Iconomi Financial Report Q1 2017 incl. burn rate
Burn rate
Q4 2016 : $636,056
Q1 2017 : $562,542
Q2 2017 : 1,000 ETH will be used to purchase ICN in a 90 day period starting from 1st of April 2017.
"Also our next financial report will provide the smart contract which will show all the tokens that we have burned in the previous quarter."
"The amount of ICN burnt will be updated on a quarterly basis and everyone will be able to see it on the smart contract and in the quarterly reports."
"After Q2 we will publish the smart contract showing all the burned ICN tokens. This smart contract will not have any options to withdraw ICN, which means the tokens are locked forever. You can not move tokens out of a “black hole” smart contract as there is no send function, and the contract has no proxy method to deploy a new contract. We originally thought about using 0x000000 address, but this could mean burning would be temporary due to EIP 156 (you can read more about that here https://github.com/ethereum/EIPs/issues/156)."
Bonus infos if you already got so far : "our hot wallets will be insured. We are currently in talks with an insurance company to work out the details to put this in place."
Source : https://medium.com/iconominet/iconomi-financial-report-q1-2017-a1b9dff59e2c