Post
Topic
Board Tokens (Altcoins)
Re: [ANN] ICONOMI - Digital Assets Management Platform
by
The Crypto Baron
on 27/06/2017, 23:55:17 UTC
When the 13 million remaining ICN are released to the team won't there need to be a more transparent buyback procedure. If the team knows when buybacks will occur this will give them the ability to sell at an opportune time. I trust Tim, Jani, and the Devs will probably hold a majority of their tokens because they believe in the project as much as anyone else. This still creates a situation where if they were to unload a portion the inside information they have could give them an unfair advantage over the market. I also do not think they themselves would intentionally manipulate it but if say you knew you were going to sell % to cash out to bitcoin/eth/fiat and you knew when the next buyback occurred it would give an advantage.

Thoughts?

Disagree.  It would be in their best interest to HODL until after buybacks AND to use the buybacks to inflate the price as much as possible.

Good for us.  Cool