EOS ICO: State of Play

Love it or hate it, the EOS ICO has made headlines over the past couple of months. It’s rather unique distribution model has certainly had folks scratching their heads. For those unaware of the distribution model (perhaps you’ve lived in a cave for the past month or are completely new to EOS) here is a very brief overview of the ICO distribution.

The token distribution is set to take place over 341 days. Yes, almost an entire year. There will be a total of 1,000,000,000 (one billion) tokens distributed as follows:

200,000,000 – Distributed over a five day period between 26th June (13:00 GMT/UTC) and ending on 1st July (12:59:59 GMT/UTC).
700,000,000 – Distributed evenly into 350 consecutive 23 hour periods of 2,000,000 tokens each.
100,000,000 – Reserved for Block.one

It’s certainly novel in terms of ICO distributions. But with so many windows to choose from how would one know when is a good time to buy? Is the first window with all those lovely tokens better than period 2, or 10, or 100 for that matter?!

Personally, I had a toe in the water in the first distribution window, and it looks like that had a USDT value of circa $0.83 per token. Given that the price jumped to $6.91 in the days following it looked to be a good choice. But what if you didn’t jump in during the first window, can you still get tokens at a good price compared to the market?

Wouldn’t it be great if you could actually look at updated information about each of the distribution windows, what the relative token price was, and what it is for the subsequent windows? Well, it appears that you can.

http://eosscan.io/

Provides this information by monitoring transactions of EOS tokens on the Ethereum blockchain and provides up to date information on past, present, and future distribution windows. I have no responsibility for the information on the website btw and I would advise anybody to make their own choices about investing rather than just relying upon this link.

So, bearing in mind that a large part of investing in anything is based upon human psychology, what do folks think would be a good window for a future investor (or somebody looking to invest more)? Will the interest die down after a few weeks and the contributions slow considerably, or does everybody wait until the final minutes of each window before piling in?

Feel free to let me know your comments, most of you are human after all and you will be the people determining just how ‘busy’ each window is.

Whatever you think, let me know and you’ll be immortalised on the blockchain :)