EOS Cryptocurrency ICO Market Capitalisation and Reasonable EOS Purchase Price Estimate
EOS cryptocurrency decentralized application platform has a slogan decentralize everything, develops very powerful infrastructure for decentralized applications we could ever heard in cryptocurrency world.
EOS is future cryptocurrency that will offer unrivalled performance, scaling and interoperability to the platforms and applications that will launch within it. As project team, defines on their website.
EOS initial coin offering (ICO) started few days ago on June 26.
EOS tokens have no pre-determined price, rather price is set by market demand. The EOS token distribution takes place over 341 days which is expected to provide ample time for the community to familiarize themselves with the project, and base on project progress participate in EOS tokens distribution. This mimic some kind of mining without not giving potential unfair advantages to large purchasers.
It is not easy to predict reasonable EOS token price of not yet implemented project with potentially many obstacles on the way. I developed EOS Cryptocurrency ICO Market Capitalisation and Reasonable EOS Price Purchase Estimate Calculator to find reasonable price for EOS token purchase.
The original idea of creating such tool started with idea of @noaommerrr and his EOS market capitalisation calculator here.
I extend it and this is how it looks today.
Now is included: capitalisation history chart, so we can see capitalisation evolution and estimate demand for EOS tokens. ETH amount contributed over the time chart. Comparison of ETH Raised vs. EOS market capitalisation progress. EOS token price and estimated future EOS token price based on possible future capitalisation estimate. Price of EOS token in each of 341 contribution window based on contributed amount of ETH tokens.
Here are some screenshots, how it currently looks.
We can select our EOS token purchase contribution window wisely, since EOS token price is shown in 341 periods contribution window chart!
Here is: EOS Cryptocurrency ICO Market Capitalisation and Reasonable EOS Price Purchase Estimate Calculator for your free usage!
Take Care and Enjoy!
Im not a big fan of the 100 billion token supply currency's. They will never hit a value as high as Eth or Bitcoin, Zcash, etc...
bitcoinbill, I never understood why do people talk about total token supply and price of each token. What matters is what % of market cap you own. You should not care if it's 10 cents or 1000 dollars per token or how many tokens are total. You should only care about your % of ownership multiplied by market cap and comparison of that marketcap to other networks marketcaps. That's it.
The only places where number of decimal places of each coin price vs USD matters is retail and exchange trading where people have to see prices with too many digits. In this regard current Bitcoin price around 2500 is quite inconvenient compared to EOS price - around 3. Currently I find it more convenient to trade ETH vs USD than BTC vs USD. So Bitcoin is weak compared to ETH and EOS even in those places where price per coin matters.
Of course, if people would agree to give names to certain fractions of % of ownership and all exchanges and retailers would price in those units then price per coin will become irrelevant too.
Let's name 0.00000001% of coin ownership with nano prefix + coin name and start comparing price of nanoEOS vs nanoBTC vs nanoETH. Now your statement translates to nanoEOS "will never hit a value as high as " nanoEth or nanoBitcoin. Today nanoEOS = 2USD, nanoETH = 22USD, nanoBTC = 42USD.
Are you sure that your statement is correct ?
I also believe that all exchanges should trade all coins in such units to make trading experience pleasant regardless of coin rarity. Currently trading in BTC units is not pleasant for me at all. It's convenient only for millionaires. bitcoinbill are you millionaire or billionaire ?
Total supply of EOS tokens is 1,000,000,000 EOS. To correct it. This project is nice, could solve many things. I am not huge fan of huge amount of collected investors money. That huge amount of money is not needed for implementation. Difficult structured ICO that not many investors understand. How to use it to participate optimally? And the most do not know how to participate to make their investment secure? It is very different than investors are usually used to, but they try to participate old way. Just to be fast, and the time counter starts again from the beginning next day. That it is why the prices are over inflated. The project is still in draft state, although we can see nice example of very similar Graphene technology very successful project here in Steem and in Bitshares.
Very good, It's now linked from http://EOS.WTF
Thanks! I hope it could clarify things and help to calm over hype this days and allow people to carefully think about it. And hopefully allow to decide for reasonable price instead of to be first in the market.
Would be great to get the BTC value of one EOS token, given that best approximation of price is Bitmex BTC future contract.
It is all there already. See at the bottom right of the calculator. There is also ETH and USD value.
I see thanks, BTW the timer is 1h too early
Ok. Fixed it. There was set London time, but UTC is even one hour less. Thanks for letting know.
Excellent work! Is "Estimate" the estimate for average purchase price by investing in the ICO or is it the estimate price for exchanges to trade at when the ICO finishes?
Estimate, should be estimated calculated price when ICO finishes, based on previous amount and and rate of ETH contribution during the previous days since ICO start.
I hadn't realized this. I'm so glad I found your tool. It pushed me to invest so much more than I initially thought I would.
I am glad it is helpful. But myself I did not invest anything into EOS yet. I think it is over inflated currently. Although I like the project very much. Now the price is over hyped by my opinion. Long term value could be very good though. It seems to be poker play when to invest. At beginning it could look that you invested in the right time, if you did not sell when it is above purchase price, it could look opposite way later.
How is the market cap calculated now?
The price is around 3,60$ dollars for the current ICO window.
