EOS project suspected high cash 3 billion, CEO: if it is too transparent, will lose the competitive advantage

 EOS project suspected high cash 3 billion, CEO: if it is too transparent, will lose the competitive advantage

Recently, EOS BlockOne’s parent company CEO Brendan told Bloomberg interview, admitted that the EOS project of the high cash raised to $4 billion in the most.

(click to watch the video interview)

During the interview, Brendan said they raised $4 billion for Ethernet coins, in order to be conservative, they will be the 4 billion most converted into currency management.

The reporter asked whether the holder and other relevant people know you do this on encryption assets? How do they see you were such a deal of assets?

He did not answer this question, but said: “if further you will see us $1 billion for EOS VC, mainly used for investment projects based on EOS protocol.”

The reporter then asked, what about the other 3 billion? Is not already spent some? Or say to developers?

Brendan is here to answer some ready to accept either course, and some muttered: “if we keep too high transparency, will let us lose a lot of competitive advantage.”

 EOS project suspected high cash 30 billion, CEO: if too transparent, will lose the competitive advantage

 EOS project suspected high cash 3 billion, CEO: if it is too transparent, will lose the competitive advantage

The money in the end, used to go, neither official explained, no independent third party audit.

According to the new currency, the public No. (ID:underno) reported that billions of dollars in cash EOS contributors but also 170, 9514 times the number of submitted code.

 EOS project suspected high cash 3 billion, CEO: if it is too transparent, will lose the competitive advantage A number of community and fans of EOS in addition to BTC may be the most, but the vast majority of the community users are not aware of, if there is no supervision and audit, will be difficult to prevent invalid team cash money after spending.

Not to disclose the use of funds of more means to know what time the supporters to raise funds will burn… Of course EOS raised funds should be enough to burn for a long time… After all, not every project can do in high cash.

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