/biz/ - Business & Finance

[Anonymous No.3149422]

Would you guys buy an ICO who's premise was that the company it starts would then buy the coins on the market thereafter?

Like, the ICO funds start a company who's operations require it to be an accredited investor (i.e. needing $1mill to operate). Then the company uses all net profits to buy the coin back. Also assume the company generates close to 100% ROI on capital every 6 to 12 months.

Buy or No /biz/?

[Anonymous No.3149430]

There's an iCO coming out soon that does this. I think it's great. DYOR if you wanna find it I'm not tellin.

[Anonymous No.3149768]

>>3149430
Oh really? What kind of earnings are they saying they're going to be able to put back into the coin?

If I'm in the US, could I start an ICO and just not let US Citizens buy it? Or since I'm in the us, would i have to follow securities laws regardless... Mostly hopeful thinking here.

[Anonymous No.3149790]

Just buy Iconomi.
It does this and way more.

[Anonymous No.3150244]

>>3149790
really impressive, just read their blog.
It looks like they were able to buy back almost $200k/700ETH worth of their tokens. But at a 300m market cap that amount isn't really material. &they've yet to actually profit. Good to see some proof of concept on that end.
If I were able to raise $2m, I could make ~$1m in revenue from unregistered security contracts, put half of that toward expenses and reinvestment, and the other half into the coin, every 6 months. So, the $ amount of coin repurchased would progressively get larger as the reinvestment got bigger.

Is an ICO without a "team" a red flag? Like, I don't need a developer for this.

[Anonymous No.3150328]

How long should it take to sync my eathbase wallet?
I downloaded the wallet and I bought some ETH... yesterday, and I can't see it in the wallet. It seems to just stop syncing sometimes.
My computer and internet aren't shit, It handles modern games easily.