The EOS Tokens are claimable now. They are trading live on some exchanges (Yunbi, Etherdelta, HitBTC). Kraken just added EOS trading as well.
Possible strategy with EOS, buy tokens from the ICO which is somewhat difficult to do, sell for a profit on exchanges. Re-invest funds into future EOS windows to get more tokens.
Future EOS windows almost are certain to come in at cheaper pricing. The main reason being for the 60+ cent pricing to hold from the first window, EOS would have to raise 1.2 million dollars every 23 hours for the next 300+ days. Quite unlikely to happen.
The best way to look at EOS at this point is as a coin with 1% dilution in this first 23 hour period, and the dilution % drops daily as 2 million coins arrive into circulation every 23 hours. After about 100 periods, it drops down to 0.50% dilution daily. Keep in mind I'm using my way of calculating this: (coins created)/(initial coins) = dilution ..... The correct inflation formula is a little different if anyone wants to be technical about this.
It could be a great arbitrage opportunity for some people. On the exchanges today, EOS is holding at about $1 with 12 million dollars in 24 hour volume.
That said, if prices crash on an exchange, expect to see people already invested in a given window to get burned on the pricing. Then very likely, the pricing of the next window would trade much lower to match outside demand.
At this juncture people will be comparing market prices vs. EOS ICO prices and due to the problems with getting into the ICO, the ICO stands a good chance of remaining the cheaper end of the transaction.
People are paying eth to buy a eth killer. How cool is that
Pretty badass if you ask me. 😈
Awesome.. I was looking forward to get my hands on some EOS. Thank you for the information. Great content by the way. upvoted Following and resteemed your post. Hoping to read more of your posts.
I expect arbitrage will drive the price on the exchanges down quite soon, but there you will always pay a slight premium. (For easy of use and lack of Ether mining fee for the setup of the public key.)
Keep in mind that you can check out EosScan to keep track of the EOS price of all previous and future ICO windows. Make sure you don't pay to much on the exchanges!
Thanks for the info.
I've been checking EOS out for a while now.
Though I do think that if EOS could be a very good concept, I'd like to believe that Ethereum will be keeping an eye on it and perhaps adopting the concepts from EOS. From that perspective, I'd rather invest in Ethereum, since it's ahead in the game.
What are your thoughts on this?
:) Exactly
Is EOS minable?
Not yet, once it's live it's going to be a delegated proof of stake model (correct me if I'm wrong) so it won't be like mining for a PoW currency.
What is this EOS I have been seeing it every where. I know its an alt coin on ether blockchain but whats it do?
its block chain is step forward from ethereum and its not in ethereum blockchain only its sale is, they will move to their blockchain next year, eos removes most of the limitation of ethereum
So do you think its a good buy and hold for now?
hold for atleast 18 months
ok cool thanks
Very good article
Thank you for your information
So many ICO's ...don't we have enough cryptos already
Ted,
I've been trying to find a guide to understand how the EOS ERC20 token will be transferred to being an actual EOS token at some point in the future. Have you seen any articles on how they plan to do this? I'd like to be a long term holder of EOS, but this question keeps arising in my mind and giving me pause. I'm not someone that will be buying the ICO window and then dumping on exchanges for quick profit. I'm a believer in EOS and want to accumulate as much as I can, but want to ensure I'll have the access to the actual EOS token once it launches on the EOS platform. Thanks for your advice.
@unlockrs , same as you, I am long term investing.
Re: the exchange from token to actual EOS, there will be a new blockchain setup next June (or July, I forget). You need to make sure you register your EOS key through the sale now as this will be used to create you a new wallet for your new EOS at that point.
As this will be an entirely new chain, I presume you will simply be able to send your ERC20 token to the new wallet for an automatic conversion (remember this is supposed to be the future of BC :) ).
Just like that, next June/July, you should find yourself the proud title of "early adopter" on the new EOS super chain.
Best of luck!
Cannot wait!!
Thank you for responding @cryptomagic
I assumed that since the ERC20 token is an implicit contractual arrangement, something like what you described would happen. I believer you're correct that this will happen, but I guess I'm looking for some "guarantee" or strong indication that this will happen next year. Do you know of any links whether from Larimer himself or Block One that indicates this outright? Also, if I were to buy EOS on an exchange, how would one go about registering the EOS key?
No worries @unlockrs
The unfortunate truth is that you have no guarantees with any ICO, even if it is from a well respected group of devs in the case of EOS.
There is nothing set in stone I can point you too and having searched a lot, it's actually hard to find much other than the hype from the initial offering launch. That being said, there is always dilution of media when a lot of hype is created which makes things like this hard to find.
