The news from last weekend’s EOS meetup in Korea is dramatically underrated and unveiled an unparalleled value creation mechanism.
This is my first post, because this needs to be said. More will follow only when needed.
There were a few exciting pieces of the meetup, but I’m going to focus on one – the game changer. The announcement the Everipedia will not hold an ICO but rather air drop IQ tokens to EOS token holders is a 100%-crypto-as-we-know-it-game-changer. While many projects have air dropped tokens before, they additionally held an ICO, diluting the air drop recipients. This revolutionary new method is on a % (of EOS) to a % (of insert project here). Based on how much EOS you hold, you will receive a proportional amount of IQ tokens. While it was not explicit that this will be the case for all projects, the precedent is set and the interests are aligned for all parties:
Developers:
No need to host a token sale when:
• you already have the most decentralized token network in history to distribute to (why wait a year to raise funds when EOS already did the waiting)
• you can obtain an instant user base that is one of the largest in the market
• you don’t need to deal with the headache of developing / organizing an ICO
• you can receive cash to finance your project (not crypto – no market risk) and a team to help onboard you
Block.one:
• Projects will be competing to get on your platform
• You own 10% of EOS tokens and will directly benefit from receiving air drops
• Probably a lot more here, but that’s enough for them, on to the good stuff……
EOS holders
• For the first time owning a token will grant you a PRO-RATA share of future projects in addition to the value of your actual EOS token benefiting from network effects. I can’t underscore this enough. Lifetime dividends of future projects compounding on top of each other. THIS IS A VALUE CREATION MECHANISM LIKE NONE BEFORE IT. Whatever % of the market chooses to build on EOS, you now own that % of the market [tokens].
• As projects get funded by dollars, there is no basket of EOS for them to then dump in the market (as is the case with ETH) which could adversely affect the EOS price
• As ICO space becomes regulated, attractiveness of this method to unfunded projects increases, thereby increases token value/validity
I liked EOS before. I thought their technology (which admittedly I only understand at a very high level) would probably win out above competitors, but I was (and remain) cautiously optimistic on that front. However, in my research efforts day in and day out, I have not come across something this substantial. Not in this market, not in any market, not in my lifetime. Pure genius.
I’m sure I’ve missed something – please, let me know!
Also, thank you @marketingmonk for first turning me on to this project, I listen (podcast) every day.
DISCLOSURE:
- I own EOS
- I am not a professional.
- These opinions are my own - do not accept them blindly, do your own research.
- I wrote this on a few glasses of a very delicious Argentinian Malbec (enjoy your lambos, I’m buying a vineyard).
greetings from Argentina! happy to hear that you have now 2 great assets, a vineyard here and your eos tokens :P
i'm also full onboard with eos, everyday more convinced on the project, loved your observation about instant decentralization and of the tokens and user database for the developers, also your comment about the model of airdrop avoiding legal issues with ico fundings. great insights!
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