GEORGE TOWN, Cayman Islands, June 22, 2017 — EOS, the first operating system of the blockchain is designed to support commercial applications decentralized, has unveiled today some new details on its distribution of digital tokens, which will open Monday, June 26. The distribution of tokens of EOS follows a model of participation of a new kind that will be put in place in the course of a year to create the project of distribution of tokens as just launched on Ethereum to this day.
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“In order to achieve integration, the EOS are not sold at a fixed price but at a price determined by the market demand ; it sounds like mining but without the benefit of large buyers,” explained Brendan Blumer, CEO of block.one, the company’s free software and of blockchains that develops EOS.
block.one is going to distribute a billion chips compatible EOS ERC-20, dubbed the “chips EOS” on 341 days from June 26, 2017 13: 00 UTC according to the following schedule :
20 percent of the chips EOS (200 000 000) will be distributed during the first 5 days of the opening of the registers.
70 percent of the chips EOS (700 000 000) will then be distributed evenly in 350 consecutive periods of 23 hours of 2 000 000 chips EOS each from 1 July 2017.
10 percent of the chips EOS (100 000 000) will be reserved for block.one and may not be exchanged or transferred over the network Ethereum.
EOS is designed for a large-scale development to large enterprises, currently not taken into account by the platforms of blockchains that exist. EOS introduces an asynchronous communication and parallel processing to support millions of transactions per second, higher rate than that of Facebook and Google, respectively 52 000 and 40 000 per second.
EOS is designed to support distributed applications that have the same appearance as their equivalent centralized, without, for example, the obligation for the user to pay for each transaction. This allows new users of the blockchain to engage without having to navigate the complex process of acquisition of a crypto-currency and this should help to develop the sector. This also means that no matter what type of application can be built, run and managed by the operating system of EOS, creating a new level of transparency.
The team EOS, in full expansion, is led by veterans of the blockchain :
Brendan Blumer, CEO : involved in the sector of the blockchain since 2014, Brendan is a serial entrepreneur who has created companies including exchange of currency, virtual, such as MMORPGs in the United States, okay.com in Hong Kong, and 1Group in India.
Daniel Larimer, CTO : serial entrepreneur focused on innovative technologies ranging from virtual reality simulators to crypto-currencies, second-generation, in particular BitShares. Dan is a specialist in software development and the inventor of widely accepted concepts such as “Proof of Stake” (proof of stake) and “Decentralized Autonomous Corporations” (Corporations, autonomous decentralized).
Brock Pierce, associate partner venture capital investor and entrepreneur, a pioneer on the market of digital currencies in the field in the game, it has raised more than US $ 200 million for companies he has founded. Brock is the president of the foundation Bitcoin and co-founder of Blockchain Capital, among others.
Ian Grigg, partner : cryptographer financial, he created platforms to register cryptographic for more than 20 years. Ian is the inventor of the contract ricardien and co-inventor of the accounting part of triple.
Full details of the distribution of tokens are available in the terms and conditions, on eos.io.
block.one develops technological solutions, in particular software blockchain. With staff and advisors based throughout the world, particularly in Asia and the United States, the company focuses on the technology solutions professional such as EOS. To learn more, go to on-block.one and eos.io .
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