EOS tokens distribution vs buying from exchange

in #cryptocurrency8 years ago

Hi Steemit,

I saw the price of EOS was quite low few days ago and decided to buy some, but since we could buy directly from an exchange and from the EOS token distribution on their website, so i tried both. From the exchange is straightforward buy pay and receive.

For the Distribution i sent 0.1 ETH to the EOS distribution address, and was charged 0.00154 for gas. I received 28 EOS tokens, 0.05466ETH for gas when i claimed the token.

So total cost is (0.1562 * 320) /28 = $1.78514 , so more expensive than buying from the exchange due to gas cost.

Has anyone tried buying more using the distribution system? Probably more cost effective that way? Thank you

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Nice post and useful info thanks! Upvoted

Anyone help with this?

I bought through the distribution and am storing in myetherwallet. I have registered an EOS public key to my ETH address. I presume now that I don't need to register again if I add further tokens after buying from an exchange?

I bought from exchange and then i bought from the distribution, and registered the key last. I think we don't need to register again, as the tokens i bought from exchange was also shown in EOS interface and added to the ones from distribution as 1 total

Makes sense thanks!

yeah most definitely cheaper ! Cheers

Do you own some EOS too spikykevin?

Good news for all of us that bught their tokens on an exchange. Official alternative in the works.

https://steemit.com/eos/@kcfrau/eos-team-is-working-on-a-new-page-that-allows-non-metamask-users-to-access-key-generation-feature

hi kcfrau, yes at the moment it's better buying from an exchange. That alternative might be good as it makes easier and might make price up. hopefully

amigo #resteemia at your service

you should wait few more days. it might drop more @djohan

ReSteemia
'UpVote ReSteem Comment'

thank you resteemia, yes today is up so will wait for few days to add more

@djohan - Sire, please try with exchanges. Love your post Sire.

+W+ [UpVoted & ReSteemed]

thank you steemwija, yes i bought from exchanges finally

@djohan,
Yep little expensive :/ Hope it might rise again!
if I get a solution I will let you know!

Cheers~

hi theguruasia, thank you. I bought more from exchange, this one just to try and compare.

@djohan,
Ah then okay friend! Didn't know that!

Cheers~

Me too found expensive !

Maybe when the price is 4 dollars it's worth doing distribution way. But then there will be more people in the pool also

Wow....nice post with useful article about crypto currency from @djohan after 4 days...
Smart work..
Cheers!...

thank you dinisanda, been researching ICOs the last few days. There are good ones and there are scam ones too

never tried buddy

hi cityslicker, it's a new platform development, currently on ICO period until next year

huge differences there on Eos

Hi starving, maybe if i bought more, might save the cost of gas and end up cheaper? not sure. But buying from exchanges seems like the safer option

Wow, that is a big difference

Yes, but sometimes we can be lucky when there are not many people in the pool on that day then we get cheap

i will look to buy what would you suggest :)

hi blazing, some people wait till last minute of the distribution period and check . 2 million EOS are distributed daily, and they will be split equally according to the Ethers received. So price is 2000,000 / (ETH number*ether price) + gas charges. I think it's safer to buy at the exchanges

If i would start buying, what would you suggest?

hi zoef, at the moment it seems better to buy from an exchange. But EOS hasn't launched their platform yet, so it's still speculation, but if successful it supposed to be very good

I have some EOS, not much, but used my Exodus Wallet to exchange using Shapeshift.io.

thank you for your comment walkingkeys. Good to know we are on the same boat to prosperity, lol

they charged more :(

Yes better to buy from exchanges at the moment

i didn't knew about this

It's quite new to me too, just saw the price was cheap so i got interested

Exactly what I was looking for. Thanks!

currently price is very cheap. Good luck

Am i late to the party?

 8 years ago  Reveal Comment

I will buy when it drops a bit during the ICO period and accumulate. Still speculative at this stage though, but that's where we get big gains