EIDOS creates a new chain and is referred to as a "model"
蜂巢财经News
2019-11-29 06:48
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"Avocado" has died at the hands of the founder. What to believe in you is a question.

Editor's Note: This article comes fromHoneycomb Finance News (ID: fengchao-caijing), Author: Kyle, reproduced by Odaily with authorization.

Editor's Note: This article comes from

Honeycomb Finance News (ID: fengchao-caijing)

Honeycomb Finance News (ID: fengchao-caijing)

, Author: Kyle, reproduced by Odaily with authorization.

EIDOS released a new chain, which inevitably reminds people of its founder Aiden Pearce's last project - Enumivo (ENU), the Chinese flower name is "Avocado". The project is known as the "First Airdrop Coin" and is also a sister chain of EOS. But in August of this year, the AP announced its own death.


Today, AP is making a comeback with YAS, which means recreating an "avocado". However, some people think that starting YAS in the form of exchanging EIDOS for YAS is just a gimmick to provide "pseudo-value" to EIDOS.


Previously, EIDOS also claimed to be a decentralized exchange, but as of November 28, EIDOS only submitted the code once on Github on the day it came out, and there was no update for the next 27 days.

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EIDOS plans to "airdrop" to create a new chain

It has been almost a month since the launch of EIDOS, and the game of "transfer is mining" has gradually cooled down. On November 28, the story of EIDOS continued.

3 days ago, EIDOS announced the "chain issuance" plan to build the YAS network by transferring EIDOS to mine YAS. YAS will be created based on the latest version of EOSIO. Like Enumivo "Avocado", it is a sister chain of EOS.

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EIDOS plans to issue the YAS public chain

The previous announcement shows that the EIDOS team will deploy a smart contract. Users send EIDOS to the contract, and can exchange YAS Token 1:1. After issuing 100 million YAS, the exchange will be terminated. Before that, users can "return" YAS at any time to get back the same amount of EIDOS.

On the 28th, the updated announcement officially announced the above-mentioned smart contract, and the nodes for the new network launch were set when 90 million YAS were issued. If the amount of YAS produced is less than 90 million by June 2020, it will be deemed a failure to start, and the EIDOS transferred to the YAS contract will be destroyed.

The startup method of YAS is quite "EIDOS characteristic". At the beginning, the latter also went to the market through the method of "users transfer EOS to get airdrops", but EOS will be returned in equal amounts, not a "purchase" certificate, but more like an "exercise" certificate for airdrops.

"YAS adopts a typical EOS side chain cross-chain mechanism." The EOS community KOL "star master" explained the YAS rules. Get the YAS account with the same account name on the mainnet, and distribute it according to the snapshot to get a new Token.

The EIDOS team emphasized that before the YAS mainnet goes live, it will be launched in a centralized manner, and it will be officially released after the operation is stable. Before that, the team reserves the right to suspend the activation of YAS, withdraw coins, and cancel the freeze of Token.

It is worth mentioning that, according to the calculation of the currency holding address of the EIDOS team, as of 11:30 on November 28, the current total circulation of EIDOS is about 57.92 million pieces. 90 million is still early, that is, the main network launch time of YAS will not come soon.

In the view of "Star Master", the second use of EIDOS is to build the YAS network in the form of "exchange". He believes that the usage scenarios of EIDOS have been enriched, "but investors should make a trade-off before converting EIDOS, which has an existing consensus basis, to YAS."

Judging from market feedback, although YAS is still in the conception stage, EIDOS has already heard the news.

As the "new work" of founder Aiden Pearce (hereinafter referred to as AP), EIDOS seems to be following the old path of ENU. ENU was personally killed by AP in August this year. At that time, he said that at least 6 of the 21 super nodes in the Enumivo network belonged to the same person, which was very unsafe, and declared that the project was dead.


Immediately, ENU plummeted, and the current price is 0.00071 US dollars, a drop of 92.89% within the year, and the holders are full of criticism.

"This is another attempt, and we are trying our best to do it." Once upon a time, ENU was also called "the poor man's version of EOS."

The code has not been updated for 27 days, and the motivation has been questioned

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Perhaps aware of the lack of value support, on November 3, the EIDOS team announced the launch of the decentralized exchange CODEX, saying that EIDOS can be traded with Tokens listed on the exchange. On the 25th, the project team began to deploy YAS linked to EIDOS to empower EIDOS.

