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/biz/ - Business & Finance

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17018634 No.17018634 [Reply] [Original]

tfw just stumbled upon a coin that has already had threads here, but nobody seems to be actually researching it
>tfw wanted to go all in, but I can't because I'm a burger and it's only available on IDEX and GBX, which both have KYC
I am going to spill the beans on ICNQ for my nonburger friends, and hope that karma or some shit pays be back down the road.
>250k Market Cap
>Company registered in Germany, not some sketchy Cayman Islands shit
>Team believes that financial instruments such as stocks, bonds and derivatives will be secured on-chain, leading to an exponential growth of crypto assets.
>Just secured 7 figure funding from high-tech-Grunderfond, a German VC firm founded in 2005, with 880 million USD in assets
>Has also received investment and partnership from FinLab, a publicly traded Fintech builder who manages a €100 million EOS venture fund backed by block.one
>Aiming to be a blockchain and crypto focused VC and acccelerator that will launch security token offerings, as an alternative to traditional stock listings, as well as ICOs.
>Will also provide passive crypto asset index investment vehicles (Crypto ETFs)
Source on Investment from Grunderfond themselves, not some literally who blog:
https://high-tech-gruenderfonds.de/en/iconiq-holding-closes-a-seven-figure-financing-round-as-finlab-increases-its-stake-and-germanys-largest-vc-high-tech-grunderfonds-invests/
Tell me how this isn't an easy x100? I'm fucking pissed I can't drop 1k on it right now.

>> No.17018651

Germany is more sketchy than Cayman islands desu.

>> No.17018655

>>17018651
Yes one of the biggest economies in the world is sketchy

>> No.17018684

>>17018655
germany is collapsing

>> No.17018691

>>17018651

They really went down hill after 45.
But even so at a cursory glance if any of the info in the post is right it might be promising so i'll make an exception and actually read up on a biz post.

>> No.17018695

>>17018634
90% of businesses fail in their first year but yes my friend easy 100x sir

>> No.17018698

>>17018684
"Ok"

>> No.17018701

>>17018655
Not sure what you mean by this considering the biggest economy (China) is also the most sketchiest

>> No.17018726

>>17018684
Germany is the healthiest economy in Europe. It lifts the whole of EU alone. Every single EU country is worse off than Germany and has less economic production and activity.

>> No.17018732

>>17018701
But it so has a lot of good things, but ok fair point

>> No.17018776

>>17018726
economy isn't the only factor in collapse

>> No.17018866

>>17018776

Coal tax rises every year, soon enough they wont be able to bear the costs.

>> No.17019356

Imagine not seeing this unpolished gem

>> No.17019425
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17019425

heavy bags op?

>> No.17019510

>>17019425

Weird how there’s only 2% of the supply avaliable on exchanges if all hope is lost and people just want to dump their holdings.
Almost as if they know something we don’t

>> No.17019561

>>17019510
Weird

>> No.17019574

>>17019510
what exchange?

>> No.17019600

>>17019574

idex check etherscan.
https://etherscan.io/token/0xb3e2cb7cccfe139f8ff84013823bf22da6b6390a#balances
220k tokens are on idex.
with the 10 million token burn that's about 2% of the total supply.
People are accumulating and holding and have been for quite a while now.

>> No.17019682

>>17018634
Just came here to say I'm not investing in people that stand on furniture with their dirty shoes

>> No.17019683

>>17019600
What will the burned times be used for?

>> No.17019721
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17019721

>>17019683

the burned tokens are burnt they can't be used for anything and are out of circulation.
More tokens will be burnt in the future since 20% of the management fees will be converted to ICNQ bought on the market and burnt.

>> No.17019843

>>17019721
So 20% of 1 million? Nice

>> No.17020189

>>17019843

Not sure what the total investment level is right now but they started their maltese BITA20 public investment fund a couple of weeks ago for a trial run but the management fee is 2% so 20% of the fee will be market bought and burnt in ICNQ tokens.

>> No.17020623

>>17020189
BITA soundsike such a big scam I don't even comment more

>> No.17020687

>>17020623

Dude it's just the name of the index fund they're tracking.
Composed of the 20 crypto tokens with the most volume on cmc excluding privacy tokens.
I'm guessing that's because of some regulatory fuckery.

>> No.17020704
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17020704

>>17020687
>DUdeeEEE

stop talking like a teenager

>> No.17020751

>>17020704

Oh ffs just google "MTA200106MT1602" that's the legal designation of the fund.
You'll find it in the list of active European investment funds.

>> No.17020772

I found this last year and thought it looked pretty good too. problem is, it's not a hype token. the crypto community isn't going to moon this token, and adoption isn't real....so it doesn't move. it's kind of like buying RLX. looks great and the team is working on real shit, but crypto people aren't excited about it.

also, this token had a hard past I believe. got dumped way the fuck down after ICO, so like RLX, it's dead but still being worked on. if you buy a token like this, don't expect to ever be able to break even or profit. maybe you will, but it's unlikely. better to pick something that actually has liquidity.

>> No.17020785

>>17020751
Sounds like a fucking Chinaman virus not googling shit

>> No.17020791

>>17018634
also, stop being retarded. it's easy to buy tokens on IDEX as a burger.