[ANN] EOS - Decentralize Everything

[AmoreJaz]

well without even reading the thread the first thing that makes me wonder is if the is a ETH competitor then why is it a token run on the ETH chain?

[RealEndymion]

Hi,

I don't understand a point on token distribution. On the crowdsale site there are a lot of advice that the token has no value and on this there are no problem, is an ICO and I considered the risk.
The point that isn't clear is that, if I understand correctly, there is no guarantee that the token buy in ICO will be carry with an equivalent numeber of token on the new blockchain...even if the new blockchan will born whitout any problems...is this true ?

[Random816]

Yes so this is a confusing ICO.  It was recommended to my by a friend to look into but perhaps someone here could help explain it better or maybe in writing it down I will better understand it and it's actual value.  Either way I am going to do so here so if I have understood this wrong please correct me.

As of this writing EOS seems to be trading at about $1.30 USD on crypto market cap.  ETH is $172.

Per the token website their distribution is taking place over a year by selling 2,000,000 coins/day at more or less "market price" and how they determine that is by dividing the total EOS available for the period by the total amount of ETH collected.  Then they multiply that number by the amount of ETH you contributed - thats how much EOS you get.

YOUR EOS = a*(b/c)

a = Total ETH contributed by an authorized purchaser during the period.
b = Total number of EOS Tokens available for distribution in the period.
c = Total ETH contributed by all authorized purchasers during the period.

This is their example:

20 EOS Tokens are available during a period.
Bob contributes 4 ETH and Alice contributes 1 ETH during the period.
As a total of 5 ETH were contributed for 20 EOS Tokens during the period, 1 EOS
Token will be distributed for every 0.25 ETH contributed. Therefore, Bob receives
16 EOS Tokens and Alice receives 4 EOS Tokens.

OK GREAT.  So now I am writing this and wanting to do some real work number examples of this... In all examples I'll use an investment of 5 ETH and since the distribution is 2,000,000 coins every day for the next year I'll keep that solid too so the only real variable is how much ETH others invest each day - as of this writing they are only 3 hours into todays distribution period but it currently sits at 958 ETH so I'll use that in the first example.

5 ETH contribution = "A"
2,000,000 coins available/period = "B"
958 Total ETH contributed = "C"

So in this distribution I would get roughly 10,438 EOS - 2,087/ETH = $.0824 each

Example 2 - more ETH contributed - 5000 ETH
5 ETH contribution = "A"
2,000,000 coins available/period = "B"
5000 Total ETH contributed = "C"

In example 2 I get 2,000 EOS - 400/ETH = $.43 each

Example 3 - you get lucky because it is a holiday and everyone is asleep - only 50 ETH contributed during period.
5 ETH contribution = "A"
2,000,000 coins available/period = "B"
50 Total ETH contributed = "C"

Example 3 I get 200,000 EOS - 40,000/ETH = $.0043 each.


So what I take from this is that you want to be in on a day when no-one else is buying or else you end up getting a lot less coins.  I am also seeing that in order to maintain the current pricing of $1.30 USD they need to have people buy in at a rate of almost 17,500 ETH per day or roughly $3 Million USD/day

Does anyone know how much ETH was collected in the initial few days of this launching?  How does the value go up otherwise?

I guess I still just don't get this one - can someone smart help?

[Anastasia635]

I invest eos，but the price is lower and lower，I have sold all
ae is better than eos.

[coinmenace]

Does anyone have a daily graph/number for the ETH invested in EOS?

Are they raising at least 10000 ETH daily?

[Random816]

Does anyone have a daily graph/number for the ETH invested in EOS?

Are they raising at least 10000 ETH daily?

Yes that would be great if someone knew the daily amount collected.  By my numbers they need to collect approx 13,500 ETH a day to keep up $3M~

[Gwyn]

Good project, good development, good devs and good community can only mean that this one is a good coin to hold and I am really greatful that they are giving away carecoins in their bounty campaign. This maybe the kind of coin which is good to hold long term.