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However, looking at the Github code base of EIDOS found that the project only submitted the code once on the day it was launched on November 1. Until the 28th, the number of code submissions still stayed here and had not been updated for 27 days. Someone questioned, "EIDOS has no technical team at all, and the release of CODEX and YAS news is just to use the expected benefits to provide 'pseudo-value'."

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Github shows that the EIDOS code base has not been updated for 27 days

You should know that ENU also released DEX, but it came to nothing.

The self-media "Paoding Jiebi" believes that EIDOS is just an empty project, and the main purpose of being a DEX is to give EIDOS a little bit of value support, so that the project party can issue all the coins.

According to the data, the total issuance of EIDOS is 1 billion, of which 800 million are sent to users through airdrops, and 200 million are owned by the team. 25 EIDOS are generated per second, 20 enter the airdrop pool, 5 are sent to the team account, and the distribution is completed in about 15 months.

Some users believe that the prerequisite for the launch of YAS is that the market will take out at least 90 million EIDOS to exchange for YAS, and this part of EIDOS will be permanently frozen, which means that the number of EIDOS in the market will decrease and the proportion of the team's holdings will increase. "User mining has resource costs. It seems that the free coins obtained by airdrops, because the CPU price of EOS has skyrocketed, the cost has also surged. Once the team ships a large amount, EIDOS will plummet like ENU." There is a widely circulated conjecture: the main purpose of the EIDOS team is to "destroy" the EOS network. Since the emergence of EIDOS mining, the EOS network has continued to be in a state of congestion. On November 28, the data service provider DappTotal showed that the EOS congestion index was 100, and the congestion level was at its peak for 28 consecutive days.

The "culprit" of the congestion is EIDOS. Many users use mining software to transfer small amounts of money continuously to obtain EIDOS. As a result, users who actually use DApps need to queue up in the network.

A person in the EOS ecological project said that the launch of YAS also requires the exchange of EIDOS and YAS on the EOS network, which may aggravate this congestion.

In the announcement, EIDOS showed its desire to continue the "Avocado" story, but the embarrassing performance of not submitting the code on Github for 27 days is attracting more and more doubts.

"Poor man's version of EOS" obsession or routine

The outside world has mixed opinions on EIDOS. Judging from EIDOS’ external voice, this second-generation project of “Avocado” is very persistent in establishing a “poor man’s version of EOS”.

Last year, shortly after ENU was released, AP announced the whole picture of his public chain plan in an interview.

“I plan to build a stronger community, develop some applications based on Enumivo, and involve community members and supporters. In the next two years, I plan to find a more stable and faster blockchain. If allowed, I also intend to port all successful large-scale EOS projects to Enumivo. Projects initiated by community members, if they are voted by the community, we will raise funds for them and seek the well-being of everyone.”

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AP had high hopes for Enumivo

Later, ENU died. Today, AP is sent to YAS again. In the eyes of the KOL "star master" in the EOS community, AP is an entrepreneur with blockchain feelings. "The Enumivo chain was fine at that time, but it was monopolized by super nodes. He hoped to be more fair."

According to the team's description of YAS, this public chain will have the following characteristics: the underlying layer will continue to track the latest version of EOS code; BP (witness nodes on the main network) vote with a one-vote-one-vote mechanism; RAM (memory) will not expand; The inflation rate is 2%. Some of these features have been changed on the basis of EOS.

The decentralized exchange Newdex told Honeycomb Finance that although YAS is called the "sister chain" of EOS, the two are actually independent of each other. YAS is equivalent to recreating a public chain with EOS code, and the accounts between the two public chains Unable to transfer money.

Compared with EOS's current BP's "1 vote 30 votes", YAS has adopted a "1 vote 1 vote" mechanism. Newdex believes that the "one vote, one vote" mechanism of YAS means that nodes with larger currency holdings have more power to speak, which may eventually lead to more "centralization". In addition, the non-expansion of RAM means that the value of RAM will be more stable.

Currently, YAS is only a preliminary idea of ​​the EIDOS team. In Newdex's view, one of the limitations of YAS is that it relies too much on EOS code, inherits almost all the attributes of EOS, and is not innovative enough. "But it also has its own advantages. The cost of using resources is relatively cheap, which is suitable for some DApp developers who have requirements on resource costs."

In the market, sister chains developed based on EOS are not uncommon, including EOS Force and BOS side chains. However, at present, the development of these "sister chains" is not satisfactory.

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