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RE: EOS - "Ethereum Killer?" Near All-Time Lows Overnight - $1.20 Amid Kraken EOS/USD Delisting - Coins Worth Taking Risks On #6 - Diversify Your BTC At This All-Time High
Well, the EOS chain doesn't exist yet, so this is a speculative investment on the success of the team.
As others have noted, legally the token entitles you to "nothing". That's why it's a $1.
Ethereum was $1 once too, as was Bitcoin. Similar levels of risk at the time, perhaps.