How To Sell Eos (EOS) in 2023 - Beginners Guide with Screenshots

EOS is the native cryptocurrency of eos.io, a blockchain- based platform that was established to build, host and operate business applications or decentralized applications.

The EOS blockchain claims to be a strong rival to Ethereum due to its enviable features. EOS blockchain was developed by blockchain technology firm Block.one with major contributions from Daniel Larimer and Brendan Blumer, who are reputed to have authored the whitepaper for EOS in 2017. Blumer has assumed the role of CEO of Block.one while Daniel Larimer was the Chief Technology Officer (CTO until his resignation in January 2021.

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The Initial Coin Offering of the EOS token was conducted in 2017, making history as one of the most hyped ICOs of all time, arguably after Ethereum. EOS’ ICO lasted for a year- longer than many of the ICOs launched at the time. Block.one raised up to $4.1 billion from investors. While 90% of the tokens were distributed among investors, 10% went to the founders of the company with allocations spread over a 10-year period. Since its inception year, EOS has attracted investments from millions of investors around the world. The token’s utility and particularly its blockchain’s use case has given it more momentum to attain the relevance it boasts today.

EOS blockchain is a powerhouse in itself. Apart from allowing the development of decentralized applications, the blockchain also operates as a decentralized operating system parading scalability, flexibility and extensive usability. The most interesting feature of the EOS blockchain is what they call horizontal scalability- a feature that allows transactions and smart contracts to be executed simultaneously. This is one of the fronts on which it towers above Ethereum.

The blockchain also runs on the Delegated Proof-of-Stake (DPoS) consensus developed by Daniel Larimer, a co-founder of EOS. The DPoS consensus protocol type not only ensures that transactions are confirmed at super-fast speed and zero costs, but hodlers of the EOS token can partake in key governance decisions such as appointing block producers, using EOS, native and governance token. Essentially, the blockchain claims to be highly decentralized with less involvement from Block.one.

EOS is believed to have been named after the Greek female god ‘Eos. However, some still believe the EOS is an acronym for Eletro-Optical System. The EOS token forms a core feature of its blockchain’s ecosystem. EOS has a circulating supply of 957 million and a total supply cap of 1 billion tokens according to CoinMarketCap.