EOS Community Contemplates Rejecting Inadequate Settlement from Block.one

EOS Community Contemplates Rejecting Inadequate Settlement from Block.one



With the approaching deadline to decide whether to decline the existing $22 million settlement with Block.one (B1), the company responsible for the initial $4 billion ICO of EOS in 2018, the EOS Network Foundation (ENF) has advised its members to thoughtfully assess their choices.



The ENF contends that the current settlement might not adequately recompense community members for their losses arising from B1’s alleged "misrepresentations and wrongful actions."



A minute fraction for reimbursementAs of August 8, the ENF highlighted that B1 had only disbursed $22 million out of the $4 billion raised, which encompassed an undelivered commitment of $1 billion for the EOS Network and its community.



The ENF clarifies that those who accept the settlement could be barred from pursuing future legal recourse against B1 and its f


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#Adoption, #BlockOne, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #EOS, #News

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