EOS Centralization: Top 1.6% of Holders Own 90% of Supply

in crypto •  7 years ago 

After a year-long, $4bn ICO, the anticipated EOS mainnet finally went live in early June 2018. The migration of EOS tokens from the ERC-20 standard to the independent EOS blockchain has brought with it increasing scrutiny regarding the true extent of decentralization on the EOS network.

In an effort to ensure an even spread of token holdings across investors, EOS ran a phased ICO with no hard cap.

Wealth inequality on the EOS network sees the top 1.6% of token holders controlling 90% of the supply while the bottom 44% have to make do with a mere 1% of EOS.

Read the full analysis here: cryptoglobe.com/latest/2018/06/eos-centralization-top-1-6-of-holders-own-90-of-supply/

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It's the exchanges, fool!

  ·  7 years ago (edited)

Apparently, David Azaraf does not know what he is talking about.
Not one mention inside his article about the fact that for now, the biggest token holders (except Block.One) are exchanges (Binance, Bitfinex, and more than 100 others)!
This question was already 100 times explained but people will always keep spreading the disinformation.

Exchanges--many of which either have voting portals or are working on voting portals.