It should be noted that EOS, one of the largest cryptocurrencies in space, has reached the largest sale of ICO in the world, about $ 4 billion. It took place in May 2017. The founder talked about what the company plans to do with the funds raised.
Brendan said:
“… look how the chips networks have been distributed in the past, it was mainly through the consumption of electricity to create these tokens, and the theory behind our symbolic sale was the capital normally used to take chips and then create forward the developers who generate the next generation of innovations. “
He continued talking about his $ 1 billion EOS VC fund. He said that they are investing these billions of dollars with their partners around the world to hand them over to the advocates to see the outcome of this kind of “Capital Innovation Show”.
In addition, the founder has set a common roadmap with his investors. He went on to say:
“The first billion in the capital in the United States. We see that most is designed to use this investment in the developers to use the EOSio application. Yes, the first engagement of one billion is what we made public. “
In addition, Brendan confirmed that Peter Thiel and Jihan Wu, the founders of Bitmain, are investors in the company. He also stated that today’s blockchain technology breaks through some of the largest centralized technology platforms. He added that Jihan Wu and Peter Thiel are leading in space. More information would be released about their project by the end of this year or in the first quarter of 2019.
In addition, the CEO of Block.one talked about the IPO of Bitmain:
“Their companies are a little different from ours, they are hardware manufacturers, they are in Hong Kong, and I think it’s the kind of seriousness that shows through Hong Kong in the industry, establishing numerous market leaders that are very free financial markets, many ideologies that are identical to Blockchain, so we are big proponents of the project, but the business models are very different. “
