Steem is going to freeze roughly $5 million in Steem tokens that belong to supporters of Hive.IO, a hard forked version of the Steem blockchain. The battle between Justin Sun’s Steem and Hive has been going on for more than three months now, and the trouble began when Justin Sun acquired Steemit.
Steem is going to freeze roughly $5 million in Steem tokens that belong to supporters of Hive.IO, a hard forked version of the Steem blockchain. The battle between Justin Sun’s Steem and Hive has been going on for more than three months now, and the trouble began when Justin Sun acquired Steemit.
Steem is going to freeze roughly $5 million in Steem tokens that belong to supporters of Hive.IO, a hard forked version of the Steem blockchain. The battle between Justin Sun’s Steem and Hive has been going on for more than three months now, and the trouble began when Justin Sun acquired Steemit.
Justin Sun regains control
Once the community voted to soft-fork away from Sun controlling the pre-mined tokens, a proposal was created on Justin’s behalf that would allow him to regain control of the pre-mined tokens if it was passed.
Sun enlisted the help of three digital currency exchanges—Binance, Huobi and Poloniex—and had them vote in the proposal by (illicitly?) pooling together the Steem tokens that were held on their exchanges by their users, and putting them towards the proposal to put Sun back in control of the pre-mined tokens. With the help of the three cryptocurrency exchanges, the proposal passed.
