What is EOS coin? Introduction to the issue price, total amount and white paper of EOS coins

EOS coin, first issued during an ICO in 2018 at $4.10 per coin, has a total supply capped at 1 billion and serves as the backbone of the EOSIO blockchain platform.

Oct 23, 2024 at 11:36 am

EOS Coin: An Overview of Issuance Price, Total Supply, and Whitepaper

1. What is EOS Coin?

EOS coin is the native cryptocurrency of the EOSIO blockchain platform, a decentralized operating system designed for high-throughput and scalability. EOSIO aims to provide a foundation for building decentralized applications (dApps) that can handle millions of transactions per second.

2. Issue Price

EOS coins were first issued through an Initial Coin Offering (ICO) held from June to July 2018. During the ICO, around 900 million EOS coins were sold for $4.1 billion. The ICO price was approximately $4.10 per EOS coin.

3. Total Supply

The total supply of EOS coins is capped at 1 billion. Out of this, around 90% were distributed during the ICO, while the remaining 10% were reserved for block rewards.

4. Whitepaper

The EOSIO whitepaper was published in 2017 by Block.one, the company behind the EOSIO platform. The whitepaper outlines the technical design, architecture, and governance model of EOSIO.

Key Features of the EOSIO Whitepaper:

• Delegated Proof-of-Stake (DPoS): EOSIO uses a DPoS consensus mechanism, where 21 block producers are elected by EOS token holders to validate transactions.
• Scalability: EOSIO employs parallel processing and smart contracts to achieve high transaction throughput and low latency.
• Governance: EOSIO token holders have governance rights, including the ability to vote for block producers and propose changes to the platform.
• Resource Management: EOSIO uses a Resource Credit model to manage resource usage, ensuring fair distribution of CPU, network, and memory resources among dApps and users.

EOS coin is an essential component of the EOSIO blockchain ecosystem. Its limited supply and governance capabilities make it an attractive asset for investors and users who value high-throughput, decentralized solutions.