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EOS

EOS

What is EOS: A Decentralized Operating System

EOS is a promising, although mysterious project. It is on the cutting edge of blockchain technologies, and is an improvement on the BitShares platform and exchange. Both projects come from the same creator, Dan Larimer, who also invented and built the Steem ecosystem.

EOS is the Future of Blockchain

EOS is coming at the beginning of 2018- a distributed operating system using a system of servers. Owning the EOS token will mean developers can access the network and deploy applications. But using the distributed computing power will not have a cost- instead, developers would only need to stake the coins. Building the EOS network would take time, but once built, it will be a global supercomputer and an ecosystem of applications.

EOS Tokens

The EOS tokens are not finished with their distribution- for almost a year, two million EOS tokens are sold at an auction every day, their price determined by the amount of ETH contributed. In the coming months, a total of 700 million EOS would come to new owners, in addition to the 200 million EOS sold at the first token sale. Another 100 million EOS are reserved for the BlockOne company behind the project.

The large supply of tokens is just one feature, but even then, EOS may keep its value, since some of the coins may be locked in staking mechanisms and voting positions.

EOS is popularized by the daily auctions, and has a constant supply of interested buyers, ensuring liquidity and robust trading.

EOS Coming Soon

EOS Dawn, the key product, is scheduled for the beginning of 2018. Dan Larimer strongly believes the system of servers would allow for fast performance, including a Distributed Proof of Stake securing algorithm and voting on the exact rules of the software.

What Dawn would look like is still a mystery, but if we look at BitShares, its decentralized exchange is working well, despite the usual time lag of decentralized applications. The voting mechanism for the EOS distributed system would ensure that the right version of the blockchain exists, verified by honest players, and if an attack happened, the fake branch would slow down and die out.

The EOS voting and influence system has already been tested with the STEEM project, where owning coins can buy voting rights by locking up the asset. The exact conditions of locking up EOS are not yet known, but so far, the system has worked to establish influence and give voting power in the Steemit social media.

EOS is Exciting

EOS sank to around 50 cents and traded sideways for months, until a sudden breakout took the price to the current levels above $3. The EOS token may have even more power to rise, once its utility in the Dawn ecosystem becomes evident. Therefore, DACXI has chosen EOS, as a token that helps crypto newcomers buy into the future of distributed technologies.

EOS is getting more famous by the minute, as the project promotes itself around the world to crypto enthusiasts. In addition, the coin has climbed to a prominent position within the top 15 of coins and tokens by market capitalization, becoming even more visible and inviting new investors.

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EOS
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EOS
EOS

***DEADLINE - before/on 31 May 2018***

If you are a fan of EOS you might already know that you are currently holding them as ERC-20 tokens on your ethereum wallet.

These tokens are placeholders for real EOS assets that will reside in a proper EOS public address/private key combination when a mainnet blockchain is launched in 1st June 2018.

You need to register your ethereum wallet address so that the EOS mainnet can “see” any tokens you hold on launch day and credit them to an address that you can access on the new blockchain.

Create MyEtherWallet - 0:00 - 8:39
Register EOS - 8:40 - 14:59
Double check/confirm the registration - 15:00 - 16:00

p.s. I think this works almost the same for METAMASK and Ethereum Wallet.

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