EOS price analysis: EOS/USD hovering above $12.00 as Block.one chasing bugs ahead of MainNet launch
|- EOS stays above $12.00, support, no further recovery in sight.
- Block.one tries to motivate the community to search for EOS system bugs.
EOS/USD is changing hands at $12.20 with little momentum visible on intraday charts. Upcoming MainNet launch is going to support the coin, though the issues with critical system vulnerabilities amy spoil the day.
Dan Larimer from EOS posted a tweet offering compensation for finding bugs in the network before the launch,
"Help us find critical bugs in #EOSIO before our 1.0 release. $10K for every unique bug that can cause a crash, privilege escalation, or non-deterministic behavior in smart contracts. Offer subject to change, ID required, validity decided at the sole discretion of Block One".
However, crypto community greeted the proposal with scorn, claiming that a project sitting on $4B raised during a year-long ICO could have made a more generous offer for searching critical vulnerabilities two days before the launch.
"Raises $4B, offers to pay only $10k for catastrophic bugs 2 days before mainnet launch. Strange," Charlie Lee noted in his Twitter account.
EOS technical picture
EOS/USD is supported by $12.00 (200-SMA, hourly chart), once this level is broken, the focus will shift onto $10.85, which is the lowest level since May 24. The critical support is created by $10.00, strengthened by 100-DMA, Upside correction is limited by 1$12.65 (Asian high), followed by $13.00 and $13.50 with 50% Fibo at $13.46 and 50-DMA at $13.56.
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