eos token

Without further information from the exchanges, one cannot know which part the exchanges own and which part the customers of the exchange own. There are some areas where we do not possess all the information needed to make definite conclusions on some of our arguments throughout this piece, which is an academic exercise. We make it clear when assumptions are made, and we apply our best objective judgement to areas with unclear or incomplete data. We encourage response and collaboration from the blockchain community, including and especially the EOS community. Readers will note that many data gaps occur when information moves off-chain or to centralized exchanges without transparency, while data abundance occurs where transactions are decentralized and conducted on-chain. However, block.one gives no guarantees on the transferability of the EOS tokens to any EOS platform.

  • Global distribution means the price of EOS is determined globally.
  • Having 21 people hold seats as delegates is a deliberate decision.
  • During the EOS token sale, funds were permitted to be transferred out of the token sale wallet before the token sale ended.
  • This could result in artificially inflated demand for EOS by raising its market price and fuelling speculation and interest in the sale.
  • From the crowdsale contract, all of the funds were transferred into the “EOS-Owner contract” — the red section to the right.
  • Do not send ether (“ETH”) directly from cryptocurrency exchanges, only an ETH compatible wallet.

The EOS Token distribution contract, EOS Token smart contract and the EOS Tokens are being provided on an “as is” and “as available” basis without representations, warranties, promises or guarantees whatsoever of any kind made by block.one. As block.one will not configure and/or launch any EOS Platform, block.one will have no control over when, how or whether the EOS.IO Software is adopted or implemented, or how, when or whether the EOS Platform is launched. As such, you should not expect and there is no guarantee that you will receive any other cryptographic tokens or digital assets now or in the future. Founders tokens were allocated to block.one pursuant to feedback we received from the community in order to ensure that block.one has aligned interests with those participating in the EOS Token distribution.

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The founders https://www.beaxy.com/ represent 10% of the aggregate EOS Token distribution (the “Founders Tokens”). The EOS Token distribution smart contract does not permit block.one to trade or transfer the Founders Tokens during the EOS Token distribution period. EOS tokens are NEAR ERC-20 compatible tokens distributed on the Ethereum blockchain pursuant to a related ERC-20 smart contract (the “EOS Tokens”). Block.one, a Cayman Islands exempted company, is building the EOS.IO Software.


The years since then haven’t been so kind; even the CEO of the EOS Foundation has referred to EOS as a failure. Investing in cryptocurrencies and other Initial Coin Offerings (“ICOs”) is highly risky and speculative, and this article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies or other ICOs. Since each individual’s situation is unique, a qualified professional should always be consulted before making any financial decisions.

Circular Flow: The Case for Smart Contracts that Promote Trust

Now that EOS is seizing a sizeable share of the cryptocurrency market, this growing honeypot running on the DPOS concept will inevitably attract battle testing of its resiliency against censorship. Proof-of-Stake is a consensus mechanism that is currently heavily conceptualized but is not readily implemented in any major protocol for practical reasons. A straight POS security model gives voting power directly in proportion to an individual or entity’s monetary capital. Imagine if the people holding the most US dollar reserves are the same individuals writing and enforcing the law of the United States. I will probably get some EOS, for the simple reason that I think the founders are really on to something with Steemit and the ideas are great. All they need is time and proper funding, and I can see its price increasing in the near future.

  • This 10% is reserved for Block.one and cannot be reduced or increased according to EOS Token Purchase Agreement .
  • In April 2022, the EOS Network Foundation announced the release of an Ethereum Virtual Machine on the EOS network.
  • If you are the site owner , please whitelist your IP or if you think this block is an error please open a support ticket and make sure to include the block details , so we can assist you in troubleshooting the issue.
  • 100,000,000 one hundred million – will be reserved for block.one and cannot be traded or transferred on the Ethereum network.
  • The ERC-20 tokens are Ethereum tokens, and it’s up to the largest token holders of EOS, holding a minimum of 15% of the total issued, to approve the adoption of one or more blockchains running EOS.IO software.
  • In November of that year, EOS Foundation CEO Yves La Rose said EOS “as it stands is a failure,” and that the consensus among token holders is that, “Block.one knowingly misrepresented their capabilities, and this amounts to negligence and fraud.”

We looked at the top ten eos token distribution with the most EOS tokens at time of freezing . Collectively, these ten addresses account for almost 50% of total EOS supply; but as discussed below, five out of the ten appear to be exchange addresses. After the crowdsale ends, the company typically transfers the contributed funds out from the designated funding wallet to other accounts. In this article, we refer to the movement of funds from the funding wallet as the owner, company, or project withdrawing funds.

Getting Started With EOS

Investopedia makes no representations or warranties as to the accuracy or timeliness of the information contained herein. As of the date this article was written, the author did not own cryptocurrency. EOS is a decentralized operating system based on blockchain technology. Currently owned by the block.one company, EOS was launched by Dan Larimer, who is also the founder and creator of established platforms including Bitshares and Steem.

Where are my EOS tokens?

