Topic: ICONOMI - Live for today. Invest for tomorrow. - page 300. (Read 583535 times)

Buyback didn't raise the ICN price.It was expected to go to $1 after buyback but btc price played the spoilsport.
Now we can only wait till next btc dump for ICN pump.

Yes you're right, my trade yesterday almost failed when bought in kraken instantly prices decline
Lucky I managed to sell it in Liqui.io for the moment I ceased trading ICN

2. It wasn't change of terms, but change of profit distribution. There is a big difference. Also, the market reacted positive on that change. Last ATH is the new support

4. Lack of exchanges as you refer to was from Day1

5. Team will soon have access to 1/12 of their ICN - they are vested on a monthly release

1. Public last December was communicated 4 months ago, it can't be the reason people are selling now. Number of tokens on Kraken hasen't changed much since then (15-20% of supply)

2. It wasn't change of terms, but change of profit distribution. There is a big difference. Also, the market reacted positive on that change. Last ATH is the new support

3. Change of direction - common... It is more focus on the same direction which was, and still is ICNP, ICNX, OFM

4. Lack of exchanges as you refer to was from Day1

5. Team will soon have access to 1/12 of their ICN - they are vested on a monthly release

Basically 5 reasons why folks are starting to sell:

1) Platform still beta... (weren't suppose to become public last December?)

2) Change of terms... (from a much anticipated dividends repayment to a non profitable buyback program)

3) Change of direction... (still very unclear why half the board has left for a new venture, and how wefund.it will benefit ICONOMI)

4) Lack of exchanges... (perhaps because big exchanges are getting uninterested for the aforementioned reasons)

5) The team will soon have access the ICO funds (the infamous 13M .)

Not trying to FUD but the reality is that many start doubting the seriousness of this project... Perhaps ICONOMI should release a serious and frank update instead of being so vague...

Good question.

This will hopefully be shown in future quarterly reports. We're at the start of the second quarter, and the first buyback period was stated to last 90 days:


... with a quarterly report in Q2, after this period has ended:


(Source: https://medium.com/iconominet/iconomi-introduces-repayment-programme-54bfa449d458)

These two pieces of information tell us that the quarterly report won't be published until the end of June (the end of Q2, and the end of the 90 day buyback period)

If this is a full quarterly report, then the BTC (and other spending) should be accounted for in that report, as well as the ICN buyback information.

Note to Iconomi team: A summary email (which investors receive every so often) is NOT a quarterly report.

Investors should expect to see a detailed report of BTC (and any other funds) spent, as well as information on the 1000 ETH buyback, shortly after the end of June. References to blockchain transactions for any blockchain spending would also be beneficial to the diligent investor.

If this report contains ONLY the buyback information, then you should be making it clear that you want to see more detailed information on spending, and income, in a proper published report. And not just an 'update' email.

As we have just exited Q1, it's possible that a Q1 report will be shared soon, but there's been no indication of this so far, and I don't expect this to happen. It would be nice if it did, though.

This is how we encourage transparency, and accountability.

I look forward to seeing how much detail this report will contain.

As always, Mendeleev has got your back  

Basically 5 reasons why folks are starting to sell:

1) Platform still beta... (weren't suppose to become public last December?)

2) Change of terms... (from a much anticipated dividends repayment to a non profitable buyback program)

3) Change of direction... (still very unclear why half the board has left for a new venture, and how wefund.it will benefit ICONOMI)

4) Lack of exchanges... (perhaps because big exchanges are getting uninterested for the aforementioned reasons)

5) The team will soon have access the ICO funds (the infamous 13M 🔒...)

Not trying to FUD but the reality is that many start doubting the seriousness of this project... Perhaps ICONOMI should release a serious and frank update instead of being so vague...

yea and that is why before news comes we have pump... maybe some devs not care but their friends do care

It's almost like the devs priority is developing and finishing the platform. How dare they not care about pump and dumps!

With bitcoin rising, i'd rather move my money to BTC until the btc price stables. I think ICN will still dip down to $0.30 cents upon seeing on kraken charts. There are so much new ICOs too, those users are also going to move thier BTC to it and wait til there is a new update.

ICN sucks...no poloniex

ICN sucks...no poloniex

With bitcoin rising, i'd rather move my money to BTC until the btc price stables. I think ICN will still dip down to $0.30 cents upon seeing on kraken charts. There are so much new ICOs too, those users are also going to move thier BTC to it and wait til there is a new update.

Good question.

This will hopefully be shown in future quarterly reports. We're at the start of the second quarter, and the first buyback period was stated to last 90 days:


... with a quarterly report in Q2, after this period has ended:


(Source: https://medium.com/iconominet/iconomi-introduces-repayment-programme-54bfa449d458)

These two pieces of information tell us that the quarterly report won't be published until the end of June (the end of Q2, and the end of the 90 day buyback period)

If this is a full quarterly report, then the BTC (and other spending) should be accounted for in that report, as well as the ICN buyback information.

Note to Iconomi team: A summary email (which investors receive every so often) is NOT a quarterly report.

Investors should expect to see a detailed report of BTC (and any other funds) spent, as well as information on the 1000 ETH buyback, shortly after the end of June. References to blockchain transactions for any blockchain spending would also be beneficial to the diligent investor.

If this report contains ONLY the buyback information, then you should be making it clear that you want to see more detailed information on spending, and income, in a proper published report. And not just an 'update' email.

As we have just exited Q1, it's possible that a Q1 report will be shared soon, but there's been no indication of this so far, and I don't expect this to happen. It would be nice if it did, though.

This is how we encourage transparency, and accountability.

I look forward to seeing how much detail this report will contain.

As always, Mendeleev has got your back