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Topic: ICONOMI - Live for today. Invest for tomorrow. - page 16. (Read 583522 times)

newbie
Activity: 80
Merit: 0

There are no illegal things in Crypto??? So, what's with Bitconnect or Onecoin for example? WTF dude, I don't get your message there.

Well, you are wrong there my friend. First of all, it’s not 200k its only 160k and these coins will most likely not appear on the market. Because the remaining btc are corporate assets that must be returned to the stockholders (Karpeles etc.). And since there will be no legal reason to sell these bitcoins they would be really stupid to sell them on their own after they received them especially at these prices.
Hold on, the platform launched with the first couple of DAAs in Oktober and we got that btc bull run and alts cycle in Dec - Jan. So it was partly running but the problem back then was they didn't do much marketing during the bull run. What and here I agree on you keot the possible burning rate of the ICN token relatively small. However, for at least what I know this will change in the next bull run. So, that's when buybacks really should start to kick in.
Karpeles said he did’nt wanted the bitcoins so his wil be distributed to the victoms (i guess) but annyways there are no legal or illegal things in crypto.

Quote from: RichardReMark
And i don’t get your message here aswell dude, let me tell you exactly what will happen with bitconect and Onecoin: they wil get sued and have to pay a fraction of the amount that they have scamed out of people so yea the scammers still stay rich. Its like the real world and those scammy banks and corporations they just pay there way out of there problems, its the wild west no civilised society here move along aliens there is nothing to see here.
sr. member
Activity: 514
Merit: 353
Respect has to be earned, just like money!
There are no illegal things in Crypto??? So, what's with Bitconnect or Onecoin for example? WTF dude, I don't get your message there.

Well, you are wrong there my friend. First of all, it’s not 200k its only 160k and these coins will most likely not appear on the market. Because the remaining btc are corporate assets that must be returned to the stockholders (Karpeles etc.). And since there will be no legal reason to sell these bitcoins they would be really stupid to sell them on their own after they received them especially at these prices.
Hold on, the platform launched with the first couple of DAAs in Oktober and we got that btc bull run and alts cycle in Dec - Jan. So it was partly running but the problem back then was they didn't do much marketing during the bull run. What and here I agree on you keot the possible burning rate of the ICN token relatively small. However, for at least what I know this will change in the next bull run. So, that's when buybacks really should start to kick in.
Karpeles said he did’nt wanted the bitcoins so his wil be distributed to the victoms (i guess) but annyways there are no legal or illegal things in crypto.
newbie
Activity: 80
Merit: 0
Well, you are wrong there my friend. First of all, it’s not 200k its only 160k and these coins will most likely not appear on the market. Because the remaining btc are corporate assets that must be returned to the stockholders (Karpeles etc.). And since there will be no legal reason to sell these bitcoins they would be really stupid to sell them on their own after they received them especially at these prices.
Hold on, the platform launched with the first couple of DAAs in Oktober and we got that btc bull run and alts cycle in Dec - Jan. So it was partly running but the problem back then was they didn't do much marketing during the bull run. What and here I agree on you keot the possible burning rate of the ICN token relatively small. However, for at least what I know this will change in the next bull run. So, that's when buybacks really should start to kick in.
Karpeles said he did’nt wanted the bitcoins so his wil be distributed to the victoms (i guess) but annyways there are no legal or illegal things in crypto.
sr. member
Activity: 514
Merit: 353
Respect has to be earned, just like money!
Well, you are wrong there my friend. First of all, it’s not 200k its only 160k and these coins will most likely not appear on the market. Because the remaining btc are corporate assets that must be returned to the stockholders (Karpeles etc.). And since there will be no legal reason to sell these bitcoins they would be really stupid to sell them on their own after they received them especially at these prices.
Hold on, the platform launched with the first couple of DAAs in Oktober and we got that btc bull run and alts cycle in Dec - Jan. So it was partly running but the problem back then was they didn't do much marketing during the bull run. What and here I agree on you keot the possible burning rate of the ICN token relatively small. However, for at least what I know this will change in the next bull run. So, that's when buybacks really should start to kick in.
newbie
Activity: 80
Merit: 0
Hold on, the platform launched with the first couple of DAAs in Oktober and we got that btc bull run and alts cycle in Dec - Jan. So it was partly running but the problem back then was they didn't do much marketing during the bull run. What and here I agree on you keot the possible burning rate of the ICN token relatively small. However, for at least what I know this will change in the next bull run. So, that's when buybacks really should start to kick in.
sr. member
Activity: 514
Merit: 353
Respect has to be earned, just like money!
Hold on, the platform launched with the first couple of DAAs in Oktober and we got that btc bull run and alts cycle in Dec - Jan. So it was partly running but the problem back then was they didn't do much marketing during the bull run. What and here I agree on you keot the possible burning rate of the ICN token relatively small. However, for at least what I know this will change in the next bull run. So, that's when buybacks really should start to kick in.

