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teamsteem (74) · 8 years ago

The EOS token distribution is run entirely on the Ethereum blockchain over a period of 341 days. @eosio

You said the sale last 365 days. I think you should correct this.

I agree with what you say in this post. We'll see how it goes.

$4.00

rok-sivante (75) · 8 years ago

good catch. got the 365 from the earlier releases, though it had been updated with the official release. corrected.

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dovlet (49) · 8 years ago

so, should I buy tokens at a later time after a month? do you think the price will go up

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3 votes

rok-sivante (75) · 8 years ago

I can't advise what you should or shouldn't do, other than to educate yourself and make your own decisions.

Personally, the only reason I'd see to invest in the first five day period is if it was transparent that there was a HUGE sum of like a billion dollars already contributed that'd put the price for that period at a relative low.

Otherwise, I'd be watching day-to-day at the very end of the 23h periods as to what price is relative to earlier periods and what the exchange prices are - which would be tough without an app like suggested above or knowledge of how to read the contract coding as it updates...

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dowha (55) · 8 years ago

Hope this helps out some people, wish us all good luck https://steemit.com/eos/@dowha/5jy9k-why-you-should-not-buy-eos-on-the-first-ico

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happy-doge (51) · 8 years ago

There is a way to determine the price of the EOS through the contributions so far, by using the token distribution interface. It lists right there how much contributions have there been so far during that particular window. The way to know the price is to divide the total contributions so far (in dollars) over the number of tokens in that particular window.

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rok-sivante (75) · 8 years ago

well I'll be damned. seems they've got that base already covered. thanks for the clarification. :-)

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happy-doge (51) · 8 years ago

yeah :)
you're welcome!

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eddieojeda (37) · 8 years ago

When EOS is available to purchase, people are making it out to be like an IOC. Does this mean that we need to trade ethereum to buy it through a wallet that supports smart contracts?

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rok-sivante (75) · 8 years ago (edited)

Screen Shot 2017-06-23 at 2.03.23 PM.png

Screen Shot 2017-06-23 at 2.04.44 PM.png

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eddieojeda (37) · 8 years ago

Thanks for the great help! Got Metamask.

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rok-sivante (75) · 8 years ago (edited)

Will need to buy with ETH, yes.

Saw a post somewhere clarifying how to buy, simplifying the process for different wallets - can't recall which exactly now, though should be able find out if you dig a bit... any Ethereum client or something like MyEtherWallet should do the job well....

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bbkivines (40) · 8 years ago

thank you for posting i really informative i think i should also share :)

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will-zewe (61) · 8 years ago

Not gonna lie I'm really excited for this ico. I've been ignoring basically all of them lately due to the overhyped nature (seems like every year or two it's something new, last one was the blochchain now it's any and every ico) and just finding coins I'll track later on but I'm super excited to invest in eos.

Love your posts as always dude.

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rok-sivante (75) · 8 years ago

👊

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g-dubs (71) · 8 years ago

Thanks for sharing. We definitely need a better distribution model than recent sales. Even Civic, which was supposed to be "fair," I got shut out of... probably for the better. EOS will be interesting.

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digicrypt (60) · 8 years ago

Very interesting...I hope you will continue to keep us all updated. Very exciting times, I feel blessed to be on the front lines here at Steemit!

Can you provide any clarity on this in regards to the token sale...
"US-IP detected, participation not allowed"

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rok-sivante (75) · 8 years ago

Mmmm... as in that is the message you're getting when trying to go to the EOS website?

Does it say in the terms/agreement that US citizens can't invest? T'is possible, as some ICOs - like Blockchain Capital's, run by brock Pierce who is a partner in EOS, do have that limitation - in which case, the website could be checking the location of your IP address...

In which case, the workaround could be to get a VPN and select a server outside the US...

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digicrypt (60) · 8 years ago

That is the message that I get whenI go to the get tokens section.

I see. Thanks for the clarification....why cant the good things in life be easy :)

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rok-sivante (75) · 8 years ago

cuz they'd lose their value, and wouldn't taste nearly as good after the struggle... :-)

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digicrypt (60) · 8 years ago

very true.... :)

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izbing (59) · 8 years ago

Thank you for your analysis that helps me a lot to understand this new crypto. I will follow you because I need someone like you to help me understand what is going on in crypto

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rok-sivante (75) · 8 years ago

any particular aspects you're most interested in or feeling stuck with at the moment?

I'd be happy to help direct you to some of the previous posts I've made that may shorten your learning curve, though don't want to overwhelm with too much info at once.

lemme know where you're at, what you need, and what you're looking for, and I'll share a few posts specific to kickstarting in that direction... :-)

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sevinwilson (65) · 8 years ago (edited)

@izbing

Good to have you here! I have to say you are quite the machine!

3053 posts
1375 followers
2244 following

In less than 3 weeks!

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rok-sivante (75) · 8 years ago

less than 3 weeks?? I been here over a year now...

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sevinwilson (65) · 8 years ago

Not you @rok-sivante!! Sorry for the confusion!!

I meant @izbing!

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thecynic (45) · 8 years ago

EOS looks like it has a lot of good hype, hope the ICO gives you some big cash trading or listing @rok-sivante

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wicky (8) · 8 years ago

thats great , i upvoted and followed you. please do the same for me
@wicky

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mandolincarls (54) · 8 years ago

Excellent publication !!! Upvoted and check my posts and follow me please !! Greetings.

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mandolincarls (54) · 8 years ago

Excellent publication. Upvoted !!! Check my posts and follow me please !! Greetings.

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cryptokraze (72) · 8 years ago

I hope this ICO work well because the latest big one Bancor has disappointed a bit as there was huge dump on its listing at Bittrex.

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enomujjass (64) · 8 years ago

thank you for sharing

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droidsid (59) · 8 years ago

This is a very interesting article. I've been wanting to buy some tokens, maybe I will. Thank you for this well written post! :)

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bnt (53) · 8 years ago

What brilliant analysis, thanks a lot!

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amirkashfy (25) · 8 years ago

What do you think its effect on the price of ethereum is going to be?

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rok-sivante (75) · 8 years ago

I have no idea.

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troy112 (25) · 8 years ago

Hey, i really didn't understand your calculations.
You said "the only way those investing during the first 5 days will get a lower price than later on in the sale is if a huge amount is contributed."
But why??
From the distribution formula , No. of tokens you get = Amount of ETH you sent *(Total Tokens/Total ETH sent)
So, the price of 1 token will be = Total ETH sent/Total token available for distribution .
So, if huge amount is contributed, price of EOS token will be higher.

For example, if i contribute 1 ETH and total ETH contributed is 100 ETH, i will get 1% of token distributed. And its price would be 100/ total token distributed.

If i am not wrong you have used reciprocal of the formula for price calculation.

Please correct me if what i am saying is wrong..

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rok-sivante (75) · 8 years ago

It appears I may have been dyslexic in my calculations, are you are most likely correct.

Well that's slightly embarrassing. Lol.

Thank you for the clarification.

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