B1 had a 10 year vesting schedule on 100M EOS. Vesting

Question

B1 had a 10 year vesting schedule on 100M EOS. Vesting

is a specific term with a commonly understood definition; i.e., do this, then you receive that. Stop doing, stop vesting.

B1 is looking to sell 45M EOS to Brock Pierce to launch Helios, "the EOS VC that should have been." (Paraphrase of Brock)

The community is debating while the ENF and BPs are negotiating this sell of unvested tokens. Some say they didn't vest, so they're not owned by B1 and they should not be able to sell and profit off unowned/earned assets.

Brock's Helios is buying the rights to continue the vesting process. Not many disagree that those tokens are in better hands with Brock, but the crux of the issue is they were not vested/earned/owned by B1 to sell in the first place.

So now we're looking into squaring B1's protion of the deal. Those tokens were to vest in return for something; many believed this as code maintenance and perhaps the original intent of EOS VC to fund EOS-based projects as it's literally in the name.

If B1 isn't going to maintain the code for EOS and they're not going to invest in EOS-based projects, then how do they earn the rights to those unvested tokens so they can justly sell them to Brock? That's where the negotiations were last.

https://github.com/EOSIO/eosio.contracts/blob/master/contracts/eosio.system/src/delegate_bandwidth.cpp#L161

#blockchain #cryptocurrency #english #eos

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19.11.2021

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Ben McLean · Accepted Answer

Ben McLean

My point is that Helios can continue and that the verbal contract of $ 1 B to EOS be made to ENF minus agreed expenditure to date.

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19.11.2021

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B1 had a 10 year vesting schedule on 100M EOS. Vesting

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