EOS Price – EOS
“The most powerful infrastructure for decentralized applications”
EOS claims to be “the most powerful infrastructure for decentralized applications.” Anyone who’s familiar with Ethereum would be able to guess that the two are direct competitors: they’re both pushing to build applications, or “smart contracts”, over blockchain technology, with proprietary tokens to be used as currency.
The EOS token started life as an ERC20 token, a placeholder currency which could be sent and received through the Ethereum network before the project had created their own. As of July 2, 2018, EOS launched their mainnet and started transitioning tokens off of the Ethereum network and replacing them with real, mainnet EOS coins.
Two of EOS’ notable features are a unique ownership model, whereby token holders needn’t pay transaction fees, and increased scalability over its competitors.
Origins and Team
The EOS project was launched in June, 2017. Development of the mainnet is lead by private company block.one. While the identities of all team members aren’t known, major players include CEO Brendan Blumer, CTO Daniel Larimer, as well as partners Ian Grigg and Brock Pierce.
EOS raised over US $4 billion in its ICO, and was valued at $1 per unit into the start of July 2017. The price remained relatively still throughout 2017 but launched to over $18 during the winter months. The token shortly fell back to a support level of $5 in March 2018 before launching to a new all-time-high of $21.46 in late April. Since then the coin has slowly fallen to the $7 mark.
All the Cryptocurrency news and information you need.
Bitcoin Daily is delivered to your inbox each morning, we find the top 3 stories and offer our expert analysis. Not convinced? Check out our latest newsletter.