Upcoming EOS Token Distribution - US Citizen Restriction - and Other NOOB Questions
So, just as many of you are, I'm trying to figure out how I can get in on the EOS action and token distribution.
As I was reading the FAQ's, I see:
- Why can’t U.S. citizens, residents or entities purchase EOS Tokens?
It was decided that U.S. citizens, residents and entities should be excluded from purchasing EOS Tokens in the token distribution because of some of the logistical challenges associated with differing regulations in the many states of the United States of America. block.one does not believe that the distribution of EOS Tokens or the EOS Tokens themselves are securities, commodities, swaps on either securities or commodities, or similar financial instruments. The EOS Tokens are not designed for investment or speculative purposes and should not be considered as a type of investment. Nevertheless, U.S. citizens, residents and entities should not purchase or attempt to purchase EOS Tokens.
Is this a standard way to avoid any US compliance issues, just in case? Like, surely there are a lot of US Citizens on this thread/forum that will be acquiring EOS tokens.
On the EOS.io website:
US-IP detected, participation not allowed
Naturally, I'm looking for straightforward ways around this. I mean, I kinda thought all this crypto-currency stuff was designed to be anonymous, decentralized, and out of big-brother eyes... so any step-by-step insight would be much appreciated!
(I gotta think I'm not the only person who would benefit from some layman's talk on this)
Also, can someone explain the underlying relationship that will (if any) exist between Bitshares / BTS and EOS? Particularly as EOS is launching on the Ethereum blockchain, instead of Bitshares.
Like, is there enough correlation that it would just make sense to hold BTS?
If/when EOS gains value, so does BTS? Or Steem?
Or is EOS it's own thing entirely, and they just share some technology but not necessarily any coordination or correlation in the markets?
I know Dan from previously working together, and I want to "bet on Dan" -- just trying to figure out do I do that with BTS, Steem, or EOS?
WTF?
FTW!
HAHA - help a newbie make some sense of all the overlap here.
Thanks!
Yes a VPN works. There are many free ones out there. I downloaded cyberghost VPN for free. Simply choose a country and click surf anonymously. The free version requires you to wait for a couple minutes in a queue but then it will assign you an IP adress for the country you chose. You will see your browser will also change for google etc for the country you chose. Good luck!
Why not just buy on an exchange then transfer to MEW?
I guess technically there is no reason. For me I had concerns with linking the tokens bought through an exchange with a registered EOS public key. I have read that this may not be the case. The other aspect to consider is comparing the exchange rate using an exchange with an average exchange rate that you could expect from the ICO. In my case they worked out to be very close. Other than that I wanted to contribute directly to the ICO in support of the project. I can't speak to the pros and cons of purchasing from the ICO compared to an exchange from a global standpoint or how purchasing from either will affect EOS value, but this was the thought process I went through when I decided to purchase via the ICO. Thanks
Thank you for sharing this useful information... :)
I could answer some of those questions, but instead, will up-vote and re-steem in the hopes of a much better all encompassing answer!
I would think answer is getting a VPN - mine runs $100/yr
VPN, the only way. But not sure if I will put money there though. I seems that every day I find more and more reasons to leave the US. This nation was "founded" on the basis of "freedom" but that was all just a gimmick, this nation turned out to be soo restrictive I won't be surprised if foreigners viewed the US government as a cesspool of political clowns. American politicians sure have a way of destroying a good thing.
Agree about state of US but if Global NWO win out = no safe space on earth
Theres always outer haven
@cryptogrizz - yes, I was thinking VPN or some kind of proxy service. A lot of this is new to many (and probably many others), and for the people who have been playing in this crypto/blockchain space for a while now it's probably second nature.
right you are - however, I would recommend full VPN not proxy
PIV is good. Streaming is disappointing sometimes but it is less than 70/yr.
Read the restrictions and additional information once again very carefully. Your INTERPRETATION of their INTERPRETATION of a PERCEIVED law that is believed to be applicable may not be the same. When you look into how to get around things legally the fundamental thing you have to ask yourself is what the intent of the law is for. BTC, ETC, Steemit bucks, to me, don't represent currency in the way the federal law does. So, with that said, you have to consider whether this is something you would be willing to assert over and over again, or would you rather hold your breath for another opportunity. And i'm not trying to be argumentative, that's just how this beaten down old analyst thinks.
Hi,
I just wanted to know when using the EOS token distribution APP on the website. I see that I can choose which period to put ether in. Does that mean I can put ether in a different period and I will receive tokens when that period is closed? If so can I go ahead and put ether into that period right now or do I have to wait for that period to begin. I'm confused because there is a drop down box in the contribution period section. Can someone help me clarify this. Thank you.
-Kevin
You can put ether in any period but your EOS won't be distributed until the period ends. Not sure why someone would commit ether for later periods... I can't think of any logical reason beside splitting up what you are buying over various periods as a means to average the price you pay for EOS.
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