EOS and failure
EOS and failure
The CEO of the EOS Foundation said of the EOS project, “This is not just a failure. But it was a terrible investment,” citing a lack of advice from Block.one, and he also revealed new plans for upcoming projects to advance the foundation.
EOS Failure
Rose has blamed former contributor Block.one for improper execution of the Cayman Islands project. They managed to raise $4 billion through an ICO, which is the biggest ICO ever, but in 2019 they ran into trouble with the SEC after being sued for offering an ICO without registration. securities This caused the company to pay more than $24 million in fines, which resulted in the project's instability.
future plans
Rose laid out the principles that will keep the project going: Audit+, Wallet+, Docu+, and APIs as the basis for the new roadmap. The funding to inject this project will be around $200 million.
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