🤷 Is EOS Really Fair Game?

3년 전

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There seems to be one very glaring issue with EOS and other ICO coins and in this post we are going to bring them to light so we can learn and attempt to adjust this as we move forward.

EOS has prided itself on being a fair system where fairness and equality matter. However for the 1 year ICO that is finally launching its mainnet that might seem further from the truth.

Taking a snapshot of the current EOS token distribution we can see that the top 10 addresses hold a whopping 49.67% of the total supply. That is 10 people holding a majority of the wealth of EOS. Yes these could be exchanges but in order to make it into the top 10 yourself you would be looking at 20.6k EOS or worth about $300 million dollars.

The big issues I have been seeing with ICOs and mainnet launches is this.

Unless you where one of the first to get in on the ICO buy during the bonus giveaways during the ICO launch and airdops etc etc. You really are screwed. What would of cost but a few thousand dollars for a few investors is now worth millions of dollars which breaks up the playing field in terms of even declassification.

The big issue here is getting a new coin noticed by the masses and then allowing everyone to buy evenly. Only then would you really have somewhat closer to an even playing field. (which will most likely never happen)

Snapshot back to EOS we can see that the top 100 address hold roughly 75% of all of the coins!

What might be even more shocking are the already many of people who have yet to even claim their EOS coins by registering their ETH wallets with the EOS block chain.

Many of the 25% others who hold the rest of EOS have actually failed to claim which might push that 75% top 100 addresses to an even higher percent.

I think we are going to learn a bunch from one of the biggest ICO main net launches ever and that we should all watch it closely to find the mistakes and learn from it for what might be another later on down the road.

What are your feelings on EOS and as you learn more about the diversification of the coin?


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Im anticipating a big dump on the exchanges. No coin should be in TOP 10 if it has nothing to offer accept promises - at this point.

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Looking forward to that dump :-)

Bitmain owns 40% of the Bitcoin blockchain, so I think EOS will be alright, plus I think you need to subtract the amount that Block One has from that 40% to be fair, because they use theirs for testing purposes and to pay the bills.

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Bitmain does not exactly own 40% of the Bitcoin blockchain, I think you mean control.

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My apologies, I meant control, you are correct.

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Ill be curious to see the snapshot of it after mainnet is fully launched and stable

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As would I, and I think they should take as long as they need, so we can do this thing right!

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agreed

so big potencial in EOS

I’ve held EOS for many months on the exchanges I don’t know if that was the right thing to do I believe that they will do all the technical things for you, but I’ve no idea about the airdrops. Thanks mike

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As soon as you can, I will advice you to take the EOS tokens out of the exchanges, too many airdrops coming for be 100% that an exchange will be able to follow them

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Thank you very much it’s something I’m going to have to look at. Cheers mike

Unless you where one of the first to get in on the ICO buy during the bonus giveaways during the ICO launch and airdops etc etc. You really are screwed.

There were no giveaways of EOS tokens. It has all been based on market prices. If you follow the space and see the potential in the tech you have ample opportunity to get a good position on a one year token distribution.

This is the most fair token distribution ever.

Over 98% percent of tokens have been registered per various BP candidates.

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I think by giveway he means other people giving away eos as a promotion so an unofficial giveaway.

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And did that really happened???

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for those who got it yes.

What are your feelings on EOS and as you learn more about the diversification of the coin?

I’ve got positive feelings about EOS right from the start and a coin you of that diversity I must say has got a promising future for investors.
Thanks for throwing more light on this . You’re much appreciated

oh gezzz That is not good to hear.... hopefully these people in the top are planning on doing good things of the EOS community.

There is a lot of controversy with EOS just because It has done a very singular and different launching process than any other ICO.
Raising such amount of money and holding it into your main competitor structure is something never seen before.
I give Dan Larimer and his team a little bit of credit considering what he has done so far.

No one knows yet, most of them can be exchanges :)

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I think that's a good point, about how much EOS exchanges hold. We don't know who has what. Also one person could have multiple wallets...

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Could be but even that scares me lol

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If EOS scares people, they should be scared of 99.9% of all crypto lol

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  ·  3년 전

exchanges and miners rule the world!

Lets wait and see what happens with the price of EOS. I would not be the first coin with decreasing price after ICO. But with all that airdrops coming in I would not count on it though.

Yes these could be exchanges

Literally answers the question. For better or worse most people hold most cryptos on exchanges. It's not unexpected for this to happen with EOS. Perhaps depending on the value of staking in your own account, we will see people take their tokens into their own accounts.

