EOS (EOS) Price

EOS is a blockchain-based infrastructure that supports the development of decentralised apps. It supports parallel processing and scheduling of applications across multiple platforms. It provides users with the ability to commercially scale their apps.
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Considering the amount of progress that blockchain technology is making in today’s world, it definitely comes as no surprise to see different companies and systems competing against each other for similar blockchain-based decentralised applications. The virtual currency space is buzzing with altcoins for these applications, and EOS cryptocurrency is one of them.

What is EOS cryptocurrency?

EOS is a blockchain-based infrastructure that supports the development of decentralised applications. The system provides its users with all the core functionalities required to develop blockchain apps in a way quite similar to web applications. EOS software supports asynchronous communication, parallel processing, and scheduling of applications across multiple platforms/CPU cores, thus providing the users with the ability to commercially scale their applications.

Using EOS software, developers can build their own decentralised apps with a specific focus on their business model and different levels of scalability and as a result, these apps can be easily deployed on a large scale. As mentioned in the EOS technical white paper, its blockchain architecture ‘has the potential to scale to millions of transactions per second’ owing to its ability to perform multiple processes in parallel. Another exciting feature of EOS is that there are no transaction fees involved.

EOS system is also quite flexible and can handle a variety of situations. Broken applications can be frozen and fixed immediately. Similarly, EOS software also provides its users with the ability to fix bugs and rollback changes easily. Furthermore, the processing speed with EOS is much faster than that of Ethereum.

Therefore, it is fair to say that EOS has taken the Ethereum model and eliminated its drawbacks to offer developers a more feasible option to build blockchain applications. Owing to these features, EOS stands to serve as a serious competitor of Ethereum. However, at the time of writing this article, EOS is still in its development stage and only time will tell if it can deliver on its promises.

Just like every other blockchain protocol, EOS system has a cryptocurrency and is known as EOS token. However, there are many risks associated with this and the same have been explained in a different section. Interestingly enough, EOS is not an officially defined acronym although many have been suggested. Some of these are Ethereum on Steroids, Endless Online Scaling and many more.

Coming to the supply of EOS tokens, a total of 1 billion (1,000,000,000) EOS coins will be created and distributed. The distribution model is quite unique, as explained here. 20% of these total tokens, that is, 200,000,000 EOS tokens have been distributed during a five day period between June 26, 2017, and July 1, 2017.

Another 70% of these tokens, that is, 700,000,000 EOS tokens will be split evenly into 350 consecutive 23 hour periods. Therefore, each of these 350 23-hour periods will distribute 2,000,000 EOS tokens. As for the remaining 10%, it will be held by Block.one - the company behind the development of EOS software.

These EOS tokens will be distributed to all the authorised purchasers on a pro rata basis, depending on the amount of ETH (Ether) tokens contributed during these periods.

Where to buy EOS tokens?

EOS token is an altcoin and in order to buy it, one has to first purchase either ETH or BTC and then trade the same for EOS on any of the prominent cryptocurrency exchanges. Some of the most popular cryptocurrency exchanges are Binance, Kraken, HitBTC, Shapeshift, Bithumb, Bitfinex and many more.

Alternately, you can also visit the official website of EOS and buy EOS tokens there directly. However, make sure that you visit the site during any of the 350 23-hour periods. As mentioned earlier, your share of EOS tokens will depend on the ETH you contribute.

EOS Wallets

The best way to secure your EOS tokens is through MyEtherWallet or MetaMask. Alternately, you can also look at hardware wallets like Nano Ledger S or Trezor. Other wallets include Jaxx, Exodus, et cetera.

EOS Mining

EOS software utilises the proof-of-stake model to achieve consensus and as a result, it is not possible to mine EOS tokens.

EOS Price Trends

As of mid-April 2018, 1 EOS token is worth approximately $7.99. Just like every other prominent cryptocurrency in the market, EOS has shown two bullish runs already which were followed by dips. Needless to mention,  this dramatic spike and fall were driven by the growing speculation and hype in the cryptocurrency space during late December 2017 and January 2018. During this period, EOS token crossed $16 mark but failed to sustain that heading for long. The prices took a nosedive in February, following the crackdown on cryptocurrencies.

