Quote from: CrytoMachine_11 on May 14, 2018, 09:51:23 AM

Quote from: RichardReMark on May 13, 2018, 08:38:45 AM

If a fiat gate way takes a year why not become a Binance competitor a Iconomi exchange first i see the Binance tokens get burnt buy the millions. And see exchanges poping up everywere like its nothing why is this something for iconomi? I dont care for the fiat gate way or events/audits.

I'm sure they've considered it, but their original aim was to become more of a fund manager...
So they're working on that first... Very different business model.

But I agree, the Binance model for the BNB token might be good to copy. E.g. give 50% discount if people pay fees using ICN.

why not let them pay the whole fee (it's small anyway) ? iconomi is gonna convert it right away into ICN in the near future. Nobody is forced to buy ICN this way but the fees are translated to ICN anyway. We lose something like 0.10% or less from the actual fees during the conversion instead of 50% discount for using the ICN token to pay.
I'm sure Iconomi can do the conversion BTC/ETH > ICN cheaper than is for the average Joe to do it himself. That means in the end it's cheaper and easier for the customer to let Iconomi do the conversion for him, but for us it's the same Wink

There's also more volatility that comes with such a system. Where would be the advantage?