Although I can't for the life of me understand how EOS can already be worth $380 million. This is the current problem with crypto. Most currencies or tokens are simply speculated into the stratosphere and have no sound basis for their value.
Until we see some of these companies actually creating value and find a way to value their worth with something tangible besides pure speculation and hype, we won't see as much money enter the space.
How long will it take for EOS to actually create something worth $380 million? until then everyone's investment is way over-priced and a has a lot of catch up to do before they are making any real gains.
Yes this is almost exactly what i said in one of my comments on an EOS piece yesterday. 380 mln or whatever it is now for a team who have not even launched anything yet. Crazy. And still so much more to come, every day.
The current "team" may not have launched anything yet, together, as a group. But, you've got to look at the individuals involved: @Dan Larimer being just one of them. He DID launch BitShares & SteemIt. And, that's just 1 person in the larger group. Have you done your due diligence or proper research into who's who in the crypto world? Because, EOS has some VERY heavy hitters involved. These are not scam-artists, they are blockchain, financial, & marketing artists. And, they are trustworthy people. I'm going to be betting my money on it, and I'll be feeling very comfortable with the risks involved.
Fair - they are good people and a better team than most. Does it justify the enormous money raised in this ICO? Is all that needed for development and maintenance? I think not. This is what is worrying me the most.