[ANN] ICONOMI - Fund Management Platform

[ICONOMI]

I was away from BTT today. I checked what was going on just now and I'll give a brief overview of today's happening.

First an answers to the question that kind of repeated a few times:
- option to remove eth address on ICO ICONOMI will be deployed tomorrow (Friday). I saw few questions regarding that. Till now, we were doing that manually. From now on, you'll have that option available in UI directly.

If there was anything else important I missed, please readdress, I'll check and answer when I wake up (I'm taking some sleep after hitting submit button).


We announced to have test-it ICN contract up today on mainnet. There was no way do deploy our contract. That's why, there is no test-it ICN contract yet.
This is technical explanation, therefore I would ask all google translate guys (gtgs) and trolls to refrain from commenting.

Gas limit is at 1.5m. Our contract takes ~0.8m gas. Most of blocks are empty, and rarely any block is full or half full.
Obvious question here is "what's the problem then".
As it turns out, the problem is with the ETH network attack which is done in a pretty smart way.
It doesn't cost attacker any ETH, but ti does cause network from effectively mining just a few transactions.

Miners now actually favour mining empty blocks! Funny thing, because they earn fee from mined transactions in mined block. Catch is that they don't know which transaction is which until they process particular transaction. And if they are processing attacker's transaction it can take 4-6s before they process it. That is over 1/3 of block time. Effectively in that time, another miner mining empty pool is more likely to find a block first and take 5 ETH block reward. While miner that accidentally hit on an attacker's transaction lost valuable time and most likely missed the block and full reward or fall out of sync. Ethereum does have orphan blocks, with reward 1/32 (correct me if I'm wrong). Economical logic here is to mine empty blocks or your own transactions only (because you know they are "healthy" - we saw that today too).

With that in mind, we were not able to deploy 800k gas contract onto the mainnet. We got in touch with 2 local mining teams if they could help us and we'll see if we can do something about that tomorrow.

However, even when contract is mined we'll still need to assign ICN tokens in test-it ICN contract to addresses, which might take additional time. In ideal situation that would be ~90 full blocks in a row. Unfortunately situation is not ideal at the moment.

We hope to get test-it ICN contract deployed and addresses assigned asap.
However, seems like hard fork is happening in roughly 80 hours. Release of real ICN tokens with that in mind will for sure happen after hard fork when situation calms down. Absolutely no need to risk few days for no reason. We're together on a long long journey that is just starting.


Patience is virtue.

[MrPresident]

Thanks TEAM Iconomi!
No sense in having "ICN Classic" on the "ETH Classic II" chain a day after launch anyways, haha

[ICONOMI]

when do we get the 1 ICNX or what ever it's called to test the stuff? i added my etherum address to the ICO page in time. do i have to do anything?

It's called t-ICN. t as test.

It will be up and address announced once we deploy it. Read 2 posts above for full explanation.

[Frosxh]

@ICONOMI is there any chance you would use different platform if ETH network don't stablised on the target date of launch? will it take another extension if you shift to another platform?

[SanFrancisco]

when do we get the 1 ICNX or what ever it's called to test the stuff? i added my etherum address to the ICO page in time. do i have to do anything?

It's called t-ICN. t as test.

It will be up and address announced once we deploy it. Read 2 posts above for full explanation.

thanks for the information. can't wait to see how this will work. i am new to crypto and never used ethereum before.

[mia_houston]

anyone can help me out my problems ? i can't Log in to my account because not recieved Authentication code in my phone.I also to Telegram but still not response yet.

Thanks in advance

[MrPresident]

anyone can help me out my problems ? i can't Log in to my account because not recieved Authentication code in my phone.I also to Telegram but still not response yet.

Thanks in advance

For Customer Support
support@iconomi.net

[brjameng]

I was away from BTT today. I checked what was going on just now and I'll give a brief overview of today's happening.

First an answers to the question that kind of repeated a few times:
- option to remove eth address on ICO ICONOMI will be deployed tomorrow (Friday). I saw few questions regarding that. Till now, we were doing that manually. From now on, you'll have that option available in UI directly.

