The EOS cryptocurrency introduced in July 2017 is the token used for the EOS.IO platform. As with Ethereum and NEO, EOS.IO allows developers to build blockchain-based applications that focus on DApps (decentralized apps), smart contracts, and decentralized autonomous businesses. While the app creation software won’t be released until June this year, the developers at EOS have already started spreading the cryptocurrency. The EOS token has quickly become popular and has established itself as the top 10 currency by market capitalization. Now it has been made available for trading and investing on the eToro platform.
Trade with EOS now
[Cryptocurrencies can fluctuate widely in price and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk.]
What is EOS?
EOS.IO combines elements based on both the Ethereum and the Bitcoin blockchain platform and aims to provide developers with user-friendly tools for developing DApps. While most people usually get familiar with the financial aspect of cryptocurrencies, it is the blockchain element that has contributed to the success of some of the biggest cryptos like Ethereum, NEO, Ripple Labs, and Stellar. In addition to cryptocurrencies with impressive market capitalizations, these companies also enable the creation of real-world blockchain applications.
In order to ensure that they use a wide network when their development platform is launched, block.one made its EOS token available via an Initial Coin Offering (ICO), which lasted almost a year and brought in around 700 million US dollars.
Despite the clarification that investors will only get the cryptocurrency with no ownership rights, it was still a huge success. Block.one said it will use the proceeds from the ICO to develop its EOS.IO platform.
EOS: Built for speed and scalability
According to the company’s whitepaper, the open source platform EOS.IO is being developed to enable instant transactions and great scalability. While some other cryptocurrencies exhibit latency and increased inertia when scaling, EOS claims they won’t suffer from such issues. In addition to being attractive to developers, the platform could also have strong selling points for cryptocurrency traders as speed and scalability could improve the EOS token’s liquidity.
Trade with EOS on eToro
Launching on eToro as part of its ever-growing offering of cryptocurrencies, EOS is another top 10 crypto that can now be traded and invested on eToro’s intuitive trading and investing platform. Investors can buy and sell the crypto on the platform and add it to their cryptocurrency-based portfolio. Combining its impressive market cap and potential to be another formidable addition to the world of DApp development, EOS could be a great addition for both cryptocurrency traders and portfolios of blockchain enthusiasts.
Trade with EOS now
Cryptocurrencies can fluctuate greatly in prices and are therefore not suitable for all investors. Trading in cryptocurrencies is not monitored by any EU legal framework. Your capital is at risk.
* Please note: EOS has a limited daily investment amount on eToro. When it hits its daily limit, it will be closed to new investors and reopened the next day. Hence, it may not be available for investment on a regular basis throughout the day.
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