The EIDOS team recently announced that they will release their own EOS sisterchain which will be named YAS Network. Soon they will launch a new smart contract that will allow EIDOS holders to mine the new YAS tokens.
The smart contract will have some particular features that will define the mining mechanism:
The YAS Network will be an EOSIO chain in all respects, with some different features from the EOS mainnet:
The block producers will be in practice the rulers of the chain, reflecting their own token holders and deciding the direction of the chain.
Why a new chain?
"We can’t reiterate enough our dream to have a really democratic chain and this is yet another attempt and we are doing it as fair as we can. The YAS network attempts to be a cheaper alternative sisterchain to EOS. It will be a general purpose high performance smart contract platform which is cheaper to run and be truly governed by majority rule and not a collusion of a few rich individuals."
Sources:
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