We have noticed many users in the EOS community talking about Block.one’s tokens, but there seems to always be some confusion around their vesting schedule. We at EOS Canada wanted to clear this up and present the code that handles this -- providing you with the definitive answer!
Block.one conducted the longest token distribution ever done, lasting a staggering 350 days! They have reportedly raised over $4 Billion USD! The final period ended June 1st, 2018 at 23:00 UTC. Crowdsale of EOS Tokens is Now Closed!
Inflation of EOS tokens drives the entire system - funds the Block Producers, the Worker Proposal Fund, and allows for free transactions for users. The launch of the EOS network is fast approaching and we still see a lot of questions surrounding the inflation system. We would like to clear up a few things.
EOS Canada believes that vote buying is detrimental to the health of the EOS network. It is short-sighted and only serves those voters who are receiving dividends, it detracts value from the platform (and all EOS token holders). As a Block Producer, EOS Canada believes in the value of long-term network building.
Thomas Cox posted a series of videos, in which he was chatting with Yifeng Mao from EOSReal. He wanted to ensure access to all of the information that was shared. He recorded the chat to ensure transparency and to help the dissemination of information. We at EOS Canada decided to share the notes that we took from these videos to help spread the information, and make it easier to review. There is around 2 and a half hours of recording, so these notes will be long as well.
In June 2018, EOS token holders will be able to vote for their favourite Block Producers - like EOS Canada. A recurring question being asked around EOS blockchain forums and chats is “How do I use my tokens to vote?” There are a few solutions that we are pleased to share to help you understand the EOS voting system.