ICO Review of Evolution: EOS known as an upgraded and evolved version

The evolution project is based on EOS and is intended to correct flaws in the EOS ecosystem.

Evolution itself is a blockchain project, and it will not bind EOS in any way other than the code and community that uses EOS.

1. Introduction

EOS is operated by 21 powerful supernodes that will always be elected or removed by the EOS community.

Evolution believes that these 21 supernodes can make concessions to each other and concentrate.

Evolution also argues that true decentralization of eOS means a realignment of voting rights and ownership.

Evolution plans to solve this problem by expanding the number of supernodes to around 100.

EOS allows exchanges to apply to become supernodes. This allows exchanges to use consumers' tokens to vote for themselves without permission.

Two large Bitcoin exchanges, Bitfinex and Huobi.

They will hold large amounts of EOS tokens to help themselves run their own businesses.

This means that these two exchanges will have a huge amount of voting power, and no one can surpass these two in the supernode election vote.

Daniel Larimer's bitshare allegedly has the same problem.

eOS does not allow decentralized application developers to vote unless they (CPU, bandwidth, RAM, eOS memory) meet the regulatory requirements.

Evolution sees this as a huge flaw and is trying to make a change.

In short, the differences between evolution and EOS are as follows:

Decentralized application developers can vote.

Supernodes can't vote for themselves or control how much they make.

Prevent major shareholders with large holdings from manipulating the voting pool.　

Increase the number of supernodes from 21 to around 100.

2. Tokens

The evo token is designed to guarantee fairness in the voting of block producers.　

Evolution is based on the DPOS consensus algorithm proposed by EOS, so Evolution will pay tribute to the EOS community by airborne tokens, with the aim of distributing tokens to the community on average.

In order to ensure an even distribution among EOS early and late users, there will be three ways to accept airdrops: initial airdrops, scale airdrops, and community airdrops.

Initial airdrop: May 10th, airdrop at a ratio of 1:1 per eos coin.

EOS coins held by users must be registered on eos.io and stored in Ethereum-compatible wallets, such as myetherwallet, metamask, etc.

Large-scale airdrop: The time is June, together with the EOS final coin issuance snapshot (the specific time has not yet been determined), and the airdrop is carried out in the ratio of 1:1 per EOS coin.

Community Airdrop: Ongoing, additionally allocated to those who want to join the community and help it scale up.

When it comes to airdrops, it's important that users simply follow the official guidance provided by the evolution team.

There are a lot of scammers out there right now, and evolution won't ask you for your private key or ask you to transfer money.

For wallet users who register after May 4, a minimum of 25 eos and an eth of at least 0.025 eths are required for wallet verification.

In the coming months, 5 billion tokens will be airdropped to the EOS community at the following rates:

Community airdrops account for 15%

Initial airdrops accounted for 17%

Scale airdrops account for 35%

The proportion of community airdrop allocation is as follows:

15% is allocated to decentralized applications – as an incubator for the development of new decentralized applications

5% is allocated to block producers – as an existing or future BP community voting fund

2.5% for arbitration fees – to help resolve disputes

10% is allocated to the evolution core team – the team will enjoy a dividend for 10 years, up 10% per year.

3. Team

There are currently only 3 members of the evo team.

All three members are men and work for the socketminer webassembly toolkit.

This is a browser-based online mining company that specializes in monero.

According to the token distribution scheme, 10% of evo coins will belong to the team, which is scary to think about.

On evo's telegram, someone asked about the team's lack of transparency and low membership.

The person in charge explains: "The team is still evolving, and in the future evolution will be an open source project, so the team is expected to expand to a large scale." The team will not take any tokens until the average distribution lasts for 10 years each year. ”

4. Prospects

Evolution is completely confidential, there is little relevant information, and the project is likely to fail.

In fact, it is unknown whether the project can continue to succeed after the release of the EOS mainnet.

However, the project is free for EOS holders, and with a little effort to participate in their community airdrop projects.

Users can roam freely in the ocean of evo coins.

If this time is the same as the last EOS airdrop, eosdac, then evo will be listed on idex or other decentralized exchanges in late May. It was also a windfall.

5. Risks

Compared to other projects, the evolution community is almost insignificant.

There are currently only 600 telegram members and 110 Twitter followers.

This is also the result of a large-scale community airdrop campaign.

While people love free tokens, people certainly haven't heard much about the project yet. The market strategy is not good.

A total of 5 billion tokens, all of which were airdropped, looked a bit overheated.

The team is still in its early stages, but neither transparent nor a real plan, and it looks like they lack a work ethic.

Medium this article was written by EOS management expert Thomas Cox.

The article analyzes in detail the situation at the beginning of the creation of EOS, which seems complicated.

And Evolution hasn't even listed bp yet, and isn't ready at all.

6. Opportunities

The Decentralized Application Developers Fund allows eos evolution to provide financial assistance to thousands of commercial decentralized applications.　

The project will use the EOS architecture.

7. Summary

The evolution project is aptly named. At the moment it looks like a single-celled living organism.

An amateur project is just an idea.

Now, it takes the community and team to help it evolve into an operational blockchain.

Based on the facts at the moment, we give Opiria an overall score of 4 out of 10.