Daniel Larimer (alias BM), the co-founder of EOS blockchain development company Block.one, resigned from the company’s chief technical officer (CTO) on December 31 last year. EOS platform tokens fell all the way to below $3 and lost blood in five hours 21 %. Larry Moore said that he will work hard for people's freedom in the future.
BM was an entrepreneur with technical expertise before he founded the company with Block.one CEO Brendan Blumer in 2017. He established the decentralized exchange BitShares with Ethereum co-founder Charles Hoskinson in 2013, and then established the Steem blockchain in 2016. And Block.one completed the largest initial coin offering (ICO) in history in 2018, raising more than 4 billion U.S. dollars. Larimer also said last month that the company sits on more than 140,000 BTC as reserve assets, with a current value of approximately US$5.1 billion.
EOS plunged 21% after hearing the news
After Larimer issued a statement, $ EOS plummeted from 3.61 U.S. dollars, coupled with the downward pressure of BTC, EOS reached a minimum of 2.85 U.S. dollars within five hours, a decline of 21%; since yesterday afternoon’s high of 3.922 U.S. dollars, the decline is even as high 27.3%.
And the current decline has not stopped, and the EOS price was reported at $2.9 before the deadline.
Bityard Complex Contract, Simple Trade
