Eos tokens may have no value



Is it worth holding on EOS until the last token sale? In The agreement form they clearly state in article 1.4a EOS token serves no purpose,Article 2.6 Not an investment, Article 3.1 No claim, loan , ownership interest and in capital letters, article 7, EOS TOKENS MAY HAVE NO VALUE and EOS states more reason. They do emphasis “may” in many times throughout the article, so it may one day be of something but is it worth the risk.
The weird thing is that EOS has one year ico and they are also listed on popular exchanges like binance. Is the ico sale and the tokens on the exchange similar or different? What happen to those EOS that has key mapped? Is it worth holding/investing on EOS until the last token sale? I’m not totally understanding or feeling confident about this


rule of thumb, at least for me…

if you’re uncomfortable with your position (not based on market trends, general FUD and bullshit like that) but rather being unclear about the utility (or team)… then you should exit the position.

re: team:


This has been something that people have argued a lot in the past. I’m sure a search would bring up some of that history…


Thanks @john @peter.
Same guy, Dan Larimer, who created bitshare and steemit which both got abandon, so third time lucky on Eos?. He stated in EOS that he is trying to build a community and investment serves no purpose. Gotta research more into this .


This is why I’m hesitant of EOS, because what if this guy jumps ship again as soon as he sees something else shiny?


Great article on how to evaluate tokens,protocols,etc. with examples

I recommend you go to the link to read the whole article.

A VC’s take on evaluating cryptocurrencies

Product — Is the project a unique and valuable implementation of blockchain?

In this category, Bitcoin would score a 9 or 10/12. The whitepaper exists and is comprehensive (score of 3). There are competitors, and some argue that Bitcoin has serious technical flaws, but it obviously still has huge market share (score of 2 or 3, could be debated). Blocks currently take around eight minutes to clear (score of 1). Blockchain is core to the nature of private, decentralized, and global transactions (score of 3).

Community — What is the volume and quality of conversation around the coin, from both crypto influencers and the broader community?

In this category, Decred would score a 11/12. The Reddit (score of 3) and Telegram (score of 2) communities are of fairly standard size for the market cap of the coin. Charlie Lee is an advisor (score of 3), and Twitter sentiment (can be visualized here) is fairly positive, and non-advisor influencers like Tai Zen and Garry Tan have spoken out in support (score of 3).

Code — Can the code generated actually do what the product promised, and is there a talented and active team making progress on it?

In this category, BitShares would score a 8/12. Most of the developers are anonymous, and the website’s team page is no longer available (score of 1). The GitHub has 5,212 commits from 79 contributors (score of 3). Over the past month, there have been 78 commits from 20 developers, and the closed/new ratio is 2.3 (score of 3). However, the top developer committed 43% of commits (score of 1).

Having concentration in code committed by a certain developer may not necessarily be a negative. However, given that many coins are still in the very early stages and that dependence on a sole developer can be risky, we consider a highly concentrated developer community to be a negative.

Traction — How far along is the platform in development, and is it being used to make transactions or being implemented by companies?

In this category, Omise Go would score a 8/9. The product is live but does not have public code, as it was the product of a venture-backed company (score of 2). However, it is processing millions of USD worth of transactions daily (score of 3) across more than 6000 merchants in Southeast Asia — including powering payments at 240 McDonalds locations in Thailand (score of 3).

Trading — What is the recent trading activity around the currency, and what is the process for investors to buy into or sell out of it?

In this category, Augur would score a 10/12. The price has dropped 2% in the past month (score of 3), and has risen 1876% over the past year (score of 3). Augur is listed on two of the top five exchanges (score of 2). The number of tokens is capped at 11M. Almost all of the tokens were distributed in a 2015 crowdsale — 20% were reserved for the founders and the Augur foundation (vesting schedule not disclosed). Therefore, the currency has a token distribution score of 2.

Network — are people talking about and/or purchasing the currency?

We believe that in the medium to long term, success of a given cryptocurrency will be heavily dependent on network effects (see Vitalik Buterin’s great post here). The more people own a coin, the easier it is for the coin to gain legitimacy and widespread adoption, and the more difficult it is to disrupt. We’ll outline below why this is so important, but with the metrics above we are essentially trying to get at how many people either own or are aware of or knowledgable about the currency.

In this category, Bytecoin would score a 7/12. The coin has seen 7.2k Twitter mentions (score of 2) and 317 news mentions (score of 2) in the past 30 days, and has 9.6k Reddit readers and 29.3k Twitter followers (score of 1). It also has an average Google Trends score (compared to bitcoin) over the past year of 0.06 (score of 2).


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