Post
Topic
Board Altcoin Discussion
Re: EOS Officially Has The Worse ICO Setup In History
by
Breasal
on 30/06/2017, 12:28:37 UTC
Anyone investing now is hedging on a 400+ day long scam but gotta hand it to him, DL thought thru the game theory. This strategy puts daily "blocks" of 2M EOS up for grabs.

I don't see early investors profiting on the initial 200M EOS. Quick math to show why:

2 million ETH raised for initial 200M EOS - beginning trades at 0.01
200K ETH raised, EOS trades at 0.001
Currently at 400K ETH raise, EOS trades at 0.005

Any day after tomorrow for the next 400+ days, every day!:

20K ETH raised, EOS trades at 0.01
4K ETH raised, EOS trades at 0.005 - today's value.

4K ETH * 400 days = 1,600,000 ETH ($480M @ $300/ETH)
Market cap valuation of $1B = 8K ETH avg invested/day

Value on Bitfinex and other exchanges will drive daily sales (incentivize like blocks) but all investments in EOS smart contract go to DL, the king of the pyramid. Smiley

Invest wisely guys.