EOS ICO not as good as you believe!

You probably might be thinking in investing on EOS token and participate on one of the 350 rounds this ICO has planned to publish.

YES! The future of EOS seems bright and may hit the market as bitcoin and Ether, however buying this token in the ICO is not the smartest idea

Let’s be honest! We all feel like Zuckerberg or Wozniak when getting smart contracts, buying and claiming tokens, we feel we are smarter than the average people just because they do not even understand what a smart contract is or how the blockchain works. However the awful truth is that you are actually losing money when buying EOS tokens this way instead of buying through an Exchanger.

I’ve been monitoring every round of the EOS ICO and this is the explanation why you should avoid it and better go to your exchanger account and getting them on the market.

1. The minimum Ether contribution is 0.01 Ether (2 USD by the time I’m writing this post)
2. The EOS tokens are distributed proportional to the amount of your contribution and the total Ethers collected.
3. Every round collects around 23.000-25000 Ethers.
4. The EOS price on the market is 1.7 USD (by the time I’m writing this post, go check yourself)

So on each round 2.000.000 EOS tokens are released, for contributing with 0.01 Ether you will get approximately 0.86 EOS what its market value is: 1,46 USD.

In short words for every Ether you invest on the EOS ICO you are losing 54 cents, without adding the gas price you have to pay for the buy/claim transaction on the blockchain.

You better go to your exchanger account buy EOS on the market wait a couple of years and rock the moon!