The news hit the spot and they saying that "Further ICN usages will be announced in the future." hits the spot again.
Me like many people here we're searching for a sane investment for the future that does not depend on a specific token but on a trend (crypto). This news does not have a huge effect at the moment but as more people get into crypto will have a snowball effect.
Q1 2017 Report total fees for burning ICN 50,936$
Q4 2017 Report total fees for burning ICN 1,015,999$ (some 850k tokens at current price)
That's 20 times more and the rate will be even quicker now in 2018 with more ICN fees. I can see the burn rate going x4 and making 1 mil in fees a month in the near future. Considering the road map i would say 20x increase in fees used for burning in year 2018 it's not even optimistic. They will get most of the services going this year: Fiat ramp up, debit card, more DAA's and even smaller DAA's.
Many people buy it and hope for 10x over night. Because most projects who are as promising as ICN are doing a lot better even if at the moment they are just that. Promises! When they see it's not doing 10x and actually losing value in front of BTC/ETH they sell it and that's why there's a lot of ICN to buy and few people interested in it.
This is not gonna last forever because getting in will get tighter and tighter.
I'm happy we got official utility. I'l hold their word on that "Further ICN usages will be announced in the future." and soon will be starting asking questions again
)
@estenity I feel them a little scared because of regulations and some heads will fall when new crypto laws will come. I guess they don't wanna be caught on the bad foot saying something, then they can't hold their word up because new regulations says otherwise. And now they got lawsuits coming from people with broken promises and anything they said will be held against them.
This scenario is a little pessimistic and suggests that some promise they made in the past will come in conflict with the upcoming regulation laws.
"ICN holder is entitled to a share in platform and all assets" unfortunately is EXACTLY the thing that you don't wanna say when laws are not clear and you don't know what's comming.
I think they play it smart and safe at the moment.
Even if it's not official they never denied that first statement, even though it's not written on iconomi.net anywhere.
Again glad to have some utility and a sincere thank you for the team there. I will get the Tim and Jani pictures down from my dart plate
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