LIVEEOS RAM
@eostools
EOS RAM,一种系统每天都在自动拉盘的稀有资源！
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EOS RAM is booming, on-chain lending rates are rising: a great opportunity to seize the market opportunity
Recently, with the boom in the EOS RAM market, on-chain lending rates have increased significantly, providing investors and developers with unprecedented opportunities. The surge in demand for EOS RAM has promoted the overall activity of the EOS economy and made more people aware of the potential in this ecosystem.
What is EOS RAM?
EOS RAM is a resource used to store smart contract data. With the arrival of applications such as EVM, RAMS, DROPS, EXSAT, and the increase in the number of users, the demand for RAM has also increased. Its scarcity and high demand have led to a rapid rise in prices, attracting the attention of a large number of investors and developers.
What is EOS RAM?
EOS RAM is a resource used to store smart contract data. With the arrival of applications such as EVM, RAMS, DROPS, EXSAT, and the increase in the number of users, the demand for RAM has also increased. Its scarcity and high demand have led to a rapid rise in prices, attracting the attention of a large number of investors and developers.
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A letter to all old EOS users!
Dear old EOS users:
Time flies, and we have witnessed the prosperity and vitality of the EOS community. In that passionate and creative moment, we explored the infinite possibilities of the digital world together and left many precious memories.
However, as time goes by, we may drift apart, and the busy life makes us neglect the enthusiasm and companionship of each other. But I believe that deep down in our hearts, the love for EOS still exists.
Now, I sincerely invite you to return to the EOS RAM Chinese community. This is a vibrant and creative place where a group of like-minded people who love EOS gather together. Here, we can discuss the latest technology trends, share our insights and experiences, and work together to contribute to the development of EOS.
Time flies, and we have witnessed the prosperity and vitality of the EOS community. In that passionate and creative moment, we explored the infinite possibilities of the digital world together and left many precious memories.
However, as time goes by, we may drift apart, and the busy life makes us neglect the enthusiasm and companionship of each other. But I believe that deep down in our hearts, the love for EOS still exists.
Now, I sincerely invite you to return to the EOS RAM Chinese community. This is a vibrant and creative place where a group of like-minded people who love EOS gather together. Here, we can discuss the latest technology trends, share our insights and experiences, and work together to contribute to the development of EOS.
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Due to the recent popularity of EOS RAM, the interest rate on EOS chain is too high. If you have idle EOS, you can deposit it into BOX lending, and the current interest rate is 60% annualized! If you are optimistic about EOS and hold it, depositing it in BOX lending agreement is a good choice.
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Recently, EOS RAM hit a high and then fell back, which made many new players a little panicked. In my opinion, the fundamentals of EOS RAM's rise have not changed. The high rise and fall back are normal market phenomena. Secondly, the high interest rate of EOS lending on the EOS chain has also caused some players who previously borrowed EOS to buy RAM to exit the market. All EOS RAM transactions are transparent and can be checked!
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Unlocking the potential for EOS RAM market to grow 25 times
The EOS network’s RAM market has performed well this year and has the potential to continue to grow based on three key factors:
Supply Shock: EOS block producers (BPs) made a critical decision to stop the inflation of RAM supply with each new block. In any market, price is driven by the balance of supply and demand. By eliminating the constant influx of new RAM, BPs essentially set the market up for a rally. This change was recognized by many savvy players who understood the impact of the price increase.
External Demand Injection: The recent tokenomics proposal by the EOS Network Foundation (ENF), which has now been approved, has injected a significant amount of capital (estimated to be eight figures in USD) into the RAM market. This has created a strong wave of external demand, further supporting and boosting the RAM price.
Supply Shock: EOS block producers (BPs) made a critical decision to stop the inflation of RAM supply with each new block. In any market, price is driven by the balance of supply and demand. By eliminating the constant influx of new RAM, BPs essentially set the market up for a rally. This change was recognized by many savvy players who understood the impact of the price increase.
External Demand Injection: The recent tokenomics proposal by the EOS Network Foundation (ENF), which has now been approved, has injected a significant amount of capital (estimated to be eight figures in USD) into the RAM market. This has created a strong wave of external demand, further supporting and boosting the RAM price.
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EOS has not died even after suffering the devastating disaster of “the project owner ran away”. There are still so many individuals and groups building the ecosystem for EOS. As a long-term holder of EOS, what reason do you have not to be optimistic about EOS and EOS RAM in 2024!
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$BTC $ETH $EOS #EOSRAM
Why so-called "fools" may indeed be more likely to get rich than "smart people" in some cases? Here are some possible reasons:
1. Simple thinking, decisive action:
Fools tend not to analyze and think about complex details too much, and they prefer to act directly. This decisive action allows them to seize opportunities quickly without missing out on opportunities due to over-analysis.
