What are you BUYING with EOS? NOTHING!
According to the EOS contract text, you are NOT BUYING access to the EOS platform, network, information, profit sharing, assets or ANY OTHER THING OF VALUE. In fact, the text is saying in no uncertain words, that the token will have NO VALUE, NO PURPOSE, NO UTILITY. Here are a few of the terms in the contract:
"1.4. EOS Tokens. No Purpose. As mentioned above, the EOS Tokens do not have any rights, uses, purpose, attributes, functionalities or features, express or implied. Although EOS Tokens may be tradable, they are not an investment, currency, security, commodity, a swap on a currency, security or commodity or any other kind of financial instrument. Company’s Use of Proceeds. Buyer acknowledges and understands that the proceeds from the sale of the EOS Tokens will be utilized by Company in its sole discretion."
"7.1. No Rights, Functionality or Features. EOS Tokens have no rights, uses, purpose, attributes, functionalities or features, express or implied. EOS Tokens do not entitle holders to participate on the EOS Platform, even if the EOS Platform is launched and the EOS.IO Software’s development is finished and the EOS.IO Software is adopted and implemented. 7.2. EOS Platform. Buyer should not purchase EOS Tokens in reliance on the EOS Platform because EOS Tokens are NOT usable on the EOS Platform and do not entitle Buyer to anything with respect to the EOS Platform."
READ THE CONTRACT. This thing has NO value, will never have any value. So, again I ask the question What are you buying?
Same as any other coin. Bits and bytes. The perceived value is what drives the price.
That is very, very interesting fact. I would have thought that a coin has a function. But if it hasn't then it is one big scam!!!
I guess you just have to get in and out before everyone and hope you don't get caught