Best ICOs in 2018 - EOS

[thamer jamaladdeen]

EOS

The blockchain startup Block.one launched the ICO for its EOS platform in June 2017 and concluded the token sale in June 2018. During the token sale period, EOS managed to raise $4.1 billion to fund the development of its next-level scalable smart contracts platform. EOS is considered by some to be the “Ethereum of China” and has attracted a substantial amount of its investments from individuals based in the People’s Republic.

The ERC20 EOS token started to trade on exchanges on July 1, 2017. After spiking to a value of $5.09 per token, EOS has been trading in the $1.50 to $2.00 range for most of its existence. Today, the EOS token is trading at around $8.00 and has been migrated onto EOS’ own blockchain network.

Why This Worked

EOS is developing a scalable smart contracts platform that has the potential to become a “better” Ethereum, as the Ethereum network suffers from severe congestion issues at times. Scalability is very important for mass adoption of a blockchain network. Hence, EOS is well-positioned to become a major blockchain and smart contract platform in the future.

Lessons Learned

Improving popular existing technologies can be a good recipe for success.A stellar team behind a project increases the likelihood of a successful crowdsale.Backing from leading blockchain investors usually leads to a successful funding round