Tezos: An in Depth Look
Background:
From Bitcoin block 473623 to Bitcoin block 475622 the Tezos fundraiser collected 65,688 BTC and 361,122 ETH.
Given the current numbers, a total of 607,489,040.89 will be created in the genesis block for fundraiser participants, a further 3,156,502.85 will be created for early backers and contractors, and 76,330,692.97 each will be created for the Tezos Foundation and DLS. The allocations to the Tezos Foundation and DLS will vest monthly over 4 years. This implies a total initial supply of 763,306,929.69 tokens with 20% locked in vesting contracts.
Initial Total Supply: ~ 763,348,929 (About 763 Million )
Initial Circulating Supply: ~ 610,679,143 (About Six Hundred and Ten Million)
Monthly Inflation from divesting: ~ 3,180,620* (About Three Million / Month Over Four Years)
ICO Valuation : ~ $ 232,000,000 ( Two Hundred & Thirty Two Million Dollars )
Compared to EOS:
Initial Total Supply: 1,000,000,000 ( One Billion )
Initial Circulating Supply: 200,000,000 ( Two Hundred Million )
Monthly Inflation from auctions: ~ 60,000,000 ( About Sixty Million/month over one year )
ICO Valuation* : ~ $ 1,500,000,000 (One & Half Billion Dollars)
*Final ICO Valuation to be determined after one year.
What to expect:
It's obvious by now there are a few projects aiming to compete with Ethereum for the smart contract market.
It's also obvious from the money being invested into these platforms that there is a real demand for an ETH replacement, or in the least to make a few choices available for smart contracts developers. The recent exchange between Dan Larimer and Vitalik Buterin seem to indicate some serious concerns in the ETH camp as to the threat these new projects pose.
Earlier this year Ethereum supporters went as far as making claims that ETH constitutes a major threat to Bitcoin, meanwhile new projects on the horizon are destined to shake the foundation of Ethereum itself. Whether these projects succeed in presenting a better alternative to Etheruem or not, they will present investors with more choices and weaken ethereum's liquidity and support.
After carefully reviewing these projects, the three that surfaced as a major threat to Ethereum are Qtum, EOS , and Tezos.
Both Qtum and Tezos are expected to launch their platforms in the fourth quarter of 2017. EOS will launch sometime in 2018.
Qtum and EOS are currently trading on major exchanges as ERC20 tokens, Tezos will start trading after the platform launches in less than two months.
Qtum returns for early investors was as high as 45X the initial investment. EOS did very well also, the early investors had returns of as much as 6x the initial investment.
My expectations for Tezos is to get an initial ROI somewhere in the middle between EOS and QTUM, 20X the initial investment is quite possible.
An article published yesterday by Linda Xie , Product Manager @ Coinbase.
https://medium.com/@linda.xie/a-beginners-guide-to-tezos-c9618240183f
There are also indications from different sources that major exchanges in the US and China will list Tezos on release.
As we all know bigger exchanges mean more liquidity and higher price. Tezos has backup from major investors and hedge funds.
To get involved with the Tezos community use this link:
https://riot.im/app/#/room/#tezos:matrix.org
To read more about the Tezos project:
https://www.tezos.com/static/papers/position_paper.pdf
https://www.tezos.com/static/papers/white_paper.pdf
If you invested in Tezos you can check your token balance here:
Arthur Breitman talking about Tezos @ Token Summit I, back in May 2017:
Interesting summary, have invested in tezos and EOS as a hedge to ethereum but people need to realize that the chances of these competing with ethereum is still pretty slim, non-zero, but slim.
Any idea when the genesis block of tezos will be?
Why are the chances of these projects to compete with ETH slim?
Genesis block was estimated to be after three months from end of ICO, which puts it at less than two months from now.
Ok thanks have there been many updates from devs since fundraiser? I can't find anywhere they are active.
It is slim because ethereum is quite established and has a lot of partnerships set up. Hard to over take that.
Then as it is a platform there is likely to only be one winner full stop and also it is still in an early fluid stage so any innovation brought in by a competitor can easily be integrated into the ethereum system
thats what i cant tell
Ethereum is not that great compared to these. Seems hugely likely to have something compete. Only thing Ethereum would have over these is a longer time period of being established.
As an investor in the ICO of Tezos 20x will make me pretty happy. Hope you are right about this, Restemeed and thanks for sharing.
If we get 20x Turkish Coffee on me!
if we get 20X, on you or me won't make a difference :D
But I never say no to Turkish coffee. Thx
lol a turkish friend of mine told me about a drink called "ouzo" like a sambuca with some "cheese" if I remember well is like a traditional after hour thing in Turkey...please refresh my memory .. :]
Very interesting - Would also like to hear more about NEO. Good job!
NEO!
Nice
Nice article man heared of it (tezos) you explained it well.
Thanks for the info! I like Tezos
i always get the feeling speculators are driving most of the value of these currencies (in the case of these ico it's pure speculation) but that one day when people start to execute smart contracts and make good use of the currency a more true value would start to show and maybe the $ value will stop fluctuating so wildly. (this would be after mainstream adoption though, and we have a long way to go). i too am guilty of speculating..i bought tezos and eos for that reason.
value is subjective. Because of all the speculation, it gives off the signal to some that crypto currency is a ponzi scheme..at the same time, the currency itself when adopted provides value.
NEO next please
Frankly, I think the ethr will keep a strong electronic currency
Thanks for posting. I need to look more into Tezos. Seems like it might be superior or about the same as EOS?