- EOS is listed on Coinbase
- The token is available in all locations except the United Kingdom and New York
- The listing did not affect the price of the token
EOS, a cryptocurrency designed to support large-scale decentralized applications has just been listed on Coinbase according to a blog post on May 30th by the Coinbase team. EOS has been one of the top tokens in the cryptocurrency industry and this listing further adds to its credit.
EOS, often termed as the Ethereum killer had been listed previously on Coinbase’s professional exchange Coinbase Pro on April 9th. The new addition is already available for trading in all the places Coinbase is currently functional in except for the United Kingdom and New York. Users need to update their Android and iOS applications to start trading EOS on Coinbase immediately.
The blog also states that no transaction fees are required to transfer EOS, the cost is however reimbursed via physical computing resources such as RAM, CPUs, or network bandwidth. This means users can earn EOS by contributing their computational power or network bandwidth. However, the much-awaited listing did not affect the price of the token and the ‘Coin-base’ effect is yet to be seen as history is the witness to many tokens seeing a price surge after being listed on Coinbase, the biggest exchange in America.
About EOS
EOS was created back in 2017 and is till date one of the longest ICO that was run. It has been a tough competition for its rival Ethereum because of its zero transaction fee because it’s based on its network owning mechanism. Besides Ethereum, it’s the only token that’s seen a huge number of DApps being developed on its blockchain especially because of its transaction speed of around 4000 TPS.
The token recently made the news after a hacker faked a $3 trillion transaction under the alias “fuckhacker.x”. Despite all the hurdles the token has been facing the team however did not allow that to stop development. The year has been really fruitful for EOS so far.
On January 11th, 2019, Huobi, the 8th largest exchange by volume reported the launch of the Huobi EOS exchange which after successful trial would offer crypto-crypto trading of select pair of digital assets like EOS/BTC, EOS/ETH.
On May 21, 2019, Block.one, an open-source software publisher announced the launch of the EOSIO Explorer, a web-based visual user interface which can be used by developers to inspect and interact with EOSIO-Based applications. EOSIO is software developed by Block.one in association with the EOS team to enable vertical and horizontal scaling of decentralized applications.
The token is currently trading at $7.44 with a market cap of $6,820,545,762 at the time of writing.
