Question:Any plans to address the liquidity / volume? Incredibly difficult to buy a decent amount without skyrocketing the price?
Answer:We of course want to ramp up liquidity by looking into more exchanges and marketing, but we have made the decision to allow the token to grow organically through the business growth rather than spend a great deal on marketing for artificial and short term liquidity. This is the same approach Unibright took as well that is starting to pay off
The other side of this is of course that liquidity requires not only buyers, but sellers as well. We specifically designed the token to be something worth holding large amounts of to unlock ICON class status and added an institutional demand layer through our Funds group
Come see this and other interactions in the
Official Telegram channel between the community and Iconiq Lab CEO, Patrick Lowry.