The joke of all this is that the 'new economy' is built on TRANSPARENCY and TRUSTLESSNESS.
If profit distribution was done through a smart contract - that's new economy.
Instead, investors must trust that ICONOMI will continue their buybacks.
When asked if there is anything legally binding ICONOMI to continue buybacks in perpetuity, ICONOMI ignores any/all questions.
We went from a TRUSTLESS system of profit distribution to a TRUST-REQUIRED system. This is a big deal! And it certainly isn't new economy.
Major caveaut to any of this - As with any crypto ICO investment, you are inherently trusting the team behind it. I'm not saying that this entire process should have been trustless. When I invested, I put my trust in ICONOMI.
My concern is how things have changed since what we were sold on during the ICO stage, and the resulting lack of proper communication/transparency from the ICONOMI team as these changes were made.
The model has changed significantly and the resulting investor concerns were never sufficiently addressed. The way ICONOMI has acted since announcing the Buyback program is inadequate in the old economy - and certainly inadequate in the new economy.