2 days ago, we witnessed the release of EOS Technical paper from our own e-mails or the EOS blog here on Steemit.
Upon receiving the e-mail or upon reading the post, we are provided some hints about the token distribution from either Dan Larimer or block.one, as we learn from the following quotes below:
There will be a token distribution, details will be made available as soon as possible.
[Source]
We are currently preparing a unique plan and will be releasing details as soon as possible, which we expect will be before the end of this month. - block.one email
As excited as I am, I just can't help but speculate on how it will be done given a few hints and some knowledge that I have.
Gathering information from these subtle clues, we know the following facts:
- The token distribution will be a unique one.
- Their plan will be released before the end of June, which is this month.
Knowing Dan, we can tell that:
- He's a kind man as the early adopters witnessed his request to make Steemit open source.
- He's a brilliant man so he can think of genius ways to make things possible according to his intentions.
- He's a veteran in the whole blockchain, an expert. I think he spends most of his time working and learning about what's happening in the world, blockchain, and his own works.
My Speculation
Considering all of the above, I speculate that the token distribution will be:
- MULTI-TIERED - this means that it will be done in more than one batch.
- LIMITED IN RECEIVING MONEY - which means that there will only be a certain maximum number of BTC per buyer, but per tier.
- VARIED IN VALUE PER TIER - which means that each tier will have different token prices. It could be ascending or descending or just random(?) or any arrangement that Dan would prefer.
And here are my personal opinions on why it could be like this:
1. Knowing that so many people are interested to buy, it will be a race and it might get a little messy.
As we've learned from the recent BAT ICO, the reason why it was sold out right away was because some people with huge wealth paid to be ahead. They even paid as much as two thousand dollars to the miners as a transaction fee just to be on the first. They knew right away that it will still be profitable for them.
To prevent this thing from happening again, I guess making it multi-tiered, limited and varied, will cost much more for those who will attempt to dominate.
2. EOS also uses Delegated Proof of Stake (DPoS) which means that the higher the amount of token you own, the higher is your influence to the decisions being made in EOS.
If EOS happens to be like BAT, there will only be a few voters to influence the decisions being made inside EOS - or at least those who will be able to buy the tokens at a lower price. I don't think that Dan would want that. It would defeat the purpose of DPoS and even the blockchain as a whole.
I think he wants all knowledgeable (about his works and the principles underlain) people to have a voice.
