EOS was created to provide a platform for developers to create decentralized applications, called dApps, but failed to sustain itself in battle with other promising platforms. Several issues with its governance, production, and sale of tokens have dented the platform’s reputation. In 2019, US SEC penalized the parent company Block.one $24 million for its failure …
Source: https://www.cryptonewsz.com/eos-recovers-marginally-is-it-the-right-time-to-buy/