Well, the Steem Backed Dollars rewards have been sent out for the last installment of Crowdsourcing Clarity, and now your favorite residence "work smarter, not harder" advocate is back, requesting some new info.
Basically I want the whole run-down on EOS:
- What is it?
- Why should (or shouldn't) I invest in it?
- How do I store it?
- What else should I know about it?
What I do know:
- It is now trading on Kraken.
- (I think) it is related to the IOT.
- Dan Larimer is involved.
Get at me, Steem-Os. I am eagerly awaiting your wisdom.
~KafkA
Graham Smith is a Voluntaryist activist, creator, and peaceful parent residing in Niigata City, Japan. Graham runs the "Voluntary Japan" online initiative with a presence here on Steem, as well as Facebook and Twitter. (Hit me up so I can stop talking about myself in the third person!)
I'm also interested to see the answers !
I am looking forward to some clarity on this as well!
This man provided good infos
How to Invest in the EOS ICO
If you want to invest in the EOS ICO, you need to send Ether to a special Ethereum address. Open https://www.myetherwallet.com/#send-transaction and select the "Private Key" option.
Enter your private key for your ethereum adress and click "Unlock" to open your wallet.
According to https://eos.io/instructions the Ethereum address for ICO participation is 0xd0a6e6c54dbc68db5db3a091b171a77407ff7ccf. Enter this address and the amount of ether you want to invest and click "Generate Transaction".
Below the "Generate Transaction" button the raw data of the transaction is now visible. Click on "Send Transaction".
Finally you need to confirm the transaction. Click on "Yes, I am sure! Make transaction.
A green overlay at the bottom of the screen is displayed.
You can check your transaction via https://etherscan.io/ @kafkanarchy84
Crowdsourcing harnesses that power for a variety of projects: from getting the best graphics for your website to involving tens to hundreds of people in doing simple data-crunching tasks that computers are still not qualified for. Researchers have used it to track hurricanes or to take the pulse of their target market. Some businesses have found that using crowdsourcing has let them get projects done quicker and more cheaply than if they had them done in-house or hired out the work to a specific company. The Oxford Workforce's 2020 Report projects that 83 percent of companies will use a flexible workforce over the next three years.
With the creation of the internet, online crowdsourcing has made it increasingly convenient for businesses to take advantage of this new way of hiring labor. Companies can access skilled and unskilled labor across the world without concern for time zones, labor laws or dealing with different currencies. Crowdsourcing companies handle the details of contracting the freelancer and handling the payments.
thank you for sharing
Good
Thanks for the info Karkanarchy 84.
newbie here too :)
Wow! excellent
Yeah, it is good platform indeed with lot of potential and I think it is directly compete with golem and stratis in the long run. But as far as crowdsale is concerned, I feel a little strange. Why do people invest so heavily in something which doesn't even exist or just in work-in-progress. People don't know the future aspects of any crypto, still they invest heavily on another person recommendation or by watching youtube videos.
EOS or any other crypto doesn't need this type of funding. With a minimal funding they would work with the same progress. But this huge funding will create problem when it'll hit the exchanges and on 'Kraken' it already did. People remains heavily bullish on EOS, price rose to the sky and after sometime it fell down to the low. For me this is no-brainer.
If someone have to buy in ICO, then he should hold their shares for sometime. Not just long enough to sell when it would hit the exchanges.
Graphene exists and is beyond being a work-in-progress.
Very good post ... I like it :)
I'm also interested to know and see the answers, and I'm looking forward for your positive response..thank you for sharing your knowledge her in steemit..
Thanks to everyone who explained this! I wanted to know more about EOS as well.
To answer the question whether you should or shouldn't invest in it, please read my recent (and first) post on Steemit: https://steemit.com/eos/@chencho777/how-will-eos-token-price-evolve-over-time-is-it-sustainable
TL;DR: don't invest now, IMHO the price is not sustainable at current levels. Wait some weeks and buy cheap EOS tokens once the hype has passed. And in a year's time, when this endless ICO is over, the price will probably rocket without the downward pressure of a permanently open ICO, avid of daily ETH in order to sustain the price at market levels.
Currently you can store them on a regular Ethereum wallet with ERC20 token support (such as MyEtherWallet). Once the ICO is over, assets must be transferred to the native EOS network, otherwise they will be frozen forever (and they will only give you 48 hours to do that from the last day of the ICO).
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
Excellent post friend thanks for the information, I am new to steemit if you can pass by my blog there I am telling you what happens in my country, I hope your support God bless you
Subscribed.
Hi, we are planning new ICO for Ai and data-science startup.
If you are interested, check please our announcement post https://steemit.com/cryptocurrency/@gromozeka/ann-ai-and-the-blockchain-help-with-an-ico-proof-of-concept-for-new-startup
nice
good job, nice your blog. please upvote my akun @kafkanarchy84 thankk
Nice post, I enjoy reading it. Check out my post on some Fun Facts
https://steemit.com/facts/@circiuboby/ifacts-fun-facts-part-1 It's a new series i'm starting and want to know your opinion. Have a nice day!
You should post about this on your own blog.