You are viewing a single comment's thread from:

RE: Hero: Quest for EOS contest winners are in!!!

in #art7 years ago

I still do not belief in EOS ...
my main points of consern are:
There is much discussion going around that EOS is a scam. This is down to two key points:

  1. The purchase agreement (https://eos.io/purchaseagreement/EOS%20Token%20Purchase%20Agreement%20-%20June%2022,%202017.pdf), which states that EOS tokens have “No purpose”:
  • EOS TOKENS HAVE NO RIGHTS, USES OR ATTRIBUTES. The EOS Tokens do not have any rights, uses, purpose, attributes, functionalities or features, express or implied, including, without limitation, any uses, purpose, attributes, functionalities or features on the EOS Platform. Company does not guarantee and is not representing in any way to Buyer that the EOS Tokens have any rights, uses, purpose, attributes, functionalities or features.

  • NOT A PURCHASE OF EOS PLATFORM TOKENS. EOS Tokens purchased under this Agreement are not tokens on the EOS Platform. Buyer acknowledges, understands and agrees that Buyer should not expect and there is no guarantee or representation made by Company that Buyer will receive any other product, service, rights, attributes, functionalities, features or assets of any kind whatsoever, including, without limitation, any cryptographic tokens or digital assets now or in the future whether through receipt, exchange, conversion, redemption or otherwise.

  • PURCHASE OF EOS TOKENS ARE NON-REFUNDABLE AND PURCHASES CANNOT BE CANCELLED. BUYER MAY LOSE ALL AMOUNTS PAID.

  • EOS TOKENS MAY HAVE NO VALUE.

  • COMPANY RESERVES THE RIGHT TO REFUSE OR CANCEL EOS TOKEN PURCHASE REQUESTS AT ANY TIME IN ITS SOLE DISCRETION.
    As such, there does not appear to be a set in stone definition of what the exact function of each token has – if any - on the EOS platform.

  1. A contradiction that has arisen from the fact that the EOS ICO was aggressively advertised in the U.S., even though the Purchase Agreement prohibits American residents from buying tokens

 No U.S. Buyers. The EOS Tokens are not being offered to U.S. persons. U.S. persons are strictly prohibited and restricted from using the EOS Distribution Contract, using the EOS Token Contact and/or purchasing EOS Tokens and Company is not soliciting purchases by U.S. persons in any way. If a U.S. person uses the EOS Distribution Contract, uses the EOS Token Contract and/or purchases EOS Tokens, such person has done so and entered into this Agreement on an unlawful, unauthorized and fraudulent basis and this Agreement is null and void.

Sort:  

you may find this post helpful in better understanding the EOS purchase agreement: "Shedding some light on the EOS Token Purchase Agreement"