Quote from: xtyling on March 28, 2017, 08:07:01 PM

Quote from: equator on March 28, 2017, 07:59:41 PM

Quote from: aidia on March 28, 2017, 07:49:48 PM

This is amazing news for ICN holders!

We cannot tell whether this move is good or no, because this move is in favour of ICN only but for holders they wont get dividend if they plan to cancell it in future.

If holders want to cancel in future. They just have to sell their coins and take the profits. Burned coins will make the market vlaue higher for remaining ones

^ This. It's effectively just a dividend reinvestment program to save them (and us all) distribution costs. It's a great idea.

Repurchased and burned coins has an absolutely identical impact as someone who invests in something with a dividend reinvestment program by reducing the total float.