EOS.IO software by block.one wants to “Decentralize Everything”. Mr. Larimer has already put two notable blockchain systems live: BitShares and Steem.
The successful ICO campaign of EOS surpassed the amount of capital raised by billionaire investor Tim Draper-endorsed Bancor Network in its ICO.
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Cryptocurrency exchange Kraken has announced today support for EOS trading. The EOS Token distribution, which began last Monday has already raised over $185 million through the first week.
While many saw BitShares’ introduction of market-pegged assets as a much-needed hedge against cryptocurrency volatility, others saw the project as overly convoluted and deceptive. And, many were flustered by Larimer’s abrupt exit from BitShares, which left the entity with no clear path forward.
The crypto markets have spent the last week struggling to stay above the $100 billion threshold, and that fight continued on Wednesday.
ICOs, the most preferred way to raise funds for cryptocurrency startups have been creating records lately. If the EOS token does not have any uses, purpose, or functionalities then purchasing the token seen superfluous.
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