Hey guys,
Today I would like to talk about EOS and its distribution scheme.
It is increasing by around 10%, and some people start to get interested about the project, ask where the price could go etc etc.
First, I must say, I'm 100% behind Dan and of course his project. For me Dan Larimer is one of the most talented genius in our crypto world. He is a visionary and he has a sense of "what-people-will-need-in-the-future".
I hold a lot of EOS but I must say : I don't see the price of EOS going extremely high and crazy before a year time.
Why ?
Because of its distribution token. The system in place was a great way to allow people get the time to buy EOS and not only whales during ICO.
This good system has a side effect.
Every time, tokens are added to the market, there is a small impact on the price (could be an increase or decrease).
The price of a token is relating to its market cap and circulation supply.
On a basis, let say for the same market cap, the price could go down when you ad more tokens. But also It could not move at all, or it could move a bit higher. But not skyrocket yet.
When we will reach the 1 000 000 000 tokens in circulation, the price will set up at its real value and that will leave the way to going up and up and ... euhhh ... up.
Every 23 hours, 2 000 000 tokens are distributed on 350 periods.
For now, we are here :
Period 129 with 221 period left, which means around 211 days.
The distribution works as follow :
That's why, I presume EOS will reach its full capacity and its potential in about a year from now.
For now, EOS has a market cap of 341 161 639$ with 440 022 337 tokens in circulation for a price of 0.775328 per token (at time of writing)
EOS, the future.
Happy life