During the bull market nothing was up and running on Iconomi, how would they be able to burn anything if nothing was making money yet?

anyone got any idea when the next burning will occur . i remember its being said as every quarter, but can someone comment!!

yes, burning takes place at the end of every quarter.

Quote
In Q3 2018 we are continuing with our repayment program using revenues generated in Q2, which amounted to US$404,410 or 888.46 ETH. As stated in our Introducing Fees Payable in ICN blog post, DAA management fees are now collected and converted to ICN on a daily basis and will be burned at the end of each quarter, rather than in the following quarter.


proof - ICONOMI Financial Report — Q2 2018


The token burn smart contract can be viewed here.

14,951 ICN burned in 6 months ?

No, the total is 1,069,660 ICN burnt over the past 396 days. You can see the totals here:

https://etherscan.io/token/0x888666ca69e0f178ded6d75b5726cee99a87d698?a=0x0006157838d5a6b33ab66588a6a693a57c869999

During the biggest crypto bull market, the Iconomi team burned less than 600k usd. All the 'expenses' seem to just go to the team, with the ICN investors holding the bag. Where are the promises from the original whitepaper that the team used to raise all this money?
hero member
Activity: 933
Merit: 500
During the bull market nothing was up and running on Iconomi, how would they be able to burn anything if nothing was making money yet?

anyone got any idea when the next burning will occur . i remember its being said as every quarter, but can someone comment!!

yes, burning takes place at the end of every quarter.

Quote
In Q3 2018 we are continuing with our repayment program using revenues generated in Q2, which amounted to US$404,410 or 888.46 ETH. As stated in our Introducing Fees Payable in ICN blog post, DAA management fees are now collected and converted to ICN on a daily basis and will be burned at the end of each quarter, rather than in the following quarter.


proof - ICONOMI Financial Report — Q2 2018


The token burn smart contract can be viewed here.

14,951 ICN burned in 6 months ?

No, the total is 1,069,660 ICN burnt over the past 396 days. You can see the totals here:

https://etherscan.io/token/0x888666ca69e0f178ded6d75b5726cee99a87d698?a=0x0006157838d5a6b33ab66588a6a693a57c869999

During the biggest crypto bull market, the Iconomi team burned less than 600k usd. All the 'expenses' seem to just go to the team, with the ICN investors holding the bag. Where are the promises from the original whitepaper that the team used to raise all this money?
legendary
Activity: 1386
Merit: 1045
anyone got any idea when the next burning will occur . i remember its being said as every quarter, but can someone comment!!

yes, burning takes place at the end of every quarter.

Quote
In Q3 2018 we are continuing with our repayment program using revenues generated in Q2, which amounted to US$404,410 or 888.46 ETH. As stated in our Introducing Fees Payable in ICN blog post, DAA management fees are now collected and converted to ICN on a daily basis and will be burned at the end of each quarter, rather than in the following quarter.


proof - ICONOMI Financial Report — Q2 2018


The token burn smart contract can be viewed here.

14,951 ICN burned in 6 months ?

No, the total is 1,069,660 ICN burnt over the past 396 days. You can see the totals here:

https://etherscan.io/token/0x888666ca69e0f178ded6d75b5726cee99a87d698?a=0x0006157838d5a6b33ab66588a6a693a57c869999

During the biggest crypto bull market, the Iconomi team burned less than 600k usd. All the 'expenses' seem to just go to the team, with the ICN investors holding the bag. Where are the promises from the original whitepaper that the team used to raise all this money?
hero member
Activity: 924
Merit: 526
GIF by SOCIFI
anyone got any idea when the next burning will occur . i remember its being said as every quarter, but can someone comment!!

yes, burning takes place at the end of every quarter.

