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.

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:

  1. EOS tokens may have no value
  2. Purchasing EOS token does not mean that you are purchasing EOS Platform tokens
  3. EOS tokens have no rights, uses or attributes, and serve no purpose
  4. 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

 

  1. 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.
  2. 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.
  3. 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.
  4. 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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