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March 29, 2018, 03:42:46 AM |
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I’m seeing a lot of panic and scam flags being thrown around regarding EOZ but not a lot of rational dissection of the situation, so lets discuss.
Item A: The platform is online, active, and working as described and predicted in the roadmap.
Item B: The creator(s) have completely disappeared from all communication channels (the support email is even bouncing back).
Item B is the source of panic here, so lets dissect:
The EOZ platform is a machine who’s sole purpose is to make money. It appears to be very well thought out, coded, and designed, and alleges to have raised a very large sum in its ICO.
The lending platform, as laid out in its white paper, runs crypto trading bots with a nice catch phrase of a “neural network”. The payout is stated as ~3% per day and goes up a bit the more you contribute. Get enough funds in on the pool and this thing can potentially move markets (printing money). That aside, we can speculate the creator(s) will collect all of the extra income that is not paid out, initially to ride out the losses but eventually the pot will be enormous if the bot works as it should. They do say they are planning to use the extra income to buy back tokens to keep the value up.
Meanwhile, governments everywhere are taking a hard look at ICOs and crypto tax-dodgers. They want all investors to be registered and the technologies subject to the scrutiny and security of the state. I have no idea where they are based, but it may be somewhere crypto-hostile.
What I’m getting at is: NO ONE in their right mind should want to be personally/financially linked with the creation of this platform and the pool of money they are sitting on. Nor would they walk away from this when it has to potential to make money for years. They creators have clearly gone to great lengths to hide their identities to the point of complete radio silence, and I think they are most wise in this decision. Or they’re just trying to dodge taxes. But its like winning the lottery: first thing you should do is change your name.
It seems like nothing about EOZ as a platform is illegal right now, but regulation time is right around the corner. For example what happens if KYC (know your customer) becomes a requirement in the future? Are they supposed to track down every user and kindly ask for their ID’s or their funds will be frozen?
Considering all this I’d say mostly things are going as planned for the platform. If you’ve read this far you likely have some skin in the game so either you can either panic or come to terms with what we all knew was a high-risk investment and enjoy the adventure. Also its not like you’re speculating on a company exploiting its workers for surplus value or something.
The part I’m struggling with understanding is: The price of 1 EOZ is currently under price protection for 15 days so users can enter a lend at a rate of $35 per EOZ token. The idea is they want investors to lend more before the price inflates? Without a social, support, or marketing presence of any kind we can assume the token will lose a decimal place or two when it hits the exchanges. I’m guessing they were expecting it to go up from $35, but let me know if I’m missing something here.
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