Quote
In Q3 2018 we are continuing with our repayment program using revenues generated in Q2, which amounted to US$404,410 or 888.46 ETH. As stated in our Introducing Fees Payable in ICN blog post, DAA management fees are now collected and converted to ICN on a daily basis and will be burned at the end of each quarter, rather than in the following quarter.


proof - ICONOMI Financial Report — Q2 2018


The token burn smart contract can be viewed here.

14,951 ICN burned in 6 months ?

No, the total is 1,069,660 ICN burnt over the past 396 days. You can see the totals here:

https://etherscan.io/token/0x888666ca69e0f178ded6d75b5726cee99a87d698?a=0x0006157838d5a6b33ab66588a6a693a57c869999
member
Activity: 910
Merit: 14
Everyone join Blurt.blog & Steemit.com
this is interesting
hero member
Activity: 1923
Merit: 538
anyone got any idea when the next burning will occur . i remember its being said as every quarter, but can someone comment!!

yes, burning takes place at the end of every quarter.

Quote
In Q3 2018 we are continuing with our repayment program using revenues generated in Q2, which amounted to US$404,410 or 888.46 ETH. As stated in our Introducing Fees Payable in ICN blog post, DAA management fees are now collected and converted to ICN on a daily basis and will be burned at the end of each quarter, rather than in the following quarter.


proof - ICONOMI Financial Report — Q2 2018


The token burn smart contract can be viewed here.

14,951 ICN burned in 6 months ?
legendary
Activity: 1938
Merit: 1014
anyone got any idea when the next burning will occur . i remember its being said as every quarter, but can someone comment!!

yes, burning takes place at the end of every quarter.

Quote
In Q3 2018 we are continuing with our repayment program using revenues generated in Q2, which amounted to US$404,410 or 888.46 ETH. As stated in our Introducing Fees Payable in ICN blog post, DAA management fees are now collected and converted to ICN on a daily basis and will be burned at the end of each quarter, rather than in the following quarter.


proof - ICONOMI Financial Report — Q2 2018



The token burn smart contract can be viewed here.
hero member
Activity: 803
Merit: 501
anyone got any idea when the next burning will occur . i remember its being said as every quarter, but can someone comment!!
hero member
Activity: 924
Merit: 500
This is another big project which also scammed their investors by first giving false commitment and then after getting good investment in ICO now they changed the project and left the investors with dead coin ICN and now enjoying the fund received and giving clarification of performing well but for whom not for old investors but they are earning itself.

2015,2016 two big projects DECENT + ICONOMI both at the end scammers so no one can believe on any altcoin projects BTC is always a good choice to hold and any altcoin project is better to sell of when ever you are in profit.

Have they still not declared what kind of usability the ICN token will get? They did say there would be another use case for it. I agree though, they completely changed what was envisioned in the white paper and what people actually invested for.

and the result is ? a very low price of the token.

Until their is usage of coin the value will increase but in this project their is no usage of ICN token it is like it was just created as dummy scam coin to collect investment and use that investment for another project which is no way related to ICN token. That is why the price is decreasing and if same is going to happen within some days you can get ICN token for 1 sat just like another SCAM DEAD COIN.

They already announced few utilities. I admit there could be more and I hope they will introduce them soon.

https://medium.com/iconominet/introducing-fees-payable-in-icn-4c466e17a6cb

But I see no huge difference between ICN and Binance coin which has a marketcap of 1 bln. More users and DAA managers should bring the price of ICN up
I agree with you, with more use cases and more users on the patform, the price will increase gradually. It is simple to understand the price of a token like ICN, more users means more demand on the token and higher burn rate, so it is correlated to the general crypto market situation. During the next bull run, I expect a surge in the number of ICONOMI users.
newbie
Activity: 112
Merit: 0
With the blockchain technology it's easy to maintain transparency. They store many assets in protected cold storages which are safe from any hackers. It's easy even for beginner to get onto their platform and start investing, so I guess it's an okay project.
member
Activity: 323
Merit: 19
This is another big project which also scammed their investors by first giving false commitment and then after getting good investment in ICO now they changed the project and left the investors with dead coin ICN and now enjoying the fund received and giving clarification of performing well but for whom not for old investors but they are earning itself.

