Re: [ANN] ICONOMI - Digital Assets Management Platform
Sure, that is what you would say, but your opinion doesn't really count does it? 
They stated in an AMA that if Iconomi should ever close its doors that they would liquidate all assets and pay ICN token holders with them. And I truest them on their word or else I wouldn't be an investor here.
But yeah, their DAAs are great as well and will give a ton of fuel for the ICN token in the future.
They stated in an AMA that if Iconomi should ever close its doors that they would liquidate all assets and pay ICN token holders with them. And I truest them on their word or else I wouldn't be an investor here.But yeah, their DAAs are great as well and will give a ton of fuel for the ICN token in the future.
I wouldn't say the token is backed by anything. ....
They have already stated that the ICN token is backed by all the assets of Iconomi, meaning all the btc, eth, lisk and anything else that was collected in the ICO as well as their ICO investments. So your calculation is off by miles because their book value is over $400M which means that their price-to-book ratio is around 0.64 according to IcnHoder.com. That kind of price to book value is rare in the real world and unheard off in the crypto world True, people are wary because the ICN token doesn't have any utility apart beeing burnt but that will change soon.
Also as the poster before me stated, the Q4 report always comes out the last day of the month.
My guess would be that its because the token has zero utility. The only thing it does is gives you a cut of 3% of the profits of all the DAAs. Seeing how their Q3 report was abysmal at best its no wonder they arent releasing Q4.
Think about it, if they post profits of $100M (which seems unlikely anytime soon seeing as how Q3 was $50k), 3% of that would be $3M. Divide that by 99M tokens and you get a massive value of $.03 per token.
There really is no reason for this company to have a token other than trying to get around actually being considered an etf. Invest in the DAAs just stay away from the token, its a waste of your money.
True, people are wary because the ICN token doesn't have any utility apart beeing burnt but that will change soon.Also as the poster before me stated, the Q4 report always comes out the last day of the month.
What I wonder is why the performance of the ICN token is so bad, given the active managment of the fund and their good vetting for promising ICOs. The performance is much lower than just the Top20 Crypto index fund.
My guess would be that its because the token has zero utility. The only thing it does is gives you a cut of 3% of the profits of all the DAAs. Seeing how their Q3 report was abysmal at best its no wonder they arent releasing Q4.
Think about it, if they post profits of $100M (which seems unlikely anytime soon seeing as how Q3 was $50k), 3% of that would be $3M. Divide that by 99M tokens and you get a massive value of $.03 per token.
There really is no reason for this company to have a token other than trying to get around actually being considered an etf. Invest in the DAAs just stay away from the token, its a waste of your money.