Ethereum
$89.86 -1.73%
ETH · 27w

"Less Than 1% of EOS Addresses Hold 86% of the Tokens" (this is like if the Ripple XRP distribution & the DASH pre-mine had a baby 💩)

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month.

The year-long EOS initial coin offering (ICO) wrapped up last week, and after raising approximately $4 billion Block.one fulfilled its promise to release EOSIO 1.0, the first (and Block.one’s only) version of the EOS mainnet software.

Since Block.one will not be participating in the mainnet launch, a variety of other launch groups have taken blockchain snapshots in preparation for distributing EOS tokens purchased during the crowdsale phase to their owners in the network’s Genesis block.

Using these snapshots, a Reddit user compiled data about wealth distribution within the nascent EOS ecosystem. We’ll dive into the data, but first, an important caveat.

Due to the complexity of registering tokens through the crowdsale interface, many EOS investors chose to move their tokens to cryptocurrency exchanges prior to the snapshot to ensure that they received coins on the new chain. Consequently, many of the largest addresses belong to exchanges, most likely to an even greater extent than most other cryptocurrencies. Additionally, individuals may have registered tokens to multiple addresses.

With that important qualification, here’s how wealth will be distributed among addresses (but not necessarily users) when a mainnet launches:

The network will launch with 163,930 registered EOS addresses, all of which will hold a positive balance. For comparison, there are currently more than 22 million bitcoin addresses with a positive balance, according to BitcoinPrivacy.

The 10 wealthiest EOS addresses hold 496,735,539 tokens or 49.67 percent of the total supply. To make it into this group one would need to have 20,675,047 tokens, worth more than $280 million at the current exchange rate.

At least 100 million tokens ($1.4 billion) are held by Block.one, constituting 10 percent of the cryptocurrency’s total supply. The...

Continue on ccn.com
Recent news
ETH -1.73% · medium.com · 2h

A grand list of the Top Ethereum Games

Whether you’re looking for an Ethereum based MMO, Card Game, RPG, or Collectible this list has it all. Each kitty has a unique genome that defines its appearance and traits. You can breed your…
ETH -1.73% · twitter.com · 6h

MrYukonC on Twitter: "@CFTC & @giancarloCFTC should be wary of blatant (and subtle) attempts like this (see tweet) to sabotage public comments and the narrative surrounding ETH. If you want questions answered, you have direct access to the founders @VitalikButerin, @ethereumJoseph, etc."

@CFTC & @giancarloCFTC should be wary of blatant (and subtle) attempts like this: https://t.co/LAAg8y7xsd to sabotage public comments and the narrative surrounding #ETH. If you want questions answ...
ETH -1.73% · medium.com · 18h

The Bloomberg Terminal of Crypto

This is an Avocado Terminal screen giving us live cryptocurrency prices, while showing us S&P 500 index data, meanwhile tracking local times around the world and tracking satellites spinning around…
22