https://youtu.be/5SoNbsPYQGA?t=3m40s
Topic: ICONOMI - Live for today. Invest for tomorrow. - page 168. (Read 583532 times)
For example, I came across this 'APX ventures', who are using a buyback system too, but their approach is different:
Quote
70% will go towards market buys on exchange
20% will go towards buy support @ 10% below market price.
10% will go towards the APX Liquidity Fund (ALF) which will held as BTC off-exchange, available for anyone to access if they wish to convert their APX for BTC without disrupting the market.
All APX acquired through this process will be verifiably burned.
20% will go towards buy support @ 10% below market price.
10% will go towards the APX Liquidity Fund (ALF) which will held as BTC off-exchange, available for anyone to access if they wish to convert their APX for BTC without disrupting the market.
All APX acquired through this process will be verifiably burned.
Source: https://drive.google.com/file/d/0ByqyVzIU5PtFLXp2UGZPcUFYd1U/view
The liquidity fund idea is interesting, but I'm mainly drawn towards the fact that they will offer market buys, as well as buy support.
I'd be interested in people's thoughts on this approach - is it better or worse? Has this been discussed on the slack at all, or with the team?
Such breakdown won't benefit this fund, IMO.
A company should always aim to buy back its stock at the lowest possible price:
1. more shares are burned for the same amount of cash
2. solid support level below market price reduces volatility
3. it also brings stability and provides confidence
4. buying at market artificially inflates price and when buybacks are done a dump will follow. 20% won't hold that.
5. the fund ends up overpaying for its stock - which is a loss basically
The "liquidity fund" is not a new concept. Again, a company is likely to end up paying more than it could have paid - BTC x-rate is still tied to the market so the price should include some premium to attract sellers. We have a "free market"-style transparent exchanges, why should we use tools from another era?
Correct me if I'm wrong, let's discuss it
Yes. Buybacks means constant buy support in the market.
Wonder what would my uncle say about this
Wonder what would my uncle say about this
Moi?
Let's put other arguments aside, and focus on a more constructive discussion... The buy back orders are apparently only going to be placed below the last price - which I'm not entirely sure on...
For example, I came across this 'APX ventures', who are using a buyback system too, but their approach is different:
Quote
70% will go towards market buys on exchange
20% will go towards buy support @ 10% below market price.
10% will go towards the APX Liquidity Fund (ALF) which will held as BTC off-exchange, available for anyone to access if they wish to convert their APX for BTC without disrupting the market.
All APX acquired through this process will be verifiably burned.
20% will go towards buy support @ 10% below market price.
10% will go towards the APX Liquidity Fund (ALF) which will held as BTC off-exchange, available for anyone to access if they wish to convert their APX for BTC without disrupting the market.
All APX acquired through this process will be verifiably burned.
Source: https://drive.google.com/file/d/0ByqyVzIU5PtFLXp2UGZPcUFYd1U/view
The liquidity fund idea is interesting, but I'm mainly drawn towards the fact that they will offer market buys, as well as buy support.
I'd be interested in people's thoughts on this approach - is it better or worse? Has this been discussed on the slack at all, or with the team?
No, it hasn't been discussed in slack. Personally I don't love the idea of market buy - it creates artificial price pump. I like the idea of placing buy orders bellow the highest market price much more.
Liquidity fund as OTC as a service? Actually it sounds interesting
Yes. Buybacks means constant buy support in the market.
Wonder what would my uncle say about this
Wonder what would my uncle say about this
Moi?
Let's put other arguments aside, and focus on a more constructive discussion... The buy back orders are apparently only going to be placed below the last price - which I'm not entirely sure on...
For example, I came across this 'APX ventures', who are using a buyback system too, but their approach is different:
Quote
70% will go towards market buys on exchange
20% will go towards buy support @ 10% below market price.
10% will go towards the APX Liquidity Fund (ALF) which will held as BTC off-exchange, available for anyone to access if they wish to convert their APX for BTC without disrupting the market.
All APX acquired through this process will be verifiably burned.
20% will go towards buy support @ 10% below market price.
10% will go towards the APX Liquidity Fund (ALF) which will held as BTC off-exchange, available for anyone to access if they wish to convert their APX for BTC without disrupting the market.
All APX acquired through this process will be verifiably burned.
Source: https://drive.google.com/file/d/0ByqyVzIU5PtFLXp2UGZPcUFYd1U/view
The liquidity fund idea is interesting, but I'm mainly drawn towards the fact that they will offer market buys, as well as buy support.
I'd be interested in people's thoughts on this approach - is it better or worse? Has this been discussed on the slack at all, or with the team?
Yyyes! $2 at kraken! this is just the start and would fly eventually just as we expect. platform isn't yet available to everyone, how much more can it go when its accessible for the public. is the role of ICN in the platform already known?
http://imgur.com/aDMe8MWMay help
FEES - Operating Costs= Buybacks of ICN
Thought i read somewhere that the buyback is only temporary
EDIT.
jumped on slack and asked, so buyback is permanent at 20% as stated in last AMA
You still mixed it up a little bit
ICN token holders benefit from several revenue streams including 20% of ICNP realized gains, a 3% yearly ICNX management fee (deducted every 6 hours from underlying assets) and 0.1% entry/exit fee.
Fees will also be collected from all future Digital Asset Arrays (DAA) created on the ICONOMI platform.
That is a great concept, but how would token holders benefit technically? By ICN buyback and price increase?
