EOS ICO is Launching Today - Informations, Tips & Tricks, News, Predictions.
EOS is another project of STEEMs original developer and its presale starts today.
The presale will start as a Token on Ethereum Network and in a year will be exchanged to real-usable tokens on EOS network.
So while you will get tokens right now (if you are lucky to buy!) you will meet the technology in a year yet you will have your placed covered already with tradeable tokens.
EOS Idea
To keep it short - its supossed to be biggest Ethereum competitor, and decentralized Operating System based on Graphene technology. Its said it will be able to merge other blockchains or use their functions but since we are a year from full disclosure alot may change or get added by then.
Participation
Dev team suggests Metamask (chrome extension) or MyEtherWallet (online wallet) to send ETH into the ICO and redeem there.
Other wallets dont have advanced enough functions to be able to make tokens visible and usable right away. More info will be disclosed after launch but just stick to those 2 wallets - which are actually the usual on presales.
Keep in mind USA people are not allowed.
Distribution
To keep things interesting, unlike in other ICOs we still dont know price of tokens. It will be found by the markets everyday in auction type of buying.
- First 5 days starting today will have 200,000,000 tokens to allocate to kickstart the project.
- Next 700,000,000 will be sold in 23 hours based 350 next cycles.
- 100,000,000 stays as companys/founders/block.one fund
So there will be 1 BILLION Tokens total.
The math behind distribution
Now you need a proper tactic and market watchout to get as many EOS as cheap as possible :) Im sure there will be plenty of posts about this since tommorow.
Possible Price
While we dont know anything yet as markets will decide, yesterday our friends..
BitMex have put futures prediction market up.
So since yesterday traders are already making (or losing) money trading EOS and trying to discover the price.
Currently the price is supossed to be at least 0.002BTC per token which is around 5 USD.
I have provided tutorials for this market previously but its pretty stright forward - register, deposit, place orders.
Bitfinex To Add EOS Right Away
After first 5 days presale period BitFinex (one of biggest volumes BTC exchange) promised to add EOS.
Current Volumes of The Exchange
If you have not used this exchange before its worth doing so, i have made full tutorials on complex and usual trading on it before. Just seek in my previous posts (and you may also find some other gems you have missed).
Follow, Resteem and VOTE UP @kingscrown creator of http://fuk.io blog for 0day cryptocurrency news and tips! |
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crowdsale started, website seems down, here is contract to send ETH into - 0xd0a6E6C54DbC68Db5db3A091B171A77407Ff7ccf
confirmed here: https://github.com/EOSIO/eos-token-distribution
Shared on Twitter https://twitter.com/kingscrownBTC/status/879137602628194311
Very good post and strategic investment for those who can see cleary. Thanks @kingscrown for this post. I will proceed on how to invest, upvoted and following you in order to stay in touch.
Disclaimer: I am just a bot trying to be helpful.
WOW I wll also share this on my social media, but I have a question, how long do i have to buy these tokens ? I dont have to rush to buy them right? Will i be able to relax and buy some when i am ready?
Also its very impressive how Bitfinex is adding it right away! that is a huge deal! This will be huge considering there is no real ETH competitor at least noot that anyone knows about! and steemits recent success is going to mean that every steemit user will ALSO be an EOS user!
Thanks for the info, now we just need more information on distribution/ price to figure out possibly when is the cheapest time to buy some Eos
i think eos ico is worst trade in the history of cryptocurrency
https://steemit.com/cryptocurrency/@vegeto/why-eos-ico-is-worst-trade-in-the-history-of-cryptocurrency
Bancor is up there as well as worst trade in the history of cryptocurrency
yh seen this, i was shocked by it
The price per token seems way off. If it was $5 USD per token that would mean EOS has a $5 BILLION market cap. For a coin to have that big a valuation early on will put a lot of pressure on devs and a lot of stress on the future coin launch.
The futures market is pricing at $5 x 200M = $1B
Still $1B is quite a lot of money to have riding on a new coin pre-launch.
