Quote from: a29654 on March 29, 2017, 12:32:46 AM

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

There are only two reasons to hold ICN tokens.

Reason 1 to hold ICN tokens: You think their price will go up.

Reason 2 to hold ICN tokens: They determine your fair share of ICONOMI profit from platform fees (OPM), index appreciation (ICNX) and ICO investments (ICNP).

These two reasons existed before today's announcement. These two reasons exist after today's announcement.

Today's announcement has done NOTHING to change the benefit level of ICN tokens, or the reasons to hold those ICN tokens.

All that has happened is the METHOD OF TRANSFER has changed to get your fair share of ICONOMI profit to you.

The original plan was to distribute profits to you as occasional DIRECT PAYMENTS called "dividends".

The new plan is to distribute profits to you as INDIRECT PAYMENTS by raising the price of the ICN tokens you hold.

Before, if you wanted to put the transmitted profit payments in your pocket, you did nothing; they would magically show up in a seperate ETH account.

Now, if you want to put the transmitted profit payments in your pocket, you have to sell an appropriate amount of your more-valuable ICN tokens at an exchange after each "burn amount" is announced.

IF ICONOMI GENERATES ONGOING, GROWING PROFITS FROM OPM, ICNX AND ICNP....

THEN THERE WILL ALWAYS BE NEW BUYERS OF INCREASINGLY VALUABLE, INCREASINGLY RARE ICN TO CLAIM THOSE PROFITS.

THESE NEW BUYERS ARE WHO YOU WILL SELL YOUR "PROFIT" ICN TOKENS TO...NOT DEV "MINI-PUMPS"

The "correct" amount of ICN tokens to sell is that amount making your personal proportion of all ICN tokens held worldwide to be the same both before and after a quarterly burn.

This action transmits the "correct" amount of profit to you, just as if it had magically appeared in a seperate account as ETH.

Plus, this action assures you have a constant propoortional ownership level of all ICN coins and keeps your fair share of future ICONOMI profits to be unchanged over time.

Plus, instead of being INFLATIONARY like Bitcoin and Ethereum whose number in circulation get GREATER AND GREATER over time, or instead of the original plan for a CONSTANT 100M ICN tokens, the new burn plan makes ICN to be a DEFLATIONARY token whose number in circulation will become SMALLER AND SMALLER. This means ICN tokens are becoming scarcer and scarcer as (hopefully) more and more buyers come into the ICONOMI system. This scarcity should be a major factor in driving ICN prices HIGHER AND HIGHER over time.

Plus...

NO MORE FUD ABOUT UNREGULATED DIVIDEND-PAYING INVESTMENTS = HERE COMES AMERICAN INVESTORS (POLONIEX) BUYING INTO THE ICONOMI SYSTEM !!!

YOU...BET...YOUR...ASS...I...AM...HODLING !!!