This point does not concerns the actual EOS tokens but the one we will hold once EOS will be launched on June the third. You have to register your EOS keys!
Once EOS will be launched, there will be multiple chains projects inside EOS. Anybody can start a chain. As EOS holder, you will have to vote for the chain(s) project(s) you believe into.
As I understand there explanation, a new chain will be allowed to be launched if minimum 15 % of the total amount of EOS = 150'000'000 are voting for (1 token = 1 vote) this is the consensus in that precise situation, then only, people will be allowed to start a new chain, transfer there tokens inside the new chain and developers of apps start building inside. To host an application inside a chain will immobilize some tokens which will be freed once the app is taken away.
Did I miss-understood ?
Have an nice Sunday!
Thierry
Very good analysis in my opinion. That's kind of how I read it too. I've also seen the question posted about how the actual voting will be done. Do you have any insight as to how that will possibly happen?
The very best place to find some fresh and first-hand informations is very probably :
EOS Go - Blockchain Launch Community
I guess that voting will be done probably the same way we are doing it on steemit for the witnesses. I still have to check that point.
Really appreciate all the extremely well informed comments you've posted in this thread.
We all owe you a big "thanks!"
i I agree. Your comments have helped me a lot. Mahalo
You started a great talk and synergy with that post ! I thank you as well, I'm following your channel since now! Thank you for your upvotes!
T.
Anyone who holds tokens on a blockchain integrated in the EOS software can select the block producers through a continuous approval voting system. Anyone can participate in the block producer election and they will be given an opportunity to produce blocks proportional to the total votes they receive relative to all other producers
I understand that to apply once an EOS blockchain is put into use, but would not be aplicable to the voting required for previous approval by at least 15% of holders. How will voting be carried out in the approval phase, prior to genesis block creation?
Please take a look at my comment below..It will help you..
Hadn't seen that. Clearly explained and easily understood!