Can someone help me understand why someone would benefit from holdin ICN now? I understand my "stake"/"portion" of the company will increase but what's the benefit of that? Also, assuming no one is buying how would price increase other than by the devs making "mini pumps" as they buy and burn
With burning coins, maybe the price of each ICN would get higher (its no guaranty about this), but in order for you to actually use those gains you would need to diminish your amount of ICN and in the end have none. So, if the project its a success you will be able to actually enjoy the gains only by getting out of the project.
No!!!ICONOMI burning coins INCREASES YOUR PROPORTIONAL SHARE in the ICN tokens that are left. If you then choose to go and sell just enough coins at the theoretical slightly-higher price to PUT ONLY THE TRANSMITTED PROFIT IN YOUR POCKET, then the coins you have left represent the SAME PROPORTIONAL SHARE IN THE ICONOMI PROJECT that you had before the burn / profit distribution.
IF you correctly limit your personal ICN token sales after a burn / profit transmission, THEN you maintain a constant proportional level of ownership in overall ICN tokens PLUS you put profit from the ICONOMI project in your pocket. BURNING PROFIT ICN NEVER FORCES ANYBODY OUT OF THE ICONOMI PROJECT.
THE KEY METRIC IS NOT HOW MANY TOKENS YOU HOLD - IT IS MAINTAINING A CONSTANT PROPORTIONAL OWNERSHIP IN THE PROJECT.