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RE: A Primer on EOS, why it grew 320% overnight and why it isn't done yet!
They give you a percentage share of the blockchain's storage and computing power. The number of tokens you own determines your access to the network.
Ok, so this is the same like in Steem... But if you run your private chain would you need many of them?
Does this article means death to other cryptos like Bitcoin, Ethereum and etc. because EOS is faster ?
I found the white paper... so will give this one a read... looks interesting... :)
Since the EOS token is not in any way connected to any future EOS blockchain, nor will it be, the number of tokens you own will only indicate how much money you'll have lost.