RE: Early Market Update and the Approaching Financial Crisis Season.

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Early Market Update and the Approaching Financial Crisis Season.

in market •  7 years ago 

Good report!

What do you think of EOS? They have an ICO type thing going on for a year. Does that seem like a good investment to you?

In order to head off SEC and other regulators involvement, the language they use in describing their token basically offers nothing, and leaves the investor to trust the creators, product and process. I'm very tempted myself, but haven't yet.

If this regulation is now being drafted though, I think it sets up perfect conditions for them to launch the blockchain with a compatible process. It's certainly interesting to see what legislation they come up with.

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Thanks Andy. I have not looked into EOS. I will have a look though. The ICOs are coming thick and fast and it is hard to keep track of all of them. At present I am looking at a tech ICO for the African market. I will be most probably making a video about it soon.

Yes, it's a bit daunting trying to distinguish between so many projects.

I like the sound of EOS because it's another Dan Larimer project, he's the genius behind Steem. I think he'll have learnt a lot from his experiences with Steem, and is doing a lot of things much better with this project, both legally and technically.

See this am Kraken closed some "illiquid pairs" of which EOS\USD was one. They still kept EOS\ETH and EOS\XBT

Interesting. I suppose perhaps given that the EOS crowdsale isn't open to US investors, we might expect low volume on that pair?