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EOS is an investment opportunity you can’t afford to miss, here’s why

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EOS

In this modern age where the number of cryptocurrencies in existence is well over 1,500, with new ones being frequently developed, it seems like you hear about a new virtual currency every day. And as cryptocurrency users looking to invest in a new cryptocurrency, we often get to the point where we are not sure when we should invest and what’s the best option to put our money in the market.

Following Ethereum’s success as a blockchain platform for growing DApps, decentralized applications, the blockchain space ever so often experiences the emergence of some similar platforms with EOS being one of them. The Hong Kong-based blockchain, EOS, has been billed as the Ethereum killer. It promises a decentralized application platform (DApp).

EOS 101

Created by Block.one and Dan Larimer, EOS makes it possible for DApps to scale both vertically and horizontally, and like Ethereum, EOS is a platform that allows other digital coins to come into fruition.

Its main objective is to answer the problems of speed, scalability, and user experience by providing account recovery, doing away with transaction fees, and alike. The blockchain manages to attain this by using Delegated Proof-of-Stake consensus mechanism.

Here I will highlight the reasons why EOS is a good investment opportunity.

EOS Scalability

Blockchain scalability is a real problem especially now when virtual currencies like Bitcoin and Ethereum are competing with more mainstream platforms like MasterCard, PayPal, and Visa; they seriously need to intensify their performance when it comes to transaction time.

Although not being a ‘silver bullet’ to the scalability issue, EOS is built specifically to prioritize scalability performance by ensuring massive adoption of the cryptocurrency is not a problem.

The EOS platform was built to hold millions of users at the same time making use of its blockchain, but even so, scaling is a continuous problem that has a terrible way of going around any attempts of solving it. As soon as developers improve scalability, products adapt until scalability levels are reached again leading to another performance crisis.

Ethereum’s (EOS biggest competitor) Current State

On several occasions, EOS has been compared to Ethereum with both currencies sharing a similar vision of becoming a decentralized space for trading with cryptocurrencies. However, Ethereum seems to be back peddling away from this vision as it requires a lot of time, work, and resources to implement.

In the opposite side of the frame, EOS has continued to pursue this vision making it have scalability, and a better-equipped ecosystem that is leading to the platforms become the primary option users.

EOS Source of Funds

Many of the virtual currencies if not all result in worrying situations when it comes to the facts that relate to funding activities. But thanks to EOS’s efforts and success in creating an inflation system that supports the funding of the blockchain, the digital coin can spare users from transaction cost that could have been used to source for funds.

EOS relies on a 5% annual inflation that is used to pay block producers and for requests of the whole community.

Conclusion

Holding EOS tokens allows you to use its shared network resources. Meaning you will have access to bandwidth, storage, and many other services after investing in EOS. It’s like possessing a digital real estate where the number of digital coins you own provides you with the percentage of space that will be at your disposal.

It is still too early to predict EOS movements in the future and whether it’s going to live up to its expectations. But what can be said is the digital coin has a good team, a grand vision to become great, a successful leader who is an expert in the field, and a lot of potentials. With all this in context, it’s easy to understand why EOS is a safe and smart investment option at this time.

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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.

Image courtesy of Pxhere.com

Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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Altcoins

Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

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Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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Altcoins

BITTREX GLOBAL CONFIRMS FREE TRADING AND LISTING FOR TOP DEFI TOKEN

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Valduz, Liechtenstein, 17th November, 2020, // ChainWire //

International cryptocurrency exchange promotes free trading and no gas fees for leading DeFi tokens

17th November 2020 — Bittrex Global GmbH. announced today 8 new DeFi tokens will be listed this week including:

  • UMA (UMA)
  • Aave (AAVE)
  • Balancer (BAL)
  • REN (REN & renBTC)
  • Kyber Network (KNC)
  • Band Protocol (BAND)
  • YF Link – (YFL)

Bittrex Global’s users can trade all of their DeFi  tokens with no trading or gas fees until 2021. The decision to enable free trading on Bittrex Global for DeFi tokens  follows on from the 1,000% growth of the DeFi asset class over the course of 2020.

The decision to enable free transactions will see more investors enter the Blockchain Act’s digital asset regulatory system, supervised by the Financial Market Authority in Liechtenstein (FMA) under the Due Diligence Act which requires traders to comply with the KYC/AML/CFT standards.

“The last year has seen huge growth in DeFi as an asset class and a number of significant milestones completed,” said Bittrex Global’s CEO Tom Albright. “As the asset class matures and more institutional and professional investors look at the fundamentals, we are likely to see increased demand and higher trading volumes for DeFi in 2021.

We’re really excited about what we’re seeing in the space and want to see these DeFi projects grow and help them build stronger platforms through increased adoption. Offering free trading fees…

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