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There are so many things to note about this ICO: a. This is one of the longest running ICO. It started last year somewhere during summer. b. EOS's terms are r
by thisisit 8y ago
There are so many things to note about this ICO:
a. This is one of the longest running ICO. It started last year somewhere during summer.
b. EOS's terms are rather ominous:
block.one is building the EOS.IO Software but it will not configure and/or launch any public blockchain platform adopting the open source EOS.IO Software (the “EOS Platform”). Any launch of an EOS Platform will occur by members of the community unrelated to block.one. Third parties launching the EOS Platform may delete, modify or supplement the EOS.IO Software prior to, during or after launching the EOS Platform.
The EOS Tokens do not have any rights, uses, purpose, attributes, functionalities or features, express or implied, including, without limitation, any uses, purpose, attributes, functionalities or features on the EOS Platform.
Some argue this keeps EOS from being sued by SEC. But given the way Bitshares launch was handled by the same guy I think this might be a problem.
c. The CTO or the head tech honcho for this is a guy called Daniel Larimer, who has been pumping out one coin after another - Bitshares, Steemit and now EOS.
Every coin has some new fangled Proof forumla:
Bitshares had DPoS
Steemit has "Proof-of-Brain" (I kid you not)
And everyone of them is touted as the next big thing. AFAIK this is unique in cryptocurrency world where people tend to evangelize one particular coin.