2. Fearless of risk:
Fools may not understand and perceive risks as well as smart people, so they are more likely to take bold actions. Sometimes, this fearlessness can bring high returns because they dare to enter areas that smart people may avoid.
3. Perseverance:
Fools may not be easily defeated by failure. They tend to keep trying until they succeed. Smart people may reevaluate and change direction when they encounter difficulties, resulting in missing some opportunities that can be obtained by persistence.
4. Social skills: Some so-called "fools" may have strong social skills. They are able to build good relationships with all kinds of people and gain support from their connections. In the business world, relationships and networks are often more important than pure intelligence.
5. Focus: Fools may be more likely to focus on one area or one project without being distracted by other potential opportunities or distractions. This focus can lead to deep expertise and continuous improvement, which leads to success.
6. Not bound by traditional thinking: Fools are less likely to be bound by traditional thinking patterns or rules. They may take unconventional methods and paths to find innovative business models or market opportunities. "Fools" look at things without prejudice. Even if they step on the same road and fail, they will continue to try.
7. Blessing of luck: Sometimes, success requires a certain amount of luck. As the old saying goes, fools have foolish luck. Fools may accidentally choose the right time and place to enter a fast-growing industry or market, thereby achieving rapid wealth.
Think carefully, is the RAM community growing stronger and stronger with the persistence of a group of "fools"? The RAM community will become the greatest community in the cryptocurrency circle. RAM will become the most valuable investment in the future.
Why so-called "fools" may indeed be more likely to get rich than "smart people" in some cases? Here are some possible reasons:
1. Simple thinking, decisive action:
Fools tend not to analyze and think about complex details too much, and they prefer to act directly. This decisive action allows them to seize opportunities quickly without missing out on opportunities due to over-analysis.
2. Fearless of risk:
Fools may not understand and perceive risks as well as smart people, so they are more likely to take bold actions. Sometimes, this fearlessness can bring high returns because they dare to enter areas that smart people may avoid.
3. Perseverance:
Fools may not be easily defeated by failure. They tend to keep trying until they succeed. Smart people may reevaluate and change direction when they encounter difficulties, resulting in missing some opportunities that can be obtained by persistence.
4. Social skills: Some so-called "fools" may have strong social skills. They are able to build good relationships with all kinds of people and gain support from their connections. In the business world, relationships and networks are often more important than pure intelligence.
5. Focus: Fools may be more likely to focus on one area or one project without being distracted by other potential opportunities or distractions. This focus can lead to deep expertise and continuous improvement, which leads to success.
6. Not bound by traditional thinking: Fools are less likely to be bound by traditional thinking patterns or rules. They may take unconventional methods and paths to find innovative business models or market opportunities. "Fools" look at things without prejudice. Even if they step on the same road and fail, they will continue to try.
7. Blessing of luck: Sometimes, success requires a certain amount of luck. As the old saying goes, fools have foolish luck. Fools may accidentally choose the right time and place to enter a fast-growing industry or market, thereby achieving rapid wealth.
Think carefully, is the RAM community growing stronger and stronger with the persistence of a group of "fools"? The RAM community will become the greatest community in the cryptocurrency circle. RAM will become the most valuable investment in the future.
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$BTC $ETH $EOS
The former "top streamer" started a new business: EOS still has the potential to reach the top again
The genius founder, $4 billion crowdfunding, and the super node election with a luxurious lineup under the huge community scale... At the beginning of its birth, EOS's high community popularity and outstanding technical advantages have amazed countless people. Since it can be regarded as the "top stream" in the past, it proves that EOS itself has the characteristics of becoming a top stream:
On the one hand, the popularity of the past has helped EOS complete rounds of solid user awareness education, and also given the EOS project a strong passerby plate;
On the other hand, EOS technology is still in the forefront. The advantages of the entire EOS architecture have always been obvious, with low transaction costs, high performance, low latency and smooth experience. It has been operating stably for 6 years without any major accidents. It has many years of stable operation experience, which is very valuable for the development of a public chain. It is also very important for carrying hundreds of millions of users and supporting the stable and smooth operation of dApp.
And under the efforts of a number of entities such as the EOS Network Foundation, EOS Labs, and ENV, with the implementation of various ecological support measures and the deployment of a new token economic model, the EOS ecosystem is about to have a second life: the popularity of EOS RAM is a strong proof of this trend, and the emergence of exSat also introduces infinite reverie for the future development of EOS.
It is true that the EOS ecosystem has experienced many twists and turns since the official launch of the mainnet in 2018, but the community's tenacious vitality and strong cohesion still support the continuous development of EOS. In the future, EOS ecosystem-related work will continue to advance at a high speed, and we look forward to EOS opening the next chapter of vigorous development.
