Biggest Crypto News Ever! Please RESTEEM & UPVOTE to make sure that all Steemians see this!
Total Fundraising at Current Price would Net Almost $3BN, Already Best Funded BlockChain Technology, Largest Ever ICO.
Okay so the current token price for EOS is at this time of writing $4.50, translating to an estimated $3 BILLION of funds to be raised for EOS over the next year!
For those of you who don't know the EOS crowsale has been very cleverly conceived, it works in the following way:
EOS TOKEN DISTRIBUTION METHOD
The EOS Token distribution will take place over 341 days starting on June 26, 2017 at 13:00 UTC. 1,000,000,000 (one billion) EOS ERC-20 compatible Tokens (“EOS Tokens”) will be distributed according to the schedule below:
200,000,000 two hundred million - distributed during a 5 day period beginning on June 26, 2017 at 13:00 UTC and ending on July 1, 2017 at 12:59:59 UTC.
700,000,000 seven hundred million - split evenly into 350 consecutive 23 hour periods of 2,000,000 EOS tokens each beginning on July 1, 2017 at 13:00:00 UTC.
100,000,000 one hundred million - will be reserved for block.one and cannot be traded or transferred on the Ethereum network.
THE ICO SO FAR....
So how is it doing so far? Well the total Ether now raised is 689,000 - That's $192 Million for only 24% of the Project. This breaks down into:
First 5 day ICO offering: 200 Million tokens sold for 654,000 ETH ($185M)
First 1 day ICO offering: 2 Million tokens sold for 12,423
Second 1 day offering: 2 Million tokens selling for atleast 25,000 ETH (current ETH received 22,500)
First of all, it is clear that investors already see EOS as a potential competitor to Ethereum as it has been catapulted straight into the top 4 crypto market caps on launch - that is unheard of. Secondly, it is clear that this new crowdsale is extremely cleverly created as by not selling all the tokens at the outset, the EOS project itself will gain much of the market cap gains that initial investors would normally gain. As I mentioned at the beginning if the token price stays as it is today, EOS will raise approximately $3,000,000,000 (that's $4.5 x the remaining tokens to be sold - 696,000) Yes over $3BN in funds!
The Ethereum Foundation is currently the best funded blockchain technology with approximately $200M, EOS stands to have over 15 times the amount of funding - and that is at today's token price. The price could easily more than double over the course of the year or more, so my projection is that they will in fact raise nearer $10Bn. THIS IS INSANE - but what does this mean?
THIS FUNDING CAN CHANGE THE GAME
With these type of resources, EOS could be employing thousands of the best programmers accross the world, sinking billions into events, conferences, campaigns, sponsorship, corporate relationships, government liaison etc.
While EOS has to work fast to catch up with Ethereum, with this kind of money I am now convinced that they WILL be able to catch up and with the superior technology that I believe EOS allows, I now believe EOS will be the blockchain platform that creates the new Internet of the future.
For more information on EOS crowdsale please see my other posts on www.steeemit.com/@willstephens and see company website at www.eos.io
In my opinion, this is the BIGGEST crypto news, to break for a long time and none of the mainstream media have picked up on this - Please RESTEEM and Upvote to make sure that STEEMIT is first with this incredible story!
Follow me for regular updates on the EOS project.
Have a beautiful day,
Will
Perfect just what I needed to read. Thank you
Thanks for this information... It's helpful
Hi! I am a robot. I just upvoted you! Readers might be interested in similar content by the same author:
https://steemit.com/cryptocurrency/@willstephens/why-eos-can-rival-ethereum-total-ico-funds-of-over-usd3bn-est-curentmarket-cap-of-usd4-5bn-overtakes-litecoin-market-cap
Thanks for this Will. I have been trading EOS and got involved in the ICO as well, with this distribution model it can take the attention off the big picture and it is good to realise that the market cap is already in the billions! Expectations are SO high, let's hope they can deliver. It won't be any time soon though with the year-long ICO so would you say it is likely that the price will cool off a bit?
I'm not risking it - I have my holding already - but at average purchase price of $1.60 - ultimately this should be neck-and-neck with ethereum in market cap. within 1 to 2 years so today's buy price is irrelevant in my opinion - if it does drop to $1ish I may buy more!
I think one of the things people are under-estimating is (a) how amazing this technology is and (b) how much money they are going to have at their disposal - at this rate they may end up owning 5% of all Ether! ;-)
Yes I'm with you. I bought into the second tranche which averaged the 1.60 as well. But then fomo kicked in and bought a little more on the market the next day expecting another run after the third tranche so my average is slightly higher. Now I see a slow and steady retrace since due to the dilution given the 2M coins being released every day. I reckon we need some news or some developers already starting to build some dapps anticipating EOS technology (is this even possible?) to move this upwards. But when it does...Set and forget until it does.
I would resteem this but the resteem icon is not visible!
wierd - I wonder why?!! never seen this problem before ;-)