EOS Stalls as Chaotic Launch Fails to Meet Vote Target

The highly anticipated launch of the EOS mainnet has resulted in a chaotic stall, with less than 7% EOS tokens staked and used to vote.

As the EOS block producer voting process requires 15% of all tokens to be used for voting before the launch process is complete, the launch is subject to an indefinite delay - shaking market confidence in the project.

The EOS mainnet launch was officially announced on June 10, with EOS block producer candidates coming together to deliver a unanimous 'yes' to launching the mainnet.

The complex launch process has run into a roadblock - EOS token holders are not contributing to the voting process, which is essential to the establishment of the new EOS blockchain.

Before the EOS mainnet can go live, 150,000 EOS tokens - 15% of all EOS tokens -must participate in a vote to elect 21 block producers.

The delay in voting response is partly due to the relatively complex method used to submit votes - Block One, the creator of the EOS project, has left the development of a voting tool to the EOS community, causing a significant amount of confusion.

There are several tutorials available to EOS token holders explaining how to vote with a range of different tools, including the EOS Portal and Scatter, EOSC, EOS-Voter, and Tokenika.

Despite the slow response in voting time, EOS community members are confident that the launch will go ahead once 15% of tokens have cast their votes.

"EOS is a truly decentralised platform and the community is eagerly waiting for the chain to get activated. We are currently at over 6% votes and need 15% for chain activation. We saw EOS registrations take a long time but eventually we got over 98.8% manual registration!".

A conclusion to the voting process could potentially see the value of EOS recover amidst the current bearish market run, but this relies on the EOS community coming together.