Two Korean EOS Block Producers: EOSYS and EOSeoul

EOS Block Producers in Korea

Two Korean EOS Block Producers have made the top 21.  We will not count EOS Asia in that group as the teams behind EOSYS and EOSeoul are run by Koreans living in Korea.  Furthermore, EOSYS and EOSeoul will join EOS Asia and the other 18 Block Producers to produce blocks and will start to earn mining rewards.  In addition, the 21 Block Producers are not the only ones getting paid Block rewards.  A little over 50 Block Producers will get paid in Block rewards.

The 21 Block Producers:

EOS Canada

EOS Authority

eosDAC

EOS New York

eos.cafe

EOS Cannon

EOS42.io

LiquidEOS

Bitfinex

Huobi Pool

EOS Gravity

Cypherglass

EOS Argentina

EOS Rio

EOSYS – South Korea

EOS Sweden

EOS Beijing

EOSeoul – South Korea

MeetOne

Eos.Store

EOS Asia

What will they do with the Rewards?

The EOS voting is done every 3 minutes so the list could constantly be changing.  EOSeoul and EOSYS will be making close to 800 EOS tokens per day.  The current price of EOS Tokens is $10 at the time of this writing (June 19th, 2018).  Therefore, EOSeoul and EOSYS will be earning close to $8,000 per day or $250,000 a month.

With this money, these Block Producers are going to have to run their entire business off of that revenue.  Furthermore, not all Block Producers get the same about of EOS rewards.  For example, the top voted Block Producer will get 1,100 EOS tokens while EOS Asia which is ranked 21st will get around 750 EOS Tokens.

The other 30 that were not elected will get some bit rewards to back up the other 21.

EOSeoul is looking to build a secure hybrid infrastructure for the EOS Platform.  While EOSYS will be looking to build an EOS building in Seoul.  As for EOS Asia, you can find all our plans on our website.

John Yoon

John Yoon is the Editor in Chief at Startup Radar, Organizer for Startup Festival 2017, Head of Operations Korea at EOS Asia and the Global Marketing Director for Foresting.io. Email = john@startupradar.asia if you are interested in guest contributing and helping the Korean startup ecosystem. Wechat, Kakao, and Line user ID is jswy315

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