WOW
WOW
WOW
What else can I say? The first EOS distribution window of 200.000.000 EOS is almost done. With 10 minutes to go they raised 640.000 ETH, this is a record-shattering, mind blowing amount.
Let me say this again: $176,685,063$. How on earth and why and what does it all mean?
On the one hand it could mean that people bought in the FOMO like crazy. That an ICO that lasts A YEAR can still induce FOMO is maybe a bad sign but oh well.
It also means that people believe in this project and they want to signal their support. All my dev friends interested in the blockchain are really really expecting EOS to finally give them what they need to build great projects. They don't know how Dan is, what the price is doesn't matter..guys like @nadejde won't even calim their tokens!
I am unsure how many of the people sending eth here understand are like my friends. I am afraid most don't know how EOS will work and why it is unlike any ICOs before. Still, like ALL the other ICOs, the coins will be tradeable right away, so what's the difference anyway...
What's next?
Who knows. The ICO continues as normal, next window is open for a day and will distribute 2.000.000 EOS. That means that we will need at least 6400ETH contributed for the price to be par for the first day. From now on, that's what every day auction needs to raise for the price to stay at the level set by the first day. Is this possible?
Secondly - and to me, the most important part - EOS coins will be available on most exchanges. In truth, EOS coins MIGHT be available on most exchanges. That's a big part of this ICO promise, that the trading on exchange will be what keeps the price in check. As Dan himself says here:
Market will protect everyone if we can get them on exchange. I think there's little chance on exchanges not picking this coin giving how much they are worth though so we could be safe. If none pick it up it will be kind of lol. But come on, that's like...never gonna happen :)
The interesting this about this exchange - ICO rapport is that if the price on exchange falls, then it makes no sense to ever buy coins from the auction if there are already 6400eth in there ( you'd pay ICO price ). But then, those who already did will get cheaper coins. It's a like a fucking ouroboro!! The incentive is for everyone to be a rational agent in this game(theory) we all decided to play when we bought into EOS.
Behavioral economy proves that people are not rational agents though so I am sure we'll see some really weird and downright stupid decisions from people :) Will be fun.
What's sure is that Dan right now must feel like a BOSSS. Cheers to you, Dan!
Great achievement for those who participate in step #0 of EOS ICO. I hope EOS will as successful as ones ICO.
We can trade EOS in Kraken now!
https://steemit.com/steem/@amartinezque/kraken-launches-eos-trading
Yup I just did that. Just bought about 18K Canadian in EOS. They posted earlier in the day they were offering EOS now and I jumper on it
If I buy EOS on Kraken can I move them from the exchange to myetherwallet..how? thanks
Should be able to
did you buy some presell EOS? Do you maybe know how many coins one get for 1ETH in presell? Thank you:)
Hi, ottobubenicek. I've bought some today from eos.io and had to pay 6 USD per EOS, the market price on bitfinex was 5 USD at that time, so be careful. ;) For details see my post: https://steemit.com/eos/@supastix/lesson-learned-don-t-buy-eos-from-eos-io-use-the-exchanges
Good post, Thanks for this info
This comment has received a 0.09 % upvote from @booster thanks to: @hamzaoui.
Well Just bought 9275 Units of EOS, wish me luck. I have plenty of faith in this platform. Wish me luck
https://steemit.com/eos/@fuckmylife/just-bought-5000-unis-of-eos-am-i-stupid-for-doing-so
wow dude :D
Don't worry about it got scared when it tanked 35 % then after I sold it before it sky rocketed. I cant handle these huge swings. I had 5 chances to buy at 1.30 - 1.36. After selling at 1.45. But thought it was going to go back down to 1.00 . And it didn't and I lost out. which is typical. Why else do you think my name is FML.... FML
I have that fear of missing out but the price per coin is too high imo. This is a yet to launch coin valued at an insanely high amount. We're talking about top 10 crypto pricing pre-launch!
amazing, eh ? :D
If this works out it definitely will be! We'd be talking about a top 5 coin for sure.
Agreed, the market cap is froth and totally unproven. I believe this will tank a good percentage like Wall Street IPOs do right after release.
Note: This is not a commentary on the quality of EOS, just the pricing.
"people are not rational agents though"
I only wish they would stipulate to this in graduate economics degree programs.
they start to now :D
Better late than never! =)
How to claim EOS tokens (MEW)
https://steemit.com/eos/@cryptokom/video-how-to-claim-eos-tokens
Great tutorial!
I'm using the trezor wallet connecting to MEW following the steps you're showing, but everytime I push the Generate Transaction Button it shows on the bottom of my PC - Window Closed!
I resetted my browser already; using Brave, Safari and Chrome - but it's always the same...
Do you have any helpful tips so that I can solve this issue and transfer my EOS-tokens to my wallet?!?!
THNX!
Hi. This looks like some sort of javascript error on MEW. Do you have any restrictions on your browsers? Stuff like add blockers or clamped down security?
You're absolutely brillant!
