EOS is the work of its creator Dan Larrimor who is also the engineer and architect behind Bitshares and Steem.

EOS is not an officially defined acronym but was designed to solve the reoccurring problems of blockchain scaling, costs and hurdles to adoption (of blockchain technology) for traditional companies.


Official Website: https://eos.io/

Key Facts

  • The project started its ICO on June 26, 2017; and lasts for a year to maximise distribution.
  • EOS competes with Ethereum in smart contract development. ECR20 like tokens can be created on EOS.
  • EOS contains a constitution which everyone agrees on and is linked to every block produced.
  • The current EOS model allows for the potential of 5% inflation, used to develop the network further. The initial target of tokens is one billion.
  • There will be no pre-mine of EOS tokens or mining of any sort. There will only be Producers (similar to Witnesses in Steem).
  • EOS is similar to a decentralised operating system, allowing developers to build applications. Owning EOS tokens is a claim on EOS resources and a developer needs to own EOS coins to use the EOS blockchain.
  • The ‘founders tokens’ represent 10% of aggregate token distribution.
  • Minimum contribution accepted during any period of EOS token distribution is 0.01ETH

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