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RE: Time to buy ETH in prep for EOS crowdsale
If it were calculated in USD that would be interesting, but we don't know for sure do we? Did you inspect the smart contract code? I haven't had the time.
If it were calculated in USD that would be interesting, but we don't know for sure do we? Did you inspect the smart contract code? I haven't had the time.
I'm not sure there is a definitive way to calculate it specifically in USD or any currency, though am just looking at it like that as a standardized reference point, for ease of figuring out returns and relative value - both to first assess whether smartest to get in during the first 5 days or after, and what's likely to happen on the exchanges as the distribution period continues.
I haven't read the code, as don't have the coding/programming knowledge to interpret - hence am approaching my analysis from a purely mathematical standpoint.
If you post the smart contract code I'll give it a skim. Also, from what I saw it made sense to get in early because there is a cap on the total amount of tokens, or am I wrong? So in the case of a cap, you don't get it cheaper by waiting when less are for sale do you?
Also more information about EOS will keep coming out, and more demand could come from that hype making it harder to get tokens each day. Remember AGS?
1,000,000,000 tokens total.
200,000,000 during the first 5 days = first period
2,222,222.22... each day from 6-365 is its own subsequent period.
the tokens for each period to be distributed proportionately to the contributors in each period.
i.e. if they raise $200,000,000 during the first 5 days, that price should work out to $1/token...
subsequent days - if they raised $2,222,222.22 per period, it'd be at same price. if more, lower price. if less, higher price.
and simultaneously, tokens can be withdrawn and will be tradable on the markets - so should make for something of a complicated dynamic...
There is a way, and I could write an app to calculate it if there was a real time data feed on the price to plug into the app. In general, we can track it in dollars and someone will write the app if the API necessary is available to do it.