Post
Topic
Board Tokens (Altcoins)
Re: [ANN] ICONOMI - Digital Assets Management Platform
by
Enjorlas
on 09/06/2017, 02:47:02 UTC
I personally like the idea of market buys, and will use my significant share of ICN to vote in that direction if possible. I don't know about 70% market buys though. Perhaps 20-30% is a calmer number.

But one thing is for sure, if Iconomi doesn't start market buying with their profits, they will quickly have $millions worth of assets backed up sitting in buy orders on exchanges. For example, there is only around $1,000,000 worth of ICN for sell on Kraken at any given day, but the ICNP is already sitting on a potential $9 million worth of buybacks if they break even on all sold investments. If they don't use some to market buy and move the price, nobody would ever sell.

Also, a liquidity fund is unnecessary if Iconomi is going to be setting up buy walls on exchanges. If you need liquidity simply dump into one of their walls.