Due to the China ICO ban, EOS is falling the hardest of all "serious" Crypto's (almost 50%). Many people think it has to do with the fact that EOS is not a good platform or doesn't provide what's promised!? But this is absolutely not the case.
It's simply because they have an ICO set-up allowing people to take part of their ICO every day for a whole year!
This is a great set-up but I guess they have never taken in consideration that an China ICO ban could take place.
So who is behind EOS?
Dan Larimer, the genius behind Steemit and Bitshares and along with him there is also Brock Pierce and Ian Grigg who are 2 very experienced Blockchain experts. When looking at the EOS whitepaper it becomes very clear that Ethereum can expect some heavy competition next year. Let's face it, Ethereum isn't extremely fast and the transaction costs can become rather high.
Great value for money right now!
Knowing all this and if you live anywhere in the world but China or USA, it's a great time to take part in their daily ICO or buy the EOS tokens on a exchange because you will get an absolute great token for a ridiculous cheap price.
How and where to take part of the EOS ICO (Initial Coin Offering)?
EOS is tradable on the exchanges;
Bitfinex | CHBTC | Jubi | Kraken | Binance | Liqui | BTER | EtherDelta and HitBTC
(might be missing a few small exchanges)
But you could receive even more EOS tokens if you would take part in the EOS daily ICO where 2 Million tokens are divided by the amount of ETH that is put in that day.
Link to EOS website, follow the instruction to take part in the daily ICO
My price prediction for EOS by end 2018
Now I know this sounds outrageous but within the world of Crypto's I have seen much bigger gains after one year. It wouldn't surprise me if EOS will be worth over $50 per token mid-end 2018. This would mean a growth factor of X70.
Why? By then they have a working smart contract platform which could be very compatible to Ethereum, no more EOS ICO prices fluctuations and new company ICO's starting of on the EOS platform.
One year price evolutions of Dan Larimer's previous project; Bitshares
Dan Larimer previous smart contract project;
Now with all this information it's no guarantee at all that EOS will make you 70X + return within a year. CryptoCurrencies are more hyped and new coins have been fludding onto the market the last 4 to 5 months. But if I had to make a bet on which platform could be doing really well in the short-mid term future, I would most definitely put my money on EOS.
Disclaimer: I am bias, I did put a decent amount on EOS for my own portfolio.
Yours Truly,
CryptoPaul
Using irrelevant tags, especially popular tags, makes it hard to find good and relevant content.
Please try to use only relevant tags when posting!
#steemit
Please only use the “steemit” tag for articles distinctly related to Steemit, the website, itself.
Well, since the article is about the creator of Steemit I don't think its quite irrelevant to tag Steemit...
But I'll take note for next post! Cheers
Es bueno saberlo GRACIAS! @steemcleaners
The blockchain idea is brilliant but the ICO itself is a scam. Goodluck.
ICO EOS scam? I am not sure if you understand the structure and meaning of an ICO... yes there are many ICO scams out there by many people who just want to take your money (even posted about this).... but the EOS ICO structure is well set up and ABSOLUTLY NOT a scam
buena proyección hermano buen post
CAn you elaborate a little further why should EOS have such a X70 price ? How do you arrive at that number ?
Good question! Looking at todays marketcap of EOS; it's hovering around 250MiL, if we times this by 70 and you'll get 17.5 Billion MarketCap. This isn't even the MarketCap Ethereum has today!! Yes more tokens will enter the market but also the need for solid good Blockchain protocols are growing enormously. Look at the total Crytpo's market cap, from 5 Billion to 180 Billion within one year. So I honestly think x70 is very realistic.
Hope that explains your questions.
Ethereum market cap is 28 billion right now. I like your optimism but I need to see some more apps that solve real problems.
you're absolutely right! still many things need to happen in order to get this far! But with a mastermind like Larimer and a solid team behind him the potential is there!
Yes, Dan is a great programmer and a visionary.
Such a pity he is not anymore part of steemit. As of Wikipedia "On March 15, 2017, Larimer announced his resignation from the Steemit INC company"
Reggie Middleton over at Veritaseum is blockchain agnostic. If it takes off and Clif High is certainly bullish on this it will be a very busy platform. So I can certainly envisage services like Reggie's getting ported to EOS if Ethereum does not cut the mustard.
The Blockchain is a great technology and for the time being we can expect that emergent nature of the community will overcome all the bans, governments and restrictions and to continuously change technology on its way.
Having said this it's very difficult to bet on the right crypto, which one will be the one that will solve the specific issue of the moment?
My suggestion would be to:
For those interested I wrote a post on the gains from diversification.
CryptoPortfolio - Simple trick to increase returns by 8% per year
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A good article..I am appealing. Upvoted.