Wonder what would my uncle say about this
Yyyes! $2 at kraken! this is just the start and would fly eventually just as we expect. platform isn't yet available to everyone, how much more can it go when its accessible for the public. is the role of ICN in the platform already known?
http://imgur.com/aDMe8MWMay help
FEES - Operating Costs= Buybacks of ICN
Thought i read somewhere that the buyback is only temporary
EDIT.
jumped on slack and asked, so buyback is permanent at 20% as stated in last AMA
You still mixed it up a little bit
ICN token holders benefit from several revenue streams including 20% of ICNP realized gains, a 3% yearly ICNX management fee (deducted every 6 hours from underlying assets) and 0.1% entry/exit fee.
Fees will also be collected from all future Digital Asset Arrays (DAA) created on the ICONOMI platform.
That is a great concept, but how would token holders benefit technically? By ICN buyback and price increase?
Wonder what would my uncle say about this
Yyyes! $2 at kraken! this is just the start and would fly eventually just as we expect. platform isn't yet available to everyone, how much more can it go when its accessible for the public. is the role of ICN in the platform already known?
http://imgur.com/aDMe8MWMay help
FEES - Operating Costs= Buybacks of ICN
Thought i read somewhere that the buyback is only temporary
EDIT.
jumped on slack and asked, so buyback is permanent at 20% as stated in last AMA
You still mixed it up a little bit
ICN token holders benefit from several revenue streams including 20% of ICNP realized gains, a 3% yearly ICNX management fee (deducted every 6 hours from underlying assets) and 0.1% entry/exit fee.
Fees will also be collected from all future Digital Asset Arrays (DAA) created on the ICONOMI platform.
That is a great concept, but how would token holders benefit technically? By ICN buyback and price increase?
Update on the rules published today :
https://medium.com/iconominet/iconomi-icnx-daa-rules-update-5a59dd2761c
https://medium.com/iconominet/iconomi-icnx-daa-rules-update-5a59dd2761c
Yyyes! $2 at kraken! this is just the start and would fly eventually just as we expect. platform isn't yet available to everyone, how much more can it go when its accessible for the public. is the role of ICN in the platform already known?
http://imgur.com/aDMe8MWMay help
FEES - Operating Costs= Buybacks of ICN
Thought i read somewhere that the buyback is only temporary
EDIT.
jumped on slack and asked, so buyback is permanent at 20% as stated in last AMA
You still mixed it up a little bit
ICN token holders benefit from several revenue streams including 20% of ICNP realized gains, a 3% yearly ICNX management fee (deducted every 6 hours from underlying assets) and 0.1% entry/exit fee.
Fees will also be collected from all future Digital Asset Arrays (DAA) created on the ICONOMI platform.
That is a great concept, but how would token holders benefit technically? By ICN buyback and price increase?
Mendeleev's refined trolling skills transcend the limits of nationality or human race. He may very well not be from this planet, or could be the first generation of an advanced artificial inteligence bent on world dominations and enslaving us all. Either way we are all doomed!
Haha that was gold!
Me right now:
https://www.youtube.com/watch?v=tINgR1ig0cQ
Yyyes! $2 at kraken! this is just the start and would fly eventually just as we expect. platform isn't yet available to everyone, how much more can it go when its accessible for the public. is the role of ICN in the platform already known?
http://imgur.com/aDMe8MWMay help
FEES - Operating Costs= Buybacks of ICN
Thought i read somewhere that the buyback is only temporary
EDIT.
jumped on slack and asked, so buyback is permanent at 20% as stated in last AMA
You still mixed it up a little bit
ICN token holders benefit from several revenue streams including 20% of ICNP realized gains, a 3% yearly ICNX management fee (deducted every 6 hours from underlying assets) and 0.1% entry/exit fee.
Fees will also be collected from all future Digital Asset Arrays (DAA) created on the ICONOMI platform.
Yyyes! $2 at kraken! this is just the start and would fly eventually just as we expect. platform isn't yet available to everyone, how much more can it go when its accessible for the public. is the role of ICN in the platform already known?
http://imgur.com/aDMe8MWMay help
FEES - Operating Costs= Buybacks of ICN
Thought i read somewhere that the buyback is only temporary
EDIT.
jumped on slack and asked, so buyback is permanent at 20% as stated in last AMA
You still mixed it up a little bit
ICN token holders benefit from several revenue streams including 20% of ICNP realized gains, a 3% yearly ICNX management fee (deducted every 6 hours from underlying assets) and 0.1% entry/exit fee.
Fees will also be collected from all future Digital Asset Arrays (DAA) created on the ICONOMI platform.
Yyyes! $2 at kraken! this is just the start and would fly eventually just as we expect. platform isn't yet available to everyone, how much more can it go when its accessible for the public. is the role of ICN in the platform already known?
http://imgur.com/aDMe8MWMay help
FEES - Operating Costs= Buybacks of ICN
Thought i read somewhere that the buyback is only temporary
EDIT.
jumped on slack and asked, so buyback is permanent at 20% as stated in last AMA
That's a great image. Really helps break down the potential profit that will flow into ICN. Iconomi have been so quiet recently this is all helping to bring back my excitement in the project! Go ICN!
Yyyes! $2 at kraken! this is just the start and would fly eventually just as we expect. platform isn't yet available to everyone, how much more can it go when its accessible for the public. is the role of ICN in the platform already known?
http://imgur.com/aDMe8MWMay help
FEES - Operating Costs= Buybacks of ICN
Thought i read somewhere that the buyback is only temporary
EDIT.
jumped on slack and asked, so buyback is permanent at 20% as stated in last AMA
Yyyes! $2 at kraken! this is just the start and would fly eventually just as we expect. platform isn't yet available to everyone, how much more can it go when its accessible for the public. is the role of ICN in the platform already known?
B-b-but no communications
If they can reach $2 without communication,imagine where would they be with communication lol 
Our names are Astronauts !!!!! 
B-b-but no communications
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