If there was anything else important I missed, please readdress, I'll check and answer when I wake up (I'm taking some sleep after hitting submit button).


We announced to have test-it ICN contract up today on mainnet. There was no way do deploy our contract. That's why, there is no test-it ICN contract yet.
This is technical explanation, therefore I would ask all google translate guys (gtgs) and trolls to refrain from commenting.

Gas limit is at 1.5m. Our contract takes ~0.8m gas. Most of blocks are empty, and rarely any block is full or half full.
Obvious question here is "what's the problem then".
As it turns out, the problem is with the ETH network attack which is done in a pretty smart way.
It doesn't cost attacker any ETH, but ti does cause network from effectively mining just a few transactions.

Miners now actually favour mining empty blocks! Funny thing, because they earn fee from mined transactions in mined block. Catch is that they don't know which transaction is which until they process particular transaction. And if they are processing attacker's transaction it can take 4-6s before they process it. That is over 1/3 of block time. Effectively in that time, another miner mining empty pool is more likely to find a block first and take 5 ETH block reward. While miner that accidentally hit on an attacker's transaction lost valuable time and most likely missed the block and full reward or fall out of sync. Ethereum does have orphan blocks, with reward 1/32 (correct me if I'm wrong). Economical logic here is to mine empty blocks or your own transactions only (because you know they are "healthy" - we saw that today too).

With that in mind, we were not able to deploy 800k gas contract onto the mainnet. We got in touch with 2 local mining teams if they could help us and we'll see if we can do something about that tomorrow.

However, even when contract is mined we'll still need to assign ICN tokens in test-it ICN contract to addresses, which might take additional time. In ideal situation that would be ~90 full blocks in a row. Unfortunately situation is not ideal at the moment.

We hope to get test-it ICN contract deployed and addresses assigned asap.
However, seems like hard fork is happening in roughly 80 hours. Release of real ICN tokens with that in mind will for sure happen after hard fork when situation calms down. Absolutely no need to risk few days for no reason. We're together on a long long journey that is just starting.


Patience is virtue.

can not wait Iconomi for launch
hopefully soon

[mia_houston]

anyone can help me out my problems ? i can't Log in to my account because not recieved Authentication code in my phone.I also to Telegram but still not response yet.

Thanks in advance

For Customer Support
support@iconomi.net

Thanks you mate I'll sent a email soon

[5thangel]

it's so ridiculous to read posts about Fundonomy ..  (really bad bad copy of ICONOMI) looks like iconomy did manage to get well-known around before even start trading tokens yet,wee should admit bounty did the good job as well (except bots)

[becauseI]

Too bad I missed this ICO.

You can buy on www.Liqui.io

[5thangel]

I was away from BTT today. I checked what was going on just now and I'll give a brief overview of today's happening.

First an answers to the question that kind of repeated a few times:
- option to remove eth address on ICO ICONOMI will be deployed tomorrow (Friday). I saw few questions regarding that. Till now, we were doing that manually. From now on, you'll have that option available in UI directly.

If there was anything else important I missed, please readdress, I'll check and answer when I wake up (I'm taking some sleep after hitting submit button).


We announced to have test-it ICN contract up today on mainnet. There was no way do deploy our contract. That's why, there is no test-it ICN contract yet.
This is technical explanation, therefore I would ask all google translate guys (gtgs) and trolls to refrain from commenting.

Gas limit is at 1.5m. Our contract takes ~0.8m gas. Most of blocks are empty, and rarely any block is full or half full.
Obvious question here is "what's the problem then".
As it turns out, the problem is with the ETH network attack which is done in a pretty smart way.
It doesn't cost attacker any ETH, but ti does cause network from effectively mining just a few transactions.

Miners now actually favour mining empty blocks! Funny thing, because they earn fee from mined transactions in mined block. Catch is that they don't know which transaction is which until they process particular transaction. And if they are processing attacker's transaction it can take 4-6s before they process it. That is over 1/3 of block time. Effectively in that time, another miner mining empty pool is more likely to find a block first and take 5 ETH block reward. While miner that accidentally hit on an attacker's transaction lost valuable time and most likely missed the block and full reward or fall out of sync. Ethereum does have orphan blocks, with reward 1/32 (correct me if I'm wrong). Economical logic here is to mine empty blocks or your own transactions only (because you know they are "healthy" - we saw that today too).

