Post
Topic
Board Tokens (Altcoins)
Re: [ANN] ICONOMI - Digital Assets Management Platform
by
Salmen
on 20/11/2017, 14:57:45 UTC
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.
That's not true. Iconomi said in the Q2 to use less money to burn tokens for the Q3 and what happened? More Tokens were burnt in the Q3 than Q2, although the allocated money is much lower but the low price played the big role.