Is EOS Crowdsale Going to Break Bancor's Record?
Array

Is EOS Crowdsale Going to Break Bancor’s Record?

-

- Advertisment -

ICOs, the most preferred way to raise funds for cryptocurrency startups have been creating records lately. The recent Bancor crowdsale established a new record after it raised over $150 million in no time. As people become more open to the new mode of fundraising, projects with the potential to offer revolutionary breakthroughs in real-world applications can expect to garner more than enough support from individuals and seasoned investors alike, but in a more informal setting.

Block.One, an enterprise blockchain solutions platform has recently announced the upcoming launch of its token sale. The token, called EOS will be made available for purchase on Monday, 26 June 2017 to the cryptocurrency and investor communities. According to the company, the EOS crowdsale is one of the most eagerly expected ICOs in the community. Taking the recent successful ICOs into consideration, Block.One believes in the EOS token sale’s potential to breach the record set by Bancor ICO to become the biggest ICO of the season.

The company, interacting with the mainstream media outlets has outlined its vision for the EOS powered blockchain platform. They look forward to widespread usage of EOS among large firms to automate processes, monitor assets and to create various decentralized applications.

The available information suggests almost a yearlong ICO, selling 90% of the total number of tokens. During the first five days, Block.One will distribute 20% of the tokens, while the remaining 70% will be distributed over the next 350 consecutive days. After the initial five days, investors will be able to purchase a maximum of 2 million tokens a day.

With 90% of the EOS tokens eventually made available to the community, the platform will hold the remaining 10% of the tokens. The Ethereum protocol based EOS, after the first five days of the token sale will be priced based on the market demand.

In the words of Brock Pierce, the co-founder of Block.One; the EOS token sale will be truly democratized, allowing everyone to have an equal opportunity and access to become part of his company’s initiative.

Ref: Reuters | Image: NewsBTC

Source link

Latest news

5 Major Industries That Accept Bitcoin Payments In 2020

Cryptocurrencies caused quite a stir when they first appeared. Most people didn’t know what to make of...

Bitfinex Is Paying hackers to recover stolen Bitcoin from 2016 hack.

How can you trace $1.3 billion dollars from a Bitcoin heist? The Bitfinex cryptocurrency exchange offers the...

How to Make Margin Trading More Profitable Than Spot Trading

In the financial sector, there are different ways of trading assets and commodities, Both spot trading and...

The 3 Main Reasons Behind Bitcoin’s Rise

Bitcoin is famous for its volatility, but has been unusually calm in recent months. The digital currency...
- Advertisement -Is EOS Crowdsale Going to Break Bancor's Record?

US Banks Can Now Open Bitcoin Accounts? Is This a Good Thing?

Do you remember what was said by the banks against cryptocurrencies? That it's nothing worth talking about...

PlutusDeFi’s Plans To Let Decentralized Finance Fans Lend And Earn On Idle Assets

German-based non-profit dGen speculated the industry could surpass the trillion-dollar mark in the next decade. They wrote...

Must read

5 Major Industries That Accept Bitcoin Payments In 2020

Cryptocurrencies caused quite a stir when they...
- Advertisement -

You might also likeRELATED
Recommended to you