The former "top streamer" started a new business: EOS still has the potential to reach the top again
The genius founder, $4 billion crowdfunding, and the super node election with a luxurious lineup under the huge community scale... At the beginning of its birth, EOS's high community popularity and outstanding technical advantages have amazed countless people. Since it can be regarded as the "top stream" in the past, it proves that EOS itself has the characteristics of becoming a top stream:
On the one hand, the popularity of the past has helped EOS complete rounds of solid user awareness education, and also given the EOS project a strong passerby plate;
On the other hand, EOS technology is still in the forefront. The advantages of the entire EOS architecture have always been obvious, with low transaction costs, high performance, low latency and smooth experience. It has been operating stably for 6 years without any major accidents. It has many years of stable operation experience, which is very valuable for the development of a public chain. It is also very important for carrying hundreds of millions of users and supporting the stable and smooth operation of dApp.
And under the efforts of a number of entities such as the EOS Network Foundation, EOS Labs, and ENV, with the implementation of various ecological support measures and the deployment of a new token economic model, the EOS ecosystem is about to have a second life: the popularity of EOS RAM is a strong proof of this trend, and the emergence of exSat also introduces infinite reverie for the future development of EOS.
It is true that the EOS ecosystem has experienced many twists and turns since the official launch of the mainnet in 2018, but the community's tenacious vitality and strong cohesion still support the continuous development of EOS. In the future, EOS ecosystem-related work will continue to advance at a high speed, and we look forward to EOS opening the next chapter of vigorous development.
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EOS Network Foundation leads the way, more initiatives empower ecological development
As a collaboration, decision-making and information sharing platform for the EOS ecosystem, the EOS Foundation will strive to listen to the voice of the community, support high-quality community projects, and provide future planning, funding and sponsorship, and key infrastructure support for the EOS ecosystem. Previous efforts made by the EOS Network Foundation include:
1. Continuous performance optimization. The EOS Network Foundation strengthens the construction of EOS infrastructure and effectively helps developers to enter the EOS network for development and construction more simply and comfortably. At present, the EOS Network Foundation has established nine core working groups, including Core+, API+, and Wallet+, to improve infrastructure from different angles such as performance, API, and wallets, and make up for the shortcomings of ecological development.
2. EVM compatibility: Promote EOS to open the door to the wider Ethereum and even EVM ecosystem. Yves La Rose, CEO of the EOS Foundation, said on social media that EOS's EVM is the most powerful EVM to date, with performance 25 times that of Avax and 3 times that of Solana, and it also has Ethereum-level security and reliability.
3. Ensure security. EOS itself is an old public chain that has been operating stably for 5 years, so the security of EOS is not comparable to other emerging public chains. In addition, the EOS Network Foundation has also established two major working groups, Audit and Recover+. The former is responsible for auditing, and the latter responds to hacker crisis events to further protect security.
Of course, in addition to this, the EOS Network Foundation has also promoted the birth of other ecological organizations, such as the establishment of EOS Network Venture Capital (ENV) and EOS Labs. The three jointly serve the EOS network but have different tasks and complement each other, and are jointly committed to the development of the EOS ecosystem.
The EOS Network Foundation is a non-profit organization whose mission is to enable enterprises, developers and individuals to build on the EOS network. It is responsible for the maintenance and development of the EOS software stack, represents the network through ecosystem information materials, and provides funding for public goods within the ecosystem.
ENV will complement the work of ENF as an independent for-profit entity that is able to promote partnerships and attract external capital to invest in projects that benefit the EOS ecosystem while generating profits for the network.Previously, ENV launched a $100 million EOS ecosystem fund to empower Web3 entrepreneurs.
EOS Labs aims to become an incubator to enhance the competitiveness of the EOS ecosystem. EOS Labs' responsibilities focus more on incubation and research, while ENV's responsibilities focus more on investment. Previously, EOS Labs teamed up with NFT platform UBOX.io to launch the UB ChainPass program. The first project of the program was the EOS Landmark NFT jointly issued with EOS Labs - the first NFT with storage value. Each NFT has a corresponding face value of EOS as a value anchor and can be 100% redeemed at any time.
Faced with the brand-new EOS ecosystem, many people have changed their attitude towards the future development of EOS: getting rid of the inflationary economic model reform, coupled with the multi-pronged ecological construction, this round of bull market may be a huge opportunity for EOS to overtake on the curve.
EOS Network Foundation leads the way, more initiatives empower ecological development
As a collaboration, decision-making and information sharing platform for the EOS ecosystem, the EOS Foundation will strive to listen to the voice of the community, support high-quality community projects, and provide future planning, funding and sponsorship, and key infrastructure support for the EOS ecosystem. Previous efforts made by the EOS Network Foundation include:
1. Continuous performance optimization. The EOS Network Foundation strengthens the construction of EOS infrastructure and effectively helps developers to enter the EOS network for development and construction more simply and comfortably. At present, the EOS Network Foundation has established nine core working groups, including Core+, API+, and Wallet+, to improve infrastructure from different angles such as performance, API, and wallets, and make up for the shortcomings of ecological development.
