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EOS (EOS) Has the Evolution Airdrop for Fair Voting

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EOS Evolution Airdrop

It all started two weeks ago when EOS dev team announced via Steemit that they are planning on establishing fair block production voting. Apparently, ever since three weeks ago, when Bitfinex and Huobi have announced that they are going to become block producers on EOS network, the dev team new that they need to find the solution for establishing fair block production voting, that way preventing great market exchanges like Bitfinex and Huobi to set their hegemony in the voting system of the EOS network. That’s how EOS dev team realized that the time has come to have an airdrop, called Evolution Airdrop. Let’s see what good Evolution Airdrop could do for EOS.

EOS and Establishing Fair Block Production Voting

It is essential for all holders and investors to know that they are acquiring more than just units of a digital asset when buying EOS. Apparently, by owning units of EOS, you become eligible for voting, meaning that you are entering the system of block production by having a certain amount of EOS units.

Naturally, the system works in a way that allows you to vote but only proportionally to the number of tokens you have in your wallet. Besides, the amount of your EOS is at the same part a part of a public digital wallet where it serves the purpose of voting in favor or against a certain project, system suggestion or any other proposed action on the EOS network.

Since Huobi and Bitfinex represent one of the biggest exchange networks in the market and among the crypto community, EOS wants to prevent these exchanges from having a massive power over EOS network, knowing that these networks would be able to buy great amounts of EOS units, which would consequently allow them to acquire a great power of voting, proportionally to their amounts of EOS.

However, EOS has found a simple way to make sure that there would be equality and fair token distribution across the network by organizing an airdrop that took place on May 10th.

Before releasing the airdrop, EOS made sure to explain to all holders and investors why the Evolution Airdrop is taking place, as well as how you can become a part of it, in order to aid in establishing a fair ecosystem on the EOS network where voting wouldn’t be taken advantage of  by massive exchange markets like Bitfinex and Huobi.

EOS and the Evolution Airdrop

In the spirit of establishing fair block production voting and making sure that great exchange markets like Bitfinex and Huobi won’t be able to hold a monopoly over the EOS network while controlling the inflow of their profit, EOS dev team has had another announcement on Steemit, seven days ago, on May 4th.

On this occasion, the team has answered the question: Why and Airdrop?

That is how they have explained to the public that the Evolution Airdrop doesn’t represent an ICO, but works in a way that will allow all tokens to get evenly and equitably distributed across the network, that way honoring fairness, decentralization and the crypto community.

The airdrop took place today, around 5 pm, on May 10th, and Evolution Tokens will be equally distributed through the following months with two separate airdrops, the Initial Airdrop that took place on May 10th and Scale Airdrop, that will take place afterward in the following months.

The public will be additionally informed about the next airdrop. There will be 5 billion Evolution Tokens, of which 4.5 billion will be distributed across the network during the next following months, that way preventing exchange markets like Bitfinex and Huobi to establish their hegemony on EOS ecosystem.

How is EOS doing at the Current Moment?

As of a couple of days ago, on May 9th, a good number of currencies started to follow the latest trend, meaning that a significant portion of cryptos was trading in the green. We can see this trend persisting even today, so EOS, along with the majority of tokens and coins, is going up against the dollar while trading in the green.

After the most recent change in the market, the coin has has gone down for 10% against the dollar last 24 hours (following the current market trend, all coins are going down), which is a significant movement in oppose to its performance noted in the last 60 days.

Still holding onto its newly acquired spot as the fifth-best currency, EOS can currently be traded at the price of 13.73$ per one unit, which has dragged the coin quite away from its latest record price of 21.40$ per one unit as set back at the end of April.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Chart courtesy of Driko via Flickr

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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