ICO Analysis: EOS

Hotness: 4 stars
Credibility: 5 stars
Usefulness: 5 stars

"EOS.IO is software that introduces a blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications (the “EOS.IO Software”). This is achieved through an operating system-like construct upon which applications can be built. The software provides accounts, authentication, databases, asynchronous communication and the scheduling of applications across multiple CPU cores and/or clusters. The resulting technology is a blockchain architecture that has the potential to scale to millions of transactions per second, eliminates user fees and allows for quick and easy deployment of decentralized applications." - https://eos.io/faq.html

What is unique about EOS?

"EOS aims to be the foundation for business applications in the blockchain world"

EOS is unique in that it aims to allow applications to exist in the blockchain. Application living in this blockchain will have access to authentication, communication, scheduling and database just like a web server. By leveraging on parallelization in blockchain, EOS aims to be able to run millions of transactions per second just like Facebook and Google servers. This takes us beyond Ethereum's smart contracts and into a more website like application.

Who is behind EOS?

Perhaps the most prominent person in the EOS team will be Dan Larimer. He is the founder of Bitshares and Steem. Bitshares currently has an $800m market cap and Steem has a $450m market cap. Judging by the success of these two projects, there is a great chance that EOS will also be a successful project.

When is the ICO?

The EOS team aims to distribute the tokens to as much people as possible. Thus the ICO will take place over 341 days (yes.. 341) from June 26, 2017 at 13:00 UTC. There will be a total of 1 billion EOS tokens (Ethereum ERC20 Tokens). It will be distributed as follows:

1. 200 million EOS Tokens will be distributed during a 5 day period beginning on June 26, 2017 at 13:00 UTC and ending on July 1, 2017 at 12:59:59 UTC (the “First Period”). The amount of token will be divided accordingly to the total amount invested during the period.
2. 700,000,000 EOS Tokens (70% of the total amount of EOS Tokens to be distributed) will then be split evenly into 350 consecutive 23 hour periods of 2,000,000 EOS tokens each beginning on July 1, 2017 at 13:00:00 UTC. The amount of token in each period will be divided accordingly to the amount invested in the period.
3. 100,000,000 EOS (10% of the total amount of EOS Tokens to be distributed) will be reserved for block.one and cannot be traded or transferred on the Ethereum network.

There was no pre-sale done prior to the ICO period.

Analysis and Conclusion

I believe that with the success of Dan Larimer in his two previous projects, EOS has a great chance of succeeding. Furthermore, the concept of EOS is unique and takes blockchain to another level. However, the style of the ICO also meant that you don't have to be invested in this ICO from day 1.

My advise is to invest a little in the "First Period". Afterwards, at the end of each of the succeeding 350 periods, check if you could get more EOS tokens than the "First Period" with the same amount invested. If you could, try to get some more.

This ICO is no doubt a long term play of about 1 year. Do NOT expect to be able to get two times of your money invested in just a few days or weeks as more tokens are released everyday. The price will increase more and more as we reach the conclusion of the ICO period where the supply of new tokens becomes less; and it will truly shine when the EOS platform is launched.