The EOS IO launch of version 1.0 is coming within hours, creating one of the most complex crypto systems in the world, but also continuing to raise red flags. The EOS community would, in theory, have control of the block production through approval voting, and yet the rules of the system have been set centrally by Block One.
One of the immediate problems for EOS are ongoing scams making use of the pre-launch hype.
https://twitter.com/EOS_io/status/1002390786497961984
Because the EOS system is complex and some of the actions and requirements may be unclear for part of the owners, they are urged to only follow official information and not reveal private keys in dubious proposals.
For EOS, the community will have to be patient, and potentially receive the many upcoming airdrops. A dozen airdrops have been planned for the upcoming months:
https://twitter.com/eosforumorg/status/1002290370053574658
The EOS StackExchange channel is also live and public. BlockOne has announced it would provide developer resources to keep the answers active and the channel from closing. With a brand-new ecosystem, the next few days will show the usability and how steep the learning curve for EOS would be. The Ethereum ecosystem has been around for years, and still surprises users with glitches and questions.
https://twitter.com/EOS_io/status/1002172996654649345
StackExchange already hosts many crypto-related channels, and the formal addition of EOS will mean a source of clear answers with community upvoted. Even less than a day before the launch, there are still almost constant questions on Reddit regarding the token registration. In the end, at least some of the tokens may remain locked and inactive, waiting for an alternative solution.
The upcoming launch is causing one last burst of trading, as the EOS asset takes up more than 6.7% of all crypto deals. EOS is currently the leading coin on Asian exchanges, including OKEx, Huobi, and Binance.
!EOS!
The EOS market price has stalled around $12.40, with volumes just above $1 billion. The share of Tether (USDT) trading remains relatively high at above 26% of all volumes.
This article appeared first on Cryptovest
