Some Interesting Questions in Iconomi July AMA
The iconomi team answers questions once a month on reddit. The thread has been locked but expect answers to start coming in over the next several hours. Also there is a q2 report coming up by the end of the month and the iconomi public launching supposedly scheduled for Aug 1. Should be an eventful month.
Here is the thread
and here are the top few questions
I read that post as well. Lots of good questions, but I find answers I could get a little wanting. What are your thoughts on the exchanges? At some point, I would expect it to be worth it for ICN to pay premium to be on a major exchange like Bittrex, rather than just Kraken.
They are answering them later today. Everyone writes questions and votes up the top ones. Then the team answers them this afternoon.
Ah. Well, no wonder I wasn't satisfied. Those were just interested parties trying to answer, not the team. Thanks!
Thanks for sharing this info.
Here are my questions for the Iconomi team:
Most important question in everyone's mind regarding Iconomi is the safety of funds and insurance. Do you plan on getting the assets insured both for the DAA managers' seed capital as well as the investors? Also, it seems as though the DAA managers may face regulatory hurdles and pressure from SEC or other US/Canadian/European financial regulators if they are actually established and operating from those jurisdictions, regardless if their DAA states that it does not allow investors from those jurisdictions as everyone knows how to use a VPN. Things may be fine for a while if the returns are great and everyone is happy, but once a major Iconomi hack/internal fraud happens, or if the virtual assets market turns south (and since the virtual asset market is highly correlated with the top Crypto currencies, it can be a real bloodbath), regulators may start swooping in to protect and even assert control over the funds in the DAAs. So is every manager acknowledging this risk and willfully taking it on? Does the Iconomi team have any plans to have some kind of financial and/or virtual asset licensing requirement that will protect DAA managers to a certain extent? It seems as though the managers actually risk a lot; their seed capital of $100,000 on the platform as well as the potential future regulatory overhead. Or are the DAAs just signal providers for others to follow if they want to in their accounts? In that case, the main risk becomes the safety of funds/ insurance. Please elaborate and clarify.
good post!
I actually didn't have as many scree
Shots as I intended. Check out the last two
Thanks for this post. Please post the responses as well. These ama's are awesome and what great questions. This is one of the few coins im holding right now.