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RE: What is EOS and why is it relevant?

in #eos7 years ago

I haven't been able to understand why the EOS is on the ETH blockchain. Doesn't that defeat the purpose of all the benefits of scaling on graphene? I still haven't been able to work out what use the EOS tokens will have as they are an ETH token.

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The initial sale will be on Ethereum only to take advantage of the network effect. Once that is done then a mecanism will be setup to claim the EOS token on the actual EOS blockchain. I don't have first knowledge of how it will be done...this is what I think will happen much in the same way that Peerplays did their ICO on Bitshares but then setup their own blockchain.

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