EOS closes first window with record-breaking amount of ETH raised
eos·@razvanelulmarin·
0.000 HBDEOS closes first window with record-breaking amount of ETH raised
### WOW ## WOW # WOW ------ What else can I say? The first EOS distribution window of 200.000.000 EOS is almost done. With 10 minutes to go they raised 640.000 ETH, this is a record-shattering, mind blowing amount. Let me say this again: $176,685,063$. **How on earth and why and what does it all mean?** <center>  </center> On the one hand it could mean that people bought in the FOMO like crazy. That an ICO that lasts A YEAR can still induce FOMO is maybe a bad sign but oh well. It also means that people believe in this project and they want to signal their support. All my dev friends interested in the blockchain are really really expecting EOS to finally give them what they need to build great projects. They don't know how Dan is, what the price is doesn't matter..guys like @nadejde won't even calim their tokens! I am unsure how many of the people sending eth here understand are like my friends. I am afraid most don't know how EOS will work and why it is unlike any ICOs before. Still, like ALL the other ICOs, the coins will be tradeable right away, so what's the difference anyway... **What's next?** Who knows. The ICO continues as normal, next window is open for a day and will distribute 2.000.000 EOS. That means that we will need at least 6400ETH contributed for the price to be par for the first day. From now on, that's what every day auction needs to raise for the price to stay at the level set by the first day. Is this possible? Secondly - and to me, the most important part - EOS coins will be available on most exchanges. In truth, EOS coins MIGHT be available on most exchanges. That's a big part of this ICO promise, that the trading on exchange will be what keeps the price in check. As Dan himself says here: <center>  </center> Market will protect everyone if we can get them on exchange. I think there's little chance on exchanges not picking this coin giving how much they are worth though so we could be safe. If none pick it up it will be kind of lol. But come on, that's like...never gonna happen :) The interesting this about this exchange - ICO rapport is that if the price on exchange falls, then it makes no sense to ever buy coins from the auction if there are already 6400eth in there ( you'd pay ICO price ). But then, those who already did will get cheaper coins. **It's a like a fucking ouroboro!!** The incentive is for everyone to be a rational agent in this game(theory) we all decided to play when we bought into EOS. <center>  </center> <center> EOS ico in a badly photoshopped photo </center> Behavioral economy proves that people are not rational agents though so I am sure we'll see some really weird and downright stupid decisions from people :) Will be fun. What's sure is that Dan right now must feel like a BOSSS. Cheers to you, Dan! <center>  </center>
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