Eos (EOS)

Eos is a platform that will enable other decentralized applications (dapps) to be built on top of it. Beyond that, it gets pretty technical. This is a project that will mostly be of interested to persons who are quite familiar with coding, and it will seem to be somewhat technologically overwhelming to most of the general public.



Mining/Staking

The project has an interesting method of releasing all tokens. The total number of tokens (exactly one billion) will be released over a period of 350 days. Each day, a number of tokens are "auctioned" off by using Ethereum-based payment and smart contracts. All of the people who bid on each cluster of tokens get a proportionate share of the tokens awarded for that sale period, based upon the relative weight of the Ethereum that they contributed. In other words, if a lot of money is going into the pot, the number of tokens that you get for your own investment gets down. The market dictates the "prices" (actually, rewards) for each batch of coins released.

Development Team

We couldn't find any information about the development team.

Criticisms, Caveats, and Competitors

Other cryptoasset platform projects would be the main competitors for this project. At the time of writing this (February 2018), the mainnet for this project had not yet been released, although the testnet was functional.

Additional Resources

The project's main website: https://eos.io

Link to Wikipedia Page: N/A

Link to Reddit Community: https://www.reddit.com/r/eos

Link to Twitter account: https://twitter.com/eos_io

Link to Team information: N/A

Link to data on Live Coin Watch: https://www.livecoinwatch.com/coins/EOS

Whitepaper: https://eos.io/documents/EOS_An_Introduction.pdf