Aw I get it! Because the number of EOS released in this window is very small compare to window 0, it didn't budged the market cap that much. Make sense.
https://docs.google.com/spreadsheets/d/1688z4CC4A6FC2cRWVyLg3DiOwEHSNvm91PL0qCVEYqs/edit#gid=0
I think by mentioning, that it is currently over inflated, I lost at least 1 steem follower. Maybe even lost EOS team also. But it is not popular to tell the true when the music plays. But I can realise few hugely invested whales which would like to go out with huge amount of profit with huge amount of money. In that case the music the most probably will stop for many. Small, slow, late and not upfront thinking investors, which invest at top could easily cry. This ico seems to be very greedy! I think the most people did not realise how this ICO works, how it is structured. It is also not so easy to participate in other ICO windows for people using other then suggested wallet Metamask. That it is why it is overinflated, they are just throwing money to address and looking for easy profit, maybe there will be correction after some time, but not for now. Any suggestion how to improve the calculator is welcomed! I try to verify, if it is calculated properly and improve what I can, what can be made to make it even better. I think about adding a chart which would compare the realtime ICO price with exchanges. To further help investors.
Awesome speadsheet!
Thanks! Trying to make it that way! Hopefully it could help to calm down the over inflated market to allow better investing in the right time. We will see if there will be a window with good price in the future especially. Especially suitable for small investors. Would prefer investing when the price is down not up as it is, that it is why the purpose of this spreadsheet. So at the moment I prefer investing in something else, not going with the crowd. Or investing in EOS the way "dollar cost averaging" could work long term - investing with small part each of the 350, 23 hours window during the year, but it could be time consuming, maybe some automation could help in this case to make dollar cost averaging automatic. I think some script could be made. But maybe I will wait for market to calm down first.
What an outstanding, informative and perfectly visualized "guidance" for anyone who's interested in the EOS-ICO!
I'm with you, that the prices are inflated by now, but as an early participant I could make some fortune.
The idea behind the ICO is a very interesting one, but in my view the time frame is a bit too long, but otherwise it forces ICO token-buyers to dig deeper into the potential that EOS has in the future of decentralizing everything!
THNX and keep on doing your valuable work!
Cheers!
Thanks! There is no point to invest for an investor if there is not a potential reward. So hopefully this could help with rational decision. Not going with the crowd, but to allow to think and decide. And allow to give ourself a question? Is that good investment with potential reward? If the answer is no. There is no point to invest. And it is preferred to wait. Or to do some kind of automatic investing with method of "dollar cost averaging" by investing very small part in each of the window during the year. But it could be time consuming. So some script to allow that could be useful. But maybe it could be better to wait to allow the market calm down. And it seems it is going to calm down, we will see! As early investors we should have the right of potential reward.
why is the market cap in your worksheet showing at ~$1B while the market cap on EOSscan showing ~$2.7B ?
From my point of view the EOSscan market cap is calculated from the current EOS price on exchanges like Kraken etc. and total supply of EOS tokens 1,000,000,000 EOS. That it is why it looks over inflated similarly like prices on exchanges. The EOS Market Cap in worksheet is estimated and calculated differently. It is calculated from the demand of EOS token participation in each ICO participation window. It seems it slows down, that it is why this could be more real market capitalisation expected in a year. We will see! I prefer to not to invest in the over inflated market, where is no potential of reward and high risk, which is currently. It could be hard for the EOS project to remain EOS tokens demand for the whole year the same as it was at the beginning, that it is why this could be real market capitalisation when the EOS ICO is finished in a year. Hope it can be useful for everybody to calm down, calm down the market and allow invest smartly only with good prices. If there is not such opportunity, I am ok not to invest in EOS. And invest into something else in the meantime.
Thanks for the creation of the tool. It's very useful and I've bookmarked it to check often through the ICO period.
YW! Originally I created this tool for myself to find optimal date for my contribution to EOS. Since ICO structure seems to be very complicated. But since I saw that many people simply are throwing money each day without trying to find optimal contribution day and since the price started to be in the bubble in my opinion. Many people do not understand structure of this ICO. Hope that it can be useful and help that the contribution calms down hopefully to be able to participate.
Having a hard time to understand the rationale behind total amount at this rate (=(5+C5-1)*C4/(5+C5-1-C10)), hope you can clarify. Thanks in advance!
Thank you for the tool! It's super useful and I'll feature it, with proper attribution, in my next post.
Thanks! I tried hard to get it to this state! Wanted to make wise decision about this interesting project EOS and if possible to contribute wisely during EOS crowdsale first, then I made it public to help to avoid hysteria in the first crowdsale window. Hopefully it will be useful for everybody to not over inflate value in this very interesting project.
Clock is wrong I think
Fixed.
Ok. Thanks for letting know. Going to fix it. Thinking what could cause it?
Awsome tool! Thanks for sharing it.
YW! Hope it will be useful! EOS seems to be wonderful project.
Yeah, its really interesting! It have the potential to revolutionize!
Btw!
If you could do a tutorial on how to postpone payments for certain days, I am sure that would be a great post aswell! Or if you know a link, it would be highly appriciated.
Yes! Here it is! For Metamask, just use eos.io page. For MyEtherWallet I think it is here: https://steemit.com/eos/@sandwich/contributing-to-eos-token-sale-with-myetherwallet-and-contract-inner-workings
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