1. there is no EOS platform as of yet, we are talking about a fork of BitShares. again: there is no functional platform whatsoever as of yet. In other words: a mere promise is being sold
2. 1 year long ICO to collect a significant percentage of the entire ETH supply. Nobody would ever need this much money to create the platform. Astronomically more money is being raised than would ever be required. First day (of 350 more days) only: $181,295,950 (ico address here, also note the ETH that has already been moved out)
3. creates a fake sense that EOS is a true competitor to Ethereum, but in reality EOS as of now is a simle token run on the Ethereum platform
4. uses ETH raised in the ICO to generate fake price and fake demand on exchanges
The price in only hype thing, EOS team use ETH from crowdsale to hype market, they send 20000ETH to Bitfinex and 2000 ETH to Kraken to do hype, for yunbi.com, lixiaolai is an investor/co-owner and he is member of EOS team too, so the hype in yunbi is crazy.
https://etherscan.io/address/0x9937dbb2128b55c44d8af7bf36fd76796a814cf4#internaltx
In summary,nothing much, just hype with the money from investors, not sure whether this is legal or not.
https://etherscan.io/address/0x9937dbb2128b55c44d8af7bf36fd76796a814cf4#internaltx
In summary,nothing much, just hype with the money from investors, not sure whether this is legal or not.
5. let people buy in, milk the crowd who doesn't know better!
==> EOS is a very nifty scam to enrich their founders with ETHER, this is what it's all about
we can safely say that there has not been a scam as advanced as EOS in the crypto sphere up to now.
this is an entirely new level of insanity
Look through it!