EOS PROJECT SHORT SUMMARY:
THE IDEA- BIG POTENTIAL:
EOS will be an open source platform for scalable decentralized applications.
ETHEREUM CONTENDER.
THE TEAM:
Daniel Larimer is CTO. He is a well known figure in the blockchain world. He is behind BITSHARES and STEEMIT - great succesfull projects.
GREAT CODE DEVELOPEMENT TEAM:
Block.one will be responsible for writing all the code for EOS. Core team consists of well-known blockchain and software developers.
BIG BACKERS/ADVISORS:
Fenbushi Capital (VITALIK..), Blockchain Capital (BROCK PIERCE), Li Xia Lai, Michael Cao, Bitfinex, Yunbi, Aurora Investment advisors, Hyperchain Capital participate in EOS creation. All participate differently, some invest, some provide expertise or doing both.
THE ICO- ONE YEAR LONG!
90% tokens distributed to investors
ICO is divided into two phases:
PERIOD 1: (3 HRS LEFT): 20% of EOS tokens distributed
PERIOD 2 (YEAR): 70% of EOS tokens distributed
Phase 2 is split into 350 consecutive 23 hours periods, selling 2 mln. EOS tokens each period.
PROJECT STATUS:
nothing built by now (only idea and the best team/advisors/connections)
Should I invest? when?
Till this moment above 600,000 ETHER invested (about 160,000 mln dollars) which means:
160,000/20%= 800 mln usd EOS market cap.
Today the tokens will start trading in BITFINIX (well know exchange).
every day for a year from now- the ico will be open-
If you think that there will be at least one day with less than 1.6 mln usd collected ((70%*800 mln)/350 days) - DON'T INVEST NOW.
My opinion:
I only invest in ICOs which will sure be good in long term and also have a good potential to be good in short term (multiply by X when hit exchange)
Last ICOs invested in - mobilego, cofoundit, blockchain capital, TenX
I will wait.
I invested in the ethereum ico (about 18 mln usd collected), back then it seemed a lot of money to be raised : )
It seems crazy to me to evaluate this project around 1 bilion usd now.
This is a great project and I will hold some EOS in the future. NOT NOW.