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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

Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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