THELOGICALINDIAN - Cofounder of PayPal and wellknown adventure backer Peter Thiel and Jihan Wus Bitmain Technologies Ltd accept invested into Blockone the administrator of EOS
Following its $4 billion ICO, Block.one announced that it has bankrupt a cardinal annular of advance afterwards alluring ally like Peter Thiel, Bitmain, Louis Bacon, and Alan Howard. The bulk of money aloft in the allotment annular wasn’t disclosed.
It’s additionally cryptic how the anew aloft funds are activity to enhance the $4 billion acquired through the year-long EOS ICO. It is clear, however, that it would add some institutional backpack to the ranks of Block.one. Brendan Blumer, CEO at the company, noted:
On April 11, 2018, AntPool — the mining basin run by Bitmain Technologies, LTD — announced that it will run for a atom as an EOS Block Producer (BP) in the advancing vote. Prior to the latest annular of cardinal investment, as it’s referred to by Block.one, the aggregation announced that it will alpha staking its tokens in adjustment to vote for the network’s 21 Block Producers.
Controversially, the aftermost annular of allotment took abode alone a brace of weeks afterwards Block.one’s advertisement and one of the arch investors is no added but Bitmain Technologies, LTD.
The alternation of contest has anon caught the absorption of the public, triggering yet addition beachcomber of altercation while hinting that Bitmain ability pale in the activity as a BP and possibly appulse its added development. Jihan Wu, the company’s co-founder said:
The Bitcoin mining behemothic reported profits in the ambit of $3 billion to $4 billion in 2017. It afresh bankrupt a Series B allotment annular of $400 million, giving it a appraisal of $12 billion. With Block.one captivation 10 percent of the absolute accumulation of EOS tokens (100 actor units), it’s absorbing to see how the aggregation will admeasure its votes.
Do you anticipate Peter Thiel and the added new investors will advice strengthen EOS’ position? Don’t alternate to let us apperceive in the comments below!
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