Investors are constantly on the lookout for the hottest Initial Coin Offering (ICO). Could EOS be the hottest ICO of 2018? We take a closer look at what the technology behind the coin does so that investors can make informed decisions about their next investment.
What is EOS?
In a nutshell, EOS is a decentralized DApps builder. DApps are applications or apps that are built on a decentralized blockchain. What makes EOS so unique is the fact that due to its blockchain, developers can create their own high-quality DApps relatively easy. The code required to build DApps are already on the platform and it gives users a better experience building DApps.
EOS is also said to be making waves with regards to transaction speed. It promises to be able to process 1 million-plus transactions per second without charging user fees. EOS is currently being referred to as “Ethereum on steroids” and “Super Ethereum”. The platform includes basic services like accounting and database management. It also has been listed on more than 29 exchanges and it is still in its ICO phase.
There are a few downsides to the coin as well such as the fact that the ICO will be running for a year and it has quite a big supply of 1 billion tokens.
EOS tokens cannot be mined at this stage.
The team behind EOS
EOS has a very impressive team starting with Chief Technology Officer, Dan Larimer who is best known as the co-founder of blockchain social platform, Steemit. Larimer also created BitShares in 2014.
Brendan Blumer is the CEO and founder of EOS. He is the founder of Okay.com which is the biggest digital property agency in Hong Kong. He also built MMORPGs that is based in the US and 1Group in India.
Ian Grigg and Brock Pierce as partners of the project. Pierce is Chairman of the Bitcoin Foundation and Blockchain Capital co-founder. Grigg has been involved in the crypto industry for more than 20 years. He is co-inventor of Triple-Entry Accounting as well as the Ricardian Contract.
How to buy EOS?
EOS is currently more than halfway through its year-long ICO-phase. The ICO started in June 2017 and will end on 1 June 2018. EOS will be stored on the Ethereum blockchain until such time that the EOS blockchain has been developed. EOS is an ERC-20 token. 90% of the tokens will be distributed to investors. EOS is currently selling for $10.53. Its all-time high is $12.74 and all-time low is $0.54. Investors can buy EOS tokens on the website, click here. You can store your EOS tokens in MyEtherWallet (MEW). Check out this complete list of exchanges that will list EOS after the ICO phase.
2017 saw the minimal viable testing environment and minimal viable test network get ticked off the timeline. 2018 will see the testing and security audits take place as well cluster implementation.
Is EOS the hottest ICO of 2018?
Majority of experts agree that EOS is definitely one to watch out for in 2018. Some are saying that we will only see the token gain real value once the ICO period is over (June 2018).
Remember that investing in an ICO can be risky. The EOS blockchain has not been developed yet. Only once a product has been developed and tested, will the industry be able to answer the question if EOS is better than Ethereum or not? Since Ethereum has been around for a long time, it may be difficult for EOS to top it but then again, one never knows. Regardless, it promises to be an excellent product that will surely change the crypto industry.