With that in mind, we were not able to deploy 800k gas contract onto the mainnet. We got in touch with 2 local mining teams if they could help us and we'll see if we can do something about that tomorrow.

However, even when contract is mined we'll still need to assign ICN tokens in test-it ICN contract to addresses, which might take additional time. In ideal situation that would be ~90 full blocks in a row. Unfortunately situation is not ideal at the moment.

We hope to get test-it ICN contract deployed and addresses assigned asap.
However, seems like hard fork is happening in roughly 80 hours. Release of real ICN tokens with that in mind will for sure happen after hard fork when situation calms down. Absolutely no need to risk few days for no reason. We're together on a long long journey that is just starting.


Patience is virtue.

nice to be able to remove eth address now , thanks iconomi.Got mine removed just now

[chikiuso]

Too bad I missed this ICO.

You can buy on www.Liqui.io

liqui shill, please stop, this is not real icn, it is IOU tokens, not official icn.

[5thangel]

Too bad I missed this ICO.

You can buy on www.Liqui.io

liqui shill, please stop, this is not real icn, it is IOU tokens, not official icn.

its look like they going to get 135K of ICN tokens from iconomi ico

[BitBanksy]

Patience is virtue.

Thanks for the update ICONOMI

Here is a fitting one: "Patience, persistence and perspiration make an unbeatable combination for success."

[Daparski]

Hi to all people that even think to deposit into this Liqui

If you deposit more than 1 satoshi there before:
1. Team shows a proof of FINAL ICN balance
2. Team shows a proof that they have less IOUs than final amount of ICNs
3. You actually believe to get real tokens for that thing called IOU
you are asking for trouble, and don't cry when things go south later on

so far, despite few attempts, team and his shill members are ignoring those points

I had enough of their posts around here

[BitBanksy]

You gotta be f----' wit us. That has been answered at LEAST 100 times, and you are a hero member   

Every one is a hero... in his own mind

So a Hero is supposed to know everything hmmm does it mean I am barred from asking questions here?

No one is barred from asking questions but a hero member asking a newbie like question doesn't look right... Remember that in this world, everyone tend to judge a man by his questions rather than by his answers.

Unfortunately, the seniority system on BTT is based on the number of post a user makes, not on the relevancy & usefulness.... and that is a real pity.

95% questions in this thread could be avoided if people would simply take the time to read the whitepaper, website & official blog.

[Daparski]

You gotta be f----' wit us. That has been answered at LEAST 100 times, and you are a hero member   

Every one is a hero... in his own mind

So a Hero is supposed to know everything hmmm does it mean I am barred from asking questions here?

No one is barred from asking questions but a hero member asking a newbie like question doesn't look right... Remember that in this world, everyone tend to judge a man by his questions rather than by his answers.

Unfortunately, the seniority system on BTT is based on the number of post a user makes, not on the relevancy & usefulness and that is a real pity.

95% questions in this thread could be avoided if people would simply take the time to read the whitepaper, website & official blog.

that is why I suggested to move the discussion to reddit

[MrPresident]

I could have just answered the question or ignored it, sry guys, I apologize
free lambos for everyone

[electronicash]

Just got my eth address removed as well. what happens if we didn't remove it?  Attackers just won't stop ETH when its here to stay. and will stay for as long as people use it.

Hi to all people that even think to deposit into this Liqui

If you deposit more than 1 satoshi there before:
1. Team shows a proof of FINAL ICN balance
2. Team shows a proof that they have less IOUs than final amount of ICNs
3. You actually believe to get real tokens for that thing called IOU
you are asking for trouble, and don't cry when things go south later on

so far, despite few attempts, team and his shill members are ignoring those points

I had enough of their posts around here

its their choice so yeah hope they really get their ICN.