Friday, August 23, 2019

EOS: ICO completed

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At night of June 2, 2018, one of the longest and most expensive ICOs in the history of the cryptocurrency was completed. The EOS project, positioned as the nearest competitor to the Ethereum, completed the last 350th round of the sale of the tokens and simultaneously published the first version of the full EOSIO v1.0 wallet for its blockchain, which will be launched in the nearest future.

EOS was founded in 2017 by a team of developers led by Dan Larimer, the creator of existing projects: the Bitshares crypto asset platform and the Steemit social network.

Like the Ethereum, EOS will become the platform for decentralized applications (DApps), however, as a newer development, it took into account the experience of his predecessor. So, in EOS the consensus of DPoS will initially work, and the number of coins is limited to 1 billion. EOS promises a more secure environment for executing smart contracts and communication with other blockchains, as well as managing permissions within Dapp and an advanced toolkit for developers.

Of course, soon after the launch, this project will face a number of difficulties. So. Recently there was information about critical vulnerabilities in the EOS protocol, which, however, was quickly fixed. There is an opinion that this was just a price manipulation, designed to dump the price in front of such an important event as the launch of its own blockchain.

In total, within the framework of ICO EOS, 900 million out of a billion tokens were sold, 100 million EOS remains in the hands of developers. To date, at a price of about $ 12 per token, EOS is confidently holding in the top five in terms of capitalization.

At 22:00 UTC on June 2 the balance of the tokens will be fixed, after which the tokens unregistered on the project site will be lost, that is, their owners will not receive coins of the new blockchain. Therefore, all users who have not yet registered must do so as soon as possible. Most of the exchanges trading EOS tokens are likely to conduct this process centrally and credit new coins to customers’ balances. However, users who have entrusted the storage of their coins to exchanges will not be able to participate in a number of distributions of Dapps tokens on the EOS platform, many of which are timed to the launch of the blockchain.

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