DateOpenHighLowCloseVolumeMarket Cap
Nov 12, 2018 5.45 5.46 5.36 5.40 606,714,000 4,895,690,187
Nov 11, 2018 5.41 5.44 5.29 5.44 729,699,000 4,933,408,109
Nov 10, 2018 5.38 5.45 5.37 5.42 595,931,000 4,913,380,092
Nov 09, 2018 5.50 5.53 5.37 5.38 719,946,000 4,878,118,094
Nov 08, 2018 5.64 5.66 5.50 5.50 655,039,000 4,988,779,685
Nov 07, 2018 5.73 5.77 5.62 5.65 719,042,000 5,119,904,291
Nov 06, 2018 5.48 5.73 5.47 5.73 776,546,000 5,156,063,472
Nov 05, 2018 5.44 5.51 5.41 5.47 681,390,000 4,955,366,428
Nov 04, 2018 5.31 5.47 5.29 5.45 736,521,000 4,938,410,582
Nov 03, 2018 5.36 5.36 5.29 5.31 624,348,000 4,816,321,240
Nov 02, 2018 5.28 5.38 5.28 5.36 668,222,000 4,853,450,102
Nov 01, 2018 5.20 5.53 5.19 5.28 560,423,000 4,784,974,221
Oct 31, 2018 5.14 5.22 5.12 5.20 646,592,000 4,712,474,612
Oct 30, 2018 5.15 5.16 5.11 5.14 562,212,000 4,665,243,347
Oct 29, 2018 5.41 5.43 5.08 5.15 578,423,000 4,904,511,881
Oct 28, 2018 5.40 5.43 5.38 5.43 382,333,000 4,889,763,670
Oct 27, 2018 5.39 5.41 5.36 5.38 415,957,000 4,881,817,206
Oct 26, 2018 5.37 5.41 5.33 5.39 355,795,000 4,865,727,228
Oct 25, 2018 5.38 5.40 5.36 5.37 291,321,000 4,876,191,288
Oct 24, 2018 5.41 5.44 5.37 5.38 312,068,000 4,903,114,800
Oct 23, 2018 5.38 5.43 5.35 5.42 329,169,000 4,880,072,692
Oct 22, 2018 5.41 5.48 5.37 5.38 348,657,000 4,904,386,130
Oct 21, 2018 5.37 5.50 5.36 5.42 443,995,000 4,869,297,929
Oct 20, 2018 5.34 5.42 5.33 5.37 366,171,000 4,837,238,537
Oct 19, 2018 5.36 5.37 5.29 5.33 378,435,000 4,853,112,018
Oct 18, 2018 5.42 5.45 5.32 5.35 440,484,000 4,908,840,108
Oct 17, 2018 5.45 5.46 5.37 5.41 401,459,000 4,940,517,064
Oct 16, 2018 5.48 5.51 5.40 5.44 425,119,000 4,963,761,409
Oct 15, 2018 5.16 5.64 5.11 5.47 918,475,000 4,680,562,403
Oct 14, 2018 5.25 5.28 5.16 5.17 372,903,000 4,758,648,105
Oct 13, 2018 5.18 5.28 5.18 5.25 362,609,000 4,692,527,256
Oct 12, 2018 5.04 5.24 5.03 5.18 525,307,000 4,567,337,076
Oct 11, 2018 5.88 5.88 5.07 5.08 758,737,000 5,324,615,715
Oct 10, 2018 5.89 5.90 5.81 5.88 533,169,000 5,341,903,994
Oct 09, 2018 5.92 5.94 5.84 5.91 538,883,000 5,368,459,762
Oct 08, 2018 5.77 5.99 5.72 5.91 627,571,000 5,226,386,210
Oct 07, 2018 5.73 5.79 5.66 5.76 525,930,000 5,193,475,087
Oct 06, 2018 5.81 5.82 5.70 5.73 486,075,000 5,269,277,407
Oct 05, 2018 5.79 5.83 5.69 5.81 554,553,000 5,247,946,540
Oct 04, 2018 5.63 5.85 5.61 5.78 613,679,000 5,098,014,680
Oct 03, 2018 5.61 5.64 5.49 5.62 595,740,000 5,083,643,720
Oct 02, 2018 5.74 5.76 5.58 5.65 564,671,000 5,202,480,272
Oct 01, 2018 5.74 5.80 5.57 5.74 695,608,000 5,197,660,279
