Many people believe the EOS project will help create a new and better path for decentralized ecosystems and economies. EOS tokens have the ability to take cryptocurrency to new heights.
EOS has been described as the “Ethereum Killer” and will “build on more than 4 years of continuous development and innovation from the BitShares and Steem community”. Source
From the EOS WhitePaper:
The EOS.IO software introduces a new blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications. This is achieved by creating an operating system-like construct upon which applications can be built. The software provides accounts, authentication, databases, asynchronous communication and the scheduling of applications across hundreds of CPU cores or clusters. The resulting technology is a blockchain architecture that scales to millions of transactions per second, eliminates user fees, and allows for quick and easy deployment of decentralized applications.
Dan Larimer is leading the EOS project as the CTO. He brought many innovations to the distributed ledger scene with BitShares and Steemit and his blockchain advocates say he will do even more impressive things with EOS.
There Are Now 3 Ways To Pick Up EOS Tokens
- Pick up EOS tokens on exchanges like Bitfinex or Kraken.
- Via the EOS ICO windows on Ethereum.
- Via the Exchange in the Exodus Wallet.
For Block One’s protection, US citizens and residents are not technically supposed to purchase EOS tokens via the ICO window, although many will by using VPNs.
Bitfinex is allowing EOS trading for US residents. We know this for a fact because we tested the process with US resident credentials on Bitfinex.
The Ethereum ICO (initial coin offering) for EOS will last an entire year. The first 20% of tokens were released during the first five days of the ICO. Another 70% of the token supply will be distributed in equal amounts everyday over the remainder of the year. Each day you can participate in the ICO window and purchase EOS. The last 10% of tokens are being held by EOS.
Any EOS picked up in 2017 is likely to produce huge returns over the next 5-10 years. We have high hopes for this blockchain project.
*If you do pickup EOS on the exchanges, you will need to make sure you have extracted your tokens to an Ethereum wallet before the real EOS token release next year. Moreover, this wallet must allow you to hold the private keys. This is very important. You will want to claim the real tokens on the EOS blockchain. What is out right now is the ICO crowdfund token on Ethereum.