EOS Tokens Not For Passive HODLers

If you’ve bought into EOS with an intention to be a long-term HODLer without having to do anything with the tokens, you might want to reconsider. According to the project’s Constitution, if your account is inactive for 3 years, it may be put up for auction. A closer look EOS’ highest law can certainly make you raise an eyebrow.
EOS, the project which raised $4 billion in a year-long Initial Coin Offering (ICO), has put down a set of rules in what is referred to as their Constitution. While rumors have it that this is just a proposition and that the EOS community has to ratify it, the very first introductory statement of the document reads:
This constitution is a multi-party contract entered into by the Members by virtue of their use of this blockchain.

Lack of Definitions and A Lot of Controversies
The document, placed in the projects GitHub, is contributed by two people – Thomas Cox, Block.one’s VP of Product, and Danial Larimer – the company’s Chief Technical Officer (CTO). Taking a closer look at the text, though, would make anyone, even people without any legal background, ask a few …

Read more –> click here all content is copyright Bitcoinist.

Need Bitcoin marketing and PR? Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 2 years. Get your own professional Bitcoin or cryptocurrency press release CLICK HERE..

Powered by ABITCO.IN

by Bitcoinist via ABITCO.IN