Sep 30, 2018 5.76 5.88 5.45 5.72 828,008,000 5,218,259,116
Sep 29, 2018 5.76 5.81 5.52 5.76 678,214,000 5,223,640,880
Sep 28, 2018 5.83 6.02 5.71 5.77 840,105,000 5,281,617,350
Sep 27, 2018 5.56 5.88 5.41 5.82 753,645,000 5,034,478,408
Sep 26, 2018 5.39 5.73 5.27 5.56 683,187,000 4,885,373,647
Sep 25, 2018 5.68 5.68 5.08 5.38 891,486,000 5,144,871,546
Sep 24, 2018 6.02 6.03 5.63 5.68 654,906,000 5,456,365,649
Sep 23, 2018 5.95 6.10 5.84 6.02 686,260,000 5,389,824,335
Sep 20, 2018 5.25 5.77 5.20 5.74 703,866,000 4,755,513,857
Sep 19, 2018 5.06 5.29 4.97 5.23 622,045,000 4,587,329,633
Sep 18, 2018 4.86 5.25 4.81 5.10 658,606,000 4,407,188,335
Sep 17, 2018 5.43 5.46 4.76 4.89 696,413,000 4,919,293,798
Sep 16, 2018 5.38 5.46 5.25 5.42 477,706,000 4,876,470,445
Sep 15, 2018 5.25 5.48 5.25 5.40 508,734,000 4,758,862,010
Sep 14, 2018 5.42 5.52 5.18 5.27 606,576,000 4,913,151,483
Sep 13, 2018 4.96 5.51 4.95 5.39 718,438,000 4,491,479,443
Sep 12, 2018 5.00 5.00 4.80 4.94 707,279,000 4,530,438,245
Sep 11, 2018 5.07 5.08 4.79 4.98 582,087,000 4,595,419,564
Sep 10, 2018 4.99 5.09 4.94 5.04 536,130,000 4,526,488,996
Sep 09, 2018 4.76 5.18 4.71 4.97 621,964,000 4,316,328,398
Sep 08, 2018 5.10 5.19 4.69 4.76 531,005,000 4,620,424,412
Sep 07, 2018 5.23 5.33 5.00 5.09 651,853,000 4,735,262,885
Sep 06, 2018 5.21 5.24 4.97 5.24 844,070,000 4,719,735,542
Sep 05, 2018 6.48 6.57 5.22 5.22 1,009,270,000 5,871,207,852
Sep 04, 2018 6.46 6.60 6.36 6.48 765,275,000 5,850,403,321
Sep 03, 2018 6.64 6.68 6.39 6.47 720,704,000 6,014,082,143
Sep 02, 2018 6.65 6.67 6.35 6.60 903,575,000 6,027,128,620
Sep 01, 2018 6.44 6.73 6.44 6.64 746,530,000 5,833,687,616
Aug 31, 2018 6.06 6.46 5.96 6.43 899,621,000 5,492,194,955
Aug 30, 2018 6.12 6.24 5.80 6.08 744,458,000 5,548,644,273
Aug 29, 2018 5.90 6.44 5.80 6.12 955,876,000 5,349,333,628
Aug 28, 2018 5.35 5.95 5.30 5.90 622,686,000 4,847,583,329
Aug 27, 2018 4.95 5.36 4.93 5.36 552,155,000 4,487,532,788
Aug 26, 2018 5.04 5.05 4.87 4.95 361,901,000 4,570,171,426
Aug 25, 2018 5.06 5.06 4.94 5.05 356,801,000 4,585,735,068
Aug 24, 2018 4.91 5.08 4.83 5.05 616,336,000 4,450,074,346
Aug 23, 2018 4.73 4.93 4.70 4.92 442,313,000 4,287,450,789
Aug 22, 2018 4.91 5.27 4.60 4.72 571,812,000 4,447,905,911
Aug 21, 2018 4.73 4.94 4.72 4.91 412,303,000 4,289,026,339
Aug 20, 2018 5.30 5.35 4.74 4.76 560,766,000 4,803,872,379
Aug 19, 2018 5.10 5.38 5.01 5.31 659,969,000 4,620,315,947
Aug 18, 2018 5.54 5.62 4.90 5.10 824,713,000 5,018,727,652
Aug 17, 2018 4.52 5.51 4.52 5.51 1,009,130,000 4,096,350,640
Aug 16, 2018 4.64 4.81 4.49 4.52 654,120,000 4,206,137,065
