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Title: EOS BP DEV's way of enriching themselves? Post by: serjent05 on May 24, 2019, 06:16:51 AM From the article EOS BP EXPLAINED (https://cointelegraph.com/explained/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.
https://i.imgur.com/hk2Gpjd.png As far as we know EOS had a successful ICO that sold around $4,197,956,135 value of token (https://icobench.com/ico/eos). 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. |
