You are viewing a single comment's thread from:
RE: Poll: What is the best strategy for contributing to EOS Token Sale?
Invest in Bitshares. EOS ICO will be a year long, BTS might make you millions in that time frame due to the upcoming Billion Dollar Challenge (see @stan's blog) - the goal is to make Bitshares a TRILLION dollar decentralized company.
Then, take your earnings, borrow against you acct balance and invest in EOS on the secondary market. You might buy the shares at a more expensive price, however you will be able to buy a whole lot more of them.
I'm trying this right now with HERO. It is very, very interesting. If the liquidity Stan is hoping for comes into the DEX buying BTS now could be a huge wealth creator.
The idea is to get people to buy BTS to back HERO correct? What is the underlying goal? Just to bring up the value of the BitShares chain by funnelling wealth to it? What happens when the desired value is reached? People receive BTS? BitUSD? Do they essentially cash out and dump?
First i've heard of HERO. Trying to figure out what the underlying goal is in the long term.
Is there a post that goes into more detail?
The goal is to bootstrap HERO into a mainstream currency. For those with a high risk tolerance, this means buying BTS and using it as collateral to issue HERO into existence. Those with a low risk tolerance, can simply acquire HERO to use it as a 5% APR savings account.