I don't understand what is the purpose of ICN token and why it was necessary to run a Fund Management Platform. Isn't enough to use Bitcoin and pay dividens to the participants of the project? I may be wrong but in my opinion the real goal of Iconomi project is to get as more Bitcoins as possible and leave investors with useless tokens.
did you read the whitepaper?
Yes, I did and checked it again. Still, I don't understand why you need to create a new token to run a fund management platform if you have Bitcoin, Ethereum and other coins you can build your platform onto.
They're shares. It is as simple as that. When you own a certain percentage of tokens, you own an equivalent percentage of the Iconomi company.
From the whitepaper:
ICONOMI will issue 100 milion ICONOMI tokens (ICN) 10 days after the crowdfunding campaign successfully ends. 100 % of the ICONOMI tokens represent 100 % ownership of the ICONOMI platform, comprising of all assets and liabilities, as well as each and every right and obligation, including but not limited to intellectual property rights, branding and trademarks.
Yes, now it is more clear. So, ICN represents traditional old school economy shares but the difference is that their platform is on blockchain? Similar approach is by Lykke. If you buy Lykke tokens you also get company shares.
