Does someone buy EOS every day and then sell it on an exchange for a gain of a few percent? Today I ran the numbers to find out for myself. At the writing of this post, EOS just closed its daily offering of 2,000,000 tokens with 3735 ETH collected. In U.S. Dollars ETH is quoted at $289.12 so $1,079,863 was collected in U.S. dollars for 2 million tokens. That represents a per token price of about .54 USD for the 2 million tokens. The current after market for EOS tokens is quoted at .5555 USD. That suggests the purchasers of today's allotment of 2 million tokens bought them at about a 2.8 % discount. If the buyers flip those tokens back into ETH, after trading fees, they could own their ETH for free in less than two months. Would anything prevent the principals of BlockOne or any hedge fund from doing this? Could it be the real reason for the year long offering? I own EOS and I'm beginning to think I should have waited to buy until next Spring. Am I missing something?
