Fellow EOS and Steem holders - lend me your ears!
As you will have noticed from this Knight's previous post - EOS is up 40% today!
The move has stemmed from an announcement by an organisation called eosDAC, which revealed that it will be air-dropping its eosDac tokens, 1 for 1, to all current EOS token holders, owning over 100 tokens. This eosDAC drop is scheduled to take place on 15 April, for those holding on this day - which will be this Knight for sure.
You can get more information here.
This is excellent news!
Firstly, eosDAC purports that it will be a Community-owned block producer for the EOS blockchain, when it goes live in June. Block producers stand to make terrific revenues running the network, just as the Bitcoin miners and perhaps steem witnesses do depending on price. As some of us here are early investors in the EOS blockchain, we have now been rewarded with a stake in one of the block producers, which in turn will create an income stream for us.
Secondly, this marketing strategy by eosDAC is pure brilliance. By giving away 75% of their equity they have guaranteed themselves an elected position in the Top 20 block producers. Just reiterating, EOS will be a democratically run blockchain where block producers work together. This is part of the reason for its incredible efficiency (think hundreds of thousands, into millions of transactions per second) verse the Bitcoin (7 transactions per second) and Ethereum (12 transactions per second) networks where block producers all compete against one-another to produce blocks. In the case of EOS, only the 20 top block producers are paid - so they need to win community support to be voted in.
Thirdly, eosDAC have just set a new precedent for all other want-to-be block producers. So this Knight believes that this will be first of a number of airdrops to current EOS token holders so as to guarantee themselves a position in the Top 20.
EOS has now moved to the 5th largest blockchain by market capitalisation. We have just over taken Litecoin, a blockchain once considered the superior and replacement for the Bitcoin transaction network.
Steem is up 10% overnight too - this Knight has noticed a tendency for the Steem price to follow EOS, potentially due to their shared history. More importantly though - Steem is now up to 937,000 user accounts and seems to be getting positive press daily.
Have a great day fellow Steemians!
Airdrop chart below and can be found here.
