Intro to EOS Coin:
Stands for: Ethereum Operating System
Type: crypto currency
Developed by: Dan larrimer (also the creator of Steem and BitShares)
Rank: 5
price:5.23$
Market cap: $4.82 B
Project starts its ICO on: June 26, 2017
EOS coin provides platform for decentralized application. It uses block chain technology. They initially do not have their own block chain so they use ethereum block chain.
EOS have smart contract capability. But the question is what smart contract is?
So Smart contract is readable code rather than binaries. Which is easy to understand.
EOS has raised a record of a whopping $150 million within 5 days of release during the ICO.
Supply of EOS coin:
Total supply of EOS coin is 10 billion. From which 100 million coins are used by team of EOS coin. Other 900 million are distributed.
Figures of supply are
Total supply of EOS coin: 1,006,245,120 EOS.
Circulating supply of EOS coin is: 906,245,118 EOS.
Main focuses of EOS coin:
EOS coin main focus is
Scalability (so that it can adopt the change)
Speed (to increase speed by parallel processing system)
Flexibility (its provides flexibility in development language)
Usability (to provide ease of access and learnability)
Equal opportunity (EOS Token have no predetermined pricing its pricing depend on market demand)
Strengths of EOS Coin:
Parallel processing system which increases the speed of transactions.
EOS does a good job of making interactions with their block chain a user friendly process rather than ethereum.
Moreover ethereum demands user to pay for every interaction while EOS will not do so. Which will increase adoption of EOS.
Which is the strength of EOS coin.
Challenges for EOS Coin:
There are several competitors present in ICC market besides ethereum or cardano. Projects like Crown, RChain, and RootstockISK have not yet released decentralized platforms. Once there platforms are released, it may become easier and cheaper to utilize them. So it’s a major challenge for EOS coin
Competitors of EOS coin:
Ethereum and cardano are well known competitors of EOS coin. They have same use case as EOS.
Cardano is considered as 3rd generation coin. cardano is sitting on 5th number according to coin market cap while etherium is sitting on 2nd position. Eos is sitting on 8th number. cardano and ethereum have very strong teams as compare to EOS. While Eos team is working hard to achieve its motive to beat cardano and etherium.
Can EOS coin be the ethereum killer?
Initially it was considered that EOS can be the ethereum killer. But now it is considered that cardano is the only coin which can beat ethereum.
But it’s only the assumption only Time can tell who will be the ethereum killer.
LISTED Exchanges of EOS coin:
Listed exchanges of EOS coin are:
Binance
Zebpay (Indian exchange)
Bitthumb
IDEX(Decentralized exchange)
OKEX
HitBTC
Wallet of EOS coin:
Wallet is a software program that interacts with various block chain to enable user to send or receive digital currency and maintain their balance by storing private and public keys
Recommended wallets of EOS coin to use are:
• MyEtherWallet
• MetaMask(Google chrome adon)
• Ehtereum wallet
Why to prefer EOS Coin?
EOS Coin uses block chain technology for smart contract space just like ethereum.
It uses same use case as Cardano.
It has no language barrier like NUMB. You can develop your decentralized app in any popular language. While ethereum has specific language.
So EOS coin mixed up the ideas of popular coins.
EOS does a good job of making interactions with their block chain a user friendly process rather than ethereum.
Moreover ethereum demands user to pay for every interaction while EOS will not do so. which will increase adoption of EOS.
EOS coin left behind the numb coin. And trying to beat the ethereum or cardano.
If we talk about popularity of EOS coin than EOS coin is sitting In top 10 coins according to coin market cap in very less time.
So why not you are going to prefer EOS coin? Off course you will.
Increment in Pricing of EOS coin:
If we talk about pricing of EOS coin than its necessary to consider its starting prices. It starts from 1USD and raises its price to 15 USD.EOS do this in very short time.
It’s a prediction that it has capacity to raise its price to 30 USD in near future.
Investment in EOS coin:
EOS coin is not too good or too bad. We can invest on EOS for trading or long term hold. According to my opinion for investment in EOS coin, this coin can be in my priority list. But I cannot consider it as my first priority.
So from investment point of view this coin is an average coin.
Future of EOS coin:
In future Decentralized applications will rule. So different developers will use different coin according to their requirements. Some will use Ethereum some will use cardano while surely some will prefer EOS coin too. It can give 3 to 5x profit. After buying EOS coin first set your plus minus. If you buy it on 5USD. And your plus is 15 USD. Then sell it on 15 $. Don’t care about more profit. Because if coin correction occur you will suffer a loss instead of profit.
EOS coin is not too good or too bad. It can give you less profit. But if you act smartly you will never suffer a loss. But we cannot say anything sure about future of EOS coin.
Is EOS Coin worthy buying?
EOS coin is not too good or too bad. It can give you less profit. But if you act smartly you will never suffer a loss.dont forget to set plus minus point.
EOS increases its worth in very less time. EOS team is working hard and doing shows in every country to increase its popularity.
So I again say it’s an average coin. So keep a long term hold or use it for trade according to your wish.it will surely be beneficial if you act wise.