The easiest way to check if your EOS tokens are registered is to input your public Ethereum wallet address where your EOS tokens reside here https://eoscountdown.com/ and click 'Verify my EOS!' . This will tell you if the tokens are registered, how many tokens the wallet owns, and what it's current market value may be.

We were curious to find out where the ETH from the crowdsale flowed after it had been transferred out of the funding wallet. To visualize the flow of funds, we created a Sankey diagram based on the direction and value of the transactions. The green block on the far left side is the EOSSale Contract, which received 7.21 million ETH from contributors. From the crowdsale contract, all of the funds were transferred into the “EOS-Owner contract” — the red section to the right. This contract was the funding wallet, from which ETH was transferred to other wallets.

What the bulls are saying about EOS (EOS)

With Alethio’s data analytics platform, we can tap into the transparency of the Ethereum network to investigate high-profile token sales and help the community understand their mechanics. By helping entrepreneurs, investors, regulators, and enthusiasts understand the nuances behind token sales, we aim to contribute to a more equitable, transparent, and secure decentralized future. Our analysis of the EOS token sale observed token mechanisms, transaction activity, and exchange funding on a scale that is relevant for the Ethereum ecosystem.


EOS is a decentralized blockchain with the ability to power applications on a global scale, which include decentralized applications . Figure 3 — ETH funding that flowed out from the EOS Crowdsale contract The diagram shows the payouts from the EOS funding wallet beginning five days after the token sale began. In the first “layer” of transfers , funds are withdrawn to a total of 21 recipients in varying amounts. On Figure 4, these 21 addresses are the first red “blocks” that funds hit once they begin moving from EOS-Owner contract on the far left area in red on the graph. In total, EOS withdrew funds 99 times, 93 of which occurred within the token sale time frame. Those 93 transfers accounted for approximately 7.75 million ETH withdrawn from their funding wallet, which is 90.8% of the total funds raised through the sale.

Step 3: Withdraw your EOS tokens to your wallet

In this time window, funds were withdrawn, on average, every 3.8 days. The EOS token sale between June 26, 2017 and June ETC 1, 2018 followed a structured, predetermined release schedule according to the purchase agreement . In total, 1 billion EOS tokens were distributed, with 10% of them reserved for Block.one. For the first 5 days of the crowdsale (June 26 — July 1, 2017), the contract distributed 20% of the tokens .

EOS ECR20 token is a ‘place holder’ token to mark ownership before it is transferred to the EOS mainnet in 2018. EOS uses a different address format than ethereum, so you need to register the ‘new’ EOS address with your Ethereum address. If you fail to register the address, when the EOS mainnet is launched, there will be no way to claim your EOS tokens. If you want to get a quick start you can use a desktop wallet, however keep in mind these wallets are generally less secure. For maximum security use a hardware wallet like the Ledger Nano X. EOS has now grown to become one of the top 10 cryptocurrencies and blockchains although it is still a long way off the heights of Ethereuem’s popularity.

A crowdsale contract usually transfers funds to a designated “funding wallet” owned by the company or project which is supposedly more secure and/or has more wallet-like features. In the case of EOS, funds were transferred from EOSSale to a funding wallet labeled as EOS-Owner. EOS’ Constitution states that no user shall own more than 10% of token supply . Adherence to the Constitution, however, is impossible to verify because multiple wallets could be owned by the same party, which would not be apparent based simply on blockchain addresses. Because the EOS token launch lasted one year , we collected and analyzed data between block 3,904,416 and block 5,810,294. In these roughly two million blocks, we examined the flow of funds to and from the EOS Crowdsale Contract and studied their origin and destination addresses.

Why is EOS better than Ethereum?

Ethereum is currently stuck at 15 transactions per second, whereas EOS is planning to raise the bar and scale to millions of EOS transactions per second. This would not only make it the most scalable blockchain in the industry, but it would be able to handle any real-world application.

The EOS token sale is the largest crowdfunding event ever as of the time of this writing . By the time the token sale ended in June of this year, EOS received over $4,000,000,000 in contributions and had risen to one of the highest market caps of all blockchain systems at over $10 billion implied value . Moreover, in October 2017, block.one promised a third-party audit of its token launch, for which the blockchain community is still waiting .


There can be slight variations between exchanges, but big differences can’t arise because traders are always on the lookout for arbitrage opportunities. EOS is often referred to as ‘The Ethereum killer’ by its supporters. On paper, both networks are similar and host dApps, but EOS is shooting for speed and processing power. We now have the formal proposal of the solution for unregistered users published to the EOS Block Producers for review. EOS Argentina have published the transaction and we are now waiting for 15 of the Top 21 Block Producers to approve it. Please give the block producers some time to review the proposed solution.


It will take eos token distribution to create an EOS Blockchain, a lot of things can happen in the mean time. On ethereum, you’d have to rewrite all of that code for all of these standard/ basic features. So, amount of EOS Coins you going to receive, is fully depends from total amount of Ethereum provided in particular day. Compare to 70 % in 350 days period, it is a HUGE amount of EOS Coins. Purchases of EOS Tokens are non-refundable and purchases cannot be cancelled.

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