1 year ICO so the average users can still buy in! not within seconds this is a great move for EOS economy! this will be a trillion dollar ICO no doubt. But why an ICO? why not something like steemit? Only Dan and his team knows, of course it will be amazing steemit is also Dan's baby..
now not only the whales will be able to buy but us as well!
Here read this and go check it out for more information,
Below Quote from Brendan Blumer
"Hey Everyone,
The proposed EOS distribution smart contract mimics PoW mining which divides tokens amongst contributed resources over a long period of time, while eliminating the unfair advantages obtained through economies of scale when buying hardware and electricity in bulk.
Like these successful PoW distribution models, EOS tokens are split amongst incoming resources, which creates dynamic free market pricing that allows for instant liquidity.
Capping token value leads to even worse diversity in distribution, destroys free market pricing, and due to the existing technological constraints of Ethereum, it allows tokens to be monopolized by those willing to pay the highest gas fees.
Time is critical to healthy distribution; distribution is only as broad as its awareness, and time allows more people to become aware, assess the project merits, and get involved before early stage opportunities are closed. No token that has been completely distributed for value in a small window of time has achieved a distribution diversity that we feel is acceptable to the EOS project.
Feel free to check out our rationale for the proposed code structure here:
@eosio/draft-eos-token-sale-smart-contract
More information on Block.one’s exposure to tokens and corporate initiatives will be available well in advance of the token sale. Rest assured our team understands the importance of long term alignments of interests when building a community, and are excited to be able to share more information."
THANK YOU DAN FOR STEEMIT AND NOW EOS YOU ARE A VERY BRILLIANT MAN! 