Yves La Rose, CEO of the EOS Network Foundation, has published an open letter asking for measures to be taken that will enable Blockone (B1) to honor its $1 billion investment commitment in the EOS network.
The first option in the letter is to take legal action against Blockone for not fulfilling its investment commitment; As a second option, there is a hard fork that will disable EOS tokens owned by Blockone, including the cryptocurrency trading platform Bullish.
Yves La Rose, in his statement on Twitter, said as the first option:
“Option #1: Take legal action against B1 for not keeping his promises.
If enough token holders wish to make a legal claim, the EOS Foundation is ready to help bring together EOS token holders to file a claim against B1.
There is an existing class action lawsuit against B1 for their ICO, but that's not the point of this lawsuit.
A class action lawsuit will be filed for B1's failure to keep its promise to invest in the EOS ecosystem.”
The #EOS Network remains the most compelling utility token network in the space. Taking steps to hold @B1 to its promises of investment in EOS Network will only improve EOS Network’s position and the long term value that it can bring to its participants.https://t.co/84ZmVmgv8q
— Yves La Rose (@BigBeardSamurai) May 20, 2023
The CEO explained the possibility of a hard fork as follows:
“Option #2: Hard Fork
Block Producers may consider hard forking to exclude B1 tokens, including Bullish, from participation in EOS token trading.
This will break all ties between EOS and B1, increase trust in the network and reduce the EOS token supply.
The EOS Network remains the most attractive service token network in the crypto space.
Taking steps to deliver on B1's investment promises in EOS will improve the position and long-term value of EOS Network.”
*Not investment advice.
