The developers of the "safe and scalable blockchain for smart services" IOS announced that they block all the volume of tokens in the Internet of Services Foundation - 7.35 billion IOST or 35% of the total offer.
From the first day we launched our ambitious project, we have been listening to our community carefully. During the process, we have heard concerns about our ongoing token distribution and fears about the possibility of the IOS Foundation selling IOST on a secondary market for short-term profit. We would like to reassure our community that we will never do this, our internal control procedures would under no circumstance allow this to happen, and to take this action would be extremely harmful for us.
The funds were transferred to a separate wallet, available for public view. At the time of publication, the amount on it is estimated at more than $ 230 million. As developers assure, tokens will be unlocke with launch of mainnet. According to information in social networks, this will happen before the end of 2018. In the project roadmap, the second quarter of 2019 is indicated as the start-up period for the client and the IOS purse.