EOS Foundation CEO: Block.one hinders the development of EOS

The head of the EOS Foundation, Yves La Rose, declaring his rights to manage EOS, blamed the investors and the founder of Block.one for the project’s failures and announced that EOS will use a new strategy for development.

On
onlineconferences Yves La Rose reported that the EOS token was “a terrible investment.” He believes that EOS is losing out to its competitors because of investors and the founder of Block.one. According to Rose, the EOS Foundation intends to step up activities as the project “can no longer rely on Block.one.”

“Most of the token holders I speak with, both inside and outside EOS, agree that Block.one has deliberately misrepresented its capabilities, which amounts to negligence and fraud.”

Rose believes the EOS Foundation will be able to replace Block.one as the governing body, allowing the project to scale rapidly. The new path of project development includes the formation of core teams, the creation and distribution of grant programs and the development of a roadmap. He believes this decision will allow the EOS community to stop depending on Block.one and choose their own path. Until the project does, Block.one will hinder the development of EOS. Rose concluded his speech by announcing that the EOS Foundation will take over the project, rebrand and ensure the further development of EOS.

In September, the EOS project found itself at the center of a scandal when researchers from the University of Texas began to claim that during the ICO in 2017-2018, owners of 21 accounts on cryptocurrency exchanges artificially increased the price of EOS using fictitious transactions. Back in January, EOS founder Dan Larimer announced that he was leaving Block.one. Following this announcement, many projects left the EOS blockchain, including the DeFi Effect Network, which migrated to the Binance Smart Chain in March due to the uncertain future of EOS.