2. EVM compatibility: Promote EOS to open the door to the wider Ethereum and even EVM ecosystem. Yves La Rose, CEO of the EOS Foundation, said on social media that EOS's EVM is the most powerful EVM to date, with performance 25 times that of Avax and 3 times that of Solana, and it also has Ethereum-level security and reliability.
3. Ensure security. EOS itself is an old public chain that has been operating stably for 5 years, so the security of EOS is not comparable to other emerging public chains. In addition, the EOS Network Foundation has also established two major working groups, Audit and Recover+. The former is responsible for auditing, and the latter responds to hacker crisis events to further protect security.
Of course, in addition to this, the EOS Network Foundation has also promoted the birth of other ecological organizations, such as the establishment of EOS Network Venture Capital (ENV) and EOS Labs. The three jointly serve the EOS network but have different tasks and complement each other, and are jointly committed to the development of the EOS ecosystem.
The EOS Network Foundation is a non-profit organization whose mission is to enable enterprises, developers and individuals to build on the EOS network. It is responsible for the maintenance and development of the EOS software stack, represents the network through ecosystem information materials, and provides funding for public goods within the ecosystem.
ENV will complement the work of ENF as an independent for-profit entity that is able to promote partnerships and attract external capital to invest in projects that benefit the EOS ecosystem while generating profits for the network.Previously, ENV launched a $100 million EOS ecosystem fund to empower Web3 entrepreneurs.
EOS Labs aims to become an incubator to enhance the competitiveness of the EOS ecosystem. EOS Labs' responsibilities focus more on incubation and research, while ENV's responsibilities focus more on investment. Previously, EOS Labs teamed up with NFT platform UBOX.io to launch the UB ChainPass program. The first project of the program was the EOS Landmark NFT jointly issued with EOS Labs - the first NFT with storage value. Each NFT has a corresponding face value of EOS as a value anchor and can be 100% redeemed at any time.
Faced with the brand-new EOS ecosystem, many people have changed their attitude towards the future development of EOS: getting rid of the inflationary economic model reform, coupled with the multi-pronged ecological construction, this round of bull market may be a huge opportunity for EOS to overtake on the curve.
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exSat’s technology stack combines multiple consensus mechanisms, including PoW for BTC miners, PoS for BTC staking validators, and the DPoS data consensus extension protocol powered by EOS. The platform takes advantage of EOS block space to enable on-chain storage of block data.
EOS RAM also plays an important role in the parsing and storage of relevant data. All of this is happening at a time when RAM is becoming increasingly popular as an important utility for Web3 developers. Because RAM is actual physical RAM, deeply embedded in the computer, it can achieve multi-layer indexing.
exSat’s system has validators or synchronizers who work together to create the trust and robustness of POW, and we use real Bitcoin miners to achieve this. If a miner has produced a block in the past 72 hours, they can push that information to our validators. The validators run the POS mechanism, verify that the information they receive from the actual miners is correct, and then write the data to RAM on EOS. The result of this is that we have access to the full UTXO data, which is about 60 GB of data, which is very expensive to write and access on other chains, but because exSat is backed by EOS, this can be extremely cost-effective and scalable.
exSat has synchronizers pushing data, validators have an incentive to read the data and ensure the data is correct, they need to wait for six confirmations or about an hour, and validators also need to stake Bitcoin and store it in an insured custodian. Then exSat mints wrapped Bitcoin for governance, users can deposit Bitcoin, and validators can choose to grant credit immediately and charge a small fee, or wait an hour and then wait for six Bitcoin confirmations. This way users can use their Bitcoin on a scalable solution and start interacting with applications, DeFi, etc.
In the future, exSat's solution will be open to other second-layer networks. Most second-layer networks are very expensive to generate their own index data, and exSat makes this data open to everyone. Anyone can use exSat's EVM smart contract to access UTXO data.
exSat is another example of EOS performance and scalability following platforms such as EOS EVM and EOS Stablecoin Chain (ESCC). This demonstrates the tremendous flexibility and performance provided by EOS, and introduces unlimited imagination for the subsequent development of the EOS ecosystem.
EOS Network Foundation leads the way, and more initiatives empower ecological development
exSat’s technology stack combines multiple consensus mechanisms, including PoW for BTC miners, PoS for BTC staking validators, and the DPoS data consensus extension protocol powered by EOS. The platform takes advantage of EOS block space to enable on-chain storage of block data.
