How is this EDO token gaining value? This ICO is only about the release of a multi-cryptocurrency wallet with an integrated Exchange (for ETH tokens). So, not very different from WAVES with their embedded DEX exchange in their wallet (website and soon mobile. Waves app with exchange is currently in pilot).
So, I guess the value of the EDO is determined basis the usage of the integrated Exchange. Probably, EDO has to be paid (as a fee) for every transaction made on the integrated exchange.
I understand the money-making (EDO coin value) concept but how is it different from WAVES? And, why is the start-price for the token so incredible expensive? 130 tokens for 1 ETH?! Today, that's around $2.15 per EDO coin! Why is that? Today the coin is of zero value, not being used and the multi-cryptocurrency wallet with an integrated Exchange has not even proven itself today. I believe $0.01 per EDO coin would have been more appropiated.
Anyways, just my view. I wish Eidoo and its investors all the success of the world.
So, I guess the value of the EDO is determined basis the usage of the integrated Exchange. Probably, EDO has to be paid (as a fee) for every transaction made on the integrated exchange.
I understand the money-making (EDO coin value) concept but how is it different from WAVES? And, why is the start-price for the token so incredible expensive? 130 tokens for 1 ETH?! Today, that's around $2.15 per EDO coin! Why is that? Today the coin is of zero value, not being used and the multi-cryptocurrency wallet with an integrated Exchange has not even proven itself today. I believe $0.01 per EDO coin would have been more appropiated.
Anyways, just my view. I wish Eidoo and its investors all the success of the world.
The token has a use and is therefore valuable.
Not sure what Waves is, but the concept of a token used for transactions (and being burned) is good.
The cost of the token is irrelevant.
Eidoo's EDO token is to be considered an "utility" token, a kind of gas/lymph that is used to take advantage of all the services implemented using the Eidoo wallet, of course.
but what does it mean "uitility token"??
is just an escamotage to permit it to sell it in USA or Singapore??
I put a couple of links to try to "process" the term "utility token" also by reading what other sources are publishing:
https://medium.com/startup-grind/understanding-the-difference-between-coins-utility-tokens-and-tokenized-securities-a6522655fb91
https://www.coindesk.com/utility-coins-crypto-assets-token-terminology-one-big-gray-area
I think even on this occasion the team has left nothing to chance.
thank you for the tip Mario!!!
i will read it for sure.
and yes.. i think like you: the team has left nothing to chance.
GREAT!!!
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