR BOUNTY:
“. @iconominet is introducing new financial instruments for the decentralised economy.”
“The @iconominet fund management platform for the decentralised economy has realized another milestone.”
If I want to invest in the ICONOMI.PERFORMANCE fund after the ICO has ended, how do I do this?
To be able to join the ICONOMI.PERFORMANCE fund, an invitation will be needed. A separate ICONOMI.PERFORMANCE subsection will be prepared with instructions on how to invest in the fund.
