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June 23, 2017, 08:13:10 PM |
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This must be the strangest ICO to date and I'm trying to figure out the implications of this model.
I read someone complaining that the year long ongoing ICO will be a way to drive the price up, another person complained the opposite, that it would drive the price down. Will it do one or the other? Will the price be decided every day anew? Always divided among the participants? That would turn it into a kind of Russian roulette, no? One day less people participate and you get more. Another day lots of people participate and you get hardly anything.
Is that what it's going to be? So the daily ICOs will compete with the price on exchanges? I hope someone can explain the implications without just FUDing or shilling, meaning a proper discussion would be more interesting then a collection of opinions on how great/shitty this ICO is.
Also, as far as I understand the EOS tokens which are dirstributed during the ICO are just placeholders (on the Ethereum blockchain) which can be traded but after the ICO phase is over they will be frozen and non transferable on the Ethereum blockchain. What happens then? You can exchange them for proper EOS coins?
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