The EOS blockchain platform, which completed the record crowdsdale last week, may not be as decentralized as its creators claim.

The fear that large holders of tokens, or so called "whales", can manipulate the market and prices of bitcoin and altcoins, is one of the most common in the crypto community. With regard to the EOS blockchain platform, fears can have a well-grounded motivation. According to an independent investigation of users, 10 addresses store almost 50% or about 500 million EOS tokens. 10% belongs to the EOS developer, and the remaining 9 addresses store 39.67% of EOS tokens. Eight of them contain about 380 million EOS tokens. This makes these holders powerful enough to manipulate not only the market, but also the decisions made by the EOS community.

Users who are not inclined to conspiracy theories object that these addresses, with the exception of the developer's one, belong to the cryptocurrency exchanges Bithumb, Huobi, OKEx, Upbit and Bitfinex. That means that they are addresses where the tokens of users of these trading platforms are stored.

Top-1000 addresses with EOS tokens control 86% or 858 120 383 EOS tokens. Thus, out of total 163 thousand accounts, only the top 1000 will have a weighty opinion in voting on the platform development.

“For everyone else ranked 1001 or lower on the EOS rich list, even if all the remaining 162,930 accounts voted the same way, that would still only be worth 13.86% of the votes, and we would still need the support of those in the Top 1000 to vote the same way as us. If The Top 1000 (or even the Top 100 or less) decides to go one way, there’s nothing the remaining 162,930 accounts will be able to do about it,” wrote one of the Reddit forum users.