EOS: Block.one CEO issues rallying cry to the community as coin leads cryptocurrency surge

The company behind EOS, the fourth-largest cryptocurrency in the market, Block.one, has issued a rallying cry to the token’s community via their CEO Brendon Blumer’s message on Telegram.

Titled “Great things take time”, Blumer spelled out his vision for EOS in the message. He started off by stating that operations cannot be pushed by a single team and multiple parallel teams need to be built for new products, without compromising the existing units.

The message stated:

“Great things take time; parallel teams need to be built to deliver new products without sacrificing the progress of existing business units, and that means hiring new people which comes with time limitations that can’t always be shortcut with capital.”

He further mentioned that there has been a lot of hype within the community about upgrades and applications among others, and Blumer, as the CEO of the development company, does not want to employ a “short-sighted” approach to simply satisfy these unrealistic expectations, nor does he want to push products out for merely “commercial reasons”.

Blumer also added:

“The truth is, the EOS community’s justified excitement has led to unrealistic expectations to simultaneously deliver protocol upgrades, introduce revolutionary new mainstream consumer applications, and take responsibility for optimal decentralized governance. As we continue to grow, I as CEO, will not foster short-sighted hype designed to solely satisfy unsustainable expectations. Further and most importantly, I am not supportive of rushing unpolished products out the door for purely commercial reasons.”

Blumer further said that Block.one could have gone dormant until their next development is introduced in the market. However, Blumer believes that it is his responsibility to inform the community of any advancements that B1 has made or will make. He added that this will enhance the culture and human resources of the organization, which is directly beneficial to the entire community.

In his own words:

“It would be easy for me to just go quiet until we release our next product, but communicating consistently with hundreds of thousands of people, while juggling the responsibility of corporate execution is an enormous task that can sometimes feel like trying to satisfy an impossible set of constraints. Remember, money doesn’t immediately solve all problems, and healthy growth of culture and Human Resources takes time and patience, but in the end it will increase the chances that B1 develops in a way that the community is rewarded, and proud of.”

The announcement by Blumer, coupled with the bullish tendencies of the market, has shot EOS up by a staggering 23 percent against the US dollar and the coin is now trading at $3.60, up from $2.84 at the beginning of the week. The market cap of the coin now stands at $3.27 billion, with the coin adding a $350 million lead against Litecoin [LTC], which now has a market cap of $2.91 billion.

Blumer concluded:

“I’ve come accept that regardless of my determination and work ethic, I will not satisfy everyone, but whether you support me or not, you have my commitment that I’ll continue to test the boundaries of myself and the B1 team to deliver as much positive change and restoration of freedoms as possible; Dan too.”