Block.one has always been an advocate of sustainable growth. The organization takes advantage of partnerships and deals that will work to promote the platform as a whole. The managing director of HR in Citigroup (NYSE:C) James Mendes has been invited to join the executive committee of Block.one in Hong Kong. After the announcement, the president of Block.one, Rob Jesudason said in a press release:
“Developing, attracting and retaining the best talent in the industry is essential for the sustainable development and success of this organization. James has a proven track record in human capital businesses. Records show that he has ample experience in supporting technology companies and companies that provide financial services with human resource solutions that can be applied globally.”
Sustainable Development for Block.one – the Brain of EOS
By adding Mendes to the team, Block.one is reminding the industry that it is ready for business. The announcement came a few days after the organization announced that Micheal Alexander, a financial expert at Jefferies Group has been invited to oversee investment and financial matters related to Block.one.
Block.one had originally announced that it would not be actively involved in the EOS ecosystem. However, the company later announced that it would participate in EOS voting and provision of technical support for developers on the network.
EOS Price Analysis for July 12
EOS has been struggling through a rough patch and the news from Block.one hasn’t affected the price in any way. Within the past week, EOS has lost up to 22% of its value currently selling at $6.74. This is according to the price analysis of Cryptoverse.
EOS Price Today / USD
The trading volume of the cryptocurrency have always dwindled. This shows that users have lost enthusiasm. Over 52% of trading is against Tether, but the inflow of Tether is causing sales rather than increasing price. People are moving their funds from EOS to a fixed price assets indicating that they expect the value of EOS to keep falling.