Block.one

History

2019: Purchase from MicroStrategy of the domain Voice.com for $30 million

On June 19, 2019 there was information that the MicroStrategy company announced sale of the domain Voice.com belonging to it. The Block.One company which is positioned as "the application for social media on the basis of blockchain technologies" acted as the buyer. Transaction amount was 30 million dollars. It is the most expensive purchase in the domain market since the beginning of 2019 and one of the most expensive for all history of domain business.

So, the GoDaddy company with which mediation the transaction was performed calls the domain the fifth in the list of the most expensive in the history. As noted, GoDaddy received commission charges for the services therefore the real amount paid to Block.One — above. On the available data, all amount was paid by cash.

For June, 2019 MicroStrategy owns a small, but valuable portfolio of domain names among which — Strategy.com, Alert.com, Hope.com, Wisdom.com, Courage.com, reported the blog Domain Investing.^[1]

2018: Record ICO

At the end of May, 2018 it became known of record ICO. It is carried out by Block.one startup developing the EOS blockchain platform.

Block.one began to sell tokens still on June 26, 2017 and will complete process on June 1 the 2018th. By the end of May the company implemented more than 900 million tokens of ERC-20 for $4 billion, and according to the results of ICO the amount, as expected, will reach $4.2 billion. Each 23 hours Block.one offers 2 million tokens for an auction.

Block.one develops the decentralized platform mobile and Internet-applications of EOS. With its help users will also be able to open accounts and to carry out transactions with a high speed and the low commissions. The company is not going to develop technology after the start planned for June 2, 2018 and intends to transfer control of it to community of independent developers, having focused on creation of the global platform and an ecosystem.

Block.one carried out record ICO — more than $4 billion are attracted

Part attracted (about $1 billion) within ICO of means is going to be invested in the startups wishing to advance EOS. Besides, it was spent by several hundred millions of dollars for creation of joint ventures with FinLab company and private investors for development of EOS projects and an ecosystem worldwide. Market capitalization of Block.one reached nearly $11 billion.

ICO of Block.one company will become the biggest and by 2.5 times will exceed the transaction of Telegram within which the messenger collected $1.7 billion according to The Wall Street Journal, in 2017 the size of the market of ICO was $6.6 billion, and from January to May of the 2018th — $7.15 billion (without Block.one). The edition notes that investors invest in ICO despite legislative uncertainty and restrictions in some large countries, like China and South Korea.

In May, 2018  critical  vulnerability was found in EOS network. Representatives of the company said that the main network will not be started until elimination of a problem.^[2]

Notes