EOS is a decentralized blockchain platform designed for the development of scalable and efficient decentralized applications (DApps). Its architecture aims to enable vertical and horizontal scaling of DApps by providing an operating system-like set of services and functions that DApps can make use of.
One of EOS's primary innovations is the elimination of transaction fees. Instead, developers utilize resources in proportion to their stake in the system. Additionally, EOS uses a consensus model called Delegated Proof-of-Stake (DPoS), where EOS token holders vote for a select group of block producers rather than every token holder participating in consensus.
EOS was developed by Block.one and spearheaded by Dan Larimer and Brendan Blumer. The project was announced in 2017, and its year-long initial coin offering (ICO) took place from June 2017 to June 2018, raising a record-breaking amount of over $4 billion.
In terms of key milestones, EOS's mainnet was launched in June 2018. Since then, EOS has become one of the leading platforms for DApp development and deployment, with a vibrant ecosystem of applications and services built atop it.
As of 2024, EOS continues its journey toward enhanced scalability and developer support through several notable updates. The EOS Network Foundation (ENF), which now leads the project after taking over from Block.one, has focused on revamping the core infrastructure, including launching Antelope, a new protocol to improve performance and interoperability with other blockchains. This move marks a significant shift as EOS aims to reclaim its position as a leading platform for decentralized applications (DApps). The platform has also introduced updates aimed at improving user governance and fostering community-driven initiatives. These updates have sparked renewed interest in its ecosystem, especially with developers capitalizing on the more advanced toolsets available in 2024.
Above are only for introduction, not intended as investment advice.
Explore the tokenomics of EOS and review the project details below.
What is the allocation for EOS (EOS)?
- 70% is allocatde to Investors and the broader community
- 10% is allocated to Block.One
- 20% is allocated to Block producers and network rewards
What is the supply schedule for EOS (EOS)?
One billion EOS tokens will be released according to the following three rules:
Phase 1: 200 million tokens will be released from 13:00 on June 26, 2017 to 12:59:59 on July 1, 2017 UTC released within days.
Phase 2: 700 million tokens will be divided into 350 shares of 2 million each, and will be released starting from 13:00:00 UTC on July 1, 2017, with one share released every 23 hours.
Phase 3: the remaining 100 million tokens are retained by the block.one company and they will not be traded or transferred on Ethereum during the sale phase.
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EOS is a prominent cryptocurrency that facilitates the creation of decentralized applications (DApps) in a simple and scalable manner. Developed by the company Block.one, EOS went live in June 2018 following a year-long Initial Coin Offering (ICO) that raised over $4 billion. This ICO is notable for being one of the largest token sales to date. The EOS blockchain, EOSIO, uses a proof of stake mechanism that ensures quick, scalable, and secure transaction processing. The EOSIO blockchain has undergone updates, including the introduction of features like Read-only Queries, Private Chain Access, and Resource Payer. Initially, EOS distributed its coins via ERC-20 tokens during the ICO, which were later converted to native EOSIO blockchain tokens. As of the end of November 2023, EOS's price is approximately $0.68, with a 24-hour trading volume of around $115.4 million. The cryptocurrency has a market capitalization of about $760 million and ranks around 66th in the crypto ecosystem. The circulating supply of EOS is over 1.1 billion coins, but the maximum supply is not specified.
EOS has seen various collaborations and developments recently. For instance, Dotgems, a well-known NFT studio and creative agency, collaborated with EOS to launch the EOS ecosystem map NFT series. This series commemorates all the active EOS projects. Additionally, the EOS Network Foundation announced the release of the Antelope Leap 3.1 consensus update, which marked a significant step as it severed ties with Block.one and Bullish.
In terms of partnerships, EOS has made some significant strides. Google partnered with Block.one to become a block producer for the network, marking one of the largest partnerships in the cryptocurrency ecosystem. EOS also established partnerships for development and promotion of blockchain use and cryptocurrency markets with investor LACChain and in Asia with a $200 million joint venture fund, EOS Global. Wyoming has given official status to an EOS-based decentralized autonomous organization (DAO), which is the first of its kind globally.
These developments and partnerships indicate EOS's ongoing efforts to expand and solidify its position in the cryptocurrency market. The currency's performance, collaborations, and technological advancements contribute to its reputation as a significant player in the field of decentralized applications and blockchain technology.
EOS belongs to the sector of blockchain-based platforms and cryptocurrencies. Specifically, EOS is a cryptocurrency and a blockchain platform that supports the development and usage of large-scale applications (DApps) and smart contracts. EOS operates on the Antelope protocol (formerly EOSIO), known for its scalability, security, and user-friendliness in blockchain applications. The current situation and development prospects of the blockchain sector, which EOS is a part of, can be analyzed from multiple angles:
In summary, EOS, as a part of the blockchain sector, is situated in a rapidly evolving and expanding market with a wide range of applications and potential. The sector’s future is marked by technological advancements, growing adoption in diverse industries, and ongoing development of legal and regulatory frameworks.
Here’s the information I found regarding the tokenomics of EOS, including its token allocation and supply schedule:
Unfortunately, I couldn’t find specific information on the detailed supply release schedule or the mechanism for creating new tokens beyond the initial inflation rate. This information is crucial to fully understanding the tokenomics of EOS and its long-term supply dynamics. For a comprehensive understanding, I recommend consulting EOS’s official documentation or trusted financial news sources that specialize in cryptocurrency analysis.
