EOS Price Rallies After Mainnet Launch Event

Published on 04 June 2018 by Cryptovest Staff

EOS remains one of the best-traded assets, for now defying the expectations that the price would crash.

The last daily auction for EOS ended with a price of $12.32, collecting more than 42,000 Ethereum. The EOS ERC-20 token is already frozen, seeing no new transfers. For now, neither the EOS team, nor BlockOne have released additional statements - the EOS system is supposed to be decentralized, and ran by the community.

https://twitter.com/bytemaster7/status/1002537726015623170

Dan Larimer, the project’s idea architect, has also been relatively silent. At the moment, the mainnet is supposed to be functional, with limited ways to tell if everything is fine. There are rumors of a forked net, EOS Classic, immediately arising after the official EOS launch. Users are urged not to reveal EOS private keys, for any forks or airdrops, to prevent scams from proliferating.

EOS is, once again, inspiring polar moods. Supporters see EOS with 10% of Bitcoin’s market capitalization - and foresee a “flippening”.

https://twitter.com/Ashe_Oro/status/1003286755020115974

Others are wary, seeing EOS as an inherently unfair system. A recent overview of EOS addresses showed that 10 top “whale” addresses held nearly half the assets. One of the biggest holders was BlockOne, holding an estimated $1.5 billion in EOS, in addition to the $4 billion in Ethereum.

Jackson Palmer, founder of DogeCoin and a prominent crypto commenter, was one of the EOS skeptics:

https://twitter.com/ummjackson/status/1003390520461103104

But other big wallets belong to block producers. Some believe block producers may have additional wallets for voting themselves in, thus prohibiting the wider community from having any effect. In theory, the 21 block producers should be altering their positions - but in practive, some may solidify their positions with high-stakes wallets, and create an oligarchy.