ICN Buyback programToday the iconomi team announced rebuy program.
All of the revenue from Iconomi platform and ICNP will be going towards buying ICN and burning it. (as long as team can pay expenses using money raised in ico for 5+ years)
If the market cap remained constant, then the price per ICN would increase as the supply deflates
medium.com
Also this solves the problem that ICN can not be listed on some exchanges because it is was "security"
ICN
Iconomi / ICNXBTThe fomo is hard.
The whales is hard.
The insiders are smart.
50/50 deal: scenario of sucess can drive icn to Mars.
scenario of fall: The higher it rises the harder the fall.
Febuary 9 meeting.
Release will be before or after.
Iconomi Fund.Maybe the first chart of Iconomi (ICN) published on Tradingview
-First pump can explain by the first listed exchanger: Kraken ICN/XBT + Liqui.io
-The dump was the delayed release of the plateform ( End of december delayed to 2017 ), we will see maybe the release before the end of January
-0.30$ per ICN is cheap, very cheap for a project like that,
ICN have many fund: Iconomi Index Fund, Iconomi Performance Fund & Iconomi Open fund management.
EVERYBODY CAN CREATE HIS OWN FUND !
IMO IF Iconomi work 101% good and dev take them promises, we will see a new era on crypto world, Iconomi is the link between old economi & the " new " economie digital.
Target:
- 1$
- 3-4$
- 10$ ( after distribution of dividends ).
Good luck !
Iconomi Outlook - Fund Management PlatformICN = Equity shares in the ICONOMI platform as a whole (ICNX,ICNP,OFM). You get dividends in ETH paid out weekly when we start getting profits on funds.
ICNP = Performance fund run by the Iconomi team. It invests ONLY in ICOs and has 7K BTC to spend (that was the overflow in ICO over 10K BTC raised). It currently is owned by ICN investors with no official date for extra investments as it has enough funds for now. The first investment was 5K ETH in Golem, second was 9.76% FREE Byteballs by connecting our 6900BTC wallet.
ICNX = Similar to an ETF with underlying cryptoassets meeting specific criterias. This is an index fund of crypto tokens that gets rebalanced on specific intervals or if a threshold is met.
OFM = Open Fund Manager where anyone can be a fund manager. ICN holders get a set fee while the fund manager can set his own.