2015,2016 two big projects DECENT + ICONOMI both at the end scammers so no one can believe on any altcoin projects BTC is always a good choice to hold and any altcoin project is better to sell of when ever you are in profit.

Have they still not declared what kind of usability the ICN token will get? They did say there would be another use case for it. I agree though, they completely changed what was envisioned in the white paper and what people actually invested for.

and the result is ? a very low price of the token.

Until their is usage of coin the value will increase but in this project their is no usage of ICN token it is like it was just created as dummy scam coin to collect investment and use that investment for another project which is no way related to ICN token. That is why the price is decreasing and if same is going to happen within some days you can get ICN token for 1 sat just like another SCAM DEAD COIN.

They already announced few utilities. I admit there could be more and I hope they will introduce them soon.

https://medium.com/iconominet/introducing-fees-payable-in-icn-4c466e17a6cb

But I see no huge difference between ICN and Binance coin which has a marketcap of 1 bln. More users and DAA managers should bring the price of ICN up
legendary
Activity: 1302
Merit: 1027
This is another big project which also scammed their investors by first giving false commitment and then after getting good investment in ICO now they changed the project and left the investors with dead coin ICN and now enjoying the fund received and giving clarification of performing well but for whom not for old investors but they are earning itself.

2015,2016 two big projects DECENT + ICONOMI both at the end scammers so no one can believe on any altcoin projects BTC is always a good choice to hold and any altcoin project is better to sell of when ever you are in profit.

Have they still not declared what kind of usability the ICN token will get? They did say there would be another use case for it. I agree though, they completely changed what was envisioned in the white paper and what people actually invested for.

and the result is ? a very low price of the token.

Until their is usage of coin the value will increase but in this project their is no usage of ICN token it is like it was just created as dummy scam coin to collect investment and use that investment for another project which is no way related to ICN token. That is why the price is decreasing and if same is going to happen within some days you can get ICN token for 1 sat just like another SCAM DEAD COIN.
member
Activity: 402
Merit: 45
This is another big project which also scammed their investors by first giving false commitment and then after getting good investment in ICO now they changed the project and left the investors with dead coin ICN and now enjoying the fund received and giving clarification of performing well but for whom not for old investors but they are earning itself.

2015,2016 two big projects DECENT + ICONOMI both at the end scammers so no one can believe on any altcoin projects BTC is always a good choice to hold and any altcoin project is better to sell of when ever you are in profit.

Have they still not declared what kind of usability the ICN token will get? They did say there would be another use case for it. I agree though, they completely changed what was envisioned in the white paper and what people actually invested for.

and the result is ? a very low price of the token.
hero member
Activity: 924
Merit: 526
GIF by SOCIFI
This is another big project which also scammed their investors by first giving false commitment and then after getting good investment in ICO now they changed the project and left the investors with dead coin ICN and now enjoying the fund received and giving clarification of performing well but for whom not for old investors but they are earning itself.

2015,2016 two big projects DECENT + ICONOMI both at the end scammers so no one can believe on any altcoin projects BTC is always a good choice to hold and any altcoin project is better to sell of when ever you are in profit.

Have they still not declared what kind of usability the ICN token will get? They did say there would be another use case for it. I agree though, they completely changed what was envisioned in the white paper and what people actually invested for.
legendary
Activity: 1302
Merit: 1027
This is another big project which also scammed their investors by first giving false commitment and then after getting good investment in ICO now they changed the project and left the investors with dead coin ICN and now enjoying the fund received and giving clarification of performing well but for whom not for old investors but they are earning itself.

2015,2016 two big projects DECENT + ICONOMI both at the end scammers so no one can believe on any altcoin projects BTC is always a good choice to hold and any altcoin project is better to sell of when ever you are in profit.
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