Post
Topic
Board Altcoin Discussion
Re: EOS - Asynchronous Smart Contract Platform - (Dan Larimer of Bitshares/Steem)
by
GinkgoFarm
on 03/07/2017, 10:41:44 UTC
Hats off to them for coming up with an ico cash cow. If they kept up this rate of investment and didn't sell much, they would own around 15% of all ETH by the end of the ico. To keep the current price, the rate of investment needs to be maintained or the price of ETH needs to keep rising. But with a massive inflow of ETH, I imagine they will be cashing out a fair bit.

Hard to understand why people keep investing in the ico when the price is generally less on the exchanges, especially as the ico price is only rising as more is invested during each 23 hour period. Maybe they don't understand the ico structure.

Current price doesn't seem sustainable, equivalent to a $12million ico per day for the next year.