EOS Token Lands into the Top 10 with 800 Million Market Cap

luciferthedevil (30)in #cryptocurrency • 7 years ago

Hi guys. today i will be giving some info about a new token EOS

At present almost all Altcoin's price are decreasing and we are confused in which to invest.But EOS token price have surged 321% after its ICO launch.

What is EOS?

EOS, according to its creator, is a blockchain platform that completely cuts off transaction fees, and that is capable of handling millions of transactions per second. It’s potential is tremendous, if its promises are delivered, as it will allow decentralized applications to go mainstream and scale accordingly. Some already wonder if the token is going to take down ethereum.

Dan Larimer first created BitShares, a decentralized exchange, in 2014. The project introduced horizontal scalability, which allows up to 100,000 transactions per second. Steem, a decentralized version of Reddit mixed with Medium, allows users to transact without having to worry about fees, by providing means to interact with the application without these.

The token’s ICO started a few days ago and has already raised over 650,000 Ether, nearly $200 million. The token’s ICO was going to last 341 days so as to avoid whales with fear of missing out (FOMO) from using their resources to skip ahead of everybody else. A situation that previously led to $36 million being sold in 30 seconds in another ICO.

Surge In Prices of EOS Token

EOS is currently number 9 with a $747 million market cap, each token being worth $4.68.

With an incredible 321.67 percent growth, EOS token was selling for $5.40. This actually brought its market valuation to more than $800 mln. The digital currency was first listed by Bitfinex in June, a few days before launching its token sale.