I think it is still too early to tell but you bring up a great point regarding the centralized argument concern that plagues many assets in the space. However, EOS had a great approach given the year long ICO. However, it seems the execution has varied from the theory. Have in mind that if parties have accumulated large amounts during the ICO process they are probably experiencing a good gain so would be incentivized to sell and capture profits which would distribute the asset more. I am sure they will maintain a good portion but most will probably sell some (I would if I bought thousands under $3).

Do you always make random stuff up about EOS? Is there something you have against the community? I can't see another reason why you would make stuff up in your head, and lie to people on steemit.
Obviously, anyone who actually follows EOS news knows this post is complete bullshit, but here's a couple points for the people that don't:

Lie 1- Taking a snapshot of the current EOS token distribution we can see that the top 10 addresses hold a whopping 49.67% of the total supply. That is 10 people holding a majority of the wealth of EOS.

Not even close to the truth. Anyone can go to etherscan.io and look at the EOS token holders. A total of 0 from the top 10 are individual owners. In fact most of the top 50 addresses are exchange's wallets and large groups. There's only 3 or 4 in the top 50 that are individually owned.

Lie 2- Unless you where one of the first to get in on the ICO buy during the bonus giveaways during the ICO launch and airdops etc etc. You really are screwed.

There was no "bonus giveaway" in reality, just in your made up fairy tale about EOS. As for the airdrops you say, well there was only one. Hundreds to thousands will happen after the launch making it fair for everyone who invested during the year long chance they had. So whats the ect ect? Please explain how anyone getting in now is screwed? This is the most diversified token distribution ever, I'm not sure why you can't see that.

Lie 3- Many of the 25% others who hold the rest of EOS have actually failed to claim which might push that 75% top 100 addresses to an even higher percent.

Many, how many? Because when I look at the actual data it shows that more than 99.9% of all EOS tokens have been claimed and registered. So stop making stupid shit up in your head and trying to deceive people about what EOS is.

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None of these are lies I would love to see your backup support for many of the things you claimed I lied about here.

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has anything said by Mr. Ponts, false or misleading? if so, please explain.

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Plus if an exchange owns the tokens well then your not really the owner of those tokens now are you?

You have to take into account that the majority of accounts holding the most tokens are likely exchanges, which is technically a group of holders...

By saying that it's unfairly distributed because some big accounts hold most of the tokens is a bit misleading.

Great job @bitcoinflood, EOS can reshape the way we interact with blockchain though, if we saw such a revolution with ETH, now this platform can be much more efficient and greater. Greetings from #EOSVenezuela

I think we'll be alright in time, though we are entering in with 1/2 the coin controlled by a select few....

But how to interact with 50% of all enrigistered EOS tokens are held by only 4 addresses. I just knew this today after an article publication in TheMercle.

People with money will have the majority, that is the way it is.

In earlier ICOs, the little guy couldn't even GET IN.
That what this year long ICO helped with, you had plenty of time to get in and buy the little share that you could afford.

And there were not free tokens, there WOULD be in the next months to all the token holders

Unfortunately because of my Internet, I never realized that I had to register the EOS and I had 32 EOS and now I lost them for not registering them, the coins that I have are not many, but for a Venezuelan it is a lot of money. :(

Do not have any news if you could still register the coins?

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Hi @yanes94

There is a fallback option where unregistered EOS tokens can be converted to new EOS coins. You will be able to learn about it here:

https://steemit.com/eos/@eoscafe/eos-fallback-registration-how-to-get-eos-keys-if-you-did-not-register

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Wow @drwom I do not know you but you're the best... Thank you very much, I owe you one 😘

I think EOS is awesome and although the figures suggest that the majority of tokens are owned by the few, I can not think of a better way of distributing it. Even if you airdropped it, for free, to holders of a different coin, there would still be whales. You could drop a set amount per address which would give a more even spread, but whales would simply buy it on exchanges. Rich people will always have the ability to buy more.

Hi @bitcoinflood. I'm new to the crypto world and I've been hearing about EOS. I don't mean to deviate from the topic but please what is EOS?

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It is simply a platform like Ethereum or Neo, where poeple can setup projects. For example: BAT (Basic Attention Token) is using Ethereum as a platform.

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Thanks a bunch @eminenz

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You know, it may seem like EOS doesn't do anything, because it isn't an App and it isn't strictly speaking a currency.

But what it is, is an enabler. An enabler of DApps - which can be for any purpose.

It is like IOS the platform Apple uses to enable apps on its iPhones and iPads. It is like Android.

In fact it is exactly like them with one big humungous difference: it gives all the apps built on it access to all the benefits of blockchain.

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Wow now I grasp it well! You're most helpful @drwom.

Is it Real ? I don't Think So .