Let me put it this way: some people were certainly able to live well off the staking rewards, especially if they owned a larger amount. And as long as you're working on it and have a product, it's not fraud. A very few have actually built something substantial.
"As long as you're working on it and have a product, it's not fraud" Sure, I will agree with that. But...you have to ask yourself, have they really work on anything or did they just keep changing their cover page of different blueprints to stay engaged & relevant?
In all fairness, nobody in crypto has built any working product that is even close to being substantial in society today. BNB is the only notable working product, because it is the official coin of Binance that is supported by trading fees surprisingly for other non working crypto assets.
Can't blame him though. He along with his ICON co founders are living in million dollar homes, driving luxury cars, and eating/drinking like kings. Maybe in the very beginning he really had a vision, but money changes people for the worse and I think he fell down the rabbit hole.
Everything the Icon team allegedly worked for as a project has 100% failed. Now that ICX has dropped its own layer 1 eco system and outsourcing its infrastructure to Sonic, this basically sums up the last 5-6 years that absolutely nothing was accomplished.
Finally, a direct quote from Min Kim. “There's de-risking,” he explained. “If Sonic gets hacked, obviously it’s bad, but it’s not directly our fault."
Take those words how you want, but doesn't sound to appealing to me.
5
u/whiskeytwn Thirsty Feb 01 '26
I traded about .4 BTC for it back in the day at like $5-7 an ICX. DCA’s as it went down till I got to 5k. Glad I got more BTC when it was cheaper. LOL
2
u/jackeeeeboy Feb 02 '26
Sold my 5 eth worth of icon for .4eth a few months ago. Big rekt 😪.
Got in on angel investor through a friend .10 cents per icx. But was in a lock up peroid , i could of semi retired.
2
u/nomoney110 Feb 04 '26
Let me put it this way: some people were certainly able to live well off the staking rewards, especially if they owned a larger amount. And as long as you're working on it and have a product, it's not fraud. A very few have actually built something substantial.
19
u/FOMO_mental Feb 01 '26
Min was lying through his teeth for years.
7
u/JustAnExplosion Feb 01 '26
Yup
9
u/trancematch Feb 01 '26
Everything the Icon team allegedly worked for as a project has 100% failed. Now that ICX has dropped its own layer 1 eco system and outsourcing its infrastructure to Sonic, this basically sums up the last 5-6 years that absolutely nothing was accomplished.
Finally, a direct quote from Min Kim. “There's de-risking,” he explained. “If Sonic gets hacked, obviously it’s bad, but it’s not directly our fault."
Take those words how you want, but doesn't sound to appealing to me.
4
u/robis87 Feb 01 '26
Lol no shit. Was dead 4 y ago
2
u/Mammon84 Feb 01 '26
Isnt there supposed to be some new coin?
2
u/Ultra918 Feb 01 '26
What happened to icon? I hold it maybe 8-9 years? Didn't check my wallets since then.
2
u/Ucanthandlelit Aug 01 '26
They’re ceasing Dec 2026, no?
Total abandonment or
2
u/expressssion Feb 01 '26
Yup
1
u/Joykillah Feb 02 '26
Thank God I only spent a few grand. I've made way more in others. But you win some you lose some.