You are viewing a single comment's thread from:

RE: What is EOS and why is it relevant?

in #eos7 years ago

I haven't been able to understand why the EOS is on the ETH blockchain. Doesn't that defeat the purpose of all the benefits of scaling on graphene? I still haven't been able to work out what use the EOS tokens will have as they are an ETH token.

Sort:  

The initial sale will be on Ethereum only to take advantage of the network effect. Once that is done then a mecanism will be setup to claim the EOS token on the actual EOS blockchain. I don't have first knowledge of how it will be done...this is what I think will happen much in the same way that Peerplays did their ICO on Bitshares but then setup their own blockchain.