Cryptocurrencies

Text

When was EOS issued? Learn about the origin of EOS in one article

The EOS token was initially released through an Initial Coin Offering from June 26 to July 1, 2018, raising approximately $4 billion for its development.

Oct 25, 2024 at 04:12 pm

EOS: Origin and Issuance

1. Genesis of EOS

EOS emerged as a blockchain project founded by Block.one, a software company led by Brendan Blumer. Its development began in 2017 with the intention of addressing limitations within existing blockchain platforms, such as scalability, transaction speed, and user experience.

2. Issuance Details

The EOS token (EOS) was issued through an Initial Coin Offering (ICO) held from June 26 to July 1, 2018. During this period, Block.one sold a total of 1 billion EOS tokens, raising approximately $4 billion in funds.

3. ICO Distribution

The ICO proceeds were allocated as follows:

50% allocated to Block.one for development and operations.
25% distributed to ICO participants.
20% designated for the EOS ecosystem and future development.

4. Distribution Timeline

The distribution of EOS tokens to ICO participants followed a schedule:

75% of tokens were vested over a one-year period.
25% of tokens were released immediately.

5. Post-ICO Development

Following the ICO, Block.one continued to develop the EOS blockchain platform, releasing its mainnet in June 2018. Since then, EOS has undergone significant enhancements, including the introduction of smart contract functionality and the implementation of the Delegated Proof-of-Stake (DPoS) consensus mechanism.

6. Conclusion

The EOS token was first issued in June 2018 through an Initial Coin Offering. The funds raised from the ICO were used to develop the EOS blockchain platform, which has evolved over time to address scalability and user experience challenges in the blockchain industry.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

VERUM

$3,124.1517

146.87%

Trade Now
ATA

$0.1762

62.71%

Trade Now
ARC

$0.2775

44.33%

Trade Now
HIVE

$0.4565

44.12%

Trade Now
AI16Z

$1.2759

35.93%

Trade Now
STEEM

$0.3173

35.33%

Trade Now

Latest Crypto News

The Top 10 AI Agents to Watch
2024-12-29 08:25:01
Meme Coin XYZVerse Predicted to Soar 7,400% Before Its Token Generation Event (TGE)
2024-12-29 08:25:01
WallitIQ Emerges as a Strong Contender to Revolutionize the Crypto Market
2024-12-29 08:45:02
WallitIQ (WLTQ) Presale Crosses $1 Million Milestone, Poised to Outshine Dogecoin and Cardano, Aiming for $10 in 2025
2024-12-29 08:45:02
RCO Finance (RCOF) Emerges as a Serious Contender, Attracting Dogecoin Millionaires Betting on Its Success
2024-12-29 08:45:02
Weekly Round-Up: BTFD Coin, Dogs, and Just a Chill Guy Are the Best Meme Coins to Invest in This Week That You Can’t Miss
2024-12-29 08:45:02

Related knowledge

What Is The Difference Between Fungible And Non-Fungible Tokens?

Nov 26,2024 at 01:04pm

Fungible vs. Non-Fungible Tokens: A Comprehensive GuideIn the realm of blockchain technology, the concept of tokens lies at the core of many applications. Tokens represent digital assets that can be used to facilitate transactions, store value, or represent ownership. However, there exists a fundamental distinction between two types of tokens: fungible ...

What is a Public Key Infrastructure?

Nov 23,2024 at 12:30am

What is a Public Key Infrastructure?IntroductionA Public Key Infrastructure (PKI) is a framework that enables secure communication over a network by managing digital certificates and public-key cryptography. PKI plays a crucial role in various blockchain applications, ensuring data integrity, authentication, and non-repudiation.Components of a PKIA PKI ...

What is MEV (Miner Extractable Value)?

Nov 22,2024 at 06:22pm

What is Miner Extractable Value (MEV)?Introduction:Miner Extractable Value (MEV) is a term used to describe the profit that miners can make by manipulating the order of transactions in a block. This manipulation is possible because miners have the ability to choose the order in which transactions are included in a block, and they can use this power to f...

What is a Genesis Block?

Nov 24,2024 at 09:10pm

Decoding the Genesis Block: The Birth of BlockchainIntroductionThe Genesis block stands as the inaugural chapter in the blockchain saga, igniting the spark that revolutionized the world of finance and technology. This foundational block holds immense significance, embodying the inception of immutable ledgers, decentralized networks, and the transformati...

What Is an NFT Game?

Nov 26,2024 at 07:05am

What Is an NFT Game?Non-fungible tokens (NFTs) have taken the digital world by storm, empowering creators, collectors, and enthusiasts alike to own and trade unique digital assets. The integration of NFTs into the gaming industry has given rise to a captivating new realm known as NFT games, where players can not only enjoy immersive experiences but also...

What Is an NFT Marketplace?

Nov 22,2024 at 07:43pm

What Is an NFT Marketplace?An NFT marketplace is a platform that facilitates the buying, selling, and trading of non-fungible tokens (NFTs). NFTs are unique digital assets that represent ownership of a specific item, such as a piece of art, music, video, or other collectible. NFT marketplaces allow users to create, list, and purchase NFTs, with transact...