Last week, the community was intrigued by Block.One’s promise to make a major announcement on June 1. Ahead of that, the EOS quotes on CoinMarketCap surged.
The rise continued on June 1, when EOS showed a rise by 12 percent.
Block.One to let everyone’s ‘Voice’ be heard
The social media app to be launched on EOSIO will be dubbed Voice and it will be completely decentralized. As the Block.One CEO described it, it will enable users to keep control over their content and earn resources on it.
Presently, he said at the presentation, it is social media that gain profits and not the users who make content for them. Voice is going to adjust the situation and let users earn the local Voice token, EOS-based.
Users then will be able to use their Voice coins to promote their posts. On this platform, users who want to get their message read by a big number of people will not need to have thousands of friends – they will be able to promote their content.
EOS market stance at the moment
At press time, though, EOS has been sliding as much as slightly over 6 percent, in spite of Saturday’s news. All the top ten coins have been following Bitcoin’s price going down, apart from XRP and Bitcoin SV.