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RE: Why you should put at least 10,000 dollars into EOS
i would be very carful because the EOS tokens are not what will be used in the EOS blockchain the current tokens are ether based.
i would be very carful because the EOS tokens are not what will be used in the EOS blockchain the current tokens are ether based.
Yeah, I too am curious about this. At Least the tokens had been redeemed if purchased through an exchange however. If bought through an ICO to the best of my knowledge, the purchased tokens must then be redeemed afterword.
Still though, I suspect that the process would be painless, as was the case of redemption of Bitcoin cash for example. This is my sneaking suspicion anyways.
I love the idea of EOS and I do want it to succeed and maybe I'm being too cautious. but this time I am using my head over my heart. It things like this (below) in their white paper that don't fill me with confidence. I might jump in after the ico has ended, maybe I would of missed the boat by then but for now I'm investing big in the iconomi toxen ICN and their index fund ICNX.
"DISCLAIMER: This EOS.IO Technical White Paper is for information purposes only. block.one does not guarantee the accuracy of or the conclusions reached in this white paper, and this white paper is provided “as is”. block.one does not make and expressly disclaims all representations and warranties, express, implied, statutory or otherwise, whatsoever, including, but not limited to: (i) warranties of merchantability, fitness for a particular purpose, suitability, usage, title or noninfringement; (ii) that the contents of this white paper are free from error; and (iii) that such contents will not infringe third-party rights. block.one and its affiliates shall have no liability for damages of any kind arising out of the use, reference to, or reliance on this white paper or any of the content contained herein, even if advised of the possibility of such damages. In no event will block.one or its affiliates be liable to any person or entity for any damages, losses, liabilities, costs or expenses of any kind, whether direct or indirect, consequential, compensatory, incidental, actual, exemplary, punitive or special for the use of, reference to, or reliance on this white paper or any of the content contained herein, including, without limitation, any loss of business, revenues, profits, data, use, goodwill or other intangible losses."
"PLEASE NOTE: CRYPTOGRAPHIC TOKENS REFERRED TO IN THIS WHITE PAPER REFER TO CRYPTOGRAPHIC TOKENS ON A LAUNCHED BLOCKCHAIN THAT ADOPTS THE EOS.IO SOFTWARE. THEY DO NOT REFER TO THE ERC-20 COMPATIBLE TOKENS BEING DISTRIBUTED ON THE ETHEREUM BLOCKCHAIN IN CONNECTION WITH THE EOS TOKEN DISTRIBUTION."
Thanks a ton for this. I will be sure to look further into the specificity of this in particular.
Cheers.
no problem. The team are also sitting on a massive amount of Ethereum it's totally possible they could be buying back their EOS tokens to prop up the price. Also when they launch they could dump all the ether on the market and crash the Ethereum price. Just speculation but totally possible.
TBH, the true nature of those in the crypto space is speculation of gaming the system and security, so do not fight your instinct!
True and I love the excitement and how the industry is now moving so fast. Last year I dabbled in the stockmarket but i was frustrated with high fees and stagnant prices. The crypto currency market is exactly what I was looking for it gives me hope that I can make large sums of money so I can escape the rat race where we are all living as modern day slaves controlled by money and harvested for our time haha
With regards to the discrepancy between the ethereum token and the live EOS token, this is non-virgin territory for several coins. This is an effective and easy means of redemption and had been successfully implemented among coins including Peer-plays and Storj. This should ease any worries in this regard.
Cheers!