Bitcoin Forum>Alternate cryptocurrencies>Altcoin Discussion
Author

Topic: EOS BP DEV's way of enriching themselves? (Read 118 times)

serjent05
legendary
Activity: 3052
Merit: 1281
Get $2100 deposit bonuses & 60 FS
EOS BP DEV's way of enriching themselves?
May 24, 2019, 01:16:51 AM
#1
From the article EOS BP EXPLAINED some details catched my attention.  It is the annual 5% internal inflation where 4% is allocated to the Development Team and only 1% goes to the Block Producers where it is further detailed to 0.75 goes to the actual Block Producers and 0.25 goes to the Stand by Block Producers.





 As far as we know EOS had a successful ICO that sold around $4,197,956,135 value of token.  I wonder why do they have to accumulate more when they already have such huge amount to support their development.  And what worse is, the 4% accumulation is disguised as savings.  How can this setup be profitable to EOS holder?  Please enlighten me.
Bitcoin Forum>Alternate cryptocurrencies>Altcoin Discussion
Jump to: