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Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => EOS Forum => Topic started by: Domithra on June 14, 2018, 03:23:52 AM

Title: EOS Stalls as Chaotic Launch Fails to Meet Vote Target
Post by: Domithra on June 14, 2018, 03:23:52 AM
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 β€” 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 β€˜yes’ to launching the mainnet. However, the complex launch process has run into a roadblock β€” EOS token holders are not contributing to the voting process, which is essential to the establishment of the new EOS blockchain.