2023-06-12
EOS is a layer 1 blockchain that support smart contracts. The company that developed EOS blockchain and launched its ICO is block.one. EOS’s key developer is Dan Larimer. He is also the creator of Steemit and BitShares.
The EOS ICO took one full year to finish between June 2017 and June 2018. The ICO sold 1 billion EOS’s ERC20 tokens for $4.2 billion in Ethers. EOS is surely the most successful ICO in the history of crypto. EOS’s ERC20 tokens migrated to its mainnet in June 2018. Finally, EOS blockchain has been launched in June 2018.
EOS tokens do not have maximum supply. It issues new tokens to fund the transactions. EOS inflation is capped at 5%.
At one point EOS is the top 20 most valuable cryptocurrency by market cap. But in 2023, it ranks at number 49 with the fully diluted market cap of $728 million.
Two blockchains are fork of EOS including Telos and Wax. Since inception, EOS has low development activity from blockchain developers.
