RE: Upcoming Airdrop for EOS: IQ Token, Everipedia and Lunyr and The best way to evaluate a General Purpose Smart Contract Platform

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Upcoming Airdrop for EOS: IQ Token, Everipedia and Lunyr and The best way to evaluate a General Purpose Smart Contract Platform

in eos •  7 years ago  (edited)

You can check the ICO price history in ETH here (under "effective price"): https://eos.io/distribution/

(Edit: just use https://eosscan.io/)

I followed today's token sale, and the final price per token seemed on par with what you would pay on an exchange at the ICO's period closing moment. Then there are the transaction fees, so I would probably get my tokens off an exchange, especially if it were a small amount.

I'm not too sure how you could be better off buying from the ICO. If the daily price is below the exchange price, more ETH is guaranteed to pour in as closing time approaches. If the exchange price was to suddenly dip, however, there is no way for the ICO-participants to lower the effective price, as the submitted Ether can not be retracted, forcing them to buy above the market price.

I'd keep an eye on the ICO price nonetheless towards the closing time of each period in which I'd want to buy EOS.

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Very good advise. Couldn't have said it better.

That's a good description of the "problem" or dilemma. Although I think that the market is so big, that you won't be able to find cheap EOS at the final minutes of the day.

I mean, if you go there and there isn't much on the table, you would buy a lot. Buying a lot makes the price go up. And believe me, the market is sooo big, that there will be a couple hundres (if not thousands) of people waiting to the end of the 23 hours. You just need 100people there, and they go all in and the price stabilizes right up to the market price.