EOS Announced Its Token Distribution Terms - It Will Be ECR20 / Ethereum
I know many of you are following @dan latest project, the EOS blockchain. But I don't know how many of you are aware that the crowdsale is entering the last stage. Here's what I got in my inbox just seconds ago:
Today block.one is happy to share a first draft of our upcoming token distribution smart contract.
(“EOS”) Tokens will be distributed as an ERC-20 compatible token on the Ethereum blockchain. The repository containing the EOS Token Sale smart contract can be found at https://github.com/eosio/eos-token-sale.
We will be conducting a 2 week public trial run of the sale on the Ethereum test network. We welcome anyone interested in learning how the sale works to participate in the trial. A follow up email will be sent with instructions on how to participate in this trial when we deploy the trial contract to the test network.
For now, we don't know exactly the size or the date of the crowdsale, but you can have a look at the instructions for this testnet dry run, by clicking here.
For the Steemit ecosystem I created a free tool for checking your potential rewards at steem.supply.
https://steemit.com/~witnesses
This is really, really interesting.
Probably makes sense from a business perspective.
I really wonder how this will fair:
Well this sure will be interesting. I have to give credit to Dan for trying new things. Will the tokens be unlocked right after or soon after each window closes?
Not sure. I have a feeling this is going to be problematic. Not sure how the FOMO will deal with the ICO every day.
https://steemit.com/ethereum/@kyle.anderson/eos-the-ethereum-killer-with-an-erc-20-debut-what-is-up-with-this-strange-ico
Yes
Having a website that shows line graph of price progression for each window and price/eos ticker for current window with timer would be well appreciated by the community.
If the official team is busy, try to mention the need for it and how there are rewards waiting for him in Steemit. We want this data to be easily reachable by everyone so they feel more in control and would go miles to make this ICO the fairest so far.
Thank you for your work.
At first thought, I would say that I'm happy with the long distribution. Basically 361 individual fund-raising events. In my opinion, it sounds like a better strategy than say the BAT ICO, which ended so quickly very few could get in, and somebody spent ~$6000 in gas, I heard, just to guarantee a spot in the queue.
https://steemit.com/ethereum/@kyle.anderson/eos-the-ethereum-killer-with-an-erc-20-debut-what-is-up-with-this-strange-ico
Yeah. It will be interesting. I expect some sort of FOMO waves with the price.
You're almost certainly right about that. I guess ETH-cost averaging is probably the best strategy for those who are interested.
Yeah. It is going to be an interesting one. Due to the length of the sale, I might choose the wait and see strategy.
BTW I just saw on another post Dan mentioned that the tokens will also be tradeable during the fund-raising. So as soon as the first 5 days are up, the EOS will be distributed and trading, meanwhile the additional fundraising events will be ongoing. Definitely will be interesting to watch at least.
Thanks for that clarification. That at least makes for some interesting speculation. Also tells me that EOS is not quite ready for release.
so many crowed sales coming out, no one knows what will even be here in 5 years, I think it is better to invest in established coins.
I got the mail myself and clicked the link. Didn't quite understand the information it gave me. So what do we now know about the sale other than that it will be in Ethereum?
I thought for sure they would use Bitshares i bet Openledger are so pissed. It is sort of inevitable i suppose with all the other successful ICO's on the platform. I wonder if BTS now dumps?
Just like former Mozilla CEO raises $35M in under 30 seconds , i hope and wish former steemit CTO would raise the amount for EOS in 30 seconds , on the Ethereum blockchain
ohhhh. thanx for the heads up!!! Learning more about EOS. steemit super hyper local on these blockchain, crypto, and EOS.