Quote from: xtyling on April 03, 2017, 03:00:55 PM

Quote from: ShineKami on April 03, 2017, 02:51:37 PM

Quote from: xtyling on April 03, 2017, 02:48:15 PM

Quote from: cerejobastos on April 03, 2017, 02:05:10 PM

Quote from: BOVO on April 03, 2017, 01:17:04 PM

Quote from: DomainMagnate on April 03, 2017, 11:34:32 AM

" 1,000 ETH will be used to
purchase ICN in a 90 day
period starting from 1st of
April 2017."
Now you do the calculation how many ICN can be bought with 1000 ETH at current market price.
ICONOMI will buyback ICN on weekly basis over a period of 90 days

So, 1000 ETH per every week or per 90 days?

1000ETH per 90days this time. Next 90 days might be a bigger volume. Always depends on profits made

Just imagine. This is profit without the platform. Profits might just be 10 times further on the next batch

And when will the platform be launched?
Just 1000ETH for 3 months. That's funny.
So they need 10 mln ICN to burn 20 years.

That "Just 1000ETH for 3 months" is only 30% of golem the team sold. If you calculate it right it is more than 3000ETH. But not all were sold

Iconomi do have 9+ % of byteballs, in circulation. Please see the current price and say wow

This was only investment in ICOs and there is still more money to inject and profits to make when the platform is on.

Where did you calculate 10million ICN for 20 years ? At actual price we get to burn around 100,000 Icn coins right now.

Yes, now 100k ICN, but this is for 3 months?
Why stretch test burning for as long as 3 months?
That is 100k * 3 * 4 = 1.2 mln per year with the current scenario.
That is 12 mln for 10 years?

I understand that this is just a test amount (1000ETH) and will continue to be more, but why I try to stretch this sample for 3 months, I do not understand.

Why not do this test burning for 1 month, check everything, and not run the platform?