Eos was once very popular in the past, especially in 2018 when the token's price increased amidst a market decline. Eos was even considered Blockchain 3.0 and had the potential to replace Ethereum due to its technological and financial strength.
Unfortunately, that didn't happen for many reasons: financial shortcomings from BlockOne despite raising approximately 4B USD in the ICO, lack of consensus in development philosophy with Daniel Larimer, competition from other more modern and efficient platforms. As a result, EOS failed to create a new ATH in the 2021 uptrend and was classified as a failed token in the crypto market.
Eos was once maintained by the ENF, tried many ways to return but was ineffective. Helios, secure DeFi, GameFi, Inscription, EVM, Antelope did not bring significant results to the ecosystem, EOS price continuously decreased and disappointed investors. The most recent experiment, RAM & exSat, is underway and is receiving great expectations from the community.
Recently, Eos also changed its logo and tokenomics, and now they're changing their brand and goals to Web3 Banking. They'll also have a new token for this ecosystem, although we don't have more information about it yet. The Vaulta brand may come from the very successful Vault concept on DefiBox.
I don't dare predict the impact of this rebranding event on the project's future. I think it's just an experiment that Eos is conducting when they have nothing left to lose, and it's also the last step for the project to escape the ugly impressions investors have of a failed project. ENF blames BlockOne for everything because BlockOne didn't invest in Eos, but they don't know or deliberately ignore Solana's impressive revival after the FTX collapse. ENF also wanted to create such a strong revival for Eos in 2022 but failed during the crypto winter.
I will follow Vaulta's development this year even though I don't have any expectations for its success, and I don't have any EOS tokens in my account. I even always believe that the market needs to be cleansed so that capital can focus on projects that are truly valuable to the community.
I'd like to know your opinion on this:
- Have you ever invested in EOS tokens? What were the results?
- Do you still believe in the future of Eos/Vaulta after this rebranding event?
- Will you invest in this new native token in Vaulta ecosystem?
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EOS Rebrands to Vaulta as It Shifts Focus to Web3 Banking
Note:- My opinion has been presented in a topic, on BitcoinTalk forum.
- This topic on AltcoinsTalks forum has included a minor change in the way my opinion is presented.
- This statement is to avoid accusations of plagiarism.