ICONOMI - Live for today. Invest for tomorrow.

[MalReynolds]

ICONOMI...CREATING VALUE IN THE NEW ECONOMY SINCE 2017

[favdesu]

New blog post


ICONOMI introduces Repayment Programme

https://medium.com/iconominet/iconomi-introduces-repayment-programme-54bfa449d458

are you kidding? please honor the ICO terms, and payout dividends in ETH.

[XbladeX]

I wrote that once they go for buybacks it is game over... for dumpers hahahahahhaa....
okay if price of ICN inflate to 500m$ market cap it will be hard to pump guys.

And now your wet dream of Polo MEGA pump comes true no dividend token no problems with listing everywhere and with regulators too.
BUYback are HOT. Investors loves buybacks.

New blog post


ICONOMI introduces Repayment Programme

https://medium.com/iconominet/iconomi-introduces-repayment-programme-54bfa449d458

are you kidding? please honor the ICO terms, and payout dividends in ETH.

i think that Buyback are better for your return at end.
Dividends would hurt ICN market with liqudity if you go fo closer look.
when dividend comes all moves ICN from exchange couse problems...
AND exchanges as the one who CONTRIBIUTED "WHOLE 0" eats vast of profits.
I uderstand your pain but i think that will be better option for REAL investors at end.

[favdesu]

And everyone applauding the buyback idea let me share some of my experience with buybacks:

OBITS

They 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.

[XbladeX]

***
Start Nov '15: $0.14 per OBIT
March, 28 '17: $0.08 per OBIT
***

they wrote:

Conclusion from first successful buyback

    More than $5,000 was involved in the buyback.
    Price growth of OBITS on buyback day was more than 40%
    Initial OBITS price at launch was $0.045 (4.5 cents)
    OBITS price at the end of buyback was $0.105 (10.5 cents)
    Current OBITS price is around $0.075-0.085 (7.5-8.5 cents)

// this is bitshares2.0 i got fucked once by them  i say F U all bit-shares projects today all are DEEP SHIT

I can add you one thing we have now about 5000 users (3000 on ICONOMI site)
imagine that cost of sending weekly dividends is RISING:
5000x0,05$ (0.001f ETH) = 250$ burned weekly if people will keep multiple accounts it will be much more costly.
if ETH rise 5x more cost will be 2500$  and INVETORS lose that value/money.
Buyback is most efficient way to distrybiute wealth.

I always told people here to be aware of dumping because ICONOMI can go with buyback and dumped will be end without pants

PS: This is great way to avoid rising costs of  ETH dividend sending. / just think about it.

[TIDOVEE]

who just made that pump? 60k sat in less than 1hr. now i guess it is going back to 42k. why not make it the steady stroll

[Enjorlas]

And everyone applauding the buyback idea let me share some of my experience with buybacks:

OBITS

They 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.

[XbladeX]

who just made that pump? 60k sat in less than 1hr. now i guess it is going back to 42k. why not make it the steady stroll

Haven't you notices they they will do buybacks insted of dividends ? ALL INCOME GOES TO ICN VALUE...
they have about 8000BTC to make ICN pump now...
Just think criticaly about it 60000sat is low BRO really.
THEY WILL BLOW HERE at least 8000BTC from ICO + profits so i don think that 60k is pump.
Pump you will see soon.

[xtyling]

Looks like the news of the buyback is appeciated by the community. The price rise says it all!

[cabron]

It looks good. I'm gonna site back and watch the marketcap goes more than 60Million in the next days. If I have the money I would really be enjoying watching the charts and my money grow. If bitcoin grows along with the splitted blockchain, ICN should also grow.  Congratulation team.

[Mendeleev]

Well I have been holding ICN for quite some time, but after these news, there is simply no incentive to hold ICN long term and now it's on its way to become another pump and dump (not coin) asset. Basically, after these news, it's not even an asset when I think about it.

Changing the fundamental characteristic of the entire business mid-flight is very very very bad sign. It was obvious from the beginning, that dividens might be problematic, but it took X months to figure it out? Nah. Also, what incentive is there for big investors now? Not much.

My opinion is shared here in the top voted comment - https://www.reddit.com/r/ICONOMI/comments/620clj/iconomi_introduces_repayment_programme/  It wasn't written by me, but I relate to it 100%.

Anyways, good luck to those of you still holding, there's plenty of money to be made for sure, but there are better opportunities out there, especially now with bear market. I may regret this eventually, but at the moment I believe it's a correct decision.

Good luck all of you!

Agreed. I've had enough of these jokers not sticking to what they say, and constantly changing fundamental parts of the business.

I see no reason to applaud this move. If people around here see it is a positive change, then I'm happy for them, and wish you all luck.

Personally, I don't like being dicked around this much, and I see this as my exit point.

As Nargil says, there's still money to be made, but I'll be taking my money elsewhere. I've made some profit on ICN, so it's all good.

