Published
5 years ago on
July 17, 2018
“The investment from Thiel and Wu comes after Block.one finished the world’s biggest sale of cryptocurrency tokens for $4 billion in May. In the transaction, often described as initial coin offering, Block.one sold so-called EOS tokens, the fifth-most valuable cryptocurrency according to data from Coinmarketcap.com. The money raised from the tokens are set to build a new operating platform for blockchain, similar to Microsoft Inc.’s Windows OS.â€You can see the full article for yourself, here. Why would this investment be advantageous to EOS? As we know, Block.one are the company behind EOS and since the EOS ecosystem only promises further growth, we believe that this is still at the fore of Block.one’s operations and thus, should they receive some large scale donations in a new fundraising round, from the aforementioned investors then we should assume that a bulk of this will run back into EOS in some capacity. Whilst it might not go into the purchase of EOS tokens, it’ll no doubt improve the service and the platform which in turn might well encourage further investment. What I am saying here is that no matter how the investment is spent, if it even comes close to EOS (which it will via Block.one) the price of EOS is sure to benefit somehow. Bloomberg are unable to offer any further comment on when to expect this investment, though they do think it could happen as soon as this week. Likewise, we can’t be sure of the full scale of the investment either, there's no way to know how much money will go into the project and, as mentioned, we can’t really be sure how it will be spent. Hopefully though, Block.one will ensure that EOS does indeed benefit from this.
