That's what I thought/ feared, thanks for clarifying this :-(

They were for instance affected by the recent Parity hack - and only saved because a white Hat hacker saved them, else they would have lost 13 million dollar. This goes against basic cryptocurrency 101 to have full control over your own coins and not to entrust a third party...

I am trying to get my head around the following: When I buy the BLX token on the ICONOMI platform I can then transfer them to my own MEW. So all good, I control the BLX token. But the actual, underlying coins (BTC, ETH, BCC etc) that BLX then buys on my behalf remain with ICONOMI. Correct so far?

So my question is: If - for whatever reason - there is a problem with ICOMINI (hack, dev run-off, fake news, legal etc) and the platform shuts down, I will not be able to sell my BLX back to them and my entire investment will be lost. Yes, BLX are being traded on an exchange, but that wont help in this case at all, as the BLX token is really only a promise that ICONOMI will buy back your tokens and then give you BTC or ETH for it. And if ICONOMI cannot or will not be able to buy my BLX back, the BLX token is literally worthless.

Is that correct or am I missing something here?

Yeah, but BIONT is asking about the BCH that was promised for ICNX holders at the time. They were meant to receive a proportional amount. Is that still going ahead? Or are they just planning to forget about it and never mention it again? (The Iconomi way to do business)

Also, if they aren't supporting BCH for any features of the platform, why is it included in CCP? ... CCP is a 'feature' of the platform. Surely they should sell it for something else.

Bastards are trying to figure out how to keep ICN afloat...  Idiots.. you should have given us all owners of ICN a piece of ICNX.

Where is the TRANSPARENCY??? "More details will be disclosed nearer the time"  What a bunch of pricks keep all the important info to themselves so they can trade ahead of us like they did with ICNX:

I am furious.

Yeah, I took part in the ICO. Mal never gave me any ICN... but well remembered  

I also wonder where Mal has got to!



You're a silly billy.

If that had been my intention, then I believe I failed at it. Never seen the market move on anything I said  

The only time it appeared to move on FUD was when the old thread went crazy with those guys talking about Jani being arrested etc.

Fun times.

Yeah, I'm fairly convinced it's a non-issue too. People are talking about it as if it's a terrible thing that we need to avoid at all costs.

It's not something that puts a black mark on ICN (or any other token that might be a security). I think the main issue is that ICOs currently represent a space where a company can potentially sell "securities" worldwide, without the hassle of dealing with the SEC in the US. That doesn't mean the tokens are doomed or anything. Just that future projects need to be careful with regards to the US, or actually fork out the money to register with the SEC (and wait for approval), if they want to enter the US market (which Iconomi already knew, and have prepared for)

It's not up to us, or Iconomi, whether it's a security or not. Your reasoning is incorrect. ICN is still arguably a security.

The fact profits are being used to buy back the token doesn't prevent it from being classed as a security. It's still a method of profit distribution, and ICN holders are still expecting the value of their investment to increase.

It is better to stick with the "we don't really know yet" position, than to claim it definitely is or isn't a security at this stage.

As Bigsmoke is active with his moon talk and conjecture, close to an important date, you can probably expect most of his ICN to be sitting on Kraken right now, waiting to dump on your heads  

Yes, ico has been over for 6 months. Kraken and Liqui are the two biggest exchanges that have ICN.

I remember the times i invested some money in this coin and exited when i reach double the profit and that is unfortunate for me, if I only hold my coins until today i have bigger amount of money now in my pocket

Hi All,

Thanks for all your posts, been useful to read some of them and enjoyed the tittie pattern.

I invested into ICN today. Like the idea, they likely have some marketing budget ready to deploy once funds go live, polo could pick it up after people tire of this rally and they want to attract some volume and failing all that ICN might actually make a success of it and not have to rely on hype profit! Quite honestly there are not many fairly priced coins out there in my eyes and this one seemed to stand out. Like the lack or correlation with the "alt rally".

What worries is me is the market cap. I guess one can kind of use this to work out the PE ratio? What can they make a year in fees? If they could make 10m a year this would be pretty fairly priced (4.5). Any thoughts on this? Is my thinking off?

Edit last comment: Be interesting to see if it holds its USD value if/when BTC corrects.

Based on the numbers Jani provided in the AMA 6k beta users is not probable.

"6k users is the number of active accounts we had during the ICO + those that applied for Beta access(180)"

- Not all ICO participants are active
- Not all would beta test anyway
- Not all would be allowed to test in regard to actual transactions
- Overlap in beta access to ICO participants
- Multiple ICO accounts per user

The list can go on but the point is, if they don't plan to take on more beta access requests then its likely they will never get to 6k and will launch before that or enter something called public beta.

ICNX as it is now working with beta users will never go public.
A alternative is in the working.
Just got this message from my friend.
Hope we will hear soon from team

I don't see why Icn worth it anyway? the buy back is 20% of millions they invested in altcoins, golem etc, with investors capital. They did separate Icn in many, and the core value is split,  right? I don't see the point

This is the only good news from the team since ages. Good job Jani and co. Btw is this news legit? any source?

ICONOMI again showed their unprofessional. After I learned that they invested very little in Golem, I no longer consider their opinion authoritative. I'm more of an expert than they are. Gnosis will be huge.

I wonder how the platform once released would affect the Icn coin itself. If btc rise,  Icn won't maintain the value,  but ICNX could,  as is within using the whole market. Right?

Why Apple developer, what does this tell us?
These news influenced the price apparently, it is 10% up, still much more to go until 64000.