Aug 15, 2018 4.66 4.90 4.58 4.64 692,546,000 4,224,787,854
Aug 14, 2018 4.62 4.62 4.27 4.58 588,931,000 4,189,656,440
Aug 13, 2018 5.01 5.20 4.55 4.62 666,517,000 4,536,827,739
Aug 12, 2018 5.03 5.19 4.99 5.01 602,163,000 4,558,969,717
Aug 11, 2018 5.28 5.28 4.91 5.02 651,458,000 4,784,832,240
Aug 10, 2018 5.80 5.86 5.22 5.28 771,704,000 5,260,380,255
Aug 09, 2018 5.61 5.95 5.48 5.80 711,726,000 5,084,729,234
Aug 08, 2018 6.60 6.60 5.48 5.59 885,000,000 5,978,783,494
Aug 07, 2018 7.06 7.18 6.59 6.61 572,786,000 6,395,908,647
Aug 06, 2018 7.06 7.17 6.97 7.07 477,949,000 6,394,876,718
Aug 05, 2018 7.00 7.08 6.95 7.06 481,289,000 6,339,489,579
Aug 04, 2018 7.20 7.30 6.92 6.99 465,467,000 6,524,121,153
Aug 03, 2018 7.05 7.26 6.92 7.20 521,404,000 6,386,548,250
Aug 02, 2018 7.24 7.33 6.96 7.06 559,363,000 6,558,379,662
Aug 01, 2018 7.36 7.39 6.98 7.26 699,077,000 6,672,807,179
Jul 31, 2018 7.77 7.77 7.18 7.37 708,842,000 6,961,992,305
Jul 30, 2018 8.34 8.34 7.50 7.77 849,398,000 7,472,990,390
Jul 29, 2018 8.34 8.42 8.17 8.34 615,336,000 7,473,627,136
Jul 28, 2018 8.43 8.43 8.15 8.32 527,104,000 7,550,309,888
Jul 27, 2018 8.31 8.51 8.03 8.41 694,945,984 7,448,687,104
Jul 26, 2018 8.52 8.79 8.25 8.32 644,029,000 7,635,130,000
Jul 25, 2018 8.56 8.84 8.38 8.51 835,307,000 7,667,560,000
Jul 24, 2018 7.97 8.62 7.79 8.60 1,007,480,000 7,138,050,000
Jul 23, 2018 7.88 8.39 7.88 7.97 630,787,000 7,061,180,000
Jul 22, 2018 8.02 8.24 7.82 7.90 497,159,000 7,189,610,000
Jul 21, 2018 7.90 8.24 7.70 8.05 551,660,000 7,078,070,000
Jul 20, 2018 8.40 8.43 7.80 7.90 810,103,000 7,529,680,000
Jul 19, 2018 8.58 8.70 8.19 8.39 852,909,000 7,686,310,000
Jul 18, 2018 8.77 9.21 8.46 8.61 929,459,000 7,862,690,000
Jul 17, 2018 8.07 8.91 7.87 8.78 847,794,000 7,233,440,000
Jul 16, 2018 7.40 8.11 7.27 8.11 716,972,000 6,630,410,000
Jul 15, 2018 6.98 7.52 6.92 7.40 501,440,000 6,258,310,000
Jul 14, 2018 6.96 7.09 6.85 6.99 396,983,000 6,238,630,000
Jul 13, 2018 6.91 7.22 6.79 6.96 586,718,000 6,196,130,000
Jul 12, 2018 7.17 7.18 6.65 6.90 597,380,000 6,427,140,000
Jul 11, 2018 7.21 7.41 6.85 7.19 599,607,000 6,461,270,000
Jul 10, 2018 7.75 7.85 7.18 7.21 707,110,000 6,941,620,000
Jul 09, 2018 8.71 8.74 7.70 7.75 707,878,000 7,804,520,000
Jul 08, 2018 9.04 9.14 8.70 8.71 491,667,000 8,099,590,000
Jul 07, 2018 8.67 9.02 8.47 9.02 490,261,000 7,771,830,000
Jul 06, 2018 8.90 8.92 8.30 8.68 604,650,000 7,979,010,000
Jul 05, 2018 8.88 9.15 8.73 8.93 958,549,000 7,961,000,000
Jul 04, 2018 8.85 9.39 8.56 8.89 935,387,000 7,934,510,000
