Content | Todd Welker
Compile | Aholab
Today, most people admit that the value of the blockchain is huge, but how to dig this golden mountain is often confusing. Besides buying coins, are there other ways to invest?
EOS is one of them. Although it was once ridiculed as an "air coin" last year, it began to skyrocket again within two months. However, the value of EOS is far more than that. In addition to technological innovation, the unique advantages of EOS can also be seen from business and financial analysis.
This article is from Todd Welker, a senior American financier. With 25 years of investment experience, he has sorted out the great points of the EOS project for us, and told us why EOS is the only project that has time to invest.
Speaking of EOS, people will think of the Big Brother platform, but I am optimistic about EOS not because of this, but because its value is indeed underestimated. Today we will take a look at why you should invest in EOS from several aspects, and why it is the best time to invest in EOS.
I have worked in the financial field for more than 25 years. In the past 25 years, I have founded and bought and sold many companies, which makes me very good at grasping reliable business opportunities. After all, I rely on this to make a living. I have also obtained S7 and S63 certificates (the Series 7 certificate is also known as the "General Stockbroker License (GS)", which grants the licensee the right to sell almost every type of personal securities. This includes common and preferred stock, Call and put options, bonds and other personal fixed income investment products; and all forms of portfolio products; Series 63 license, also known as the Uniform Securities Agent license transaction), so in this article, I will mainly talk about why I am optimistic about investing in EOS from the perspective of finance and business .
The reason why I analyze it from the perspective of finance and business rather than technology is because I think technology is written on BP for investors to see, or the founders hold speeches at various industry conferences. My analysis from a business point of view is based on a lot of research and some new trends in the industry. For example, EOS has signed a private equity deal with Mike Novogratz and Eric Schmidt, one of them is a legendary Wall Street fund manager, and the cryptocurrency investment bank Galaxy Digital founder; one is the former CEO of Google, I believe that such a person has done enough homework before working with EOS .
Next, let’s take a look at the reasons why you should invest in EOS.
The main creator is awesome - the chain circle dream team
There are many reasons for investing in EOS, among which I have to mention the team of Block.one , the development company of the EOS project . That’s right, the “Chain Circle Dream Team”. If you already know enough about the founding team of EOS, you can skip directly to the next section. If not, you need to know the following three people.
Dan Larimer, CTO of EOS, is also the man behind the famous Steemit and Bitshares. Unlike other developers, Dan is very ambitious and visionary. He created the blockchain tool group "Graphene", which is compatible with all his previous projects.
CEO Brendan Blumer and partner Brock Pierce. The former is a veritable young talent. He started his first business at the age of 15. The GaMeCLiFF he founded was acquired by the online game company IMI Exchange, which is Brock Pierce's company.
Brock also started in the game industry. The company he founded, ZAM, was acquired by Tencent in January 2012. In addition, he was elected as the chairman of the board of directors of the Bitcoin Foundation in 2014. The Blockchain Capital he founded has invested in more than 30 blockchain companies. The projects he founded or served as a consultant and board member include GoCoin, Tether, ZenBox, Blade Financial, Expresscoin, Noble Markets... oh yes, legends are always versatile and Brock was an actor... an actor...
In short, this team is really luxurious and has done a lot of awesome things.
Besides Google, the second company that dares to use "Dutch auction" for ICO
In my impression, the only company that used Dutch auctions for financing was Google, but it only lasted for a day. One of the advantages of Dutch auction (referring to bidding from high to low) ICO is that in addition to getting money, it will also generate a large number of "tokens", which not only improves everyone's awareness and understanding of EOS technology Recognition also enables the tokens issued by Block.one and its developers to obtain higher prices. At the same time, through this approach, a large amount of funds have been raised for Block.one, allowing it to have an invincible cash flow. All this makes Block.one the most successful ICO in history.
Block.one’s ICO data is as follows:
Every 23 hours, sell 2,000,000 tokens at a price of $18~20;
As of February, a total of 240 transactions have been completed and 110 are in progress;
It is estimated that Block.one raised a total of $2.3 billion, excluding the 2,000,000 tokens mentioned above (about $180 million).
It is also worth noting that Block.one only accepts Ether as the only currency for token transactions. At the beginning of the financing, the price of ether was $288, after the financing ended, it rose to $900, and even reached $1,400 at the highest! If Block.one's financing needs are only from the perspective of enterprise development, such as market construction, G&A, etc., this means that the funds they raise are likely to double in value in the future, of which at least 4 billion US dollars are only from. The branding effect of Ethereum. Therefore, in the end, the market value of the ether in Block.one's hands is almost equivalent to 7 billion to 10 billion US dollars.
what does that mean? It means that Block.one, which has a market value of nearly 10 billion US dollars in ether, is becoming the most bullish platform on Ethereum. At the same time, you don't have to worry about being overwhelmed by taxes. I'm clamoring to buy coins every day, but I don't know that coins have to be taxed, right? With the amount of Ether held by Block.one, ordinary people have long been scared to pee, but Block.one has adopted some common tax avoidance methods. For example, although its headquarters is in Hong Kong, its registered place is in the Cayman Islands, Cayman. Islands, you know.
