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what is the purpose of the icn token if holders cant recv. dividends as promised?
The same as it was before. Dividends and buybacks/burn are just a different form of profit distribution. You can still sell the proportional share that was burned and buy eth while keeping the same percentage of total ICN supply as before
And if you don't sell anything, it is equivalent to compounding all your dividends back in ICN.
So, its a buy-and-hold-and-see-the-price-appreciate kind of token.
so actually its the same as with tokencard! You simply wait until the price is up to your expectations and then sell. The only difference is with tokencard you burn the token yourself
FYI: yesterday, tokencard collected $12,958,437.77 in their crowdsale in 1 hour.
https://etherscan.io/address/0x49edf201c1e139282643d5e7c6fb0c7219ad1db7
burning is great on the long run!
could be the news everyone is waiting for!