Post
Topic
Board Altcoin Discussion
EOS ICO - Am I missing something?
by
thomboi
on 28/11/2017, 13:33:39 UTC
Hello everyone,

I just got started in the crypto world and was reading up on the EOS ICO.

I did some math, and I just want to know if I am missing something.

As far as I understand, they are releasing 2.000.000 tokens every week.
Distribution of these tokens are based on how much was donated during that period, rather then setting a fixed price.

So for example if I donate 1 ETH in this periode and the total amount of ETH donated is 2000 I would recieve:
(2.000.000/2000)*1 = 1.000 EOS tokens.

1 ETH = 480 dollar
1.000 EOS = 2.900 dollar (current rate - 28-11-2017 14:33)

Am I missing something here? This seems too good to be true...