EOS tokens opened the year at 8.75 USD in the wake of the overhang of price slump witnessed by crypto currencies after the December 2017 earlier price surge.
EOS debuted in July 2017 at a price mark of 1.03 USD. It has witnessed a rollercoaster ride ever since with the highest peak at 18.16 USD on January 13th 2018.
What is EOS Blockchain?
EOS is not just a Blockchain; it is an operating system that has the reputation as the first to be developed on the Blockchain. It affords developers a chance to develop their applications without the burden of establishing their infrastructure from the scratch.
In other words, developers, companies and organizations can leverage on EOS Blockchain to develop apps, host their apps and run operations.
One of the bog pluses that the EOS operating system offers is speed. While Ethereum boasts 30 transactions per second, and Bitcoin, 7 transactions per second; EOS offers millions of transactions per second. This makes the EOS platform suitable for use by banks, and other financial institutions, and corporation.
The Brain Behind EOS
EOS was developed by Dan Larimer, who invented the delegated proof of stake mode as a basis of transaction validation instead of the proof of stake used by Ethereum. It differs further from Bitcoin’s proof of work approach to transaction validation when new blocks need to be authenticated.
Dan Larimer is the founder of Bitshares and Steemit, and also has the reputation of working with Satoshi Nakamoto in designing the earlier Bitcoin protocols.
EOS Beyond Tokens
The EOS business model stands a world apart from the prevailing mass of transactions on the Blockchain that revolves around token sales for access.
EOS tokens are not designed to be used as just a means to access the Blockchain. A holder of EOS token is guaranteed a share of the available bandwidth, computational usage and storage. What this means is that if you hold a given amount of tokens, you can lease out your bandwidth and access on the network to other users so that you are able to monetize your EOS platform share.
EOS tokens is the medium of exchange on the EOS platform, and it also entitles the holder to a further share in bandwidth and computational usage and storage as the blocks are expanded or added to the platform.
How Best to Make Money with EOS Tokens
Flowing from the design of the EOS platform, a holder of EOS token is in good stead to make money in the following ways:
- Buy tokens and lease bandwidth to other users
Since the market value of EOS tokens does not affect the holder’s share on the network, there is no need to worry about a surge or fall prices.
Lease access to other users and bank your proceeds.
2. Hold tokens and reap from bonus distribution
All existing token holders have a chance to benefit from the distribution of bonus tokens based on the allotted bonus assigned at each stage of token sales.
As a token holder, you have a chance to increase your share of the tokens issued if you do not transfer or sell off your tokens before July 2018. At the cut-off date, the existing EOS coins will be replaced with new tokens, and every holder will get the bonus due as already described.
3. Play the Market
The Time –honored principles of playing the market applies to EOS tokens as well. In other words, you can decide to buy your tokens at any stage of the ICO and sell a portion or all of your holdings as the prices rise.
Anyone who was able to buy the tokens at less than $10 will be in good grounds to reap at least a 50 percent pain as the trading price of the token rose to $15 or more in the last week of January 2018.