Billionaire entrepreneur, investor and crypto enthusiast Mark Cuban said in a recent interview that token-based projects should share profits up and the size of the return should reflect the underlying business. It goes all too well with EOS.
He didn’t refer to the project and the questionable way Block.One directly executed it, but Crypto Analyst and Youtube @COLINCRYPTO think he might as well have it.
By loading the tweet, you agree to Twitter’s privacy policy.
Learn more
Load tweet
Always unblock Twitter Tweets
It is widely believed in the EOS community that Block.One token holders failed by failing to develop the blockchain for which it once raised funds.
Somehow, the EOS blockchain’s market capitalization is less than the developer’s assets. The market cap of the former is currently $ 3.4 billion, up from $ 12 billion for the Block.One company.
It is one of the largest BTC warehouses in the world, held by a company with 240,000 BTCs. Therefore, Block One’s net worth far exceeds the value returned to ICO (Initial Coin Offering) participants.
EOS Block One owns a massive gold mine
Block.One massively accumulated bitcoins during the EOS ICO, which was a record $ 4 billion at the time and was paid for by the participants who mostly participated in BTCs. The company later also acquired more BTCs from profits.
What it didn’t do, however, is invest some of it back into the ecosystem. The EOS price was $ 3.59 on Nov. 24, 18 and was still at the same level three years later on March 2, 21.
Block.One has of course made immense profits due to the rapid appreciation in the value of the bitcoins it holds. Why did it stall? The simplest explanation is the fact that Block.One is a publicly traded company, not a foundation.
There is a lack of confidence in EOS investments which provide significant returns for shareholders. Therefore, it does not invest back and treats the project like a long-forgotten concept.
It marketed the EOS project as an Ethereum killer, but it still has to make a dent after all these years. The acceptance and development activities on the platform have lagged compared to their bigger brother.
Ethereum became the largest smart contract platform in the world after raising $ 18 million during the ’14 ICO. EOS raised $ 4 billion and Block.One has frozen it in time since then.
This post may contain advertising links that we can use to fund the website. When you click on the links we receive a commission – but the prices don’t change for you! 🙂 🙂
Disclaimer of liability: The authors of this website may have invested in cryptocurrencies themselves. They are not financial advisors and only give their opinion. Anyone looking to invest in cryptocurrencies should be well informed about these high risk assets.
Trading in financial products, especially with CFDs is associated with a high level of risk and is therefore not suitable for security-conscious investors. CFDs are complex instruments and carry a high risk of losing money quickly through leverage. Note that most private investors lose money if they choose to trade CFDs. Any type of trading and speculation in financial products that can generate unusually high returns is also associated with an increased risk of losing money. Note that past wins are not a guarantee of positive results in the future.
Comments are closed.