Almost all of the new coins seem to have absurd pre-launch values though. Each and every ICO so far has raised money well beyond its value.
What impact will this have on the space? I guess we will have to wait and see. It can't be good though :/
Agreed
Exactly. The "ICO Madness" will come back at us eventually, for sure. A lot, if not most, of the ICO's is unproven tech that probably never will be profitable, so what happens when they decide to extract their tokens and start paying their bills?
Exactly, I think the price of Ethereum has already begun to see a lot of the negative impact. If they all raise ETH then of course they have to all sell ETH to get fiat or whatever else they use to pay their bills.
Word.
No it's pricing it at 5B, it's implied the whole supply will be released at around that price too.
Not surprised about 5-10B
5 billion is too high. and the problem would be if you invest your money in it and then the market reacts negatively with it the price could go down. I would better invest in Ethereum today It is priced at $303. and was at $375 a week ago, 25% win even long term is better than 5% lose short term.
I advise everyone to wait until the coin is in the market.
anther thing is that personally i wont invest my money on a coin that is available only in one exchange, this is very very risky.
cheers
Yeah, Ether seems to be the way to play it.
Ethereum might decrease further. So buying at a dip and holding for long-term gains would be the best thing to do.
Agreed! seems a tad high for an ICO
yeah, especially since they are issuing a billion coins. I agree!
Even Golem is better than this and much much promising. What Golem has introduced into the crptoworld is simply amazing : utilizing idle computer power to its max. And, we really need such a technology. Moreover, it is also dependent on ETH Blockchain, which is ever growing. I see future in Golem, thus. :)
Golem doesn't even work and does nothing you can't do over EOS. Golem is a smart contract which currently doesn't do anything particularly useful yet and the people developing Golem don't have the track record of Dan Larimer.
It'll also be listed on Yunbi.com
Even if the coin would be $5, the market cap won't reach $5 billion until all coins are sold... The way the ICO works, they are selling the coins withing the span of 1 year. 20% in first 5 days so that would still be $1 billion dollars... My prediction is that it'll go around $1.75 after the first 5 days. That's 350 million dollars in 5 days. There is no info about the cap... The ICO seems to last 5 days. No more, no less and they will collect funds within those 5 days and then distribute 20% of the tokens based on the raised funds, so the more funds they raise, the more expensive the coin. I don't understand why the author said "if you are lucky to buy"... You have 5 days to buy.
I second this, there is some serious FOMO about the coin but what people need to understand is that the more people FOMO the more the coin becomes expensive during the 5 day period. The more it becomes OP the harder the price correction will be.
Think of this as an open source economic program where your comments are neded and i apreciate you makig this correction! EOS will need users like you an all of us onsteemit to get it up to Ethereums marketcap!
if every steemit user simply exchanged 10 percet of their steempower for EOS tokens, we coud give EOS a powerful BASE of networked humans that no other crypto currency has! ethereum and bitcoin users cant send messages to each otther the way that we can! Steem is also the EASIEST crypto currency to sen or recieve! all u need a regular alphanumrical username easy to remmeber and use! NO otyer blockchain has that! At least none that are big enough to be useful! We now have a steemit user in ALMOST every big city on earth! Once there is a designated Steemit Whale in every big city on earth, then there will bascally be a Steemit Physicsal Representative in every city and so if someone has steem and needs some fiat cash to spend in real life where they dont acceoot bitcoin or dont have a localbitcoin dealer, then the local steemit whale can help cash out a steemit minow for a small five percet fee lets say....and it would make steem money VERY real for everyone !
This all true, but Steem is incredibly confusing when it comes to converting it to fiat. Right now if you wrote a reply detailing the necessary steps to convert Steem to fiat, with all of the issues happening with Poloniex, you know 80 percent of the people reading it would be like
Actually NoT true anymore! During last hardfork they added a SELL button for your SBD and Steem!!!! It takes u directly to a blocktrades.us site already setup no registration needed and it lets u push ONE button to convert your steem or SBD to bitcoin!
click it and it takes you here https://blocktrades.us/unregistered_trade/steem/btc
This makes it extremely easy and eventually it will all be integrated inside steemit, a direct steemit to fiat service is also vailable, and will be more userfriendly and i have localaltcoins.co i need someone to help me build maybe @tj4real @mcsamm and @ortigas100 can help me build localaltcoins.co i already bought the domain name and hosting at 1and1 https://steemit.com/steemgigs/@ackza/need-someone-willing-to-build-a-quick-dirty-website-which-i-already-have-bought-the-domain-and-hosting-for-localaltcoinsco-so-people-can-buy-and-sell-altcooins-inluding-steem-in-real-life-locally-viachainbb-and-steemitgigs
Then converting Bitcoin To Fiat is either not neccisary for many nwbs and also its a totally sepperate thing
also there is a shapeshift API and i cansend u a steemit debt card or u can buy any prepaid debit card and i can show u how to reload it using steem and the shapeshift apii that autoamtiuclly sells sbd or steem for brc then fiat thendigital sends itto a debi card!
I don't believe in role models, but you're mine.
Agreed. And what's to motivate developers once when they are sitting on $500 million (10% of $5 billion) on day 1?
I don't think the devs will lose motivation given their past coin launches, but it's a lot of pressure to put on a dev or coin.
$500 million is a lot of money.
not clarified at what point that $5 mark is for on the prediction markets - at launch, a year later, etc, etc.
if we're talking about at launch, from the first 5-day period, they'd need to raise a billion dollars to get it to that price. probably not likely. down the road after the ICO is completely over and the product is scaled out, sure...
I assume it's at launch?
A billion in first 5 days does sound kind of crazy. But, Bancor got $150 million in 3 hours?
Crazy people throwing crazy money, is the way I see it. If it's worth 5 billion now, what will its worth be in 1 year when it lauches? Ridiculous.
Fair comparison. Though anyone investing large enough amounts to get it up to a billion bucks woupd need to keep in mind that in order to keep at that price for the next year, there'd need to be at least $10 million PER DAY contributed for the rest of the year-long sale. Could happen. Though doesn't sound like a safe bet to me...
Good point. $10 million a day sounds hard to sustain. Sounds like better to wait it out a couple of weeks before getting in then.
What are the possibilities that EOS will compete with Ethereum, I know that it is decentralized and multiple interconnected tokenized projects, what it differentiate from other technology cryptocurrency?
Why EOS?
You need to scale to millions of users, but you can’t
If you are going to build some DApp (decentralized application), then what options do you have today?
Corda and Hyperledger Fabric are for private networks only and have limited smart contract support.
RChain, Rootstock/RSK, have not yet been released or not production-ready.
BitShares and Graphene have very good throughput, but limited smart contracts capabilities.
Polkadot repo has not been updated in the last 6 month.
NXT, Waves, Lisk, Tezos, Tauchain (you name it…) are not competitors…
It seems that you are left only with Ethereum which has a very bad throughput and high transaction costs.
Why not try to combine the scalability of Graphene and the power of Ethereum’s smart contracts together? Etherum will migrate from Proof-of-work to Proof-of-stake (scheduled at the end of 2017/beginning of 2018) so we have some time to build a new competitor.
Don't underestimate the dark side of the force
Yes thats true.
What is the difference between steem and EOS?
EOS would be the tracks the steem train chugs along 🚝
Thanks for the info!
I will invest a few bucks in this. If they can really pull this off--a capacity of millions of transactions per second--then there will be demand and this thing will take off so long as the pricing makes it adaptable worldwide (and there is no reason pricing will get in the way).
I agree, lets stay in contact and see how it goes
Thanks for informing and sharing. Gonna get some EOS tokens. Thumbs up!!!
Nice info. thanks always :)
EOS I can not wait for July 1st because I am pretty BULLISH!