/biz/ - Business & Finance

So supposedly Icon is coming out with staking soon. Do you guys think people will buy this up and it will go on a run (kind of like how NEO did), or do you think nobody will give a shit?

I'm tossing up between buying ICX, ADA, or XLM.

Honestly, I was probably the most bullish bizraeli since January on this shitcoin. Every fucking day, I was reading about this all over biz, twitter, thepub, reddit.

The truth is, nobody gives a fuck about ICX. They are doing a good job recently (now), but they're behind on their roadmap and the crypto world seems to have left them behind. If you look at the 7 day snapshots on coinmarketcap, you'll see that the alt market has been drying up, especially ICX. When BTC was 7-9K, ICX was a few dollars. Now it's ~.60

1) People think they are just gonna market buy $5m on Binance for their buyback so they can get dumped on. Lol no. They'll probably buy from Pantera OTC (whatever bags Pantera has left)
2) Nobody gives a shit about ICOs, let alone Korean ICOS.
Webloc, one of ICON's ICOs is literally buying comments/likes/retweets to hype themselves up.
https://twitter.com/webloc_io/status/1041965965875929088(embed)

They're supposed to be a "marketing company"

3) They lost the bid for the Korean Customs. Samsung SDS is going to use it on their chain now

4) There are NO outside developers working on it. They released it to the public, and only 1 dude named Spl3en is working on it. If you check telegram, it took him days to figure out how to run a node from their shitty code.

5) Nobody gives a shit about dApps. That is evident by ETH and EOS abysmal dApp usage.

6) Their staking info is coming out probably in the next week when the swap is done. But don't expect it to cause some NEO type run. Nobody cares, especially in a bear market.

7) Min confirmed in an interview with Blockchain Brad (which only got 2k views on youtube, even after being shilled on Reddit and ICON twitter, just goes to show how small this market is), he confirmed that interoperability will take 3 years or more. So all these "MOUs" supposed to connect to the "ICON NEXUS" won't see ICX transactions for 3 - 5 years. No use to hold the coin now.

It'll probably move with BTC, but a moonshot? doubt it.

ATTN ICON INSIDER

Now that August is over and the August meme is done, what’s in store for September?