Buy EOS in the UK

Why investors buy EOS: EOS is a blockchain platform designed for decentralised applications (DApps) and smart contracts. Let’s talk about what the platform does, its native , and how to buy it on CoinJar.

What is EOS?

EOS, short for “Enterprise Operating System,” aims to provide a scalable and user-friendly platform for dApps. It was developed by a private company called Block.one and launched in 2018.

At the time of its launch, it was a promising smart contract platform aiming to challenge Ethereum’s dominance.

The initial coin offering (ICO) raised a US$4.1 billion. (An ICO is a way for new cryptocurrency projects to raise funds.)

However, after the ICO, many believed development did not live up to expectations. The community eagerly awaited the promised advancements but saw little progress. Some community members felt that Block.one did not fulfil its commitments, leading to disappointment and frustration.

Despite the massive ICO, development stagnated, and the ecosystem faced challenges.

Challenges

Since then, EOS has overcome past challenges and adapted to present demands since its inception.

While it no longer holds its former top-10 position, the community has taken back control and is determined to restore the platform to its former glory.

See standard risk warning at the end of this article.

Despite setbacks, EOS enthusiasts continue to work towards revitalising the platform.

Cool things

A quick look through the is an interesting read of how people are using the platform.

Upland

A popular play-to-earn game on EOS, lets players buy, sell, and flip virtual real estate in simulated cities. It blurs the line between a game and an alternative space for work and socialising.

AtomicHub

A high-scale NFT platform, is used by millions worldwide. It includes an NFT Explorer, Marketplace, Trading interface, and Creator.

Prospectors

is an economic strategy game set in the 19th-century Gold Rush era, where players mine resources, build structures, and trade.

Defibox

This is a project offering features like lending, swapping, and staking.

How to Buy EOS on CoinJar

Create an account: Sign up for a CoinJar account using the app.

Verify your identity: UK residents are required to take an assessment and then wait 24 hours (see below).

Deposit funds: You can move normal everyday money like Pounds (fiat) via your chosen payment method (bank transfer, debit card etc.) into your crypto account.

Navigate to the crypto of choice: Once your account is funded, go to the CoinJar platform and search for it.

Buy: Select the amount you want to purchase and complete the transaction. You can use Sterling (GBP).

Wallets

Protect your crypto: CoinJar provides its own wallet service. It is convenient, however it is an online wallet, so there is a risk that it may be a victim of a cyberattack. Online wallets are also called “hot wallets”.

External Wallets: If you want to hold on to your crypto for a while, you can transfer your crypto to an external wallet. Hardware wallets are also known as “cold wallets” (like Ledger or Trezor) and these are best for long-term storage as they are offline and seriously difficult to hack.

CoinJar has been operating since 2013. CoinJar keep the vast majority of customer assets in cold storage or and maintain full currency reserves at all times.

Why investors buy EOS: Conclusion

EOS is a platform for DApps and smart contracts. By understanding its features and following the steps above, you can buy it on CoinJar in a user-friendly environment and participate in the EOS ecosystem.