And everyone applauding the buyback idea let me share some of my experience with buybacks: OBITSThey buyback and burn every month from generated revenue. Start Nov '15: $0.14 per OBIT March, 28 '17: $0.08 per OBIT after 1 1/2 years of buyback & burn. Your argument is that one buyback program failed in the past, therefore all buyback programs will fail is a weak argument. There are dozens of different variables to consider as well.
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Buybacks are a bad move compared to dividends..
Why on earth would you think so?
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Or in other words, buy now if you like making money
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This potentially frees up the regulation issue for U.S. investors. I am anxious to know if U.S. can now buy ICNX from the platform.
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Normaly, I despise FOMO posts, but in this case.. yes. put your fucking space helmets on.
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There will no longer be dividends, instead Iconomi will buy back ICN on the open market and burn them at a constant rate. If I was HODLING before, I am HODLING double now
That means at least 1000*50 = 50000$ / 0.5 (ICN price) = 100,000 coins will be burned right ? In the second quarter, from what I understand yes. Jani just said on Slack that Q2 2017 will be the last time that 100,000,000 ICN exist. However it is unclear if dividends will still be happening or not.
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Iconomi will buy back ICN on the open market and burn them at a constant rate. If I was HODLING before, I am HODLING double now
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Holy hell. This is a bomb shell. Stay tuned.
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So lets say that index fund consists only of btc and eth...what would the price for 1 icnx be? I still cant wrap my head around that one It would be whatever you set it to be. Let's say you bought your theoretical fund for $1 and BTC and ETH go up 100%. You would now have $2 worth of your fund.
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Here is the article that mentions Iconomi: http://www.cnbc.com/2017/03/27/bitcoin-wobbles-as-traders-turn-to-other-cryptocurrencies-amid-uncertain-future.htmlWhether or not the fork happens is hard to tell, but it may harm bitcoin's brand, according to Jani Valjavec, co-founder of ICONOMI, a digital asset management platform for cryptocurrencies. Valjavec argues the brand is the main thing behind bitcoin's value.
"It has wide acceptance now, real world use cases, it can be a great store of value, and it is currently trusted by the community. Our understanding is that a hard fork, instigated by two parties with very competing interests, will primarily weaken the brand," he told CNBC via email.
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The developers kept 13,000,000 for themselves spread amongst them. They can't be used until a certain date though, which effectively makes the total supply 87,000,000. When they are unlocked the market cap will either drop to accomadate 13,000,000 new coins, or it will rise up and price stays the same. jani explained that when he sent email to coinmarketcap they missread it and after that they were ignoring emails about fixing that problem. Ahh thanks I didn't know that. I made a mistake in my post though, I meant to say that EITHER the price will stay the same and the market cap will rise, OR the market cap will stay the same and the price will lower.
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The developers kept 13,000,000 for themselves spread amongst them. They can't be used until a certain date though, which effectively makes the total supply 87,000,000. When they are unlocked the market cap will either drop to accomadate 13,000,000 new coins, or it will rise up and price stays the same.
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I take a different stance than some in the ICN community in that I WANT ICN listen on big exchanges not because of pumps, but because the increased liquidity would help minimize the impact of a single player affecting the price. A few days ago Mal sold some of his ICN to buy a car and crashed the price like 20%. The price recovered but it took all night.
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Is it going to be possible to buy ICN through the platform in addition to ICNX?
I don't think so. New ICN cannot be created, unlike ICNX.
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Recked. Daparski, take note. Nice detective work. Name and shame these bastards.
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Firstly, that buy order was around $300,000. Not a million. Secondly, it was fake to begin with.
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There is no delay, public access was never planned for Q1. Stop spreading false rumors.
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Project HODL has just tweeted out that they have become beta testers and owners of ICNX. http://hodl.org
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We broke through resistance on strong volume. .00030 is the new support. .00040 is the new resistece.
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So what do you reckon the announcement will be? They make ICNX trading available for all ICO investors perhaps?
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