EOS RAM also plays an important role in the parsing and storage of relevant data. All of this is happening at a time when RAM is becoming increasingly popular as an important utility for Web3 developers. Because RAM is actual physical RAM, deeply embedded in the computer, it can achieve multi-layer indexing.
exSat’s system has validators or synchronizers who work together to create the trust and robustness of POW, and we use real Bitcoin miners to achieve this. If a miner has produced a block in the past 72 hours, they can push that information to our validators. The validators run the POS mechanism, verify that the information they receive from the actual miners is correct, and then write the data to RAM on EOS. The result of this is that we have access to the full UTXO data, which is about 60 GB of data, which is very expensive to write and access on other chains, but because exSat is backed by EOS, this can be extremely cost-effective and scalable.
exSat has synchronizers pushing data, validators have an incentive to read the data and ensure the data is correct, they need to wait for six confirmations or about an hour, and validators also need to stake Bitcoin and store it in an insured custodian. Then exSat mints wrapped Bitcoin for governance, users can deposit Bitcoin, and validators can choose to grant credit immediately and charge a small fee, or wait an hour and then wait for six Bitcoin confirmations. This way users can use their Bitcoin on a scalable solution and start interacting with applications, DeFi, etc.
In the future, exSat's solution will be open to other second-layer networks. Most second-layer networks are very expensive to generate their own index data, and exSat makes this data open to everyone. Anyone can use exSat's EVM smart contract to access UTXO data.
exSat is another example of EOS performance and scalability following platforms such as EOS EVM and EOS Stablecoin Chain (ESCC). This demonstrates the tremendous flexibility and performance provided by EOS, and introduces unlimited imagination for the subsequent development of the EOS ecosystem.
EOS Network Foundation leads the way, and more initiatives empower ecological development
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$BTC $ETH $BNB
A recent project that has attracted a lot of attention is exSat.
We know that the Bitcoin ecosystem has experienced unprecedented explosive growth in the past year: from the inscriptions of all people to the continued popularity of Bitcoin NFT, Bitcoin, which was originally only used as a value storage and exchange, can also be used as a place for asset issuance, which greatly broadens the use scenarios of Bitcoin and makes more people have higher expectations for the Bitcoin ecosystem.
Because as one of the earliest blockchain projects, Bitcoin has unique advantages in ecological development:
Leading decentralization and security advantages: Bitcoin is driven by the community and has been tested for more than ten years of stable operation.
Unique market consensus: Bitcoin has the highest popularity and recognition in the hearts of the global public and investors.
Large amount of funds: The current market value of Bitcoin has reached 1.2 trillion US dollars, accounting for about 50% of the market value of the crypto market.
High community enthusiasm: The popularity of inscriptions and runes shows the great enthusiasm of users and communities to participate in the Bitcoin ecosystem.
Good market expectations: Bitcoin halving, Bitcoin spot ETF approved, Bitcoin price hits a new record high.
The high participation under high expectations soon overwhelmed the Bitcoin ecosystem. In short, the performance of the Bitcoin network severely restricted the development of the Bitcoin ecosystem.
Slow transaction speed: only about 3-7 transactions can be processed per second.
High transaction fees: users need to pay higher fees during peak transaction periods.
Long transaction confirmation time: In order to ensure that the transaction is confirmed by the network, users usually need an hour or more.
Scalability limitations: only supports 4MB of content space.
To support a richer ecosystem, Bitcoin's current performance is obviously not enough. Ethereum founder Vitalik once publicly stated that Bitcoin has the potential to surpass its current role as a payment system, and to achieve this goal, more expansion solutions need to be implemented. Bitcoin Layer2 is widely regarded as the only way to build a prosperous Bitcoin ecosystem.
exSat is a docking layer designed to bridge the gap between the Bitcoin native layer and the many Layer 2 expansion solutions of the Bitcoin ecosystem. exSat brings together multiple blockchain technologies to create a powerful solution that overcomes many of the current challenges in improving Bitcoin’s scalability, and EOS will play a key role in this vision.
A recent project that has attracted a lot of attention is exSat.
We know that the Bitcoin ecosystem has experienced unprecedented explosive growth in the past year: from the inscriptions of all people to the continued popularity of Bitcoin NFT, Bitcoin, which was originally only used as a value storage and exchange, can also be used as a place for asset issuance, which greatly broadens the use scenarios of Bitcoin and makes more people have higher expectations for the Bitcoin ecosystem.
Because as one of the earliest blockchain projects, Bitcoin has unique advantages in ecological development:
Leading decentralization and security advantages: Bitcoin is driven by the community and has been tested for more than ten years of stable operation.
Unique market consensus: Bitcoin has the highest popularity and recognition in the hearts of the global public and investors.
