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October 06, 2016, 06:34:03 PM
Last edit: October 06, 2016, 06:48:34 PM by Daparski |
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Hi all and @Iconomi team,
After reading thoroughly the related questions and answer from Jaka from the slack channel in regards to the performance fund money raised.
here is the answer from Jaka (thanks a lot for the efforts, it looked like a very busy evening there):
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regarding your question "Will ICN holders OWN the performance fund and profit from any gains according to there share of ICN tokens? " and all related questions
... Answer is "not own, but profit from it"... How? We all are investors into ICONOMI, and if ICONOMI invests its assets and benefits from it, then value of ICONOMI goes up
Lets illustrate.. if we would end ICO with $10M of raised capital, and you invested $1M (remember, 15% is reserved for founders/iconomi team, and 85% of ICN tokens are for investors, proportionally to size of their investment), that means that of 100M ICN tokens, you would get 8,5 million ((100M*0.85)*(1M/10M)). So you would be 8,5% owner of ICONOMI.
Now, ICONOMI can either sit on the money, or make the most out of it by investing. We could invest into bonds or stocks or put money in the bank account but since we believe in decentralized economy, and are preparing our own investment vehicle for it, it is most logically to invest into our own vehicle (ICONOMI.PERFORMANCE fund). But from investors/shareholders point of view it is (almost) irrelevant. If investments will be profitable, then value of ICONOMI will rise and ICNs will be consequently worth more. Investors would benefit with ICN price going up, and additionally from: a) the maintenance fees that funds are paying to ICONOMI, b) when funds make profit by liquidating an investment, ICONOMI gets a performance fee.
So to illustrate further Shareholder of ICONOMI with 8,5% share, would be entitled for 8,5% of all these profits in form of dividends. And besides that his ICN dollar value would go up, since ICONOMI would be a profitable company.
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Here is what I don't understand: The 10,000 BTC cap was set for funding the platform development and operational costs. Everything else goes to seed the .performance fund, which means that every ICO participant had actively invested a relative proportion of his investment into a fund called .performance fund - so why that money is LOCKED there? Does it mean that investing in future active managed funds will lock the investors money for good and they will only get prfits?? It does not make sense to me.
I personally thought that we will have an exit option of the .performance fund - after all we directly invested money into it
What am I missing here?
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