The first buyback is only around 85K ICN's...spread over 90 days.... so they go to buy back around 1000 ICN a day.... that's nothing...That will not effect the market price... For me the decision to go the buyback way is 100% against what I expected and what was promised with ICO. We are owner of the platform, and Iconomi decides to change the basics. That's not fair in my opinion. I want ETH as Dividends... my % of Iconomi would be the same...but I would earn ETH, which in few years is 1000 times more worth than ICN.
is clear that you don't understand what is going on, so do me favour and read this article and stop the fud.
https://medium.com/@theDAOKING/the-iconomi-burn-crypto-buybacks-f9edb30530fe
I can read...and I can do math.... but you seem to be naiv. Why Fud?? I loved the project.... my ICN's were on Iconomi site since ICO.... but today transferred to Exchange. Now only day trading. No more holding.
With Dividends, I would have to do nothing.... just getting ETH every week. Now I will have to see if price went up, have to sell some, do calculations to maintain % of Iconomi etc. Good for Iconomi, bad for Investors that wanted mainly ETH as dividends. As more as I think about, more I think I gonna sell all my tokens. Take this nice profit from ICO and buy back into ICNX or ICNP.
by all means, do it, sell it all, let me be a fool for buying them
I can see...one more child with 1 ICN...hahhaha.....Ok, will do, gives me over 400% Profit from ICO... more than good to me.... will be happy to buy them back later for 0.000250 again... and then sell them to you again for 0.0006
Wow, so you confess that your entire motive is to sell ICN at 60k+ satoshi then FUD campaign about "muh dividends!" to try to buy back cheaper for profit.
Absolutely not..? My goal was to have as much ICN as possible to get passive income in ETH. I had until today untouched ICN on Iconomi and planned to hold long time. Besided I daytraded on Kraken to get more ICN. This is now not possible anymore to get passive income from Iconomi... I will have to actively check and sell, calculate my % of Iconomi etc...this was not what I bought ICN for.
I wonder if somebody is not an absolut fan of Iconomi here, he's considered a FUDer... come on...