I might buy some ICNX if/when the platform goes live, of course.

Good luck everyone!

[MalReynolds]

Bad news to those who will or did not get on board in time, this shuttle is reaching ESCAPE VELOCITY as I write this message, that means there is no way to get back to earth anymore, those old time where you could buy 1 ICN below 100$ are gone.

Game Over, Thank You very much my friends.

Congratulations to hodlers and supporters.

Many people are not online and their sell walls are going down incredibly quickly, very sad, I can feel their pain as they go back online to read what is going on.
And this beautiful 2 pizzas car, from yesterday, would be a ferrari in two weeks, my sincere condolences...

Sigh.  I think you are right.

[bitcoinsay]

***
Start Nov '15: $0.14 per OBIT
March, 28 '17: $0.08 per OBIT
***

they wrote:

Conclusion from first successful buyback

    More than $5,000 was involved in the buyback.
    Price growth of OBITS on buyback day was more than 40%
    Initial OBITS price at launch was $0.045 (4.5 cents)
    OBITS price at the end of buyback was $0.105 (10.5 cents)
    Current OBITS price is around $0.075-0.085 (7.5-8.5 cents)

// this is bitshares2.0 i got fucked once by them  i say F U all bit-shares projects today all are DEEP SHIT

I can add you one thing we have now about 5000 users (3000 on ICONOMI site)
imagine that cost of sending weekly dividends is RISING:
5000x0,05$ (0.001f ETH) = 250$ burned weekly if people will keep multiple accounts it will be much more costly.
if ETH rise 5x more cost will be 2500$  and INVETORS lose that value/money.
Buyback is most efficient way to distrybiute wealth.

I always told people here to be aware of dumping because ICONOMI can go with buyback and dumped will be end without pants

PS: This is great way to avoid rising costs of  ETH dividend sending. / just think about it.

İconomi so great coin and so good team.

[aidia]

This is amazing news for ICN holders!

[andron8383]

***
I see no reason to applaud this move.
***
Good luck everyone!

There is few reasons:
1) to pay weekly dividends you need pay HIGH FEE like 50 ETH today it will rise with eth price
2) paying dividends you send money to lost accounts too
3) paying dividends you send money to exchanges BIG money for NOTHING it hurts investors
4) legal problems with paying dividends
5) someday exchange want delist token because law can change in favor classic tokens like in JAPAN there you can not trade "company share tokens"
6) weekly dividends would HURT market with loosing liquidity / traders would avoid playing with ICN
7) with buybacks more MONEY will add value to ICN price than just dividends no profit is lost.
8 ) ICN go for POLO now..
9) 8000BTC+ will be directly invested into ICN


Of course there are "-" too.

PS: Which token you would keep dividend or buyback ? Buyback one will have higher value IMO

[equator]

This is amazing news for ICN holders!

We cannot tell whether this move is good or no, because this move is in favour of ICN only but for holders they wont get dividend if they plan to cancell it in future.

[cabron]

Time to accumulate, they are trying to get more but its good to see price drops a bit giving you guys a change to rise the train.

***
I see no reason to applaud this move.
***
Good luck everyone!

There is few reasons:
1) to pay weekly dividends you need pay HIGH FEE like 50 ETH today it will rise with eth price
2) paying dividends you send money to lost accounts too
3) paying dividends you send money to exchanges BIG money for NOTHING it hurts investors
4) legal problems with paying dividends
5) someday exchange want delist token because law can change in favor classic tokens like in JAPAN there you can not trade "company share tokens"
6) weekly dividends would HURT market with loosing liquidity / traders would avoid playing with ICN
7) with buybacks more MONEY will add value to ICN price than just dividends no profit is lost.
8 ) ICN go for POLO now..
9) 8000BTC+ will be directly invested into ICN


Of course there are "-" too.

PS: Which token you would keep dividend or buyback ? Buyback one will have higher value IMO

Polo it is! Once its listed on polo, the volume will be much more than what it has in liqui and kraken roll to one. The higher its chances to have a value of more than $2 each ICN

[taipei]

All who want to leave, to go out the door in an orderly way.

A pleasure to sail together all this time. I don't know where they intend to embark, but I will not follow them.

Ciao Bambinos !!   

[andron8383]

***
We cannot tell whether this move is good or no, because this move is in favour of ICN only but for holders they wont get dividend if they plan to cancell it in future.

Buyback gives more + for ICN holders/investors because you not waste any money to lost ICN dead accounts, you avoid paying dividends to exchanges, you avoid paying high ETH fees, you give reat reason for investors to buy ICNs. Buyback is most efficient way to distribute  wealth.

[xtyling]

This is amazing news for ICN holders!

We cannot tell whether this move is good or no, because this move is in favour of ICN only but for holders they wont get dividend if they plan to cancell it in future.

If holders want to cancel in future. They just have to sell their coins and take the profits. Burned coins will make the market vlaue higher for remaining ones