Past ICO Review: EOS, an ICO Success Story

Out of the many ICOs that fail, EOS is not one of them. The ICO is 345 days long and raised some $700 mln during the first phase of the ICO. The most recent reports indicate that the ICO raised 5,148,884.15 ETH, that is more than $2.833 bln, or 5.2% of all ETH currently available. That makes EOS the largest fund-rasing ICO to date! EOS token opened up at $1.03 and at time of writing is now worth $11.29 a gain of 996 percent.

If you invested $10,000 at the opening price, you would now have almost $110,000! Not bad for about a year’s wait.

What Drives EOS’ Success?

EOS has been successful due to a number of factors.

• It is an ERC20 compatible token, which is distributed on the Ethereum Blockchain pursuant to a related ERC20 smart contract. Ethereum’s smart contracts offer a lot of versatility for cryptos built on that platform, which lead to better business-related uses.

• EOS incorporates a delegated proof-of-stake (DPoS) consensus protocol. This protocol is similar to a republic whereby members of the community delegate the responsibility of verifying transactions to elected witnesses. In other words, this is a crypto that is not mined but rather is based on producers, who create something.

• EOS can process millions of transactions per second through horizontal scaling. This is a major achievement over Bitcoin and Ethereum Additionally, this will make it possible to create Dapps that are indistinguishable from their centralized counterparts.

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EOS Team, Rockstars of the Cryptoverse

Not only do the above capabilities help EOS to rise to the top, but there is also an amazing team of Blockchain and crypto professionals behind the company.

1. Brendan Blumer- CEO: Brendan Blumer is the Founder and CEO of block.one, the publisher of EOS.

2. Daniel Larmier- CTO: Launched Bitshares and Steem

3. Ian Grigg- Partner and financial cryptographer

4. Brock Pierce- Partner: Former child actor, he created the first ICO token, Mastercoin, aka Omni.

This C-Suite has been able to fund and drive EOS on the proper path and lead it to success. However, there have been some issues in distributing the ICO and token.

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US Citizens are not allowed to buy ICO tokens

No ICO is perfect, in fact, there is a big problem for EOS in the United States. US Citizens and US. Entities are not allowed to buy EOS coins because the US is in the midst of trying to regulate ICOs, and for good reason, because many of them are scams.

Block.one does not believe that the distribution of EOS Tokens or the EOS Tokens themselves are securities, commodities, swaps on either securities or commodities or similar financial instruments.

The EOS Tokens are not designed for investment or speculative purposes and should not be considered as a type of investment. Nevertheless, US citizens, residents and entities should not purchase or attempt to purchase EOS Tokens due to the rules laid down by the SEC.

Author’s note: Being US-based, I went over to the EOS website and low and behold, it is true I am not allowed to click the link to purchase EOS tokens. However, you can easily get around this with a VPN.

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