EOS community intensifies the fight for organizational control against the former developer Block.one

Members of the EOS ecosystem, a blockchain network designed for decentralized applications or DApps, express their dissatisfaction with the former developer Block.one. As a result, they created their own organization and elected a new leader. to renew the network.

With access to Cointelegraph, Yves La Rose, Community Chosen CEO of the groundbreaking EOS Foundation, made the following prepared statement during a virtual conference call:

“In terms of token value. If we look at EOS versus the other cryptocurrencies, especially at the Satoshi level, EOS was a terrible investment. It was a terrible financial situation, a waste of time and a waste of community The reality is that a lot of people no longer want to be associated with EOS because of their tarnished reputation. EOS in its current form is a failure. “

Block.one is a Cayman Islands registered company and was the original developer of the EOS network.In 2018, the company sold 900 million EOS tokens with a profit of more than $ 4 billion in an Initial Coin Offering (ICO), the largest in the world at the time, although it did not have a working productA year later, Block.one reached an agreement with the U.S. Securities and Exchange Commission (SEC) on $ 24 million on allegations of unregistered securities sales during its ICO. The token sale is also confronted with allegations of market manipulation.

EOS community intensifies the fight for organizational control against the former developer Block.one
EOS community intensifies the fight for organizational control against the former developer Block.one

La Rose has this to say to Block.one:

“Another thing to keep in mind about the road route is that we can no longer rely on Block.one to support and guide the development of EOSIO. You have lost all important developers and moved away from a development company. ” from blockchain to asset management company. “

According to the block explorer bloks.io, the best-known DApp in the EOS network is the decentralized exchange Alcor with a 24-hour transaction volume of 44.6 million US dollars. Second is AtomicMarket, a non-fungible token market with $ 3.81 million in transactions in the past 24 hours.

La Rose closed the panel with the following comment:

“Today is the creation of what EOS can become. There are no more excuses, no more obstacles. We have everything we need. What becomes EOS next is just what we make of it. “

Similar Posts