https://www.reddit.com/r/ICONOMI/comments/63rjxv/question_for_all_the_questionmakers/nice little thread there with some pertinent questions:
for example
If you invest in a small start up in the conventional economy, do you expect to speak to the executives on slack everyday? Do you expect to have every question you ask on reddit and other online forums answered?
No, but usually investors have access to business plan, financial reports, etc. (I am a startup co-founder so I know how it works.)
ICONOMI doesn't seem to be very transparent in this respect. For example, I'd like to know fee structure on ICNX and ICNP. That kind of stuff should be in the business plan. But it isn't available anywhere, as far as I can tell.
Also, standards for funds are much higher than for "small startups": they are expected to post NAV on daily/weekly basis. Even in crypto space people do that.
Instead of having a clear policies and clear reports, ICONOMI is like "we have earned some money, will buy back!". This is extremely unprofessional.
dude, at this point we do not even know where, or even if, they incorporated. consider how crazy this sounds. I tried looking for it and this is the only thing I found:
https://www.reddit.com/r/ICONOMI/comments/5vi3go/details_please_on_iconomi_inc/de2xpmi/so, if anyone from the team reads this, please, where are you incorporated? and do the ICN tokens still represent ownership
I agree with your point they are always just keep telling about got involved in this project and got this much profit but never ever got disclosed that how much % they have got involved in that project and how much % of profit got earned by this much % of investment happened. But i am seeing that lot of users we should say as troll users who are just posting ICN TO MOON, SUN so on and just fuding this coin.
Hope that at the end it does not end as biggest scam of 2017 and biggest ever crypto scam where fiat investment also got involved.