Would someone please explain why you would buy this on an exchange around $1.80 USD if claims on "to-be-issued tokens" are for sale for an entire year directly from the developers? As I understand the ICO, there's no real limit on how much these guys raise over the course of a year. Shouldn't EOS exchange prices be pegged to the ICO price? I would sincerely appreciate an explanation. Thanks in advance.
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Hi. the reason you would do it via an exchange is because you know the price you will be getting. If you buy via the 8 month ICO, you will be issued a percentage of the 2 million coins released daily , but if a big whale comes in on that day and spends 100,000,000 dollars, you might end up paying a much higher cost than the assured 1.80 on the exchange.
On the other hand, you could buy on a really good deal and get a great price. This is the difference.
Thanks. But isn't the price set before the sale each day? What happens if it is under-subscribed on any given day? I feel like I'm missing something and my failure to understand the mechanics of the daily fund raise makes me want to walk away from EOS.
So let us say that you put in 10,000 dollars on a particular day of the sale. And on that day, no one else in the world purchases any EOS via the ICO, you would get 2 million coins. This is because the distribution of the 2 million coins is distributed amongst those that participate on that day.
Do you have to pay in ETH? If so EOS should somewhat track ETH. In that case it might be worth buying, if ETH's price increases as much as the token-to-be-issued gets diluted each day.
You can buy on an exchange for Bitcoin. Or you can use a different base currency if you use https://changelly.com?ref_id=f303146d3267 . That is my Reference number.
Well the Ethereum token that is EOS right now, will be different from EOS after launch, whereby you would convert your Ethereum compatible EOS token into the true EOS graphene based token. This process should take someone just a few short minutes. It is akin to what the token drops of various other coins had also adopted.
Cheers!
Thanks. I took a position in EOS yesterday.