ICOM
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ICOM
What is ICOM?
In its simplest form, community trading is similar to the stock exchange you might do when traveling abroad: a trader buys one currency and sells another, and the exchange rate constantly fluctuates based on supply and demand.
ICOM (IRAIC COMMUNITY) are traded on the community exchange market, a global market that is open 24 hours a day, Monday through Friday. All community trading takes place on the IRAIC.TRADE marketplace.
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The vast majority of trading activity on the ICOM marketplace occurs between individuals, traders, entrepreneurs, people working for banks, fund managers, and multinational corporations. All with the intention of Buying and Selling ICOMs annually based on exchange rate fluctuations according to the economic sector where they invest.
How ICOMs are traded
All ICOMs are assigned a three-letter or four-letter code.
All ICOM exchange transactions are expressed as a combination of the two ICOMs being exchanged. The following ICOM pairs are an example:
ETSC/ICOM
LBCV/ICOM
VYC/ICOM
COLT/ICOM
EMDA/ICOM
How ICOM exchange transactions are quoted
Each ICOM pair represents the current exchange rate of the Community company or venture. Here's how to interpret that information, using the VYC/ICOM as an example:
The code on the left (Viejes Y Cafe) is the Community company.
The code on the right (the Community index) is the one that issues it.
The exchange rate represents the amount of quoted ICOM that is needed to buy base ICOM. As a result, base ICOM is always expressed as a unit.
What drives the ICOM market
Like any other market, ICOM prices are set by supply and demand from sellers and buyers based on the outcome of the IFCOs. However, there are other factors in this market. Demand for certain ICOMs can also be influenced by the pace of economic growth that drives the appetite of angel investors and venture capitalists.
ICOM trading risks
Since ICOM trading is based on young companies or startups, greater leverage is required and if not received, the returns can be minimal or zero, while the process of leveraging for its growth takes place.
This leverage is excellent if an investor trusts the company or startup, which makes the ICOM a winning company because it can magnify the profits.
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