What Is EOS?
EOS is a blockchain based decentralized software that helps in enabling the horizontal and vertical scaling of applications. The process requires usage of an operating system through which applications are developed. EOS offers authentication, accounts, databases, application scheduling and asynchronous communication around multiple clusters/CPU cores. As a result, blockchain architecture is formed which is capable of scaling millions and billions of transactions every second. The software doesn’t only make applications deployment easy but also eliminates third-party fees.
EOS is a decentralized software based on blockchain technology that serves as a powerful infrastructure constructed for decentralized applications. It allows users to test scalable applications publically. The software supports hundreds of thousands of DApps. It also helps in fixing and freezing the applications that have been broken. It provides toolkit for application as well as operating interface developments.
Earn EOS Tokens
To earn EOS tokens, investors can exchange them on different exchanges provided the EOS tokens are supported. Since the token sale of the ICO is currently in progress, therefore, investors who wish to earn EOS token need to wait until it ends.
Buy EOS Tokens With E-Wallets
The platform is based on ERC20 tokens, and they are commonly known as ethereum. Ethereum needs to be stored in electronic wallets. Therefore, investors who wish to buy EOS tokens need to have an e-wallet before they actually buy an EOS token.
The ICO Distribution
The ICO was launched last year. As per the information available on the ICO’s website, the token sale of the ICO is still in progress and EOS have successfully managed to raise 748 ETH and 750000000 EOS so far. However, we couldn’t find other information such as the starting price of the ICO’s token, and its funding cap. However, the ICO seems to have a hard capping of 1,000,000,000 EOS.
Unlike other ICOs, we also couldn’t find any information concerning the token distribution percentage. This is however unusual for ICOs. Normally ICOs tend to provide relevant information about how much of the tokens the ICO plans to distribute and allocate between different departments.
We couldn’t find any information about bonus offers as well. It’s been more than six months that the token sale of the ICO is in progress. Still, the required funding or the hard capping of the ICO has not reached.
The ICO has following four core team members.
- Brendan Blumer, is the CEO of the company
- Daniel Larimer is the CTO of the company
- Brock Pierce is the Partner at EOS
- Ian Grigg is the Partner at EOS
Should People Invest In EOS or Not?
After a careful review of the ICO, we hereby conclude that EOS need time to become a sound investment opportunity. It’s been almost a half year, the ICO is still not been able to achieve its required funding. This is indeed very unusual for an ICO. This show that people don’t trust EOS or at least they are confused as to whether they should invest in the ICO or should wait a bit more until the token sale of the ICO ends. We suggest people should complete their research on the ICO before investing their money in it.
How to Spot a Good ICO
Investing in ICOs and making a lot of money out of them is no more a secret now. Investors from all over the world invest their money in ICO and earn handsome profits. You too can be one of them. All you need is to find a good ICO to invest in. Wait, remember, investing in an ICO can also go wrong if you failed to pick the right ICO. In the end we discuss some effective ways to spot a good ICO. So, let’s start;
Visit Official Website of ICOs
Like any other business, almost every ICO is supposed to have a website. The websites tend to be more descriptive about ICOs. You may find what’s the objective of the ICO? Who are the team members of the ICO, when the ICO is going to hold its tokens sale etc.? You may also find some interesting videos and catchy images on the website of ICOs. In short, after visiting the website of the ICO, you may start feeling satisfied. On the other hand, it the website of the ICO you wish to invest in sounds horrible then we’d suggest, don’t invest in that ICO. Staying away is much better then to get trapped in an ICO whose people even couldn’t help themselves to design a good website.
Open Public Forums
You can also visit different public forums talking about ICOs and cryptocurrencies. You may notice some people are appreciating the cryptocurrency you wish to invest in, and some seem to be disliking it. It is natural. People cannot be on the same page ever. You just need to figure out the cryptocurrency that has a higher number of votes on average.
Read Whitepaper Of the ICO
Reading whitepaper of the ICO can also be helpful in arriving at a decision as to whether or not you should be investing in the ICO or not. Whitepaper of an ICO is considered as the most authentic document describing even minor details of the ICO. You can find details such as the total token supply of the ICO, prospected funds distribution, and allocation, and some details about ICO’s team members. By reading the whitepaper of the ICO you can estimate how likely the ICO is going to be successful.
Good ICOs are supposed to have a strong team of individuals having diversified backgrounds and extensive experience. You can find information about team members of the ICO on the official website of the ICO as well as in the whitepaper. You can also try searching information about them over the internet to know how competent they are and what their professional achievements are, so you can have your confidence built up.
There is a lot more to say, but mentioned above point are sufficient to make a good decision.