ICONOMI - Live for today. Invest for tomorrow.

[xtyling]

Those who want to sell please do it now. So we can have a higher amount of coins to burn

[1714033916]

1714033916

[andron8383]

Those who want to sell please do it now. So we can have a higher amount of coins to burn

agree best time to dump all ICN is now and they can forget about that epic Polo pump,
I will keep my ICN for now.
Buyback won't help if polo pumpers will pump ICN to 1 billion market cap , but who will care then anyway from early investors.

[ShinyDiscoBalls]

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.

IDIOT

FUCKING IDIOT

SELL ALREADY AND GO PISS IN THE WIND

[The Crypto Baron]

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

^  This.  It's effectively just a dividend reinvestment program to save them (and us all) distribution costs.  It's a great idea.

Repurchased and burned coins has an absolutely identical impact as someone who invests in something with a dividend reinvestment program by reducing the total float.

[petricag]

Epic ... first they said ICN will be available on major exchanges ... it got only on Kraken and Liqui.
Then the hole dividend thing that was the strongest selling point just got down the toilet.
If I am not mistaking those 6 months after which the dev team can use their 13 mil ICN is approaching ... so finally we'll see ICN on Polo for a final pump and dump. Still I can't believe some one is crazy enough to buy at these levels in a project that just changed major idea and its about to have 13 mil ICN available to be dumped.

[andron8383]

Epic ... first they said ICN will be available on major exchanges ... it got only on Kraken and Liqui.
Then the hole dividend thing that was the strongest selling point just got down the toilet.
If I am not mistaking those 6 months after which the dev team can use their 13 mil ICN is approaching ... so finally we'll see ICN on Polo for a final pump and dump. Still I can't believe some one is crazy enough to buy at these levels in a project that just changed major idea and its about to have 13 mil ICN available to be dumped.

hey but that major change makes INVESTORs more happy than before.
If you want sell it now then do it and come back when they will using those 8000BTC into buyback burn over time.
For me buyback is much better than not efficient dividend. Why we should send like 10% profit to exchange owner ?

Oh come one if they really want they can TODAY put 8000BTC buy wall and eat all those 13m ICN and even with that it will left more money.

[MoveCrypto]

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!

The fundamentals are still the same, ICN holders receive the revenue from Iconomi platform

They changed to a more efficient method of distributing this revenue, that's all.

Probably a lot of people sold at 50k+ satoshi and will now start fud campaigning to try to buy back lower just like what happened about 2 months ago in February with the SEC fud campaign.

[petricag]

Oh come one if they really want they can TODAY put 8000BTC buy wall and eat all those 13m ICN and even with that it will left more money.

I thought those 8000 BTC were for investments in new ICO .. that's not the case anymore? Those money will be used for trading and manipulate the price ?

[andron8383]

***

They changed to a more efficient method of distributing this revenue, that's all.

Probably a lot of people sold at 50k+ satoshi and will now start fud campaigning to try to buy back lower just like what happened about 2 months ago in February with the SEC fud campaign.

That move is best what they could do IMO.
This solution promotes only ACTIVE investors.
There will be no bonus for exchange owners , no money to dead/lost accounts, no fees to ETH network.
Befor i was thinking that ICN just mostly adds up to ETH value than ICN.
Now mot problems is solved in very efficient way.

The speculators can broke party pumping ICN 20-30x but guess what they have 1st buy big chunk of ICNs.

Oh come one if they really want they can TODAY put 8000BTC buy wall and eat all those 13m ICN and even with that it will left more money.

I thought those 8000 BTC were for investments in new ICO .. that's not the case anymore? Those money will be used for trading and manipulate the price ?

yes it is but point is that it will flow back to ICN over time some miltiple of 8000BTC will pump ICN price.
Maybe not today but in year you can see nice results.

Okay when we hit polo DASH LTD can serve us BIG pump like 20-30x then it will be hard for ICONOMI team to influence price IMO ...
But one ICN will be moved 20-30x i don't think that you will be worry about buybacks too much
Today we can be easily added to Polo.

[Enjorlas]

Oh come one if they really want they can TODAY put 8000BTC buy wall and eat all those 13m ICN and even with that it will left more money.

I thought those 8000 BTC were for investments in new ICO .. that's not the case anymore? Those money will be used for trading and manipulate the price ?

No, the only thing that changes is that the money that was going to be used for dividend distribution will now be used to buy back ICN and burn the supply.

[Big Game]

Redemption on 1000 Eth in a quarter, it's utter nonsense!!!!!
Why then not redemption in the amount of 20% of the profit, as they promised?

[xtyling]

Redemption on 1000 Eth in a quarter, it's utter nonsense!!!!!
Why then not redemption in the amount of 20% of the profit, as they promised?

Sell and get out of ICN. The move is for a better good. Dont like, sell. We happier

[ololajulo]

the 8000btc is still confusing. Is it for the ICN or one? Over valuing will still be over soon but it is better undervalued than overvalued. Somehow it will get to its value but if other way, there will be dump and will go back to its value

[cerejobastos]

buy

[petricag]

Let me calculate this for all of you.