Jul 03, 2018 8.91 9.35 8.77 8.84 1,006,100,000 7,983,560,000
Jul 02, 2018 8.14 8.99 7.94 8.89 1,024,130,000 7,295,590,000
Jul 01, 2018 8.15 8.22 7.81 8.13 621,643,000 7,300,490,000
Jun 30, 2018 7.74 8.25 7.74 8.13 832,538,000 6,936,720,000
Jun 29, 2018 7.47 7.85 7.18 7.73 802,746,000 6,694,680,000
Jun 28, 2018 8.01 8.05 7.39 7.45 724,915,000 7,179,860,000
Jun 27, 2018 7.48 8.18 7.41 8.01 716,036,000 6,706,320,000
Jun 26, 2018 8.26 8.30 7.49 7.51 629,339,000 7,405,460,000
Jun 25, 2018 8.07 8.51 7.77 8.24 905,012,000 7,233,310,000
Jun 24, 2018 8.46 8.46 7.10 8.09 1,397,600,000 7,583,000,000
Jun 23, 2018 8.67 8.79 8.19 8.41 709,977,000 7,769,800,000
Jun 22, 2018 10.42 10.44 8.48 8.66 1,258,310,000 9,334,830,000
Jun 21, 2018 10.43 10.80 10.28 10.42 662,139,000 9,345,890,000
Jun 20, 2018 10.73 10.77 10.18 10.42 852,287,000 9,616,000,000
Jun 19, 2018 10.72 10.84 10.50 10.73 715,926,000 9,605,830,000
Jun 18, 2018 10.44 10.83 10.23 10.72 720,630,000 9,358,610,000
Jun 17, 2018 10.63 10.76 10.43 10.44 432,121,000 9,521,620,000
Jun 16, 2018 10.65 10.81 10.35 10.63 680,970,000 9,542,290,000
Jun 15, 2018 11.29 11.29 10.57 10.66 936,733,000 10,118,600,000
Jun 14, 2018 10.17 11.57 9.73 11.30 1,409,440,000 9,114,450,000
Jun 13, 2018 10.26 10.34 9.44 10.15 1,266,410,000 9,193,740,000
Jun 12, 2018 11.55 11.55 9.96 10.22 1,052,700,000 10,347,100,000
Jun 11, 2018 11.31 11.64 10.65 11.59 1,570,570,000 10,139,700,000
Jun 10, 2018 14.04 14.04 10.56 11.39 2,317,140,000 12,585,900,000
Jun 09, 2018 14.04 14.82 14.04 14.10 1,175,320,000 12,579,900,000
Jun 08, 2018 14.57 14.72 13.71 14.04 1,105,590,000 13,054,200,000
Jun 07, 2018 13.99 14.59 13.74 14.59 1,017,480,000 12,541,300,000
Jun 06, 2018 14.25 14.26 13.48 13.94 1,022,290,000 12,773,800,000
Jun 05, 2018 13.58 14.23 12.97 14.20 1,445,140,000 12,171,700,000
Jun 04, 2018 14.60 14.82 13.39 13.55 1,297,160,000 13,084,900,000
Jun 03, 2018 14.81 15.29 14.29 14.62 1,631,840,000 13,269,100,000
Jun 02, 2018 12.29 15.61 12.20 14.74 2,884,720,000 10,990,500,000
Jun 01, 2018 12.29 12.40 11.99 12.31 1,058,150,000 10,956,700,000
May 31, 2018 11.97 12.72 11.95 12.28 1,142,810,000 10,653,300,000
5/30/201812.1812.5811.8112.01108133000001269210000
5/29/201811.712.4910.9312.18103630000001877300000
5/28/201812.512.9811.5911.64110438000001580160000
5/27/201812.2912.5912.1512.5110835200000939929000
5/26/201812.2712.831212.35107917000001085630000
5/25/201812.8112.8811.812.29112353000001624390000
5/24/201810.9212.9610.5312.7595579400002161890000
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Risks Involved with Investing in EOS

