Long waited news finally has been announced! This is the most undervalued coin with massive potential and a working product. Quite a few DAA-s contain STEEM as well, for example their flagship one :
And now the full article:
https://medium.com/iconominet/introducing-fees-payable-in-icn-4c466e17a6cb
"We will be implementing another goal outlined in our road map for 2018: the introduction of fees payable in ICN. Further ICN usages will be announced in the future.
DAA Creation
To date, the minimum required seed for establishing a Digital Asset Array (DAA) has been $100K. As planned, to widen the pool of potential DAA managers, we have decided to lower the minimum seed to $50K. In order to maintain an influx of serious, high-quality managers at this early stage, we will be introducing a fee of 2,000 ICN for seeds between $50K–$100K and 1,500 ICN for seeds between $100K–$250K. DAA managers who seed $250K or more will not be charged a fee.
This means that as a DAA manager, you will have the option to create a DAA with a smaller seed amount but an additional fee or a large seed amount and no extra fees. In future, minimum seed amounts will continue to be lowered to allow an increasing number of people the opportunity to create their own DAAs.
Rebalancing
Fees will also be introduced for rebalancing. To date, most DAA managers rebalance twice a month, and we executed these rebalances free of charge. We will be implementing a new system in which rebalancing up to a 10% change in AUM per month will remain free, but if a DAA manager chooses to follow a more active strategy, a 0.1% rebalancing fee on the AUM that is rebalanced over the 10% threshold will be incurred. This new system gives DAA managers the freedom to manage their DAAs more actively.
Tokenization
There will be a 2,000 ICN fee for tokenization.
New Buyback System
Finally, our ICN buyback model will be adjusted to make the best use of these new fees. To date, ICN has been both purchased and burned at the end of each quarter. Starting July 1, 2018, DAA management fees will be collected and converted to ICN on a daily basis, then burned at the end of each quarter. This adjustment allows the effect of buybacks to be more immediately reflected in the price of the ICN token.
Timeline
The DAA creation and rebalancing fees will be introduced in May, together with a suite of back-end features related to these aspects of the platform. DAA tokenization fees will be introduced in April, and the adjusted buyback system will take effect on July 1."
If you don't know what is Iconomi, you can start here:
https://coincentral.com/iconomi-beginners-guide/
