****
Stratis is currently about 8x its ICO price. Stratis has been the most profitable and successful ICO if 2016 and funny its on no ones radar. Iconomi has been dissapointing, between false release dates, already march and still nothing when we were supposed to get the ball rolling in December and I suppose an index isnt a good thing when BTC and ETH are kings
yes I have forgotten about that but Stratis was project that got 800BTC in total when BTC was at 600-800$ so initial investment there was like 500k market cap.
Such market cap can be easy manipulated or moved up by investors who missed it out. I was more referring to projects with higher market caps where is more people involved like Lisk Waves SingularDTV.
If you look at lets say stratis top at 14k sat and today 8k it is like -40% while ICONOMI have -50% from its peak.
Abut that December start it could be disaster IMO because of security and testing.
I agree they fucked up with ICNX start trading in December - I was pissed off I must say
But once I have slept with that I realized that starting such thing in a month after ICO without hackerproof tests could lead to disaster.
****
I suppose an index isnt a good thing when BTC and ETH are kings
So far those coins were rising so having them in index give a lot profits to ICNX holders.
After rebalancing correction will be less painful for ICNX token holders.
And this is + of having ICNX than solo those coins.
ICNX index was desingned to consider from top currencies so I don't see anything wrong here.