Large amount of funds: The current market value of Bitcoin has reached 1.2 trillion US dollars, accounting for about 50% of the market value of the crypto market.
High community enthusiasm: The popularity of inscriptions and runes shows the great enthusiasm of users and communities to participate in the Bitcoin ecosystem.
Good market expectations: Bitcoin halving, Bitcoin spot ETF approved, Bitcoin price hits a new record high.
The high participation under high expectations soon overwhelmed the Bitcoin ecosystem. In short, the performance of the Bitcoin network severely restricted the development of the Bitcoin ecosystem.
Slow transaction speed: only about 3-7 transactions can be processed per second.
High transaction fees: users need to pay higher fees during peak transaction periods.
Long transaction confirmation time: In order to ensure that the transaction is confirmed by the network, users usually need an hour or more.
Scalability limitations: only supports 4MB of content space.
To support a richer ecosystem, Bitcoin's current performance is obviously not enough. Ethereum founder Vitalik once publicly stated that Bitcoin has the potential to surpass its current role as a payment system, and to achieve this goal, more expansion solutions need to be implemented. Bitcoin Layer2 is widely regarded as the only way to build a prosperous Bitcoin ecosystem.
exSat is a docking layer designed to bridge the gap between the Bitcoin native layer and the many Layer 2 expansion solutions of the Bitcoin ecosystem. exSat brings together multiple blockchain technologies to create a powerful solution that overcomes many of the current challenges in improving Bitcoin’s scalability, and EOS will play a key role in this vision.
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EOS ecosystem tends to be richer: RAM continues to be hot, exSat emerges
Speaking of the ecosystem, the most eye-catching EOS at present is EOS RAM and exSat.
EOS RAM is a resource on the EOS blockchain that is used to store smart contracts, account data and other blockchain-related information. In the EOS blockchain, RAM is a limited resource, so its supply is limited and needs to be obtained by purchase or lease. The price of RAM fluctuates according to market demand and supply, so the use of RAM on the EOS network needs to consider its cost and usage.
On December 17, 2023, the EOS ecosystem decided to stop RAM inflation on EOS, and the overall RAM was fixed at 390 GB. As a rigid consumable of the EOS ecosystem, the scarcity of EOA RAM has further increased, and a wave of RAM investment has been set off in the EOS ecosystem. The price of RAM once soared six times from its historical low.
As EOS RAM properties become closer to real-world land resources and can be traded freely like real estate, the role EOS RAM plays in the ecosystem and its role in promoting ecological diversification are becoming increasingly prominent.
For example, Upland, a well-known dApp on EOS, uses 6.7 GB to maintain its operation. The extensive use of Upland and similar dApps further amplifies the demand for RAM and strengthens the key role of RAM in the seamless functionality and expansion of the EOS network and dApps.
Another example is that NFTs on EOS EVM are becoming important RAM consumers. While these formats support a wide range of digital assets from unique collectibles to multi-purpose tokens, their operational efficiency still requires a large amount of RAM.
In order to better support the development of the ecosystem, the EOS Network Foundation has also launched a series of initiatives: on the one hand, EOS announced the launch of packaged RAM (WRAM) to improve the tradability of the asset; on the other hand, it made major updates to the RAM system, with features including transferable RAM, RAM logging and notifications, secure purchase of RAM through Buy RAM for Self, RAM tokenization on EOS, etc., further enhancing the flexibility, efficiency and overall practicality of EOS RAM.
EOS ecosystem tends to be richer: RAM continues to be hot, exSat emerges
Speaking of the ecosystem, the most eye-catching EOS at present is EOS RAM and exSat.
EOS RAM is a resource on the EOS blockchain that is used to store smart contracts, account data and other blockchain-related information. In the EOS blockchain, RAM is a limited resource, so its supply is limited and needs to be obtained by purchase or lease. The price of RAM fluctuates according to market demand and supply, so the use of RAM on the EOS network needs to consider its cost and usage.
On December 17, 2023, the EOS ecosystem decided to stop RAM inflation on EOS, and the overall RAM was fixed at 390 GB. As a rigid consumable of the EOS ecosystem, the scarcity of EOA RAM has further increased, and a wave of RAM investment has been set off in the EOS ecosystem. The price of RAM once soared six times from its historical low.
As EOS RAM properties become closer to real-world land resources and can be traded freely like real estate, the role EOS RAM plays in the ecosystem and its role in promoting ecological diversification are becoming increasingly prominent.
For example, Upland, a well-known dApp on EOS, uses 6.7 GB to maintain its operation. The extensive use of Upland and similar dApps further amplifies the demand for RAM and strengthens the key role of RAM in the seamless functionality and expansion of the EOS network and dApps.
Another example is that NFTs on EOS EVM are becoming important RAM consumers. While these formats support a wide range of digital assets from unique collectibles to multi-purpose tokens, their operational efficiency still requires a large amount of RAM.
