The TEZOS Foundation Hints at Working to Speed Up Launch

The new TEZOS Foundation board is on the same page as the code owners, giving hopes of the official token launch soon.

The TEZOS project may see rapid development in the next few weeks, as the previously aloof TEZOS Foundation clarified its objectives just days after establishing a new board.

The market price of TEZOS had already discounted the news of a potential launch, and hovered around its usual levels of $4.32. Previously, hopes were given that the “tezzies” tokens would arrive in a rogue launch.

But despite the news of potential progress, the TEZOS project remains ambitious and complex, and may take years to show visible results. Like other ICOs, the TEZOS ecosystem depends on the capabilities of developers to understand and deliver working solutions. The TEZOS system hinges on a specialized programming language, and the next step of the foundation would be to reach out to developers:

“For this purpose, the Foundation supports the project «Learn OCaml» at Inria, the French National Institute for computer science and applied mathematics. This is the first phase of a multi-year project and collaborative relationship,” wrote the Foundation in a blog.

Part of the foundation’s ample resources, upward of $400 million in total, would be assigned to education and growing the understanding and adoption of the TEZOS protocol.

But at this point, it is unknown what work the developers would handle, and in what time frame. The project is yet to launch the main net, with no set date. With those limitations, TEZOS may be slow to come to mainstream attention, and take months, or even years to reach exchanges where its price could respond directly to hype, or be played in speculation.

For now, most of the TEZOS community have been turned into long-term holders, waiting for results.

The other trouble for TEZOS is that there were disputes regarding the nature of the token. Since the ICO reached out to US-based investors, launching the main token may reignite the concerns that the project sold an unregistered security. The TEZOS foundation defended itself that the token sale was a donation, and the tokens were an act of goodwill, similar to “gift bags”.

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