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.
| Date | Open | High | Low | Close | Volume | Market 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 |
| 5/30/2018 | 12.18 | 12.58 | 11.81 | 12.01 | 10813300000 | 1269210000 |
| 5/29/2018 | 11.7 | 12.49 | 10.93 | 12.18 | 10363000000 | 1877300000 |
| 5/28/2018 | 12.5 | 12.98 | 11.59 | 11.64 | 11043800000 | 1580160000 |
| 5/27/2018 | 12.29 | 12.59 | 12.15 | 12.51 | 10835200000 | 939929000 |
| 5/26/2018 | 12.27 | 12.83 | 12 | 12.35 | 10791700000 | 1085630000 |
| 5/25/2018 | 12.81 | 12.88 | 11.8 | 12.29 | 11235300000 | 1624390000 |
| 5/24/2018 | 10.92 | 12.96 | 10.53 | 12.75 | 9557940000 | 2161890000 |
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.
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