Besides, although people are holding ether now, there is no guarantee that ether will not be exchanged for bitcoin in the future. Alternatively, they can buy EOS tokens at the original price with ether after their platform is released, and then significantly increase the price of the token, the market value of the token, and the influence of the company, thereby controlling the market.
From the perspective of development momentum, Block.one never wants to be the "second child" in the market. It can be seen from their financing that they can play the market with a small investment. If they are confident in the future, why store all their assets in ether for their competitors? The answer is impossible. Block.one is not stupid, they know how ERC20-based tokens will use ether. It's just that because their holdings are too large, they have to think about how to deal with them.
For now, though, we just need to know how "rich" Block.one is. (why am I putting quotes)
EOS may bring together the most talent in the industry
Since Block.one is so rich, what will that money bring them? The answer is: influence, great influence. First of all, this money can recruit top-notch employees, developers, partners, and experts in the industry, any one of whom can give Block.one a positive boost.
Second, with the money, Block.one can consistently poach top talent from undercapitalized companies. They have already hired former Bithump CEO Richard Jung and a former Alibaba executive to lead the development of the Korean market; they have also partnered with Mike Novogratz and Eric Schmidt to invest in promising DApps and startups, bringing them to EOS platform; they also invested $ 30 million in Everipedia through Galaxy Digital (a joint venture of Block.one) . And all these big moves are actually before the release of the EOS platform. It is conceivable that after the release of the EOS platform, Block.one will definitely have a surge.
Another benefit for investing in EOS is “short” (Airdrop, a way of distributing digital currency. Usually, there is only one form of distribution of Bitcoin, which is mining. However, the distribution methods of altcoins and fork coins that appeared later are not There is not only one type of mining, such as airdrop distribution. Airdrop means "pie in the sky", the development team gives you digital currency for free, and the coins are directly sent to your address without requiring you to mine, buy, or fork previously held the original currency). Investors in EOS tokens will receive Everipedia tokens in the form of an airdrop. For them, it's definitely not a small reward.
Of course, everyone uses money differently, and you can buy a Lamborghini with your money, or even a lot of luxury cars. But in my opinion Block.one wants to spend the money on the development of Dapps on the EOS platform. Doing so is a win-win situation for both the platform and the investor.
Millions of transactions per second , a few streets away from Ethereum
Of course, to invest in the EOS project, the premise is that the project itself is worth investing in. We can see the value of EOS by comparing Bitcoin, Ethereum and EOS.
The value of Bitcoin is like Columbus's discovery of the New World. It turns out that there is such a world that human beings have never touched, but generally the first person to discover it is not always the best in commercial applications . Just like after Columbus discovered the New World, he must not be the best person to apply this place .
The same is true for Bitcoin. Bitcoin only supports about 7 transactions per minute. Based on this alone, how do you apply it? This is also the reason why no DApp is developed based on Bitcoin.
The emergence of Ethereum has brought the dawn of blockchain applications. It defines a series of standards, and you can issue coins by following these standards. At the same time, the transaction efficiency of Ethereum has risen by an order of magnitude compared to Bitcoin. This makes it possible to realize the efficiency of blockchain applications based on Ethereum, which is also the biggest reason for developing blockchain projects based on Ethereum.
What about EOS? EOS is one step closer than Ethereum. First of all, EOS's "voting node" technology can support its transaction volume to reach millions per second. This kind of performance is the best in the current public chain. At the same time, it has no mining cost, and can support transactions of this magnitude without consuming a lot of manpower and electricity. In this way, the miner fee paid by the user for each transaction does not exist.
Second, the advantage that Ethereum is simple to issue tokens has been well inherited by EOS. For projects developed based on EOS, it is also very simple to issue tokens.
You see, the transaction frequency goes up and the cost goes down, doesn't the value of EOS also go up? Not to mention that EOS still has a fairly long life cycle.
I invested in EOS, what should I do if they ran away with the money?
At present, 2 million EOS tokens will flow to the market every 23 hours. For the existing token holders, although it has caused a certain dilution effect, this phenomenon will disappear with the release of the EOS platform.
Some people regard this dilution as inflation, which is actually different from inflation, because the holders of the token have not yet made a profit. However, on the day the EOS platform is released, if you want to buy EOS tokens, there are only two ways, either by buying from existing holders or by exchanging. If the demand at that time is still so large, the price is likely to rise. I believe this principle is not difficult for everyone to understand.
Some may ask: What if Block.one ran away with the money?
joke! Block.one is sitting on 100 million EOS tokens , and they have put all their eggs in one basket. Their interests are inseparable from the interests of token holders , not to mention that they also spend a lot of money on a large number of excellent employees, partners and DApp developers. The higher the price of EOS, the more valuable the tokens they hold .
So don't listen to these rumors, there are too many rumors and dirty water in the circle of counterfeit currency. For Block.one, nothing is more beneficial to them than the success of EOS.
Finally, when it comes to investing, don't rely on anyone's opinion, especially what's on the internet. See and analyze for yourself, don't be fooled by the noise. Invest in any project and never invest an amount you can't afford to lose. Again, never invest an amount you can't afford to lose!
The cryptocurrency market has just begun, and there are still many projects worth investing in. Find some projects that you are optimistic about and observe for a while, I believe you will definitely gain something!
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