You'll recall that EOS Mainnet launched at 13:00 UTC June 10. However, up till now, it hasn't gone live. Why is this so? Well, for starters until the network elects the 21 block producers, the crypto tokens developed by Block.one will not be released. Until the election is complete, no one can start using EOS.
After the election, the blockchain will go live but the election will only be complete if 15% of the total number of tokens get staked in a vote on the candidates. This staking process will allow the owners of the tokens to vote for about 30 block producers. The number of tokens staked is what will determine how the votes are complied by the verification group.
Even with the increase, the number is still not enough. EOS needs up to 150 million tokens to be staked before the voting process can take place and at the current rate, this is going to take a while.
One of the representatives of a candidate, Kevin Rose, said that he believes the small start may have been related to the lateness of the launch in Asia. This may be possible as Asia has as a significant number of cryptocurrency users. As soon as Asia got involved, the number of tokens increased significantly.
Information from the EOS community is that the issues are being fixed and the votes are going to go up soon.
