Tezos Head & Board Member Step Down, Platform Prepares 'Timely Launch'
February 23 2018 - 11:51AM
ADVFN Crypto NewsWire
The Tezos blockchain project may
finally get underway after two board members of the Tezos
Foundation, including its founder and president Johann Gevers,
voluntarily stepped down and were replaced by Tezos community
members, according to a press release published Feb. 22.
Newly appointed Ryan Jesperson and
Michel Mauny join Lars Haussmann, appointed to the board on Jan.
31, right as the foundation prepares to launch the Tezos
network.
“To serve the best interests of the
Tezos Project, Johann Gevers and Diego Olivier Fernandez Pons have
voluntarily offered to resign from the Foundation Board. They are
committed to the success of the Tezos project and will continue to
support its development towards a bright future. We thank both of
them for their service”, stated Jesperson in the press
release.
Michel Mauny is a dedicated member
of the community as well. In addition to serving on the board at
Tezos, he is a senior researcher at the French science and
technology institution Inria in the field of programming
languages.
In July 2017, Tezos’ initial coin
offering (ICO) gained extreme popularity among crypto investors
excited about the project and the coin’s potential. They donated
BTC and ETH in exchange for the platform’s native tokens, called
“Tezzies”.
However, following the wildly
successful $232 mln ICO, one of the largest ICO’s to date, a
dispute arose between Arthur and Kathleen Breitman, the creators of
the project who own Tezos’ intellectual property rights, and
Gevers, who controlled the raised funds. This led to an indefinite
delay of the platform launch and a series of lawsuits against the
company.
Jesperson supported the Breitmans
in their dispute with Gevers and helped form the T2 Foundation,
which intends to breath new life into the project, obtain
control from the original foundation, and finally launch the Tezos
network.
Earlier this month, the U.S.
Securities and Exchange Commission (SEC) declined to provide
information on Tezos when it was requested by attorney David Silver
via the Freedom of Information Act (FOIA). Silver represents
plaintiffs in a lawsuit filed against the company in November,
2017.
During a conference at UCLA Feb.
17-18, Kathleen Breitman announced the platform and tokens would be
launched “in the next few weeks”.
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