Statement on Block Producers

Block.one is hard at work and nearing completion of the first live release of the EOSIO open source software.

The EOSIO software facilitates a fair and transparent block producer (BP) election process utilizing a democratic delegated proof of stake (DPoS) consensus. Block.one has no plans to be a BP on any EOSIO public blockchain derived from the EOS ERC-20 token distribution.

It is possible a number of blockchains developed by different segments of the community may implement the EOSIO platform.

In order for a successful implementation of EOSIO to occur, a corps of initial BPs must form and adopt the platform. Initial BPs may not last because EOSIO is designed to allow for replacement of BPs by community vote.

Block.one and EOS VC funds do not provide investment funding to any BP and have no plans to do so in the future. Further, Block.one does not plan to hire BPs as consultants or independent contractors, nor does it allow its management, or employees serve as a BP or as an advisor to any BP.

Block.one is committed to upholding the principles articulated above and will use reasonable efforts to follow and enforce them. Occasionally, situations may arise where individuals or groups fail to disclose information, are dishonest or otherwise take actions that cause violations of these principles without the company’s knowledge. Block.one cannot assume responsibility for these situations, but once known to Block.one, the company will take steps to investigate and seek to resolve the issue in a timely manner, including, when necessary or appropriate, enforcement of contract rights and related disciplinary action.

Block.one appreciates the cooperation of the community to help keep the commitments outlined above. Should you become aware of any entities claiming or alluding to a relationship with Block.one in violation of these principles, please contact us at support@block.one

Disclaimer

Block.one is a software company and is producing the EOS.IO software as free, open source software. This software may, among other things, enable those who deploy it to launch a blockchain or decentralized applications with various features. For more information, please visit github.com/EOSIO. Block.one does not knowingly provide financial support to anyone seeking to become a block producer on any version of the EOS.IO platform that may be adopted or implemented.

Block.one will not be launching a public blockchain based on the EOS.IO software. It will be the sole responsibility of third parties, the community and/or those who wish to become block producers to adopt and implement EOS.IO in the manner they choose, with the features they choose and/or providing the services as they choose. Block.one does not guarantee that anyone will adopt or implement such features or provide such services or that the EOS.IO software will be adopted and implemented in any way.

If Block.one is given tokens by a community, it reserves the right to exercise all rights associated with such tokens.

Please note that this document is an expression of Block.one’s vision, not a guarantee of anything. While we will try to make that vision come true, all aspects of it are subject to change in all respects in Block.one’s sole discretion. We call this “forward looking statements”, which includes all statements in this document, other than statements of historical facts, such as statements regarding Block.one’s business strategy, plans, prospects, developments and objectives. These statements are only predictions and reflect Block.one’s current beliefs and expectations with respect to future events and are based on assumptions and are subject to risk, uncertainties and change at any time. We operate in a rapidly changing environment. New risks emerge from time to time. Given these risks and uncertainties, you are cautioned not to rely on these forward-looking statements. Actual results, performance or events may differ materially from those contained in the forward-looking statements. Some of the factors that could cause actual results, performance or events to differ materially from the forward-looking statements include, without limitation: market volatility; continued availability of capital, financing and personnel; product acceptance; the commercial success of any new products or technologies; competition; government regulation and laws; and general economic, market or business conditions. Any forward-looking statement made by Block.one speaks only as of the date on which it is made and Block.one is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, subsequent events or otherwise.

The statements herein do not constitute technology, financial, investment, legal or other advice, nor do they apply to any particular situation or implementation. Please consult with experts in appropriate areas before implementing or utilizing anything contained in this document.