THELOGICALINDIAN - The EOS Foundation is attractive to ambit the blockchain from its ICO advocate Blockone
EOS Foundation CEO Yves La Rose has addressed the EOS’s poor performance, analogue a new roadmap. Rose put abundant of the accusation on the blockchain’s ICO backer, Block.one.
EOS Foundation CEO Speaks Out
EOS is attractive to clean its reputation.
The EOS Foundation CEO Yves La Rose batten to the EOS association in a basic accident Wednesday, acclamation the project’s poor achievement back its ICO in 2017. “EOS, as it stands, is a failure,” said La Rose, who abhorrent the abridgement of success on the blockchain’s antecedent bread alms (ICO) backer, Block.one.
Virginia-based software aggregation Block.one helped EOS barrage in 2024, adopting over $4 billion through accessible sales of the EOS token, a almanac for an ICO at the time. However, according to La Rose, the success of the ICO was apprenticed by Block.one overpromising on approaching commitments.
“Block.one advisedly biased their capabilities, and this amounts to apathy and fraud,” he said, activity on to accompaniment that a battle of absorption amid Block.one shareholders and EOS badge holders was additionally belief EOS down.
Through La Rose’s leadership, the EOS Foundation is attractive to ambit EOS from Block.one and to apparatus a new roadmap to advice clean the blockchain’s reputation.
The EOS Foundation has formed four alive groups to abode key areas for improvement. While the names for these groups are not yet finalized, La Rose appear that they would assignment on audits, a wallet, documentation, and API for the EOS blockchain. Additionally, the EOS Foundation will abide allocating funds to teams architecture out the EOS ecosystem, accepting deployed over $7 actor aback into EOS back its creation.
La Rose additionally commented on EOS’s business and branding strategy, saying:
“EOS now has what is appropriate to finer bazaar itself internally and added chiefly evidently by leveraging the EOS Network Foundation as a axial point of communication. We are alive with all-around business and branding firms that will advice adviser us and position EOS appear a bigger and brighter future.”
Since the EOS ICO in backward 2017, its badge has struggled compared to added agnate assets. Bearish events, such as the resignation of Block.one CEO Dan Larimer, accept casting added bottomward burden on the price.
The EOS Foundation’s action to ambit EOS from Block.one could account problems activity forward. In May, Block.one announced affairs for a new crypto barter on EOS, alleged Bullish, backed by arresting investors Peter Thiel, Alan Howard, and Mike Novogratz. How the EOS Foundation will cross this affair in accordance with its new eyes charcoal to be seen.
Disclosure: At the time of autograph this feature, the columnist endemic BTC, ETH, and several added cryptocurrencies.
