EOS Mainnet Launch is Here: What’s Hot & Will EOS Price Shake the Red Off?

By Disha Gautam
Published June 1, 2018 Updated August 8, 2019
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EOS Mainnet Launch is Here: What’s Hot & Will EOS Price Shake the Red Off?

By Disha Gautam
Published June 1, 2018 Updated August 8, 2019

As EOS is set to launch its Block.One’s EOSIO 1.0 software, the EOS is witnessing a halt situation for time being. From building its own blockchain to developing a delegated proof-of-stake as a consensus mechanism, the launch is keenly looked with welcoming eyes.

Block.one finally closes the token sale

Revolutionizing the operational technology, the launch has undoubtedly gained a support even before coming to the market.

Assessing the danger ahead EOS communicated,

“We encourage everyone in the community to remain on high alert for scams, phishing hacks, and other activities from bad actors. Please stay tuned to official EOSOI channels for official information”.

According to Block.One:

“ it is critical that users do not download, compile, install or run software from untrusted GitHub repositories. Please use caution before using any community efforts, as Block.one will not review, certify, nor endorse any specific effort”.

After around a year of it coming into existence, Block.one, the company behind EOS coin is to witness a close after USD $4 Billion net token sale.

Block.one hasn’t specified as to how it plans to spend. But coming from market instincts and sources, it plans to give USD 1 Billion to a venture partnership. While the rest of USD 3 Billion in its chest is enough to set it at a position where it can become a real-time rival to the giant Ethereum. This is indeed a legitimate competitor coming on firm grounds to face its rival.

Also, read: Tron MainNet Launch: Leaving No Stone Unturned to Become a Powerful Cryptocurrency

Platforms gear themselves up for the launch

Binance, a leading firm has halted its EOS trading. This move has come in the wake of the launch that is set to come in any real time soon today. It stopped its withdrawal and deposits of EOS from 31 May 0:00 AM UTC.

In its statements, Binance has announced EOC ERC 20  swap to begin by today itself and trading to resume after swap and release of EOSIO platform.

Considering the upcoming turbulence so predicted, analysts in crypto market holds the view of witnessing a shooting upsurge in EOS coin trade. It also ensured its users to remain panic free as they are already much vigilant and will take required measures in this regard.

Also, other exchange platforms like Bitfinex, Kucoin, Cobinhood, BigONE, Bitbns, OCTBTC, CoinSpot, OKEz, BitMart, Mercatox, Zebpay, coinDCX, and Kraken have shown enthusiasm and support for the launch.

Stackexchange, which is accounted for holding numerous crypto channels and also the official edition of EOS. It Is also live and can be accessed by the ones who wish to get authentic news regarding numerous varied ongoings.

As tweeted by EOS,

“the EOSOI Stack Exchange site is now fully open to the public and community members have been asking on various channels about how it works and how to get the most from it. Here’s a response from our Developer’s Relations team via #AskBlockone. http://t.co/Ktt9LBXbL2”.

The much-awaited EOS MainNet launch is finally here, however, it is yet to be seen if EOS price will see a surge. However, the market seems bearish right now as the top 5 coins goes red. The recent Mainnet launch of Tron didn’t have any effect on EOS price and EOS price is down by 2.52 percent, we can just wait and watch for now!

Do you think bulls will take charge with EOS MainNet launch? Share your thoughts with us!


The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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