EOS Stalls as Chaotic Launch Fails to Meet Vote Target

[Domithra]

The highly anticipated launch of the EOS mainnet has resulted in a chaotic stall, with less than 7% EOS tokens staked and used to vote. As the EOS block producer voting process requires 15% of all tokens to be used for voting before the launch process is complete, the launch is subject to an indefinite delay — shaking market confidence in the project.

The EOS mainnet launch was officially announced on June 10, with EOS block producer candidates coming together to deliver a unanimous ‘yes’ to launching the mainnet. However, the complex launch process has run into a roadblock — EOS token holders are not contributing to the voting process, which is essential to the establishment of the new EOS blockchain.