EOS Token have absolutly "no uses, purpose or value"

in #eos7 years ago

This is originally copied from the EOS ICO agreement (link below):

"The EOS Tokens do not have any rights, uses, purpose, attributes, functionalities or features, express or implied, including, without limitation, any uses, purpose, attributes, functionalities or features ...

So you are saying the tokens are absolutely useless?

Company does not guarantee and is not representing in any way to Buyer that the EOS Tokens have any rights, uses, purpose, attributes, functionalities or features.

So the company can run away with all the money and nobody can even sue them?

EOS Tokens purchased under this Agreement are not tokens on the EOS Platform.
What are the EOS token then, if they are not tokens on the EOS plattform?

Buyer acknowledges, understands and agrees that Buyer should not expect and there is no guarantee or representation made by Company that Buyer will receive any other product, service, rights, attributes, functionalities, features or assets of any kind whatsoever, including, without limitation, any cryptographic tokens or digital assets now or in the future whether through receipt, exchange, conversion, redemption or otherwise.

Is nobody reading this before buying tokens with an inflation of 400% per year?

https://eos.io/documents/EOS%20Token%20Purchase%20Agreement%20-%20June%2022,%202017.pdf

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The maker of EOS first made Steem (a great idea). But he got crazy rich (market cap went down now from 1 billion high by 750 million to 250million) by the ico and run away and start something new instead of stick and develop.
Then I made BitShares. The same.
Just wait until he leaves EOS and will make the next ICO where he can get and people loose 100 million of dollars