Great recap! I agree with your thoughts. Why have they choose to have such a long ICO? I'm a bit invested, but have my doubts as well.
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Great recap! I agree with your thoughts. Why have they choose to have such a long ICO? I'm a bit invested, but have my doubts as well.
No one,and don't lie had an idea that after going up 4 fold since January, Ethereum and the market would more than 10x or even 30x plus. They raised much more funds than projected or intended and I'm leary that they didn't adjust or close their model. It's an experiment I refuse to be a part of.
Agreed @crypticat, Block.One hasn't been very transparent about how they will use the ICO funds. We know they haven't been used to fund the development of EOS and that some of it is being allocated to VC funds and incubators... but not much else.
Hi @etka, the idea behind the long ICO is to allow as wide a distribution as possible as well as leaving the market price the token relative to the development of the project. It's a good idea imo but Block.One hasn't been very transparent as to how the funds would be managed.