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RE: This might be the best time to buy cheap EOS
I've just done research on EOS and I think the idea of a decentralized OS is fantastic but the EOS ICO disclaimer scares the hell out of me.
The system is proportionally divided by whoever has EOS tokens. So if you have tokens you have resources on the system. So far, so cool. Yet the ICO disclaimer states the tokens being sold aren't the tokens which give proportional ownership of OS resources. They have no value in the system apparently.
I've seen many others highlight and question this too. So it leaves me confused over EOS as an investment opportunity.
Perhaps I've missed some information somewhere and I'll gladly be wrong as I love the idea of EOS. I just want to understand. Take care and thank you.
I think your confusions comes because the current token sold during the ICO are ERC20, EOS is using the ETH platform to capitalize the project, but by the time they going to release the platform, the native EOS token will come with it, then the ERC20 will be swapped for the true EOS tokens. Thanks for the comment @fulltiltcrypto
I presumed that, it's what others have done in the past but I found no information to back it up anywhere. May I ask is there information from the team which states they will swap tokens at a later date?
If so, excellent. If not, are people buying EOS presuming they will do something with it later?
Sorry for the questions. Take care and have a great day.