It was stated that as long as Iconomi have enough funds from ICO money for daily operations, all fees will go to ICN holders.
Once they will burn ICO money, profits will first be used for operational costs and the rest will be paid as dividends.
Since ~80% of ICNP profits go back to Iconomi, I don't expect Iconomi to be short for operational funds any time soon
I missed this. Link?
"How much is distributed as dividends to ICN token holders?
ICN token holders receive everything, after the operational costs of the service operator have been subtracted. Please note that we will be using the capital raised during the ICO for coverage of operational costs and will not participate in profit sharing as long as there are ICO funds left over."
https://ico.iconomi.net/faqThat says they won't participate in profit sharing as long as there are ICO funds remaining.
The wording is ambiguous, but the least favourable interpretation seems to be "there won't be any dividends until the ICO fund runs out". I.e. no profits will be shared until that time.
Can you clear that up at all? How are you reading it?
I don't see anything ambiguous about " Please note that we will be using the capital raised during the ICO for coverage of operational costs and
will not participate in profit sharing as long as there are ICO funds left over"
Profit sharing=dividends
I don't know why we have so much discussion around dividends. There is still time for that.
My point is that it says they will
NOT share profits as long as Iconomi have enough funds from ICO money for daily operations, but you seem to be reading it differently.
If they say they will NOT do something, why are you reading it as the opposite?
It doesn't say "as long as Iconomi have enough funds from ICO money for daily operations, all fees will go to ICN holders", which is what you said.
I am asking you to clarify your interpretation for me.
I will try one more time..
I don't know where you take your point
it says they will NOT share profits as long as Iconomi have enough funds
It is clearly stated in FAQ "we will be using the capital raised during the ICO for coverage of operational costs and
will not participate in profit sharing as long as there are ICO funds left over"
How is that different than "as long as Iconomi have enough funds from ICO money for daily operations, all fees will go to ICN holders"?
