I'm a bit confused about this, I have read EOS and also TRON, which currently are on Ethereum network, will swap soon to another network, and this will drop the ETH price because they need to sell first all their ETH?
Is that how it works? we should expect a big drop on ETH due these swaps?

this question was due to this news: https://cointelegraph.com/news/ethereums-price-drop-possibly-due-to-large-eth-sell-off-by-eos-report-says

  • EOS and TRON are just tokens, it is like a new coins which work in ethereum network. They are not connected to ethers. There will be no sell. – Zergatul May 30 '18 at 5:52
  • @Zergatul what about this then? cointelegraph.com/news/… – Enrique May 30 '18 at 14:20
  • Initially they sold tokens for ETH. So, EOS organization has a lot of ETH on its account. But these ETH are not tied to EOS tokens. They could sold them a month ago, or 1 year later. – Zergatul May 30 '18 at 15:16
  • so EOS coin does not use ETH internally? is just they had ETH and they sold them? and what about the impact of leaving the network? it will be a bad impact to Ethereum? – Enrique May 30 '18 at 16:07
  • There will be no impact of leaving network. As I understand, EOS tokens will remain on balances, and people can continue to trade them. But tokens will have zero market price. – Zergatul May 30 '18 at 16:26

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Browse other questions tagged or ask your own question.