Yesterday block-one, the developer of EOS.IO software, a new blockchain operating system designed to support commercial-scale decentralized applications, today has successfully received 651,902 ether (ETH), which is approximately USD $185 million, in the first five days of its 341-day long token distribution. In exchange, 200 million EOS ERC-20 compatible tokens (EOS Tokens) were distributed to purchasers (representing 20% of the total one billion EOS Tokens being distributed). That's amazing, how such a you company made a tremendous impact on cryptocurrency market.
The Block one EOS Token distribution also approximates an auction where for every period, everyone gets the same price. At the end of a period, the respective set number of EOS Tokens for that period will be distributed pro rata amongst all authorized purchasers, based on the total ETH contributed during that period
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