In order to better support the development of the ecosystem, the EOS Network Foundation has also launched a series of initiatives: on the one hand, EOS announced the launch of packaged RAM (WRAM) to improve the tradability of the asset; on the other hand, it made major updates to the RAM system, with features including transferable RAM, RAM logging and notifications, secure purchase of RAM through Buy RAM for Self, RAM tokenization on EOS, etc., further enhancing the flexibility, efficiency and overall practicality of EOS RAM.
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EOS ecosystem tends to be richer: RAM continues to be hot, exSat emerges
Speaking of the ecosystem, the most eye-catching EOS at present is EOS RAM and exSat.
EOS RAM is a resource on the EOS blockchain that is used to store smart contracts, account data and other blockchain-related information. In the EOS blockchain, RAM is a limited resource, so its supply is limited and needs to be obtained by purchase or lease. The price of RAM fluctuates according to market demand and supply, so the use of RAM on the EOS network needs to consider its cost and usage.
On December 17, 2023, the EOS ecosystem decided to stop RAM inflation on EOS, and the overall RAM was fixed at 390 GB. As a rigid consumable of the EOS ecosystem, the scarcity of EOA RAM has further increased, and a wave of RAM investment has been set off in the EOS ecosystem. The price of RAM once soared six times from its historical low.
As EOS RAM properties become closer to real-world land resources and can be traded freely like real estate, the role EOS RAM plays in the ecosystem and its role in promoting ecological diversification are becoming increasingly prominent.
For example, Upland, a well-known dApp on EOS, uses 6.7 GB to maintain its operation. The extensive use of Upland and similar dApps further amplifies the demand for RAM and strengthens the key role of RAM in the seamless functionality and expansion of the EOS network and dApps.
Another example is that NFTs on EOS EVM are becoming important RAM consumers. While these formats support a wide range of digital assets from unique collectibles to multi-purpose tokens, their operational efficiency still requires a large amount of RAM.
In order to better support the development of the ecosystem, the EOS Network Foundation has also launched a series of initiatives: on the one hand, EOS announced the launch of packaged RAM (WRAM) to improve the tradability of the asset; on the other hand, it made major updates to the RAM system, with features including transferable RAM, RAM logging and notifications, secure purchase of RAM through Buy RAM for Self, RAM tokenization on EOS, etc., further enhancing the flexibility, efficiency and overall practicality of EOS RAM.
EOS ecosystem tends to be richer: RAM continues to be hot, exSat emerges
Speaking of the ecosystem, the most eye-catching EOS at present is EOS RAM and exSat.
EOS RAM is a resource on the EOS blockchain that is used to store smart contracts, account data and other blockchain-related information. In the EOS blockchain, RAM is a limited resource, so its supply is limited and needs to be obtained by purchase or lease. The price of RAM fluctuates according to market demand and supply, so the use of RAM on the EOS network needs to consider its cost and usage.
On December 17, 2023, the EOS ecosystem decided to stop RAM inflation on EOS, and the overall RAM was fixed at 390 GB. As a rigid consumable of the EOS ecosystem, the scarcity of EOA RAM has further increased, and a wave of RAM investment has been set off in the EOS ecosystem. The price of RAM once soared six times from its historical low.
As EOS RAM properties become closer to real-world land resources and can be traded freely like real estate, the role EOS RAM plays in the ecosystem and its role in promoting ecological diversification are becoming increasingly prominent.
For example, Upland, a well-known dApp on EOS, uses 6.7 GB to maintain its operation. The extensive use of Upland and similar dApps further amplifies the demand for RAM and strengthens the key role of RAM in the seamless functionality and expansion of the EOS network and dApps.
Another example is that NFTs on EOS EVM are becoming important RAM consumers. While these formats support a wide range of digital assets from unique collectibles to multi-purpose tokens, their operational efficiency still requires a large amount of RAM.
In order to better support the development of the ecosystem, the EOS Network Foundation has also launched a series of initiatives: on the one hand, EOS announced the launch of packaged RAM (WRAM) to improve the tradability of the asset; on the other hand, it made major updates to the RAM system, with features including transferable RAM, RAM logging and notifications, secure purchase of RAM through Buy RAM for Self, RAM tokenization on EOS, etc., further enhancing the flexibility, efficiency and overall practicality of EOS RAM.
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Token distribution (holder status)
The token distribution mainly examines whether the tokens are distributed fairly and effectively. Generally speaking, the Web3 industry standard is to distribute at least 50% of the tokens to the community, which can effectively dilute the ownership that the founding team and investors can retain.