[Random816]

Well today July 22 2017 they have collected 17,463 ETH just before the clock reset.  A value of approx $3,894,249 with ETH @ $223.

Divide by 2,000,000 and we get todays value of $1.947 USD.  Which just so happens to be exactly how much the price is listed at on Cryptomarketcap...


Makes me wonder how much of this stuff is just getting pushed off to the exchanges, sold and re-bought to drive the price up?  I have a hard time believing they just happen to get 15,000+ of ETH daily from random new investors.  I'd bet it is the same people, over and over.

No-one seems to be talking about this, starting to seem scammy to me - lack of transparency unless I am missing something.  Tons of money getting thrown at it but yet no-one is talking about it.  Whats the deal with this stuff?

[cherry11800]

Waiting for more information

[leonard852]

When will you release wallet? Keep on your hard work, I'll be  back for more information soon.

[MyMoneyShark]

1 billion coins with no use... 
Who neeed that, for what, and why? 

[wenzuo]

why does the ANN has so little reply? as far as i know, its very hot in China, the ico.info list several ico projects using eos to participate, and it end very soon, i can't imagine it's so low profile in forum

[ElliottHe]

well without even reading the thread the first thing that makes me wonder is if the is a ETH competitor then why is it a token run on the ETH chain? - The same to me!

[jlp]

Is anyone on this thread from EOS?

Their purchase agreement states:

7.15. Risk of Alternative Blockchains based on EOS.IO Software. The EOS.IO Software will not likely be licensed under an open source license until after the end of the EOS Distribution Period; however, it is possible somebody will not respect the EOS.IO Software copyright or will modify the EOS.IO Software after it has been released under an open source license. Therefore, it is possible for someone to utilize the EOS.IO Software to build and launch blockchain protocols using a token distribution other than the one intended for the EOS Tokens pursuant to the EOS.IO Software both prior to or after the EOS.IO Software has become licensed as open source.

If anyone can use the EOS.IO Software (under the open source license) to launch the blockchain using a token distribution other than the one purchased by thousands of buyers for over $200 million so far, then why wouldn't they?

Why wouldn't thousands of potentials users ignore and bypass the token sale and simply use the EOS blockchain for free?

[coat47]

Who think here that for develop this project they really 500 million, or 300 million dollar ?
Seriously, they will not build some boeing, some cars and need 300 employees for that.
I am disgusted, I have the impression to contribute to pay their ferrari, their villa and I'm sure their astronomic salary. Some ico are exaggerated. Someone know how much employees has ethereum ? and how much is the salary of Vitalik and others big boss of ethereum ?

[cryptotum88]

Why no official ANN on bitcoin talk?

Is there a reason for working in the shadow?

[Asudale]

why is old coin created new thread ?
not use old thread to discussion

[seek4dream]

I don't get it.
Why it is listed on exchanges while the ICO is going on?
what is the price of ICO? is it fixed?

[FiniteByDesign]

IN PRODUCTION - stock will be ready to ship around the middle/end of September.


DIY, 3 pack of 1 troy ounce of .999 fine silver, EOS (unloaded)

100 coins being made, only 30 sets (of 3 coins each set) will be sold. I am keeping #1-10.

Please place orders through the website:
http://finitebydesign.net/product/mock-up-editing-stage-3-pack-1-troy-ounce-999-fine-silver-eos-only-100-coins-made/


Each coin comes enclosed in a plastic airtight protective capsule and includes 1 Series 7 Finite by Design custom hologram (unattached). The customer can attach the hologram and load the coin with EOS. The coins are sold unloaded (do not include actual EOS).

Number requests will not be accepted. Sales will be sequential numbers based on the order that payment is received.

Only 30 sets (of 3 coins each set) will be sold.

Read more about https://eos.io/

Pricing:

Set of 3 coins = $200

Assay will be edge marked at 12 o'clock position, each coin will be individually numbered at 6 o'clock position 001-100 and year '2017' at the 3 o'clock position.

[alexpro401]

why is old coin created new thread ?
not use old thread to discussion

I heard that EOS is Scam, maybe this is the reason(((