The team is between 20 and 30 members big, so i wouldn't say that a $2m burn rate is very big for a year...
Aren't we a bit over optimistic?
Maybe it won't happen that fast, but by constant burning of the tokens I'm pretty sure one day we'll have 1 ICN be worth way over 100$. 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. 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
If they burn 20% of the full supply in the next two years that would be a lot IMO...