Quote from: aleksand on November 27, 2017, 04:03:15 PM

Quote from: key_z on November 27, 2017, 03:40:50 PM

Quote from: aleksand on November 27, 2017, 09:28:07 AM

Quote from: Red_Sanford on November 27, 2017, 08:02:08 AM

Quote from: aleksand on November 27, 2017, 06:30:28 AM

From my understanding, dapps that are built on the EOS software have the ability to be used for free. I'm confused about the utility of the EOS tokens. Its quite vague in the website FAQ. Whats the purpose of EOS tokens, from its trading value?

The tokens are going to be somewhat like staking. The more that you hold the more of the system you get to use. If you hold 1% then you can utilize 1% of the power of the blockchain. You will be able to use more temporarily if no one else needs it.

There are some good YouTube videos were Dan explains it very well. The Devs can practice on the testnet but when it goes live they will need to hold some EOS to power their product

I see. So the end users are able to interact with dapps that exist on the EOS software free of charge, but developers will need to use EOS tokens in order to harness the computing power. Interesting concept.

I will take a look around for videos, if I find something good I will report here and provide timestamp of the explanation.

great resources that answer your questions have been aggregated at www.eoscollective.org. I recommend looking at the Articles and the Videos under "Resources"

Im curious, is this website made by the EOS community? or supported by block.one? Either way, thank you for this resource. Trying my best to wrap my head around the EOS software))

eos collective is community run/supported and is not official or related to block.one in any way.