RE: Consider waiting to invest in EOS ICO
I rather like this particular ICO format. It reminds me of how Augur REP, one of the earliest Ethereum ICOs, was handled (except without the whole stretching for a year part).
I'm hedging my bets by using about 1/4 of my allocated EOS funds to buy in during the first 5 day period, then will spread the rest out over the whole year, waiting for days when there doesn't seem to be much interest.
If the prices increases when it hits exchanges, I plan to sell enough to recoup my initial investment, essentially getting a batch of EOS for "free", and then roll that money forward into future distribution windows to get more EOS at hopefully cheaper prices.
Will be interesting to see how this plays out, and how many people get it from exchanges vs. the daily distribution.
Ya I like this format too. I wonder if people are still going to invest as much as they did this early? I doubt it unless the hype stays strong. Currently they raised over 227,317 ETH and counting. It definitely sounds smarter to wait to invest but we will see. Hopefully it ends up profitable.
I do no like the non-USA participation though but they are probably trying to avoid legal issues with all the news lately.
I really hope all the whales buy in now. And from what I've seen of the chaotic mess that is the EOS Slack, lots of people are ignorant about how the ICO works & some don't even realize it will last a whole year. Waiting a couple months and timing it wisely could result in some incredible deals. Or you could play averages and just place a tiny bit of ETH down on every single distribution day.
Regarding non participation for US citizens, that seems to be the norm for ICOs these days as nobody wants to run afoul of the US SEC. But you do know that restriction can be easily bypassed, right? Even if the web site is blocked, you could get the sale contract address and directly call the right functions on it to contribute. There's really no way for that silly rule to be enforced, but by at least going through the motions they can say "we did our best to comply with all relevant securities laws".
hey @lenn what do you mean by non-usa participation?
You cannot access buying tokens from the official site with a US-IP address. You can use a vpn mask your IP though
Ah, thanks