Re: [ANN] ICONOMI - Digital Assets Management Platform

Hold on, the platform launched with the first couple of DAAs in Oktober and we got that btc bull run and alts cycle in Dec - Jan. So it was partly running but the problem back then was they didn't do much marketing during the bull run. What and here I agree on you keot the possible burning rate of the ICN token relatively small. However, for at least what I know this will change in the next bull run. So, that's when buybacks really should start to kick in.

Quote from: someonesomeone on August 28, 2018, 01:07:29 PM

During the bull market nothing was up and running on Iconomi, how would they be able to burn anything if nothing was making money yet?

Quote from: ruletheworld on August 28, 2018, 03:58:26 AM

Quote from: muleroaa on August 27, 2018, 06:03:47 PM

Quote from: estenity on August 26, 2018, 11:19:13 PM

Quote from: Topknotbam on August 26, 2018, 08:51:26 PM

Quote from: niksdt101 on August 26, 2018, 07:45:37 PM

anyone got any idea when the next burning will occur . i remember its being said as every quarter, but can someone comment!!

yes, burning takes place at the end of every quarter.

Quote

In Q3 2018 we are continuing with our repayment program using revenues generated in Q2, which amounted to US$404,410 or 888.46 ETH. As stated in our Introducing Fees Payable in ICN blog post, DAA management fees are now collected and converted to ICN on a daily basis and will be burned at the end of each quarter, rather than in the following quarter.

proof - ICONOMI Financial Report Q2 2018

The token burn smart contract can be viewed here.

14,951 ICN burned in 6 months ?

No, the total is 1,069,660 ICN burnt over the past 396 days. You can see the totals here:

https://etherscan.io/token/0x888666ca69e0f178ded6d75b5726cee99a87d698?a=0x0006157838d5a6b33ab66588a6a693a57c869999

During the biggest crypto bull market, the Iconomi team burned less than 600k usd. All the 'expenses' seem to just go to the team, with the ICN investors holding the bag. Where are the promises from the original whitepaper that the team used to raise all this money?