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You are correct my valuation was off by miles. Thank you for making me revisit the Iconomi website. It had been a while since I looked at the reports and I just read the January AMA. It's worse than I described originally. The didnt make $50k profit they actually lost almost $700k.
The value of the token is derived from:
1. 3% BLX management fee
2. 30% of fees collected from other DAAs
3. 20% of realized CCP. "Realized" is the key word here
So my original post that says 3% of all profits was way off. I dont have time to get into specific numbers but feel free to run them yourselves.
To recap: DAA's = good
ICN token = shit
They have already stated that the ICN token is backed by all the assets of Iconomi, meaning all the btc, eth, lisk and anything else that was collected in the ICO as well as their ICO investments. So your calculation is off by miles because their book value is over $400M which means that their price-to-book ratio is around 0.64 according to IcnHoder.com. That kind of price to book value is rare in the real world and unheard off in the crypto world 
True, people are wary because the ICN token doesn't have any utility apart beeing burnt but that will change soon.
Also as the poster before me stated, the Q4 report always comes out the last day of the month.
My guess would be that it’s because the token has zero utility. The only thing it does is gives you a cut of 3% of the profits of all the DAA’s. Seeing how their Q3 report was abysmal at best it’s no wonder they aren’t releasing Q4.
Think about it, if they post profits of $100M (which seems unlikely anytime soon seeing as how Q3 was $50k), 3% of that would be $3M. Divide that by 99M tokens and you get a massive value of $.03 per token.
There really is no reason for this company to have a token other than trying to get around actually being considered an etf. Invest in the DAA’s just stay away from the token, it’s a waste of your money.
True, people are wary because the ICN token doesn't have any utility apart beeing burnt but that will change soon.Also as the poster before me stated, the Q4 report always comes out the last day of the month.
What I wonder is why the performance of the ICN token is so bad, given the active managment of the fund and their good vetting for promising ICOs. The performance is much lower than just the Top20 Crypto index fund.
My guess would be that it’s because the token has zero utility. The only thing it does is gives you a cut of 3% of the profits of all the DAA’s. Seeing how their Q3 report was abysmal at best it’s no wonder they aren’t releasing Q4.
Think about it, if they post profits of $100M (which seems unlikely anytime soon seeing as how Q3 was $50k), 3% of that would be $3M. Divide that by 99M tokens and you get a massive value of $.03 per token.
There really is no reason for this company to have a token other than trying to get around actually being considered an etf. Invest in the DAA’s just stay away from the token, it’s a waste of your money.
