Interesting Fact: EOS collected 3 Million Ethereum in 210 ICO rounds

in zappl •  6 years ago  (edited)

Since the beginning of EOS ICO - Block One has collected 3 Million Ethereum in 210 funding rounds.

In other words: Block.One is holding more than 3% of total ETH supply (97 million ETH).

Now Imagine ETH moves to POS (Proof of Stake), Block.One could have been one of the biggest beneficiary :)

At today's price of $1000 per ETH, Block.One's total collection is USD 3 Billion.

Massive ICO.

EOS is killing ETH, by collecting ETH

Sources:
https://coinmarketcap.com/currencies/ethereum/
https://www.eosscan.io/

zappl eosio eos eosgo ethereum
6 years ago by

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      ·  6 years ago 

    interesting scenario. Also there is a possibility / discussion of Eth moving to POS ?

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        ·  6 years ago 

      Ya, right now ETH is running in a hybrid version of POW and POS, in near future they are moving completely to POS... Ethereum 2.0 is to be watched out for...

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          ·  6 years ago 

        You're assumptions are completely incorrect. EOS has publically stated that they sell the ETH they collect for USD on a daily basis.

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            ·  6 years ago 

          I will believe it when I see it... Cus my assumption is, Block.One wants to be completely away from government control, using USD for purchases defeats the entire purpose...

          Well I trust Block.One and its team, I am sure they are not going to dump ETH or run away with it... 50% of my portfolio is EOS

          Facts are just right - BlockOne has collected 3 million ETH till now... what have they done with it.. Who knows :)

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            [-]
              ·  6 years ago (edited)

            I know because I asked @Sandwich on the EOS Telegram channel. He is the main admin of the channel and also a Block.one employee. He says that Block.one sells all the Eth they collect from the crowdsale OTC on a daily basis. Basically they sell it in large chunks to hedge funds or other large investors to avoid dumping it on an exchange and crashing the market.

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              ·  6 years ago 

            Thanks you... thats a useful information to know... :)

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