Before buying the EOS tokens, it is advisable to read the company’s purchase agreement on the official website. The document explicitly states many important points such as:

  • EOS tokens may have no value
  • Purchasing EOS token does not mean that you are purchasing EOS Platform tokens
  • EOS tokens have no rights, uses or attributes, and serve no purpose
  • Buyer may lose all amounts paid

These risks make EOS tokens a highly volatile instrument.  Instead of risking money in this token, it is advisable to consider safer, traditional instruments like mutual funds

EOS Recent News & Development

 

  • According to Whiteblock Inc - a blockchain research and testing company, EOS may not be a blockchain at all. In its damning report published in early November 2018, the firm stated that EOS lacks the necessary attributes required by a blockchain. Some of these key attributes are cryptographical validation and immutability. Instead, as the report stated, EOS is merely a distributed database management system. In simple words, it is just a cloud service with a centralised premise.
  • The report also observed that no mechanism has been put in place by EOS to prevent collusion among block producers. Not only does this lead to a potential monopoly, but owing to its highly centralised nature, it creates a single point of failure for the entire system. There are also no safeguards in place against attackers who could potentially crash the network.
  • Considering the price behaviour of EOS token, it has had a couple of bull runs since its inception. The first one came around the months of December and January - in this period, the price of 1 EOS token reached as high as $18.16. It is also important to note that all the while, the price was highly volatile and it didn’t find a definite heading at all. When the bubble collapsed soon thereafter, the price of the token went down by a little over 50% to touch the $8 mark by early February.
  • The price of the token soared once again in May - this time, the EOS token managed to surpass its previous high to cross the $20 mark. It peaked at $21.46 before eventually crashing over the course of the next few weeks. By June, the cryptocurrency was back to the $10 mark and by August, the same was being traded around the $5 mark. As of early November, the token was seen trading at levels close to that mark.

Disclaimer:

"The Reserve Bank of India (RBI) and Ministry of Finance has frequently cautioned the users, holders and traders of virtual currencies regarding the potential economic, financial, operational, legal, customer protection and security related risks associated in dealing with virtual currencies. RBI also further clarified that it has not given any licence/authorisation to any entity/company to operate schemes or deals related to Bitcoin or any virtual currency. RBI has also barred its regulated entities from dealing or providing services to any individual or business entities dealing with cryptocurrency. The Ministry of Finance has also officially stated that virtual currencies are not legal tender or coin.

A&A Dukaan Financial Service Private Limited (“BankBazaar”) does not endorse investing or dealing in virtual currencies in any manner. The information provided on our website is solely for illustrative purposes and should not constitute investment advice or assistance in investing or dealing with crypto currencies. If you decide to invest or deal in cryptocurrencies, you should be aware that you will be dealing with the respective individuals or business entities dealing in cryptocurrency and BankBazaar has no role in any manner in such transactions or dealings. We strongly advise our visitors to invest in legally recognised financial instruments rather than risking their capital on virtual currencies which are unregulated instruments."

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