EOS : Ready for Liftoff?

The newest prospective blockchain from the Steemit creator was announced a few months ago. https://eos.io/

They have a year long Initial Coin Offering (ICO) with a daily distribution pool - it really is an unusual ICO and has been the subject of a fair bit of manipulation. Some people claim that the price is being kept artificially high while at other times people have jammed the Ethereum network to prevent late buyers getting into a round thus being able to buy below market rates.

I have experienced these games by investing a bit with the ICO but it is also clear that it has been having a bit of a lean time as late as anyone can see from the price of EOS tokens.

This can also be seen from the Eosscan.io chart of how much Ether contributed per round

It is now my belief that the downward trend is over and I am going to share with you what I know. Of course this is not investment advice but this is how I think it will play out.

It will all start with a bit of a rally as people in the know start to buy more EOS leading up to the 3rd global Blockchain Summit which will kick off on the 14th September.

That is a pretty big event and, as you can see, EOS is pretty well placed

Good time for an announcement, right! Fortunately the EOS team are very transparent and actually even tell you the plan if you bother to look.

On their, quite busy, github development repository there is this milestone - https://github.com/EOSIO/eos/milestone/1

That is - Test Network Release - Due by September 14, 2017 (47% complete)

That is a full on multinode test network. Any that means EOS will no longer be possible vapourware. Now of course only 47% complete is slightly concerning but that is probably just the finishing phase to get ready. If this release starts getting positive reports then there will be a bit of a buzz.

So after the initial run up and the announcement the EOS team are then heading to London,UK for the large blockchain live event where they take centre stage for what is clearly another demonstration.

Then according to the Github repository, the Beta release for EOS is scheduled to be completed by the end of the year. If it is starting to look like it will deliver on it promises then EOS could be on course for a good run.

2018 will be key for blockchains - scalability will be needed and Bitcoin needs the lightening network and Ethereum needs plasma and both may not be ready. Overall, if EOS can deliver, it will be looking like the shiny new yacht in the marina.