The development and management of EOS, as well as its funding history, involve several key figures and organizations:
### Funding History:
### Recent Developments and Support:
In summary, EOS was developed and initially managed by Block.one, with significant contributions from Dan Larimer and Brendan Blumer. Its record-breaking ICO in 2017-2018 set the stage for its development. In recent years, EOS has seen a shift in its development strategy, with a coalition of EOSIO-based blockchains committing to its future growth and innovation.
The development history of EOS, a cryptocurrency and blockchain protocol, includes several key events and milestones:
These milestones highlight the evolution of EOS from its inception, through its record-breaking ICO, developmental transitions, and its ongoing efforts to innovate and collaborate within the blockchain ecosystem.
The development of EOS can be chronicled through a series of significant events and milestones:
1. 2016-2017: The EOS project was initiated in August 2016 by the Block.one team, led by Dan Larimer and Brendan Blumer. Block.one was established in 2017, and the EOS GitHub repository was launched in April 2017. A white paper detailing the project’s vision was released in June 2017.
2. June 2017 - June 2018: The inaugural ICO of EOS began in June 2017, during an ICO boom period. It raised a record-breaking $185 million in just five days, concluding at a record $4 billion in June 2018, marking it as the most significant ICO in cryptocurrency history.
3. September 2017 - May 2018: The initial test net, Dawn 1.0, was released on September 3, 2017, followed by several iterations leading to Dawn 4.0 on May 7, 2018.
4. June 1, 2018: EOSIO’s Dawn 1.0 was launched on the EOSIO mainnet, marking the full operation of the platform.
5. September 2019: Block.one settled charges related to the unregistered ICO with the U.S. Securities and Exchange Commission, resulting in a $24 million penalty.
6. August 2021: Yves La Rose founded the EOS Network Foundation, aimed at guiding the future development of EOS and challenging Block.one’s management of the blockchain.
7. Mid-2021: Block.one ceased EOS.io development support, leading to the project being taken over by community members.
8. August 2022: The EOS Network Foundation announced the formation of the Antelope coalition with Telos, Wax, and UX Network, and the rebranding of EOS to Antelope.
9. September 2022: A scheduled hard fork began the rebranding process for EOS, with expectations for enhanced EVM compatibility and faster finality time on the EOS chain.
10. EOS Roadmap and Future Developments:
These milestones and the ongoing roadmap indicate the EOS project’s evolution from its inception, through its record-breaking ICO, to its current state of community-driven innovation and collaboration.
Here are some important links related to EOS, a prominent cryptocurrency and blockchain protocol:
EOS Network Official Website:
EOS Ecosystem:
https://eosnetwork.com/eos-ecosystem
Development Resources:
EOS Authority Blockchain Explorer:
Wallet Options for EOS:
https://greymass.com/en/anchor/
Crypto Exchanges Listing EOS:
EOS.IO on Wikipedia:
https://en.wikipedia.org/wiki/EOS.IO
EOS Network Foundation (ENF) Blog:
Learning and Earning with EOS:
Governance on EOS:
https://eosnetwork.com/governance
These links provide a wide range of information about EOS, from its technological foundation, governance structure, and development resources to its ecosystem and investment opportunities.
The valuation and future prospects of EOS, as projected by various crypto experts for 2023, present a diverse range of predictions:
In conclusion, both EOS and BTC exhibit a range of potential future prospects based on current data and expert analyses, with each facing its unique set of challenges and opportunities in the ever-evolving cryptocurrency landscape.
EOS is a decentralized blockchain platform designed for the development of scalable and efficient decentralized applications (DApps). Its architecture aims to enable vertical and horizontal scaling of DApps by providing an operating system-like set of services and functions that DApps can make use of.
One of EOS's primary innovations is the elimination of transaction fees. Instead, developers utilize resources in proportion to their stake in the system. Additionally, EOS uses a consensus model called Delegated Proof-of-Stake (DPoS), where EOS token holders vote for a select group of block producers rather than every token holder participating in consensus.
EOS was developed by Block.one and spearheaded by Dan Larimer and Brendan Blumer. The project was announced in 2017, and its year-long initial coin offering (ICO) took place from June 2017 to June 2018, raising a record-breaking amount of over $4 billion.
In terms of key milestones, EOS's mainnet was launched in June 2018. Since then, EOS has become one of the leading platforms for DApp development and deployment, with a vibrant ecosystem of applications and services built atop it.
As of 2024, EOS continues its journey toward enhanced scalability and developer support through several notable updates. The EOS Network Foundation (ENF), which now leads the project after taking over from Block.one, has focused on revamping the core infrastructure, including launching Antelope, a new protocol to improve performance and interoperability with other blockchains. This move marks a significant shift as EOS aims to reclaim its position as a leading platform for decentralized applications (DApps). The platform has also introduced updates aimed at improving user governance and fostering community-driven initiatives. These updates have sparked renewed interest in its ecosystem, especially with developers capitalizing on the more advanced toolsets available in 2024.
Above are only for introduction, not intended as investment advice.