I'd suggest reading the documentation put out by the EOS team to get a bit more info on what you'll be buying into:
https://github.com/EOSIO/Documentation/blob/master/Roadmap.md
https://github.com/EOSIO/Documentation/blob/master/TechnicalWhitePaper.md
Regarding buying from an exchange, I presume you can register your keys on the EOS app from their page, but you may be as well to purchase from the ICO. It is a bit pot luch how much EOS you get, but you could spread your spend over a number of days and hope that not too many other people buy in on that day.
I've heard that past 150 days into the ICO should be a good time, but I don't know how that can be justified. I would think more people would be keen to invest by then if news came out soon of some part of the project. The fact it's technically difficult to get into the ICO is a blocker for some which might help.
Hope this was helpful for you!
@unlockrs Found how you can register!
Register your public key on the EOS distribution app: https://eos.io/distribution/
Guide here
You'll probably need MEW or Meta Mask to do this, but should let you get setup.
Let me know how you get on.
Thank you! Have an upvote!
Thanks!
When is the next major catalyst for EOS? There are a lot of negative conspiracy theories circulating.
voted up and resteemed. Thanks for the info.
Thank You ! Every one is talking about it.
if we buy from exchanges how do we register for eos keys,
Someone will have to figure that one out. Thing is, registry isn't needed until June 2018 sometime.
Register your public key on the EOS distribution app: https://eos.io/distribution/
Guide here
Earlier today on Kraken, EOS was sitting at about $2.50 per token. What is being traded is that eth-compliant token and not some future contract.
Do we really think EOS will kill Ether? I'd imagine the people at Ethereum would upgrade their protocol to eliminate the threat of EOS if it actually become one (a threat) Furthermore, I don't see the folks I look to as "experts" in the blockchain space rallying behind EOS... why is that?
Actually, if you understand the technical details really well, you would come to the conclusion that everyone besides Dan and his team, looks fairly inept as programmers in comparison. ETH can upgrade a lot, but they have no intention of upgrading to handle 10k to 20k transactions per second, and this type of tech has been available for years now. Programmers in cryptocurrency have a lot of arrogance and very little humility to recognize superior technology when they see it.
Other projects need to be stealing Dan's ideas left and right, but they are not doing this. This is why Dan's EOS is going to burn them, and he is starting it off with the largest ICO ever, looks to be it should easily come in at 1+ billion dollars once it is finished. And considering EOS will be the best way to launch major blockchain apps without all the bottle-necks and limitations such as unmodifiable contracts that Ethereum has, the business world will favor EOS.
"Contract is law" is a statement that anarchists and libertarians adored. In the practical business world it is useless, because when you pay some guy $35 per hour to launch your DAPP, you can't guarantee there is no bug in the code. You need a chance for code revision, a chance to freeze the contract, ect. All of this EOS brings to the table and the business people are going to eat it up compared to clunky to use ETH with its bottlenecks and high fees.
That said, EOS is not here today. Today we have ETH, and I think ETH should still do very well going forward. There is room for both EOS and ETH, I just think EOS has the greater potential at this juncture.
Hi Crypto-investor, I was about to buy some EOS when I saw somebod in a blog saying it's better to participate directly into the ICO. Then I came across your column, and if I understand you correctly, you say 65 cents per coin is too expensive. Currently EOS trades at over 400 cents on the exchanges. Is that price comparable to the price I would pay if I would join the current ICO? Could you tell me how to calculate the price? For example, the current ICO window is at 3677 ETH and 12 hours remaining. I have no clue on how to calculate the price based on that, and because of that I also don't know how to decide what would be a good moment to buy EOS. I do like to diversify a bit away from Ether, because you seem to know what you're talking about and you have some confidence in this coin. What moment would you recommend for me to buy EOS in an ICO? This week? Wait a month? Wait a few months? My investment goal is long time (at least a year).
Sorry for all those questions, and thanks for any guidance you could give me!
Hm, so I already found the answer to one of my questions. To calculate the price of the EOS in the current ICO I divide the number of expected ethers for this ICO times the current ether price in USD, by 200.000, is that correct?
I believe that is correct, if you look at http://eosscan.io/ that's the calculation used.
How long does one have to wait after the round closes to get the tokens?
I bought 2 days ago and the round closed is the next round began and is about t close and I still haven't got my tokens. Is the normal?
I believe you have to wait five days to get the tokens. It's in the prospectus (white paper) which was issued. I also bought about 3 days ago and I am still waiting to receive my tokens.
You don't have to wait for your tokens other than the end of each period (every 24hours). It's a little complicated to claim at first, but you can claim easily through Meta Mask or MEW.
I'd give more advice, but might only confuse you. Download the instructions from the site and follow them exactly. There is also a video on how to claim them here
I hope this helps!
If not, report back here and I'll go through a step by step
been well over a week. no tokens issued. Not sure what else to do.
This is my contract
https://etherscan.io/address/0x0791a664dc0e98ca16bda7cf3a648f82ec3887eb
Its correct right? Says EOS Token Crowd sale right there. But the tab to "collect tokens" is not where others have said it should be. ><
What can we learn from this?