Topic: Eos - price dump on mainnet (Read 97 times)
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Hi,
Currently researching into EOS and have a question on the starting circulating supply.
On the faq of the Eos website it effectively states the erc20 Eos tokens are worthless and that the money generated from the ico is purely revenue for the company.
When mainnet launches you will be able to trade your erc20 token for a offical token.
However, how many offical tokens will there be? There will be 1 billions generated from erc20 token exchange. Will there be further tokens that the company creates for themselves? It make sense they will want to hold a large portion for themselves. On the white paper and website I can't find what the start circulating supply will be.
Could there be a 1000% inflation on mainnet start? With Eos creating a load of tokens for themselves?
Without this information how can the Eos erc20 currently be priced they way it is now? 1 Eos could be worth a fraction of what is after mainnet.
Also, I the faq states there will be a 5% inflation rate of tokens per year.
Thanks
Currently researching into EOS and have a question on the starting circulating supply.
On the faq of the Eos website it effectively states the erc20 Eos tokens are worthless and that the money generated from the ico is purely revenue for the company.
When mainnet launches you will be able to trade your erc20 token for a offical token.
However, how many offical tokens will there be? There will be 1 billions generated from erc20 token exchange. Will there be further tokens that the company creates for themselves? It make sense they will want to hold a large portion for themselves. On the white paper and website I can't find what the start circulating supply will be.
Could there be a 1000% inflation on mainnet start? With Eos creating a load of tokens for themselves?
Without this information how can the Eos erc20 currently be priced they way it is now? 1 Eos could be worth a fraction of what is after mainnet.
Also, I the faq states there will be a 5% inflation rate of tokens per year.
Thanks
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