I am excited by the tech and the product. I do not understand THE COMPLETE SEPARATION between the token and the product...(???). this explains it better:
so here's what i dont understand about the eos ICO:
EOS will be put out as an open source software, IF a third party chooses to put it up as a blockchain platform (as intended), they will have full power over changing the platform and choosing what token to use on it. the EOS token sold WILL NOT BE USED ON THE PLATFORM and has no use/ represents NOTHING what so ever...
I dont understand- what are we going to buy? a token that carries the name of a software developed but nothing else???
I have faith in the tech but im clueless about this...
this is straight from the terms:
Company will not configure and/or launch any public blockchain platform adopting the open source EOS.IO Software (the “EOS Platform”) for any purpose;
any launch and implementation of the EOS Platform may occur by third parties unrelated to Company;
third parties launching the EOS Platform may delete, modify or supplement the EOS.IO Software prior to, during or after launching the EOS Platform; and
Company will have no control over when, how or whether the EOS.IO Software is adopted or implemented, or how, when or whether the EOS Platform is launched.
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.