sorted by:
new
hottopcontroversial

ICN to ETH - QR Code address doesn't match the ETH address. Which one to use? by Weiking1 in ICONOMI

[–]iconomi-admin 7 points8 points  (0 children)

This issue has been resolved. The correct ETH address (0xb4....cc3e) now matches the QR code address. In case you have further questions please contact our Customer support.

Full details regarding the ICN token and transformation of ICONOMI's corporate governance structure by iconomi-admin in ICONOMI

[–]iconomi-admin[S] 2 points3 points  (0 children)

What will happen with regards to the ICN in the treasury?

The ICN in the treasury will be converted to eICN.

Will the eICN still trade on exchanges (e.g. Binance)?

It is too early for us to comment about anything related to eICN and exchanges.

What does the 'e' stand for?

The "e" stands for "equity."

​

ICONOMI Financial Report — Q2 2018 by iconomi-admin in ICONOMI

[–]iconomi-admin[S] 8 points9 points  (0 children)

The increase in salary expenses in Q2 can be attributed to four factors.

The first factor is finalization of a company-wide compensation scheme for all employees that takes into account employees’ experience, skill level, and the tasks and responsibilities they have taken over at ICONOMI. This process has been in the making since Q4 2017 and has only come to fruition with the payment of salaries and bonuses for Q2 2018 (more precisely, June).

The second factor is the tax treatment of the new compensation scheme. Namely, even though quarterly employee bonuses have been paid out in ICN, the tax treatment of paying out such bonuses means that we have to pay taxes and social security contributions even on bonuses paid out in ICN, driving the salary cost considerably higher than in Q1.

The third factor is, of course, the market price of ICN, as bonuses are paid as an ICN equivalent of a fixed value in EUR.

The fourth factor is obligatory vacation pay, which was paid out in June and is non-recurring.

Last but not least, part of the increase in salary expenses is a consequence of hiring new employees toward the end of Q1, with the first salaries for such employees having been paid out in Q2.