Post
Topic
Board Announcements (Altcoins)
Re: [ANN] ICONOMI - Fund Management Platform
by
bias
on 22/01/2017, 13:06:11 UTC
For ICNX is it going to be tradable like any other token? Therefore will be pumping and dumping or do you litterally buy it and see profit coming back? I cant get a clear understanding of this.
In theory, it should work just like an ETF (Exchange Traded Fund). https://www.youtube.com/watch?v=fT7h-TxAUvI

The real benefit though is you don't have to worry about securing 12 different wallets and having to rebalance your positions every few weeks. It is all done for you. I would much rather own ICNX, compared to having 12 different cryptos on exchange that can get stolen or hacked. I also don't have time to manage 12 different wallets and the private keys and keeping track of everything I own.

The cherry on top is each time some one buys or sells ICNX on Iconomi website, 1% fee is charged and paid to ICN holders every week. On top of that, 3% annual fee is charged for account maintenance and is paid to ICN holders as well.

You know we could have a 3th pulse of FOMO (not sure in 2017) - USA investors are allowed to invest/create funds on OFM. If/When this happens it will be after OFM is operational for some time already, meaning it will have big exposure. Then we will see a real pump, USA market is a big thing.

Must read articles in this area:

http://www.zerohedge.com/news/2017-01-21/why-bitcoin-etf-may-not-be-coming-any-time-soon

http://www.coindesk.com/ex-gemini-lawyer-sec-unlikely-to-approve-winklevoss-bitcoin-etf/




True that, but I think Iconomi will get approval. Will take time and money though. USA cannot stay behind for too long, it just doesn't make sense.

El Presidente Trump agrees with you.

http://www.coindesk.com/trumps-acting-cftc-chairman-details-vision-blockchain-regulation/

what is the relation ICONOMI with Donalt trump?
any effect about the price?

Relation between icn and...Donald Trump?! Roll Eyes really now? Huh
btw the Congress runs the show,not..."El Presidente"...