RE: [The ICO Digest] Is EOS going to break the ICO record?
I have a strong suspicion about EOS. First, I missunderstood their ICO terms. Didn't expect it to be tradeable immediately. But now it all makes sense, and might be the biggest scam ever.
They have collected 650000eth in their first round. That's their capital now. If they get more than 6500eth in the second round, which is 100 times smaller, it will seem there is rising market demand. So, it is enough for them to put 1% of their newly scammed capital back in to their own ICO to 'break even'. If they sell it at ever rising market prices, they will be able to multiply those 650k easily. And since it's a closed market, they have almost full control over it - a pump / dump paradise. With stolen eth!
If this is really just a rebranding of Bitshares, I tip my hat to the scammers. Well played. I hope there is something illegal in this.
https://github.com/EOSIO/eos/commit/7584ca2f927cb4179b8b02e9ca90884b661750dc
Future will tell. I made a lot of research and spent time analyzing. The only thing they did I didn't like is for the first period, it was planned to be 3 days, and they extended to 5 days without announcement. I already invested in it at this time, so we'll see. At least, short-term investors already made some benefits.