As great as the expectation is, as great is the disappointment. This sentence could not be more suitable for EOS.

EOS has been dubbed the title of "Blockchain 3.0" and "Ethereum Terminator". If you haven't held EOS, you are ashamed to say that you are in the currency circle. On June 2 this year, Brendan Blumer tweeted to celebrate the second anniversary of EOS, and the market reaction was mediocre, even dismal. The price of the currency tells everything, EOS is falling to the bottom.

Spinach public chain, resource congestion, DAPP fleeing, centralized governance, before there was Ethereum 2.0, and later there was Tron 4.0 coveted, Ethereum has a huge DeFi ecosystem, Tron has Sun Yuchen who loves to make trouble, EOS seems to have no more Shot something. Voice CEO Salah Zalatimo said in a post that on July 4th, Voice will be open to users all over the world for free.

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A "social empire" built with hundreds of millions of dollars

What is Voice? To put it simply, the blockchain version of Twitter or Weibo has added a Token incentive mechanism (not EOS tokens, but a separate new currency based on the EOS main network), and we can see whose voices are based on users' likes and comments. It is more recommended, and the voices recognized by more users can get more Tokens. It is easy to understand the incentive model directly by referring to Steemit or Bihu.

How much did Voice cost?

The first is the huge fine in October last year. The US Securities and Exchange Commission (SEC) announced a settlement with the blockchain company Block.one (the parent company of EOS). The condition of the settlement is that Block.one needs to pay a fine of 24 million US dollars. Block.one agreed to the deal, getting compliance ready for EOS and the upcoming VOICE.

To deploy and promote Voice, Block.one spent $30 million just to purchase the Voice.com domain name. We also purchased 3.3 million EOS RAM resources, which will be used to create accounts for Voice users, which will solve the problem for all RAM speculators.

In March, Block.one said it would invest $150 million in blockchain social app Voice to support its independent operations.

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Lessons Learned: Steemit

The release of Voice is naturally reminiscent of Steemit, BM's last project. Steemit once reached the top three in terms of market value. Domestic incentive content platforms such as Bihu actually borrowed from Steemit. Although Steemit has fallen from the altar, in a certain sense Steemit is very successful. If Voice can repeat the grand occasion of Steemit, it will be a shot in the arm for EOS, which is currently at a low ebb.

There is no essential difference between Voice and Steemit in terms of model, but it has a smarter token economy (similar to FOMO), stricter fake account filters, and better development teams and communities to build and evolve Voice products. All in all, Voice is actually an optimized and upgraded version of Steemit.

The most important point is that the environment that Voice is currently facing is much better than when Steemit was born. The user base in the entire encrypted world is larger than before. The most important thing is that Voice is not short of money, because behind it is a rich man Block .one.

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Can Voice reverse the defeat of EOS?

Market size:

Block.one has planned to invest 150 million US dollars to support Voice. According to the customer acquisition cost of the Internet, a KYC user costs 100 yuan, and Voice can easily reach a million users. And Voice registered users will receive a free EOS mainnet account, and the scale of this account has exceeded one million.

Market heat:

The resources of Block.one are very scary. Steemit has attracted many users in the technical and geek circles. The most important thing is whether Voice can attract a larger user circle, such as celebrities and KOLs. From the initial point of view, the influence of EOS is still there. It is no problem for Voice to attract a large number of people in the circle. The reason is very simple. The incentive mechanism of Voice is easy to fluff, and the wool circle is also a huge group.

Voice is based on the EOS main network, and all Voice token transfers are based on EOS. Once Voice has a huge user base, it will bring a qualitative change to the activity of EOS, and will also bring more positive publicity and market confidence to EOS . Whether Voice can reverse the defeat of EOS depends entirely on the development of Voice.

epilogue

epilogue

Voice has been given the crown of "overturning social traditions". Once Voice encounters Waterloo, it means that EOS has completely fallen from the altar. Controversy continues, but Voice is still worth looking forward to, and Block.one also has enough resources to promote the development of Voice.

As BM said, Voice is just getting started.