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RE: Something strange is happening with EOS - Programmer explains

in #blockchain7 years ago (edited)

These theories raise some very interesting concerns about EOS. Thanks for sharing!

To recap:

  1. EOS holds a lot of Ether and could dump it on the market, crashing ETH while making huge profits.
  2. EOS will have a massive proof of stake position in the Ethereum network once it switches over to PoS.
  3. EOS could be buying their own tokens during each of the releases with the ETH they already have, boosting the value and perceived interest.

While these are just theories, I agree with Ivan to be smart about investing in ICOs like this and do your own research.