Well, here we go!
I just saw this:
Massively Distributed EOS-derived Blockchain XenonNetwork to Begin Token Distribution
"XenonNetwork (http://xenon.network/), an enterprise-scale blockchain launching in July 2018 begins a massive distribution"
"The organization proposes to distribute the Xenon tokens as follows:
-- 30 percent of Xenon tokens will be distributed to ethereum addresses containing more than or equal to 0.1 ether in early October.
-- 20 percent of Xenon tokens will be distributed to bitcoin holders based on proof-of-holdings in November.
-- A further 20 percent of Xenon tokens will be distributed using proof-of-individuality mechanisms to encourage widespread circulation of the tokens.
In July 2018, these ERC-20 tokens will be redeemable for native tokens on the newly launched blockchain.
“We believe that distribution and adoption are the most important factors determining the success of a blockchain project. We are determined to have this token in the hands of as many people as possible at the launch of the blockchain in 2018,” said Mr Kong.
Disclaimer: This press release contains forward looking statements, strategies and plans which are speculative and may not eventuate. XenonNetwork has no relationship to EOS.io, block.one, or the founders of the EOS project, other than our stated intention of adopting the EOS MIT licensed open source software."
Notice that there are no planned tokens for EOS token holders! NONE.
How about that...
The problem with this is that the holders will most likely have no knowledge about the tokens which represent the resources and the only way to know that is by joining discussions in EOS - which will most likely influence them to just join the native community. That's not an effective distribution. That's only good for those who don't know well or Eth or BTC developers who are late in knowing about EOS and missed the distribution - which will only be a minority since the percent of resources that they will own will be diluted (in that case it's better to sell ETH and buy EOS based from the price). I also think that block.one has other strategies or plans to attract more people into the community. And even if ethereum developers migrate through xenon, that would only mean more destruction to ethereum. EOS still wins in that case(?)
That is ridiculous. So they're holding an ICO to fork a blockchain that hasn't been created yet? And there's no distribution to EOS holders? I tried to get more clarification from Xenon with no response. Fuck Xenon.
This comment on bitcointalk by a user named Sydewinder made me laugh:
"So you're planning on waiting for the EOS team to spend a shitload of time and resources developing their platform and then try to profit from it? that's about the laziest thing i've seen here in a while"
Source: https://bitcointalk.org/index.php?topic=2209559.0
My favourite quote is in their announcement
"200,000,000 XNN airdropped via proof-of-individuality mechanisms"
Like they have this magic box which can tell individuality, if they had that then they would not be knocking off someone else's software
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https://finance.yahoo.com/news/massively-distributed-eos-derived-blockchain-234600243.html
Nice find @cheetah! You're so fast ;)
Open source software is useful, because someone can improve the code. But there is no benefit to the code, if someone replaces the tokens. Is it to late for block.one to implement a new custom Open Source Definition for EOS to avoid replacements like this? Such a change would highly welcome for all investors! What do you think about this suggestion ?
They will spend a lot of ETH to send their tokens to that many addresses, also they have not shown that they can even generate a list in a reliable way (personally I think this is MUCH harder than it sounds)
Add onto that the fact that they have no experience with the software and no community support. This guy will come crawling to the EOS main chain begging to be elected as a block producer in no time.
good
So what will happen to the EOS token we just bought? Will they be exchangeable?
There will be a real EOS blockchain launched by EOS token owners, that will exchange current EOS pre-release tokens for real onces.
Your EOS tokens wil be exchanged for real EOS blockchain, ignore this attempt to steal our blockchain. :)
Guess whose value just shot up 10344636190.644%