Iconomi might come back it's just really hard to tell and the benefits that their first mover advantage gave them seem to be fewer and fewer as the days go on. It kinda sucks they originally collected $10,000,000 USD and the funds value has grown $50,000,000+ just based on the rise of crypto in general and we as holders don't really benefit at all from it. When on the other hand you have coins like Taas that have collected $8,000,000 and since the end of their ICO the value of their funding has grown 25% ($2,000,000) and they've already confirmed that profits generated from overall crypto growth count as profit (as it should) and will be paid back to investors as dividends, meaning the first dividend payments already going to be 50% of that $2,000,000 and it's only been 8 days since the end of the ICO. Meanwhile Iconomi won't provide the burn address or even tell it's investors how much they've invested in their latest ICO's until the end of the quarter, how does that make any sense and how is that transparent?
If that's true, then it sounds like a pointless system.
For example:
Let's say I collect 1000 BTC to start a crypto fund when BTC is worth $1000
I promise to pay 50% of "profit" as dividends (all calculated in USD and also counting un-invested assets)
I make no investments and BTC goes up to $2000
If I send 50% of that $1m "profit" out as dividends, then I would be refunding 500 BTC to the holders straight out of the ico money.
What is the point of collecting crypto for an investment fund, then slowly refunding the exact same crypto if the $ value of it appreciates?
This would actually be fucked up if I took 25% of the "profit", or 125 BTC for myself directly out of the ico crypto as a fee. <----Can you confirm if Taas is doing this? I highly doubt it, because that would be alarming.
They are pegged to the dollar. Hence their profit is based on dollars not BTC. Yes they will be 'giving back btc'.
- They're investing in crypto
- Returning profits in Dollars- (1 TAAS is $1).
Yes they used crypto to raise funds which ideally should be in dollars but no one in the fiat world just throws money into any new fund that launches. That craziness only exists in the crypto-world.
