The reason behind EOS' success today
Today EOS announced several things, which so far has made the EOS token jump 17% (at time of writing). Now, despite this being a minor change in the world of cryptocurrency, let me explain the 2 specific things that causes this change.
- Tokens on top of tokens
So IQ, the first encyclopedia on a blockchain, announced that they will NOT do an ICO and instead they are going to distribute the tokens through EOS users. This is the start of an EOS system, which is an interesting thought - you buy into a community of tokens, dApps and the like all of a sudden. - EOS will drive community with $1 billion possible VC
So through the ICO of EOS, they have gathered a lot of money. This money will now be invested into the community of EOS, thereby allowing possible entrepreneurs to get funding for their ideas as long as it is built on the EOS platform and adds to the community.
So not only has EOS proved today that a community is forming around the coin, they are also going to accelerate this through venture capital that they have acquired from the backers of the coin.
All in all, it seems like EOS is having a bright future!
What Next!
https://steemit.com/ico/@salahuddin2004/27vhpo-eos-trying-to-break-usd12-next-target-usd20
It is already a good amount past 12 dollars. It is currently breaking 16 USD - so you might be right that the next goal is around 20 USD.
true
Congratulations @ebager, you have decided to take the next big step with your first post! The Steem Network Team wishes you a great time among this awesome community.
The proven road to boost your personal success in this amazing Steem Network
Do you already know that awesome content will get great profits by following these simple steps, that have been worked out by experts?
In addition to all these things, I'm increasingly impressed with the move to support the EOS ICO with Ethereum. They're helping what is probably their closest competitor, Ethereum in the short term, but gains control of a staggering amount of ETH so when the time comes and all Etheretum EOS tokens are claimed on it's own blockchain, the EOS team have a huge stake in their competitor, and can sell out, driving down the price of ETH at the exact time they'll have all the hype of starting their own block chain. I don't know if this is genius or evil genius 😁 Time will tell how this will play out. EOS is sitting with a pretty strong hand IMO.
Just calculated how much of of ETH circulating supply EOS has from http://eosscan.io/ - Currently 3.14% of all ETH has been donated to EOS. This is only going to rise up until June. Interesting.
Congratulations @ebager! You received a personal award!
Click here to view your Board
Congratulations @ebager! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!