Being new to crypto, i'm looking for an explanation/opinions on contributing ETH to EOS as a US resident. I understand that its "not available" on the site to US citizens, but that ETH can be contributed through the blockchain to obtain EOS. Will there be any issues with claiming after the ICO? I've read that if you purchased fraudulently your EOS contributions may be voided. Is this true? and are US citizens purchasing EOS wasting their money? From what I understand its not "illegal" to transfer ETH to get EOS , correct? Only that its blocked from US investors on the website? Final question... this unavailability for US citizens, is because US laws cannot protect its citizens who invest, because during ICO its technically not considered a tradable investment so purchasers are not protected by law from scams?......Or is it because in case EOS turns out to be a scam, US laws will not be able to help its citizens combat against a scam? Again, I'm pretty new to crypto, and the scenarios I'm asking about, I have read on other threads, so I'm trying to filter out the B.S. rumors and understand the truth. Wow, this comment ended up much longer than I anticipated! Last question is...... will there be an issue with being able to keep your EOS tokens after the ICO ends for people in the US?
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I am trying to understand this situation since my friend that got my into crypto is purchasing, and telling me that I should as well. But if there is risk of it being a "fraudulent purchase", and his EOS becomes void, I'm not touching it.