#dividendcare - On average you would get 0.07$ dividends per year per 1 icn, now you have:
For 100$ per 1 ICN == 1428 years of getting dividends -> when people from dash scam wake up and join us & platform launches

What you are calculating its not really relevant.
Lets say you have 100k ICN
That means you would've got an ~ 7.000 USD / year dividends for an initial investment of ~ 14.000 USD (give or take). That means you would've got your investment back in about 2 years, and after, the following years 7000 USD / year its quite something in many parts of the world.
With dividends you would have an "endless" income stream to use.
With burning coins, maybe the price of each ICN would get higher (its no guaranty about this), but in order for you to actually use those gains you would need to diminish your amount of ICN and in the end have none. So, if the project its a success you will be able top actually enjoy the gains only by getting out of the project.

[kryptopojken]

This is revolutionary...Really don't get the trolls talking shit. This is an amazing idea that brings a ton of value to ICN. Great job team!

[cerejobastos]

Let me calculate this for all of you.

#dividendcare - On average you would get 0.07$ dividends per year per 1 icn, now you have:
For 100$ per 1 ICN == 1428 years of getting dividends -> when people from dash scam wake up and join us & platform launches

What you are calculating its not really relevant.
Lets say you have 100k ICN
That means you would've got an ~ 7.000 USD / year dividends for an initial investment of ~ 14.000 USD (give or take). That means you would've got your investment back in about 2 years, and after, the following years 7000 USD / year its quite something in many parts of the world.
With dividends you would have an "endless" income stream to use.
With burning coins, maybe the price of each ICN would get higher (its no guaranty about this), but in order for you to actually use those gains you would need to diminish your amount of ICN and in the end have none. So, if the project its a success you will be able top actually enjoy the gains only by getting out of the project.

I think this solution is better. I know the feeling there with the dividens, seems like a better option, but it would take a lot to start receiving dividens, and IMO returns this way will be better and faster
just my opinion

[ghatts]

Let me calculate this for all of you.

#dividendcare - On average you would get 0.07$ dividends per year per 1 icn, now you have:
For 100$ per 1 ICN == 1428 years of getting dividends -> when people from dash scam wake up and join us & platform launches

What you are calculating its not really relevant.
Lets say you have 100k ICN
That means you would've got an ~ 7.000 USD / year dividends for an initial investment of ~ 14.000 USD (give or take). That means you would've got your investment back in about 2 years, and after, the following years 7000 USD / year its quite something in many parts of the world.
With dividends you would have an "endless" income stream to use.
With burning coins, maybe the price of each ICN would get higher (its no guaranty about this), but in order for you to actually use those gains you would need to diminish your amount of ICN and in the end have none. So, if the project its a success you will be able top actually enjoy the gains only by getting out of the project.

Would it be economical to eventually cash out your ICN back to ETH, and then put everything onto the platform? Correct me if I am wrong, but you could essentially cash out 10X your initial investment, toss it onto the iconomi platform, and just bank off of those returns.

As I recall as well, the returns were something like 20% per month, in that ballpark, so lets say you take your $10,000 dollars you made from cashing out ICN, toss onto the platform, and every month receive about $2,000 in returns. That is better than any dividends.

(Please correct me if I am wrong about anything)

[petricag]

Would it be economical to eventually cash out your ICN back to ETH, and then put everything onto the platform? Correct me if I am wrong, but you could essentially cash out 10X your initial investment, toss it onto the iconomi platform, and just bank off of those returns.

Cashing out means getting out from the project. So if I trust and like the project I have to choose among stay with an unrealized profit (which you cannot actually use) or sell and get out of the project.
The nice idea was have an "endless" income stream. If I would've wanted a 10x return I could've invest in polo ... several pump and dumps these days ... 2000 % daily increase.

As I recall as well, the returns were something like 20% per month, in that ballpark, so lets say you take your $10,000 dollars you made from cashing out ICN, toss onto the platform, and every month receive about $2,000 in returns. That is better than any dividends.

How do you receive $2000 per month in return? Any profit will come only from selling your ICN ...

[ghatts]

Would it be economical to eventually cash out your ICN back to ETH, and then put everything onto the platform? Correct me if I am wrong, but you could essentially cash out 10X your initial investment, toss it onto the iconomi platform, and just bank off of those returns.

Cashing out means getting out from the project. So if I trust and like the project I have to choose among stay with an unrealized profit (which you cannot actually use) or sell and get out of the project.
The nice idea was have an "endless" income stream. If I would've wanted a 10x return I could've invest in polo ... several pump and dumps these days ... 2000 % daily increase.

As I recall as well, the returns were something like 20% per month, in that ballpark, so lets say you take your $10,000 dollars you made from cashing out ICN, toss onto the platform, and every month receive about $2,000 in returns. That is better than any dividends.

How do you receive $2000 per month in return? Any profit will come only from selling your ICN ...

The iconomi platform is an investment platform where they use the money you invest to do whatever, and you receive returns. Since cryptos are so volatile this also means you can have big swings, but also super low dips.

I am talking about cashing out your ICN for ETH, then giving ETH to the iconomi platform under your account and receiving returns that way.