I think there is a great deal of regulatory risk with this token that people here aren't taking into account.
What risk? I dont see any risk. If there is, we all move to Japan!
The risk is that the SEC brings an enforcement action against Iconomi for selling unregistered securities (ICX) or for operating as an investment adviser with respect to the platform. This could cause Iconomi to shut down completely.
Hello again Cryptoinsiders! We missed your FUD

What have you been up to the past couple of months? How did your campaign to make SEC close down Kraken go? Not too good? Anyway welcome back

I'm not sure who you are referring to. To be clear I think this is a cool project and it fills a need in this growing industry (gaining exposure to assets by tracking an index). I have a very small amount invested for speculation, but I think this project will have to be dismantled in the mid- long-term and it will be replaced by something regulated. As a securities lawyer, in my opinion this is probably the most obvious target for an SEC enforcement. After this one, I would say Digix (which I'm also invested in).
edit: spelling error
As a SEC lawyer, please explain how can the SEC shut down a company that is not registered in the US?
ICO was back in September, btw.. And they had KYC for fiat deposits above 1000 usd.
The platform won't let anyone buy or sell any Iconomi product, such as ICNX before a phone verification, and US numbers are excluded from using Iconomi products.
Probably additional tiers of verification are coming.