Nice coordinated pump incoming... buy back probably active..
Buyback is active every week with the profits, so ICN tokens are removed from the market all the time. But they get stored in a wallet and are burned only every quarter. So the amount of circulation on coinmarketcap.com updates only every quarter eventough tokens are regularly taken out of circulation.
After Q2 there was small amount of profit because only testing platform with limited number of users was operating. In last month AMA they stated they had 16,000 users. With much more users than in Q2 and very low price of ICN token, I think much more tokens will be burned after Q3, than there were after Q2. I hope we see the Q3 report soon.
I think Iconomi is still good long term investment. The cheaper it gets the more tokens will get burned every quarter and sooner or later there will be a "tipping point" where the number of tokens will decrease so much, that the price will start to rise. And the profit should also rise every quarter. DAA manager platform should be ready by the end of the year and after that they'll start a marketing campaign, so we can expect more users joining the platform increasing the profits and accelerate the burning of tokens.
