EOS: Initial thoughts on how to play the EOS ICO
How the ICO will be conducted
The EOS Token sale will be conducted on a continuous distribution model for 1 year. 1,000,000,000 (one billion) EOS tokens will be minted at the start of the sale. These tokens will be split into different rolling windows of availability. The tokens for a window will be split proportional to all contributions made during the window period.
At the start of the sale, 20% of the total minted tokens (200,000,000 EOS) will become available during a 5 day window.
The remaining 800,000,000 EOS will then be split evenly into 360 one-day windows of 2,222,222.222222 EOS tokens each.
For example:
20 EOS are available during the window
Bob contributes 4 ETH
Alice contributes 1 ETH
Bob contributed 80% of the total contributions and gets 16 EOS
Alice contributed 20% of the total contributions and gets 4 EOS
How to optimally play this ICO scenario
If the above conditions of the ICO hold true when the ICO is launched I will not be buying during the first week of the ICO. I will be buying in the middle of the period between the initial ICO launch and when the platform actually launches. What I am trying to do is wait for the hype to die down and listen for the crickets to then buy my EOS for what should be cheaper than the initial week. My purchases will be spread out over several days during this lull period.
Keep in mind that during this lull period 2.2mln tokens will be coming into the market every day for around a year. That’s a very high inflation rate without relentless hype.
I would love to hear other’s thoughts on this strategy, leave a comment below.
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I agree completely. This is the basis for my post below. I ask some questions about this very unique ICO structure.
https://steemit.com/ethereum/@kyle.anderson/eos-the-ethereum-killer-with-an-erc-20-debut-what-is-up-with-this-strange-ico
I'm going to be really, really choked if Dan snubs STEEM and BTS and makes us all buy ETH to participate in the ICO. Really??? I'm going to have to sell STEEM/BTS/BTC and buy ETH to get EOS? Why in the hell would Dan want to boost the liquidity and market cap of ETH? Imagine the huge liquidity that would flow into and through BTS if the EOS ICO was through BTS. It would be a massive boon for BTS. What am I missing? Why the ETH love???
Because Fenbushi Capital Endorsement and Blockchain Capital Endorsement. They are great stackholders of ETH
Fenbushi Capital = ETH Fundation
Blockchain Capital = ETH Core
Why they will endorse a company that does not make you dirty rich with what they already have?
http://fenbushi.vc/index_en.html
http://blockchain.capital/
Yes, I've been doing some digging too. The ETH is strong in in block.one and likely most of their investors too. The investors see that ETH is obsolescing and, like good capitalists, have designed EOS as their exit strategy. Fair game. *** BUT *** Dan as lead dev should insist that BTS and STEEM be ICO funding tokens as well.
If all that last 24h BTS buyers understand that they bought something wrong (and it will happen in another 24h), BTS will be dumped hard. And probably die forever. Strange move, @dantheman. Or we don't know something and some days later they will add "We've decided to add those BTS holders to EOS distribution model". While we would dump BTS also.
Trading in the game of lie.
Current BTS pump has nothing to do with EOS. Stan has been plugging a massive forthcoming investment in the BTS ecosystem for a while, and there are obviously some insiders front running. Peerplays is also coming along nicely and will have a positive impact on BTS. Finally, Bitshares is now the world's first profitable DAC.
I was shocked was shocked at first EOS is going to be a ERC token too. Dan wants to get EOS to market as soon as possible and must have determined he had make this move to make that happen.
I'm not particularly attached to any one platform over another and would still be happier to purchase with BTS, since it helps me keep my investment straight as far as I'm investing in this community/idea/group of ideas.
A good investor will never get attached to their investments. This often leads to going down with the ship.
I wish they would give out a share to BTS/Steem holders as well, but maybe it just isn't practical in this case.
About why they don't do the ICO through BTS rather than ETH, that may simply due to a desire to make EOS more mainstream right away, rather than give the BTS community easier access. It could possibly also popularize the EOS token within the ETH community, thus gaining some inside support in ETH and neutralizing some resistance.
That would've been nice financially speaking
Its actually genius... you get the ethheads on board by creating an ico. When they get the information by themselves via eth ico list sites they're gonna learn about the product and participate. Also Dan may take in over 3 + million ethereum tokens on this ico in a short period of time. Im sure the plan is cash them out asap. That should also cause a price drop in ethereum captial leaving the market.
oh wow.... your comment blew my mind. By taking in the ETH and then dumping it, it's like they sucked their marlet cap like a vampire directly out of ETH.
Good tip. I am also considering buying!
This is just what I needed. Thanks! I think I'm going to follow your strategy.
so what is EOS going to do for us?
Check this post I just resteemed to get an idea
This would indeed probably be the best strategy to play this ICO. I do however have a concern about it that could influence the future of EOS as described in a post of mine: https://steemit.com/beyondbitcoin/@deanpress/the-eos-ico-one-major-concern
Great post .
EOS ICO is much talked about now a days.
Here is my experience
I just bought 1ETH worth of EOS tokens today and traded them on the exchanges to make some profit. The profit was not much for the work.
Here is a post about it.
https://steemit.com/eos/@technologygeek/is-buying-eos-tokens-during-daily-token-sale-and-trading-on-exchanges-profitable
still not sure
I know the team do have the solid tech background, but one year long uncapped ICO?? So guess how much money the team will grab from those uneducated investors after one year? 1 trillion or maybe higher, is this insane or carefully designed aka scam?
EOS token sale analysis
https://steemit.com/eos/@steemitanalysis/eos-token-sale-analysis