Quote from: DualScience on November 19, 2017, 02:37:06 AM

Quote from: Crypto_Jay_99 on November 18, 2017, 09:35:29 AM

Strange that ICN price is tanking further.
November AMA is not really convincing, but I didn't really expect anything to be honest.
Probably there will be a bit of a delay in releasing the platform. I hope to have some good news by jan/feb next year...

Strange? Have you seen the Q3 numbers? With Q3 rate it will take 222 years to burn all the ICN tokens but only a few years to use all ICO money for operational expenses and only if they will not use more ICO money to fund their pet project and not loose more money due their technical incompetence. They have already spent $57M ICO money to launch their private companies Columbus Capital and Cofound.it from which ICN investors have nothing, no fees, nothing. You basically gave your money so they can play with it and you are getting no return. They've also lost all Eth, $36M due to Parity bug, so from $120M ICO money they have less than $30M left.

After a year they have shown no real income, all promised features are still just a promise and they are increasingly hostile to their investors. Today their CIO lost his nerve:

Quote

Actually Im not patient anymore. This community feels like backstabbing all the time (with few bright exceptions), searching for slightest details to s**t on. Might really have been last monthly AMA because of how things are going.

In a year, they will channel out ICO money for their bonuses and new pet projects and the $120M ICO money will be gone and ICN with it.

If I cn is down, there would be more buyback and nobody wants all icn to be burnt.If only 1 millions are burnt, it will make a huge demand supply gap