EOS is a blockchain platform designed for decentralized applications (DApps) and smart contracts. Want to know how to buy EOS? Let’s talk about what the platform does, its native cryptocurrency, and how to buy it on CoinJar.
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 record-breaking US$4.1 billion. (An ICO is a way for new cryptocurrency projects to raise funds.)
However, after the ICO, development did not live up to expectations. The community eagerly awaited the promised advancements but saw little progress. Some community members felt that the owner of EOS, Block.one, did not fulfil its commitments, leading to disappointment and frustration.
Despite the massive ICO, development stagnated, and the ecosystem faced 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.
Despite setbacks, EOS enthusiasts continue to work towards revitalising the platform.
A quick look through the top dApps on the network is an interesting read of how people are using the platform.
A popular play-to-earn game on EOS, Upland 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.
A high-scale NFT platform, AtomicHub is used by millions worldwide. It includes an NFT Explorer, Marketplace, Trading interface, and Creator.
This is an economic strategy game set in the 19th-century Gold Rush era, where players mine resources, build structures, and trade.
Defibox is a decentralized finance (DeFi) project offering features like lending, swapping, and staking.
Create an account: If you don’t have a CoinJar account, sign up on their website. Verify your identity as required.
Deposit funds: Deposit funds into your CoinJar account using your preferred payment method (bank transfer, credit card, etc.).
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 dollars or other supported fiat currencies.
Secure your crypto: After buying your crypto of choice, you can transfer it to a secure wallet (but you can also just keep it on CoinJar as well). Hardware wallets or software wallets with strong security features are recommended.
EOS is a platform for DApps and smart contracts. By understanding its features and following the steps above, you can easily buy it on CoinJar and participate in the EOS ecosystem.
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