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Author Topic: ICONOMI - Live for today. Invest for tomorrow.  (Read 550517 times)
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fudster
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August 29, 2017, 01:50:22 AM
 #7301

Quote
It's better than dividens... 20% of all money that it's going into platform will be used to buy ICN, so Iconomi will have constantly demand from their platform Smiley

After burning all the "ICN" tokens except yours.  Shocked
imagine that you are the only person who have the last icn token in the world,
and the platform is obliged to buy  it from you(it will provide 20% ( may be millions of dollars) from its net earning.) to complete the task of burning .
logically you will be a very very very rich person.
so the patience is the only key that open this treasure.  Cheesy



But why would they buy ICN when there is no use having it? There is no specific use of the token which could make it valuable, its not like ETH that you need every time you want to send an ERC token. ICN is just nothing but a coin. You can expect a demand for it.

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Deborah
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August 29, 2017, 01:52:31 AM
 #7302

The current price is not an accurate reflection of the ICN. The only thing that needs to be explained is the token use case. The market returns to normal
LaBlanj
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August 29, 2017, 02:07:08 AM
 #7303

The current price is not an accurate reflection of the ICN. The only thing that needs to be explained is the token use case. The market returns to normal
thats right. iconomi team is professional imo and they will do something about the point, i ll hodl ICNs




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Crypto_Jay_99
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August 29, 2017, 08:16:49 AM
 #7304

I'm wondering if the buyback will really affect ICN prices...
I'd rather see them distributing 5 or 10% of their profits to ICN holders as a dividend.
They could use the money to buy extra coins, put that into BLX and distribute BLX tokens to the ICN holder.
Those could then choose to sell BLX or HODL and let it grow... This would be a much more reliable income stream for the initial investors. The ICN price would be supported as well (nice dividends).

Seems like they don't have anybody working atm on sales or marketing: https://www.iconomi.net/about. This probably explains why the coin is sinking...
Probably a good idea to hire ASAP...

I think they are probably still negotiating with different stakeholders (mainly the "fund manager" candidates) on the use of the ICN token.

The platform seems to be stable, their index (BLX) is performing well... So the company seems to have a nice head start on the competition.
I'm still optimistic about ICN. Let's hope that once they start their true marketing campaign, the coin will take off. Remember that the current team also reserved a pretty high % of ICN tokens for themselves. So in the long term they'll profit from higher ICN prices as well. October 2018 they'll receive all ICNs: https://iconomi.zendesk.com/hc/en-us/articles/115002851065-ICN-token. Up till then, it's probably in their own interest to keep prices low (cheaper for the company to buy back), and the devs might even buy in more themselves...

Verdict: HODL


B!gSmoke
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August 29, 2017, 09:02:04 AM
 #7305

Mendeelev bro, did dapa already tell you the good news Huh Grin
GRR
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August 29, 2017, 09:39:45 AM
 #7306

So I think about investing heavily. What uses do tokens have and when will the downward spiral bottom out?
PikachuYou
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August 29, 2017, 09:44:22 AM
 #7307

So I think about investing heavily. What uses do tokens have and when will the downward spiral bottom out?

You thinking about "investing heavily" and you're asking for advice from a bunch of trolls?

Let me consult my crystal ball....

The downward spiral will end exactly when you stop being a fucking moron.....
GRR
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August 29, 2017, 10:13:12 AM
 #7308

So I think about investing heavily. What uses do tokens have and when will the downward spiral bottom out?

You thinking about "investing heavily" and you're asking for advice from a bunch of trolls?

Let me consult my crystal ball....

The downward spiral will end exactly when you stop being a fucking moron.....

You mad? Also no answer what actual uses icn tokens have.
Daparski
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August 29, 2017, 10:21:19 AM
 #7309

Mendeelev bro, did dapa already tell you the good news Huh Grin

Who? Me?
 Shocked
mortare
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August 29, 2017, 10:36:57 AM
 #7310

Are there any benefits of holding ICN on the platform over an exchange? (apart from the risk of holding wealth on an exchange ofcourse..)

I'm not really comfortable with the verification method on the platform so I'm thinking of withdrawing all before the deadline..

Anyone can answer this?

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Daparski
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August 29, 2017, 11:29:30 AM
 #7311

Are there any benefits of holding ICN on the platform over an exchange? (apart from the risk of holding wealth on an exchange ofcourse..)

I'm not really comfortable with the verification method on the platform so I'm thinking of withdrawing all before the deadline..

Anyone can answer this?

No benefits. If you are comfortable with your own security, it's always better to have full control over your funds
Mendeleev
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August 29, 2017, 12:13:22 PM
 #7312

Mendeelev bro, did dapa already tell you the good news Huh Grin

Who? Me?
 Shocked

You two are having a baby together?

... what good news?
spendawgs
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August 29, 2017, 12:44:46 PM
 #7313

Everybody enjoying their lambos?  Grin
...

