Categories: Ethereum

Why Invest in EOS?

Click here to view original web page at www.ccn.com
Advertisement

This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below.

EOS.IO, a Hong Kong-based, blockchain-powered project that promises a decentralised application (DApp) platform, has been billed as the “Ethereum killer”.

Can it really usurp the second-largest cryptocurrency in terms of market capitalisation? Many in the crypto and blockchain community think EOS.IO, even at this early stage, could overtake NEO, Ripple Labs, and – eventually – topple Ethereum.

It’s developers, at pioneering startup block.one, managed to pique the interest of investors by publishing a white paper on EOS.IO in 2017. An eye-catching $2 billion was raised by block.one in an Initial Coin Offering.

EOS, the project’s cryptocurrency token, was made available in July 2017, six months ahead of the platform’s grand opening. Thanks to the anticipation and no little hype, EOS soon graduated as one of the top-10 cryptos by market cap.

The EOS.IO platform, which uses C++, has grand ambitions to become the benchmark for blockchain development and smart contracts. Some supporters believe it will trigger mass blockchain adoption. Should that happen, the value of EOS will go through the roof.

Having introducing the token half a year ahead of the platform opening, block.one attracted a significant community of EOS.IO investors. It was a smart move, and that initial financial oomph is one of the many reasons it continues to be backed. That Dan Larimer, who has an impressive record with blockchain projects, is EOS.IO’s lead architect is a big confidence booster to those in the know. Zero user fees is another reason why a cluster of experts think it could have the edge on its competitors.

EOS as a crypto is also a bit different to its rivals, too. Therefore, it represents an interesting asset to diversify any trading portfolio. Those who understand the potential of blockchain – a nascent technology that could completely transform the healthcare and financial industries, among many others – as well as forward-thinking investors, happy to hold, are backing EOS.

The crypto reached a high of $20.78 in late April, 2018, according to global trading and investment platform eToro. A steady rise for EOS is expected, by various industry analysts, in the coming years.

In early 2018 Smartereum.com wrote the EOS “five-year forecast is around $143”, while Coin Fan reckons it will reach $66 by 2021. Wallet Investor predicts it will move to around $95 by 2023.

EOS is one of a number of top cryptos available to trade and/or buy outright on global trading and investment platform eToro. Their motto is “Cryptos Needn’t Be Cryptic” and the team has produced a useful short education video to help investors seeking more information about EOS.

Pros and cons of trading on eToro

Pros

•Straightforward, user-friendly, trustworthy and experienced platform

•Instant execution of trades, thereby locking in a price

•Ability to use CopyTrader and other innovative tools

•Huge cryptocurrency community that shares knowledge and helps each other

•Fast execution

•Regulated company

Cons

•Only nine cryptocurrencies offered by the platform, currently

•Users are unable to withdraw the cryptocurrencies directly

•Users’ cryptocurrencies are held by eToro

Trading EOS is straightforward on eToro

Step 1: Go to www.etoro.com and press ‘Join Now’ to register

Step 2: Once you have signed up, search for ‘EOS’
Step 3: Click on ‘EOS’ and press ‘Trade’

Step 4: Choose either the amount or units to trade (by toggling the icon in the right-hand side) and press ‘Deposit Now’ to open a trade

Want to learn more about trading EOS and other cryptos? Visit www.eToro.com now, and join the online global community.

Buying cryptocurrencies is not appropriate for everybody. Cryptocurrencies are not regulated. They are not backed by governments or central banks. Cryptocurrencies are backed by technology and trust. You will not benefit from the protections available to clients receiving regulated investment services, such as access to the Financial Services Compensation Scheme (FSCS) and the Financial Ombudsman Service (FOS) for dispute resolution. You are at risk of losing all of your invested capital.

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama

Recent Posts

Overstock Will Champion Crypto Despite Cheerleader Byrne’s Exit

Overstock will continue its crypto and blockchain-centric focus despite Patrick Byrne's exit. | Source: YouTube By CCN Markets : Online… Read More

5 hours ago

59-Year-Old Fjällräven Evolves Retail Landscape by Using Blockchain-Based Cryptocurrency for Back-to-School

BOULDER, Colo. (August 22, 2019) — As brands seek ways to engage new, digital-native communities, Fjällräven, the Swedish heritage outdoor… Read More

5 hours ago

Refining The Travel Industry Through Blockchain

If you have travelled before, then you are aware of the myriads of companies that would be involved in a… Read More

5 hours ago

NBA & Blockchain: glimpse of the future?

These days it seems companies quite enjoy adding “2.0” to the end of everything: Internet 2.0, web 2.0, etc. Well,… Read More

5 hours ago

CNBC Analyst Explains Why He is Bearish on Bitcoin

Share Tweet Send Share Earlier this week CNBC Fast Money host Brian Kelly said he is short-term bearish on Bitcoin… Read More

5 hours ago

New York Gym Grit Bxng Accepts BTC Payments

Who would have ever thought that working out and bitcoin could ever go together? Well, thanks to a new Manhattan-based… Read More

11 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More