It was the Ad-Blocker! I was trying now for 4-5 hours to get this issue solved what you solved within a few seconds... - I'm really thankful for your time, your knowledge and that you were willing me to help!!!
I send you 10 steem with a BIG smile on my face and wish you the best!
THNX!
You're welcome:) Glad I could help.
A dedication to you! ;-)
Cheers mate! Happy to help:)
Hmm... I think I'll take my chances on being able to pick this up for cheaper than in initial ICO price. Either during one of the daily auctions or from an exchange.
I've a feeling that
May ring very true for this over the next few months.
I'll be watching to see how this plays out... the ICO is almost as fascinating as the token!
I'm in the same boat!
I just can't see how they can keep getting the 6400eth needed every day just to keep the price at current levels...I mean they could if they just buy and sell buy and sell every day but I think eventually something gotta give. A lot can happen in crypto in one year. So, yes, I'm betting on this as well.
But you are right that:
Very true! At the end of this we could make a case study :))
I think as long as you have a decent amount of ETH, BTC and fiat... at some point in the next year, you'll be able to pick up EOS cheaper.
As you say, a year is a (very) long time in crypto! In that time we've seen Steem hit a high $4 and a low of 7 cents!!
I'm hoping for an indecent amount of all :D
Nice read though I am not sure what you meant by this - "But then, those who already did will get cheaper coins" and how does that analysis come about.
Well you know the price / coin in the daily auction comes from the amount of ETH invested. So if there are 3200eth then you get 2x the EOS for the same price vs ICO price [ right? ]. Now, if I were to get in here, I'll automatically lower the amount of EOS ppl get for the price including myself. So I'm raising the price if I enter the auction but I'm also giving the people already in a good price if I don't :)
Makes sense?
It does.
With EOS already floating on Kraken and Bitfinex, I would suspect that Eth/round would follow the market i.e. If the price of EOS is higher then ico price on the exchanges, then contribution will also exceed 6400ETH and vice vesa.
Do you for see a chance of major arbitrage between each round and the prevailing market price at that time?
i'm quite sure ppl will game this system.
I'm thrilled by the almost-flawless way they run the ICO. Besides the potentially earth-shaking ideas they came up with, their philosophy in protecting the little guys from the whales during the ICO sale deserves merit!
if it does not backfire :D
i mean 80,000 transactions per second possibility? It's insane.
This might be a genius concept.
It could be like night and day.
Volatile when the ICO window is closed, stabilizing when new tokens are available and both market price and ICO price are relating back to each other.
yeap.
yeah, genius for sure! I can't even understand why it would be otherwise! Dan is much smarter than others obviously.
lets hope this all works out, theyve made a lot of money and have a lot to live up to
I'm not worried at all, it's as much of an investment into the technology as it is into Dan himself for me.
I think so too.
I do have faith though. Also am a little anxious as well..
Very smooth first round. I'm interested to see how this plays out when the tokens hit Bitfinex and if the demand for future rounds remains strong.
I believe that EOS is probably the best ICO in this year. Their idea is great! But I am a little bit skeptic about its price in short term. First of all I do not believe that it will have an constant upward trend in first weeks. Price will rather be volatile (like it was for all other new currencies).
So, I (as someone who didn't invest in EOS) will have an opportunity to buy it cheaper than those who put their money these days.
Well..as I said, there is kind of a balance mechanisms in check. Everyone involved has no incentive to ever sell low. Big players have no incentive to let the the auction go under ico prices. It's interesting to see if people will manage to hold...OR that they overplayed their hands :)
EOS price reached on 3$ at Kraken.
So would they be a good coin just to buy and hold on to?
That\s a whole different discussion...
It looks like a the best ico for this month breaking walls
yeah. for sure :)
The EOS token is already being traded on www.hitbtc.com with another exchange to start trading later today I think.
that many contributions already is insane! Can't wait to see what happens :)
BIG SCAM they will run away with your money. ICOs are 1% legit future coins.
Well, I am completely against these insanely high price ICO's. People who buys in these ICO's generally dumps their shares as soon as it hits the exchange and make some quick money, this leads to the price deduction which can continue over months on exchanges.
Thanks for sharing by the way.
In this case, it's gonna be hard to do that.
I hope it will be good when it comes to exchanges and they work for the betterment of project in coming months to make it a success.
I really think the eos ico will be the biggest one untill now.
interesting! I was wondering how much they raised! Is that a record? how does it compare with Bancor or others?
it's a killer record. nothing even comes close. those had hard capps at 250.000eth
and it will go on for another year. with a minimum of 6400eth daily x 330days. do th emath
Can someone tell me what EOS is
So with this coin being backed with so much ether. Will its value move up and down with the price of ether in unison? Seems kind of seems pointless seeing I just traded a bunch of my ether for EOS
Do you have to claim eos tokens from the distribution or can you just leave them there (unclaimed)
Great post this is.. EOS is going to MOON in next 15 days.. Must check this
https://steemit.com/eos/@durgeshg/don-t-miss-a-chance-to-become-a-millionaire-invest-to-eos