Haha pretty much hey. M'leev man do ypu recon MoveCrypto dumped? Havmt seen his name in ages

Did he... Move his Crypto?

Dunno. I noticed his absence too. Maybe he still talks in the slack?



I noticed he disappeared around the time that guy running the darknet site AlphaBay got busted in Thailand. Imagine if it was him that whole time lol

Woof woof!!
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August 29, 2017, 01:02:08 PM
 #7314

I'm wondering if the buyback will really affect ICN prices...
I'd rather see them distributing 5 or 10% of their profits to ICN holders as a dividend.
They could use the money to buy extra coins, put that into BLX and distribute BLX tokens to the ICN holder.
Those could then choose to sell BLX or HODL and let it grow... This would be a much more reliable income stream for the initial investors. The ICN price would be supported as well (nice dividends).

Seems like they don't have anybody working atm on sales or marketing: https://www.iconomi.net/about. This probably explains why the coin is sinking...
Probably a good idea to hire ASAP...

I think they are probably still negotiating with different stakeholders (mainly the "fund manager" candidates) on the use of the ICN token.

The platform seems to be stable, their index (BLX) is performing well... So the company seems to have a nice head start on the competition.
I'm still optimistic about ICN. Let's hope that once they start their true marketing campaign, the coin will take off. Remember that the current team also reserved a pretty high % of ICN tokens for themselves. So in the long term they'll profit from higher ICN prices as well. October 2018 they'll receive all ICNs: https://iconomi.zendesk.com/hc/en-us/articles/115002851065-ICN-token. Up till then, it's probably in their own interest to keep prices low (cheaper for the company to buy back), and the devs might even buy in more themselves...

Verdict: HODL






So you propose that the original ICO investors profit from the success of other crypto projects rather than the success of ICONOMI?
Be patient ICN will fricken boom. All in good time.

Oh and..
CONGRATS To Dapa and Smoke on their pregnancy. Such great news im so happy for you guys.  Smiley

Woof woof!!
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August 29, 2017, 01:11:06 PM
 #7315

So I think about investing heavily. What uses do tokens have and when will the downward spiral bottom out?

How did you come upon the decision to invest heavily without having a basic understanding of the token ?

Is this how you typically decide to invest ?


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RayX12
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August 29, 2017, 01:26:40 PM
 #7316

Not so clear to to me.  I go to Toke Balance and select Iconomi

I get a list of 9 events of aprox 31 days ago?  Is this the list of burned tokens?

...

Yes, that's right.

On that page, each of those transactions is a number of tokens being burned, and how many days ago. So you see they all happened around 32 days ago.

The total is at the top left:

Token Balance:   99,650.14309133333 ICN


Thanks.  I assume there is some delay between buying the coins in the market and burning them.  Or would this contract allow to buy the coins and instantaneously burn them.
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August 29, 2017, 01:42:43 PM
 #7317

Not so clear to to me.  I go to Toke Balance and select Iconomi

I get a list of 9 events of aprox 31 days ago?  Is this the list of burned tokens?

...

Yes, that's right.

On that page, each of those transactions is a number of tokens being burned, and how many days ago. So you see they all happened around 32 days ago.

The total is at the top left:

Token Balance:   99,650.14309133333 ICN


Thanks.  I assume there is some delay between buying the coins in the market and burning them.  Or would this contract allow to buy the coins and instantaneously burn them.

They are sent there manually at the end of each buyback period, so there will be a delay. The contract only functions as a black hole.
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August 29, 2017, 02:01:23 PM
 #7318

Not so clear to to me.  I go to Toke Balance and select Iconomi

I get a list of 9 events of aprox 31 days ago?  Is this the list of burned tokens?

...

Yes, that's right.

On that page, each of those transactions is a number of tokens being burned, and how many days ago. So you see they all happened around 32 days ago.

The total is at the top left:

Token Balance:   99,650.14309133333 ICN


Thanks.  I assume there is some delay between buying the coins in the market and burning them.  Or would this contract allow to buy the coins and instantaneously burn them.

They are sent there manually at the end of each buyback period, so there will be a delay. The contract only functions as a black hole.


So unfortunately there is no TRANSPARENCY on when and how the buy backs were executed..  sigh!   Cry Cry Cry Cry
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August 29, 2017, 02:10:54 PM
 #7319

What is happening nowadays?? Can somebody explain to me plz?? I bought a lot!! @0.0014btc now it's 0.0005!!
Was it scam???
Are there something wrong with ICN?
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August 29, 2017, 03:11:42 PM
 #7320

What is happening nowadays?? Can somebody explain to me plz?? I bought a lot!! @0.0014btc now it's 0.0005!!
Was it scam???
Are there something wrong with ICN?

Nope, you just bought at a pump. Wait 1-2 months and u will see better price.
I bought ICN at 10cents in December and now going to buy some more at 0.0005 Wink
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