Whats making the price hit up? I actually thought it will plunge down that ICN will eventually close after de laring bankcruptcy but I guess not still. Have the geam already made up their mind and decide to make icn token useful at some point in their platform?
ICN is one of best projects out there, no way it would go bankrupt. The project is built on solid foundation, they'e one of the rare projects, that actually have a working platform with real users making real profit.
The price has been low in my opinion because there's a lot of FUD SEC might recognize ICN token as security. And when Kraken was the only exchange with noticable volume of ICN tokens whales controlled the price and were pushing it down to collect more cheap ICN. And low price made very pesimistic climate around the project. Many investors were also cencerned because of lack of marketing.
Recently they opened DAA platform and atracted some big names to become DAA managers. This will bring new users, new stream of revenue and attracting big names is also a kind of marketing. Big names will attract more investors for sure.
A few days Q3 ha also ended and they will burn ICN tokens with profits from Q3 or maybe they already did, so less tokens in circulation will drive the price up. Were awaiting their Q3 report and I believe it will show very good results.
So the climate around ICN is slowly turning better nad the price follows.
The team stated in their AMA's that ICN token will have some use on the platform, probably it will be needed for users to become DAA managers. But they don't have details about it yet. They're primary goal right now is to make DAA platform open for every user, so very user could become DAA manager and earn from other users investing in his choice of tokens. Of course the token can't be used to pay for users to become DAA managers if it's not even possible to become DAA managers on the platform yet.