EOS [EOS] prices hike amid Blumer’s voter rebate proposal
EOS [EOS] is seeing a significant hike in prices after Brendan Blumer, CEO of Block.one proposed “vote rebate” to address the EOS vote-buying scandal. The prices rallied over 10% yesterday to reach $2.9 but failed to touch $3. EOS stands among the top gainers today as the coin is gaining over 6% against USD.
EOS prices are trading with bullish momentum. A healthy buyer pressure can be noted in the market looking at the RSI. MACD levels show that the coin is trading in the bullish zone. The 100 EMA line trading at $2.75 is indicating an uptrend. The cryptocurrency is eyeing the $3 handle. The prices are trying to break out from the current resistance level found at $2.91. The digital asset is currently trading at $2.85 and is rising against USD by 6.7%.
Blumer took to Twitter on New Year’s day to propose vote rebate. He said that EOS should change its constitution to enable block producers to pay dividends to the users. He added that this would also give more value to the token holders who provide to block producer’s stake.
The #EOS community should consider the introduction of voter rebates from BP candidates to introduce free market pricing to block production, drive more value back to token holders, and increase voter turnout. Unenforceable rules only hurt the compliant.
— BrendanBlumer (@BrendanBlumer) January 1, 2019
The proposal could solve the troubles created by the vote-buying scandal including centralization fears of the community. Voter rebate could be possible in the future is it gets required consensus from the community. Voter rebates have the potential to increase the value of the coin as well as its adoption rate.
The EOS vote-buying scandal erupted as Starteos, an EOS BP, announced that it will share the proceedings obtained from the EOS wallet with the community. The token holders were assured a stable revenue under the condition that they vote Starteos as a proxy. This open offer ignited a dispute among the community. Many accused the BP of vote buying. This incident also triggered a decentralization dispute among the community.
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