Topic: ICONOMI - Live for today. Invest for tomorrow. - page 54. (Read 583532 times)

Yep, and it's a good idea considering the early stage of development of the platform. That's a good way to attract capital too. Once the model is proven, it can be expanded to everyone after basic checks perhaps.

The final goal of the platform is to allow anybody to open up a fund regardless of the contributed seed amount. But for now, it's $100k.

any chance to people like me who can open ICN Managment portfolio with less than 10k usd and if im doing good , people will join me ? Or they choose by themselves

https://www.reddit.com/r/ICONOMI/comments/7jd8xy/iconomi_moving_jurisdiction_to_malta_from_saint/

and this is just the start.....

We are proud to announce that the @CrushCrypto #DAA has reached $1M of AUM! Congratulations, @VictorLai! Read more about the @CrushCrypto DAA here: https://www.iconomi.net/dashboard/#/daa/CCC …

What do you think they are volunteering ? They have a pretty Fing large payroll and are in the works of adding 100 more.

Now my head to head with Waves.. Both purchased the same day last spring.
1000 ICN now worth 1460
1000 Waves now worth 13,800 not including tokens earned from leasing.

Really wish I would have just kept the bitcoin at this point because bitcoin rose 10x in value

ICN is heading back to 1$ because there is no use for the token and they can't figure one out. If they had it would have been announced months ago. Instead they keep putting it off.. just like the release of the platform.

Now that futures are being traded on BTC , crypto index funds are already here but not in the mainstream.
ICN is dead

I wasn't implying that the utility wouldn't be useful. I am also looking forward to this. I was just trying to say that even without the utility Iconomi has a great product which will attract a lot of people in the future and the buyback will be more significant. This fact alone should make some interest in buying ICN. Utility will just bring more interest.

Bottom line I would rather hold ICN (great team that delivered awesome product in 1 year and will be delivering in the future) even without the utility than some shitcoin that works on a pump/dump principle. But then again I am a long term holder and can see why short term holders would be unhappy.

I'm personally not worried about the price (most altcoins are going through this because Bitcoin is surging like mad lately) and I am confident that in 3 years ICN will be in the top. Probably even sooner like 2018

You really should read more about this project befor talk nonsense about this project! Every dolar, satoshi... made on this platform is goint for buyback! They do not take anythink for themselves. the team has 17 milions of ICN and about 50% of the asset that they collect in the ICO (this asset is now worth more than 100 milions. much more! other 50% is in Pinta and it is worth 115 milions at the moment.

you really should do a bit of a resarch before talking about stuff you do not know about.

That's a fair point. The whitepaper, which has since been taken down, promised ICN to be similar to shareholders, which means it's the team's obligation to ensure they use the assets to buy back the tokens if they are undervalued in the marketplace. I suspect they are paying out a lot to themselves and the team, which leaves far less profits to buy back the ICN tokens.

Which is why, I think if they create some utility for the ICN tokens inside the platform, it might the price, since the platform is already seeing a fair amount of adoption, even as the ICN price deteriorates.

I also sad because there is no big movement for this coin and seem the price stuck at $1.5. Very hard to increase and reached above $4 like some month ago. I hope the dev teams take attention for this

Also Iconomi have received a lot of tokes like OMG and many others that should have sold and used to buy back ICN.  Instead they steal these tokens and added to their special fund!  We as ICN holders as so FUCKED  by this management team who only look after themselves.. Yes they suck up all of the profits before they buy back any of these worthless ICN tokes.  And looks like next year will more of the same raping. 

The utility part was brought in later, not during the ICO.

It doesn't matter if the platform and product are great, if the value doesn't transfer to the ICN holders. The team is hiring aggressively, so I suspect a lot of the profits are just going into salaries instead of buybacks, for example. This doesn't help the ICN holders. Making the ICN token have some utility is just another way to help provide value to the token holders, not just the product/platform users.

Seems btc will send out 90% of cryptos out of market and only 10% will remain.I hope ICN be one among 10%

So there is lot of talk about the utility of of the ICN token in the last few moths. Did devs promise such thing in the beginning i.e. pre-ico phase? All I can find that the dividends were mentioned but decided to go with buyback since that would avoid being seen as a security.

Nevertheless, ICN having a utility will be great and I can see that whatever they came up with will drive the price up strongly.

But what I actually wanted to say is that Iconomi already has a great product (which you can't say for a lot of other projects with high market cap like Augur 2 years without anything, OMG etc.) which will only have more success with the upcoming DAAs. This alone should set Iconomi much higher in top 100, plus the fact that we already have working buybacks. Utility of ICN is just a plus here as a lot of coins that have absolutely no utility are doing really good. What is IOTA utility other then tangle being fancy new thing which needs to be proved it can work first etc.

So only thing that worries me is not being on more popular exchanges (Bittrex, Polo, Bitfinex) as Kraken is really buggy so it only leaves Binance, but buybacks are probably the reason why exchanges won't list ICN. If ICN gets more volume somehow the price will skyrocket IMHO.

So lets all be thankful that Iconomi did a huge job in one years time which is a lot more than 90% of other projects can say. Future is bright for ICN which I can't say for a lot of projects out there. Just my two ICNs

Congratulations on your WAVES investment there, you seem to have hit it well, but unfortunately the community was treating WAVES as it were some type of joke in the beginning stages that I simply passed on it.  I regret not having bought some WAVES tokens.

But as far as ICN goes, I believe that 2018 could be a great year for ICN token appreciation.  ICONOMI is the best project in the crypto world so far, with a working product and when they are fully launched and marketing finally starts that's where the party could start for ICN.  Who knows?

Last spring I bought $500 worth of ICN and $500 worth of Waves

Waves is now valued @ $10,000
ICN would be worth $1400 but I sold off half to get my original investment out.

optimal sources:

https://www.reddit.com/r/ICONOMI/

https://twitter.com/iconominet


https://medium.com/iconominet

Buybacks happen every quarter, but there are pretty small compared to the trading volume/sell pressure.

This is a great ICO project from the beginning but sadly the price is not really prospering unlike its contemporaries like Lisk, Stratis and Waves.

If everything is going so well for Iconomi, how come it's not reflected in the token valuation ? where are the buybacks in all this ?!?