Copy link
Increase text size
Decrease text size
Link copied

Block.one plans to start EOS voting and staking in May 2020

Image by

Mon, 13 Apr 2020, 03:25 am UTC

EOS maker Block.one announced that it will be starting its skating and voting next month.

Block.one has been a relatively silent minority token holder and it has abstained from operating nodes on the network and in exercising its voting capacity. However, it’s done observing and learning because it is now ready to begin staking and voting for its EOS token position.

Following the launch of EOS public blockchain, there has been an overwhelming amount of code, knowledge, and leadership. So, Block.one is now ready to use its voting stake.

“Initially, in the coming weeks, we plan to use our voting stake to begin highlighting and voting for many of these candidates, potentially even in rotation, to showcase these organizations’ achievements, values, and network contributions,” Block.one announced.

“Our voting approach will evolve over time, and criteria will be added to ensure that the recipients of our votes adhere to the standards we wish to see network wide. We anticipate staking rewards may become a core component of our approach with the rewards allocated toward the research, formation and funding of EOS- centric initiatives. During this first voting period Block.one will not participate in a staking reward program.”

The firm also announced that the Public Blockchain Engagement division has been researching and developing a model for potential EOS foundation. Block.one is working with various organizations and participants to support the progress of EOS public blockchain.

Block.one aims to use EOS foundation to cultivate decentralized collaboration, network security and uptime, high performance and token holder alignment. Its main goal is to promote transparency, communication, collaboration, and opportunity. The organization is willing to listen and work with others to achieve its goal.

Block.one is also inviting its network participants who are interested in voting support to engage with them. The team welcomes ideas, questions, proposals, and opportunities that will help realize its mission.

Meanwhile, in October 2019, Block.one agrees to settle a $24 million penalty with the Securities and Exchange Commission (SEC) for carrying out an unregistered securities sale. Block.one raised a total of $4.1 billion in an unregistered initial coin offering between 2017 and 2018.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $11,591.40 (-1.66%)
  • Ethereum (ETH) $379.94 (-3.79%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $302.74 (-2.35%)
  • Bitcoin SV (BSV) $228.71 (-3.49%)
  • Bitcoin (BTC) $11,591.40 (-1.66%)
Feb 21, 2020 (Friday)
12:01
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
12:00
Brazil to launch new payment system in response to cryptocurrencies
11:59
Digital currency exchange Coinbase Pro lists Kyber Network token
11:57
Norwegian Air to soon start accepting crypto payments
10:21
Swedish central bank begins CBDC pilot with Accenture
09:51
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
14:16
Telecom companies complete cross-carrier mobile payments using blockchain
11:53
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
11:00
South Korean ICO project discontinued, to return $7.5M to token holders
10:36
Samsung maintains crypto support in soon-to-launch Galaxy S20
09:41
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
09:15
Coinbase becomes first crypto company to receive Visa principal membership
08:59
Dubai Economy and six banks launch KYC Blockchain Consortium
08:26
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
07:12
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
06:13
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
05:02
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
04:56
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
04:35
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
12:46
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft