EOS TOKEN SALE STARTS TODAY LATER
EOS, a blockchain working framework intended to bolster business decentralized applications, today declared further points of interest for its advanced token appropriation to be propelled on Ethereum. Set to open on Monday, June 26, EOS's token conveyance takes after a one of a kind investment demonstrate that will occur through the span of one year.
Brendan Blumer, CEO of block.one, the open source software and blockchain company developing EOS said:
- “To ensure inclusivity, EOS are not sold for a fixed price, but sold at a price determined by market demand; this mimics mining but does not offer unfair advantages to large purchasers.”
block.one will appropriate one billion EOS ERC-20 good tokens, called "EOS Tokens" more than 341 days beginning on June 26, 2017, at 13:00 UTC following the beneath plan:
- 20 percent of EOS Tokens (200,000,000) will be dispersed amid the initial 5 days of book opening.
- 70 percent of EOS Tokens (700,000,000) will then be part equitably into 350 back to back 23 hour times of 2,000,000 EOS tokens each beginning July 1, 2017.
- 10 percent of EOS Tokens (100,000,000) will be held for block.one and can't be exchanged or exchanged on the Ethereum network.
EOS is being intended to scale standard improvement for vast enterprises, right now unsupported by existing blockchain stages. EOS presents offbeat correspondence and parallel preparing to bolster a large number of exchanges every second, higher than that of Facebook and Google at 52 and 40 thousand every second, separately.
EOS is being intended to bolster disseminated applications that have a similar look and feel of their brought together partners, including disposing of the prerequisite for the client to pay for each exchange. This empowers new blockchain clients to get required without navigating the mind boggling procedure of acquiring a digital currency and should goad the business. It likewise implies any sort of utilization can be manufactured, run, and administered by EOS's working framework, making another level of straightforwardness for business.
At the end of the 5 day period and at the end of each 23 hour period referred to above, a set number of EOS Tokens will be distributed pro rata amongst all authorized purchasers, based on the total ETH contributed during those periods, respectively, as follows:
Distribution Schedule ?
Distribution Schedule
The distribution schedule comprises of one (1) 120-hour period commencing June 26, 2017 at 13:00 UTC, followed by three hundred fifty (350) consecutive 23-hour periods commencing July 1, 2017 13:00:00 UTC. Within 48 hours after the end of the final period on June 1, 2018 at 22:59:59 UTC, all EOS Tokens will become fixed (ie. frozen) and will be non-transferrable on the Ethereum blockchain.
HOW TO PARTICIPATE ?
To participate in the EOS Token distribution you will need to send ETH to the Ethereum smart contract address set forth below during a period of your choice. The EOS Tokens will be reserved for you to claim when the period is completed. The minimum contribution amount is 0.01 Ether.
SOME THINGS TO REVIEW BEFORE YOU SEND ETHER -
Always make sure to spend your money or eth when you are sure that you will get good investment later. Do your reasearch and always spend money which you are willing to lose if things dont go in your way.
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