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BestWebCreator
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May 18, 2017, 09:11:17 PM |
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The team is between 20 and 30 members big, so i wouldn't say that a $2m burn rate is very big for a year... i think when the platform launches icn will be quick at the 10$. and when everythink went well and ppl accept it , it will be over 100$ , since it represents alot of coins
Aren't we a bit over optimistic? Maybe it won't happen that fast, but by constant burning of the tokens I'm pretty sure one day we'll have 1 ICN be worth way over 100$. Just imagine, the last ICN available will probably be worth hundreds of thousands of dollars. You know it doesn't work like that  In order to burn more tokens, Iconomi will need to make more revenue. More revenue means more active users/fund managers on the platform which will lead to price increase. I think that the revenue/burning rate will reach equilibrium eventually - market laws.. Is anyone concerned with the fact that Iconomi is burning through over $500,000 per quarter for operating costs ? That's alot of money to be sure. $2 million per year for a small operation With 30 persons in the team it would mean that an avarage of 5555,55$ per person per month is the wage. That seems prety much to me for such a job. If the have less persons, it would be an even higher monthly wage person which is actually insane. |
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welshminer
Newbie
 Offline
Activity: 39
Merit: 0
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May 18, 2017, 09:22:31 PM |
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With 30 persons in the team it would mean that an avarage of 5555,55$ per person per month is the wage. That seems prety much to me for such a job. If the have less persons, it would be an even higher monthly wage person which is actually insane.
Burn rate isn't just wages and salaries. |
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BitBanksy
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May 18, 2017, 09:30:35 PM |
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I'm giving up my BETA account to the best offer.
Once payment agreed, I will give you my login credentials and contact ICONOMI support to change my current email address to yours. Once you have full control, you can setup 2FA, fund your account, buy & sell ICNX etc...
DM your price...
stop spamming please. and take your account & shove it up your ***  Well I didn't mean to spam this thread and forgive me if I did but I would expect at least some kind of..let say "professionally minded comments" from supporters like you & Daparski... shame your attitude turns people off. |
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Enjorlas
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May 18, 2017, 09:56:05 PM |
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I'm giving up my BETA account to the best offer.
Once payment agreed, I will give you my login credentials and contact ICONOMI support to change my current email address to yours. Once you have full control, you can setup 2FA, fund your account, buy & sell ICNX etc...
DM your price...
stop spamming please. and take your account & shove it up your *** Well I didn't mean to spam this thread and forgive me if I did but I would expect at least some kind of..let say "professionally minded comments" from supporters like you & Daparski... shame your attitude turns people off. Don't be a bitch. |
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DomainMagnate
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May 18, 2017, 10:08:16 PM |
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I'm giving up my BETA account to the best offer.
Once payment agreed, I will give you my login credentials and contact ICONOMI support to change my current email address to yours. Once you have full control, you can setup 2FA, fund your account, buy & sell ICNX etc...
DM your price...
I am interested.You pm me your price but remember its is something free and as an ico investor I will get invites sometime. So price should be reasonable. |
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p4xil
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May 18, 2017, 10:22:49 PM |
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Nothing! Nothing! Nothing! Selling Nothing for only 1.99 ICN
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garciaor2002
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May 19, 2017, 01:03:39 AM |
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By a show of hands, anybody else bought a lambo besides the devs?
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Naoko
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May 19, 2017, 01:13:35 AM |
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I remember the times i invested some money in this coin and exited when i reach double the profit and that is unfortunate for me, if I only hold my coins until today i have bigger amount of money now in my pocket :/
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Enjorlas
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May 19, 2017, 02:15:10 AM |
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 HUUUUGE!!!This is ninja news. The market won't fully price this in until 1-2 days from now. |
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BitPotus
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May 19, 2017, 02:51:13 AM |
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I am a bit retarded. Can someone explain to me why this is a big deal? Thank you. |
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Daparski
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May 19, 2017, 03:33:41 AM |
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I'm giving up my BETA account to the best offer.
Once payment agreed, I will give you my login credentials and contact ICONOMI support to change my current email address to yours. Once you have full control, you can setup 2FA, fund your account, buy & sell ICNX etc...
DM your price...
stop spamming please. and take your account & shove it up your *** Well I didn't mean to spam this thread and forgive me if I did but I would expect at least some kind of..let say "professionally minded comments" from supporters like you & Daparski... shame your attitude turns people off. You're right.. Sorry, couldn't hold myself. |
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MoveCrypto
Sr. Member
Offline
Activity: 364
Merit: 250
move that crypto
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May 19, 2017, 03:46:33 AM |
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I am a bit retarded. Can someone explain to me why this is a big deal? Thank you. This is confirmation that Iconomi is working towards a platform upon which array managers can invest their clients' money into new ICO's. This would attract a lot more users than a platform upon which array managers can only trade assets that are already listed on exchanges. |
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Daparski
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May 19, 2017, 03:46:45 AM |
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I am a bit retarded. Can someone explain to me why this is a big deal? Thank you. We live in times where 20-25M USD caps are reached within less than 30 minutes, sometimes less than 10. A lot of people want to participate, but can't be online when an ICO starts, have to rely on MEW which gets stuck during high load or have any other problem that prevents them to get in. Most of these people will buy at much higher price once the token is listed on exchanges. Iconomi team recognized a need for get-me-into-ico service that can be provided for a fee. Another brilliant way to generate revenue from the platform! Damn, it feels good to hodl |
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Daparski
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May 19, 2017, 03:47:58 AM |
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I am a bit retarded. Can someone explain to me why this is a big deal? Thank you. This is confirmation that Iconomi is working towards a platform upon which array managers can invest their clients' money into new ICO's. This would attract a lot more users than a platform upon which array managers can only trade assets that are already listed on exchanges. And that |
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_DaNiLo_
Newbie
Offline
Activity: 43
Merit: 0
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May 19, 2017, 03:51:22 AM |
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Today we are going to reach 1 USD!!!!
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kalpit
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May 19, 2017, 03:52:01 AM |
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HUUUUGE!!! I guess, this would be the use of ICN as utility token. Pay a small amount of ICN as fee and you'll not miss an ICO. |
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Daparski
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May 19, 2017, 04:36:12 AM |
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HUUUUGE!!! I guess, this would be the use of ICN as utility token. Pay a small amount of ICN as fee and you'll not miss an ICO. Pay with bank wire - Iconomi is about bringing fiat to crypto |
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thepo1m
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May 19, 2017, 05:07:13 AM |
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HUUUUGE!!! I guess, this would be the use of ICN as utility token. Pay a small amount of ICN as fee and you'll not miss an ICO. What about fund that has been capped, there are some investment fund doing this already but are not pronounced in the space because they are private entity. I read on Aragon blog that they didn't allocate more than $40,000 Ant tokens to ICONOMI. I know someone that can invest that easily into a good ICO, how is ICONOMI going to deal with this demand. Is it going to be on first come, first serve |
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