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RE: Something strange is happening with EOS - Programmer explains
You don't realize or don't take into account that all paragraphs in reality protect everyone from SEC, it's not to scam the participants.And the best way to get convinced , see the past projects from Dan, bitshares and Steem... The terms where theoretically against the share holders... Ask them now if they feel scammed or blessed that they had participated...
True and lets hope for the best and honest doing.... however there is one factor that is called human nature :)
Please explain the value of this token ? According to the issuer this token has no use of any kind and it never will. They are making a completely separate blockchain that will not use this token. This is also not a "crowd fund" because they will not use the money to make the product.
Every current and future EOS erc20 token holder will get the exact same amount of EOS tokens on the new chain afer the ICO ends.
I did not get that information from my research , I would appreciate some link to that if you have it. From what I gather the EOS token has no purpose and does not represent any rights or claims on anything.
The exchange price is being pumped by the creators with the ETH they receive from the crowd sale, you can see in detail here: https://steemit.com/eos/@nsepia/eos-ico-is-a-ponzi-scheme-live-gambling-scam