EOS Records 10% Gains as Block.One CEO Talks About “Voter Rebates” for Its Block Producers
In a recent tweet uploaded by Brendan Blumer, the CEO of Block.one, he says that the EOS community should consider the introduction of voter rebates from BP candidates. This decision would have several positive effects on the network.
In general, EOS received a strong critic related to its project and how it addressed the controversy related to its inability to tackle vote buying. On January 1st, he said that EOS should modify its constitution and allow block producers to pay dividends to users who provide to their stakes.
The #EOS community should consider the introduction of voter rebates from BP candidates to introduce free market pricing to block production, drive more value back to token holders, and increase voter turnout. Unenforceable rules only hurt the compliant.
— Brendan Blumer (@BrendanBlumer) January 1, 2019
Although the cryptocurrency market has recovered from the lowest point in more than a year, EOS was able to outperform other assets. After Ethereum (ETH), EOS is the best performing cryptocurrency among the top 10. In the last 24 hours, the digital currency grew 8.91% and it has a market capitalization of $2.59 billion. Each EOS coin can be purchased for $2.86. Since December 28, 2018, EOS has grown more than 20%.
As the EOS network works with a distributed-proof-of-stake (DPoS), there are block producers rather than miners. Each EOS user can vote for its own BP candidates by staking tokens. The 21 largest stakes become BP. However, some issues arose when exchanges such as Huobi accepted kickbacks for voting specific entities for EOS decision makers.
At the same time, Huobi, one of the most important virtual currency exchanges in term of trading volume announced in a press release that it will be creating an EOS-based derivative platform. Users will be able to open long and short positions using EOS. There will be other functionalities available on the platform using EOS.