Honestly, is there a plan to make the value of ICN grow overtime ?
What gives value to ICN ?!
Profits turned into buybacks, ok, but what stops the platform from dumping ICN right after ?!
Q: Honestly, is there a plan to make the value of ICN grow overtime ?
According to ICONOMI, they have said that ICN will have a good utility once the platform is 100% complete and launched just before they begin doing marketing.
Q: What gives value to ICN ?!
Currently ICN will be used for buybacks and burn, plus ICONOMI saying ICN shall have a very good utility once the platform is complete and marketing starts. That in it self should be sufficient to give ICN excellent value.
Q: Profits turned into buybacks, ok, but what stops the platform from dumping ICN right after ?!
By dumping ICN do you mean by selling all of their ICN tokens? If so, the price would temporarily tank, but then on the next quarter report there would be millions of profits assuming that ICONOMI becomes extremely popular and successful, another buyback would bring the price back up.
If you are referring ICONOMI getting rid of the ICN token and operating without the ICN token, I dont think this would happen. Repeated assurances that ICN will, keyword: *WILL* have a good utility once the platform is launched lends credence to a fact that ICONOMI has no intentions of getting rid of the ICN token.
Disclaimer: Anything written by me is provided AS-IS, with no guarantees of any kind. Always perform your very own due diligence before performing any investment actions.
This is why Jani's commitment to better communication has fallen on deaf ears with me.
Now it is pushed off till the platform is 100% complete.
Wasn't their launch supposed to be in First quarter 2017 ? But was delayed and delayed ?