EOS coin - May be Invested for Short term
Dear friends,
In this life if you do not take risk you will not gain and This is very much true for investments. People put their hard earned money in Bank FD or some endowment insurence plan or post office for getting a sure return . Here the return on investment is absolutely sure but the return is very very little and sometimes can not cope up with the increasing inflation rate. On the other hands if you invest the money in mutual fund , stocks or cryptocurrencies you will get huge return after a long term.
Here I shall focus on investing on a cryptocurrency that is EOS.
EOS is a blockchain project on the cryptocurrency market. It aims to build a network that transacts in the millions per second.
Created by Dan Larimer and the Block.one team, EOS is designed to prioritize performance by offering only the necessary requirements of decentralization.
Following are the Reasons Why EOS is a Unique investment opportunity-
Bitcoin and Ethereum have some limitations that have affected some.
- Reliable Background-
The fact that EOS has been developed by Block.one which is synonymous with seeking funds for autonomous and open-source software should be a good enough reason to invest.
Block.one is headed by Brendan Blumer and David Larimer. Blumer is an inventive entrepreneur with a successful career. Larimer, better known for his technical skills, is a genius entrepreneur who designed Steemit and Bitshares. Brock Pierce is co-founder and one of the team members of Block.one. He is also the chairman of the Bitcoin Foundation and co-founder of Blockchain Capital.
With such brilliant minds at the helm, EOS is bound to be successful and you would want to be part of the success.
Scalability-
Many blockchains have failed to impress the investors. As a result, mass adoption has not been possible. As mentioned earlier, EOS is created with performance in mind. EOS offers the minimum requirements of decentralization.
Thus, applications require some bit of decentralization, but performance must not be adversely affected. EOS will have the ability to achieve high throughput by leveraging Delegated Proof-of-Stake with 21 specialized block producers. Parallel side chains are essential for this to work. EOS has the maximum adoption and application.
Great Technology-
Apart from providing an investment opportunity, EOS also comes with the best technology. It is able to provide solutions to specific needs and provide opportunities for greater developments. This blockchain comes with the following features which are not only accessible but also responsive:
Delegate Proof of Stake : a system where stakes can vote for block producers.
Accounts: users are able to choose names when they create accounts.
Roles and permissions: it enables out of the box anything related to data sharing.
Sandboxing: accounts code can be replaced by elected block producers without affecting the entire blockchain.
And moreover the most important fact is that It is well-funded.
A blockchain cannot be successful without some ongoing funding. It needs funds which are reserved for the development of the ecosystem. EOS uses inflation to pay for network resources and has a maximum of 5% annual inflation.
A part of this inflation is used by the 21 block producers and the token holders vote on the decision for utilization of the remainder.
Other options include:
Burning tokens to reduce overall inflation
Funding popular projects for the benefit of the ecosystem.
Fairest ICO
EOS offers the fairest ICO thanks to Block.one’s decision to ensure that anyone can participate. Owning EOS ERC20 tokens is the same as owning a part of the project. In other words, Block.one will not be the owner or head of EOS.
Block.one delivers the open-source software and anyone can run any version on any network. Consequently, token holders will own part of the EOS project as well as the pioneering Dapps that will be deployed on the main network.
EOS Tokens May Get You Airdrops in the Future. For your convenience I am explaining Airdrop.
An airdrop is a distribution of a cryptocurrency token or coin, usually for free, to a large number of wallet addresses. Airdrops are primarily implemented as a way of gaining attention and new followers, resulting in a larger user-base and a wider disbursement of coins.
Simply put, EOS token holders are likely to get free tokens in the future. This could give an investor a great opportunity to earn some passive income. This income may then be used to price the secondary EOS token rental market.
EOS has been trading for 21 months (2 years) now. According to the available records, it started trading on Sunday, July 2nd 2017, for a first price of $1.03. EOS's all time high was $21.46. Right now, EOS is priced at $5.30, 75.29% lower than its all time high.
EOS's price ranged between $2.43 and $5.38 over the past 3 months, which means it had a compound monthly growth rate of 30.40%, and an extrapolated compound annual growth rate of 23.17%.
Over the last 6 months, the price of EOS ranged between $5.18 and $5.38, rendering a compound monthly growth rate of 0.65% and an extrapolated compound annual growth rate of 0.08%.
Going back further, EOS was priced at $8.12 a year ago, rendering a compound monthly growth rate of -3.37% and a compound annual growth rate of -0.34% since then. Some analysts say that EOS is good for only short term investment but, for long term it may not be rewarding. Cardano ADA is good for long term. Next I shall write details about Cardano.
Thanking you and waiting for your feedback....
Why some analysts say that EOS is not for long term investment?
EOS is a very centralized platform with only 21 consensus nodes. They tried to find a way between scalability and not being centralized and they settled for 21 consensus nodes that can be voted for by the community. This is their maximum compromise, but very, very far away from a decentralized system. That’s why EOS does not have a future as a decentralized platform.
EOS has seen some of the largest gains during 2017 and 2018, but past rarely if ever predicts future in the cryptocurrency or traditional markets.
EOS’s blockchain has great aspirations and it certainly has a lot of potential, but it is important to keep in mind that its blockchain governance model is experimental and still in the infancy stages of development.
EOS could be a great investment for those looking to add higher risk and reward assets to their portfolios, while those looking for safer bets might have greater success elsewhere.
The success of EOS as a blockchain and its worth as a cryptocurrency will depend on the success and quality of the dApps built on it as well as the team’s ability to remain transparent and listen to the community’s wants and needs.
Overall it will depend on the success of the project and mass adoption of EOS . that's why some analysts are saying it is rather good for short term investment.
Thank you for your answer.
I see. But my be at the beginning must be some centralization in this kind of projects...
@mkdigest purchased a 13.46% vote from @promobot on this post.
*If you disagree with the reward or content of this post you can purchase a reversal of this vote by using our curation interface http://promovotes.com