After the EOS new token proposal is implemented, the newly minted 950 million tokens will be distributed according to the following rules:
RAM market: 350,000,000 EOS, accounting for 16.7% of the total supply. A total of 350 million EOS will be used to develop and grow the RAM market and its crypto community. Specifically, one part is RAM market making and liquidity supply. 315 million EOS will be allocated for market making and liquidity supply for centralized exchanges and DeFi across multiple blockchains. The other part is programmatic RAM procurement. 35 million EOS tokens will be used to programmatically purchase RAM from the system Bancor pool within the TBD timeframe. RAM purchased through this mechanism will be used to support or fund EOS ecosystem initiatives.
Staking Rewards: 250,000,000 EOS, 11.9% of the total supply. A total of 250 million EOS tokens will be used for staking rewards, with a reward release rate controlled by EOS block producers, and the proposal suggests using a logarithmic curve to distribute rewards.
EOS Network Foundation: 150,000,000 EOS, 7.1% of the total supply. The EOS Network Foundation will allocate 150 million EOS tokens, equivalent to the current 1.5% network inflation for 8.5 years.
Block Producers: 100,000,000 EOS, 4.8% of the total supply. In order to make block production and network infrastructure more sustainable in the long term, all network fees generated by PowerUC, RAM transaction fees, and name auctions will be evenly distributed to the top 21 block producers.
EOS Labs: 85,000,000 EOS, 4% of the total supply. The token will be used to invest in ecosystem growth, liquidity provision for ecosystem projects, and partnerships.
Middleware: 15,000,000 EOS, 0.7% of the total supply. 15 million EOS tokens will be used exclusively for public product funding for middleware development to improve the usability of the EOS network.
Token Allocation Diagram
In addition to the allocation rules, we should also pay attention to the lock-up and release schedule of the tokens: to see if a large number of tokens will enter circulation, which will put downward pressure on the value of the token.In general, the release time of the project team should be longer than that of the ecological coin holders, which shows that the team has full confidence in the long-term success of the project.
In the new EOS token model, in addition to the immediate release of the RAM market and middleware, the other tokens allocated to staking rewards, EOS Network Foundation, block producers, and EOS Labs will follow the linear release law, and learn from the successful experience of the Bitcoin ecosystem, halving every four years to further promote the long-term stable operation of the ecosystem.
From the new token model, we can see that under the leadership of the EOS Network Foundation, EOS Labs and a number of core members of the EOS ecosystem, EOS is determined to reform and promote the development of the ecosystem through long-term construction. Although the EOS RAM market continues to be hot and the emergence of exSat, a project that integrates Bitcoin and EOS ecosystems, we also see more possibilities for the future development of EOS.
Token distribution (holder status)
The token distribution mainly examines whether the tokens are distributed fairly and effectively. Generally speaking, the Web3 industry standard is to distribute at least 50% of the tokens to the community, which can effectively dilute the ownership that the founding team and investors can retain.
After the EOS new token proposal is implemented, the newly minted 950 million tokens will be distributed according to the following rules:
RAM market: 350,000,000 EOS, accounting for 16.7% of the total supply. A total of 350 million EOS will be used to develop and grow the RAM market and its crypto community. Specifically, one part is RAM market making and liquidity supply. 315 million EOS will be allocated for market making and liquidity supply for centralized exchanges and DeFi across multiple blockchains. The other part is programmatic RAM procurement. 35 million EOS tokens will be used to programmatically purchase RAM from the system Bancor pool within the TBD timeframe. RAM purchased through this mechanism will be used to support or fund EOS ecosystem initiatives.
Staking Rewards: 250,000,000 EOS, 11.9% of the total supply. A total of 250 million EOS tokens will be used for staking rewards, with a reward release rate controlled by EOS block producers, and the proposal suggests using a logarithmic curve to distribute rewards.
EOS Network Foundation: 150,000,000 EOS, 7.1% of the total supply. The EOS Network Foundation will allocate 150 million EOS tokens, equivalent to the current 1.5% network inflation for 8.5 years.
Block Producers: 100,000,000 EOS, 4.8% of the total supply. In order to make block production and network infrastructure more sustainable in the long term, all network fees generated by PowerUC, RAM transaction fees, and name auctions will be evenly distributed to the top 21 block producers.
EOS Labs: 85,000,000 EOS, 4% of the total supply. The token will be used to invest in ecosystem growth, liquidity provision for ecosystem projects, and partnerships.
Middleware: 15,000,000 EOS, 0.7% of the total supply. 15 million EOS tokens will be used exclusively for public product funding for middleware development to improve the usability of the EOS network.
Token Allocation Diagram
In addition to the allocation rules, we should also pay attention to the lock-up and release schedule of the tokens: to see if a large number of tokens will enter circulation, which will put downward pressure on the value of the token.In general, the release time of the project team should be longer than that of the ecological coin holders, which shows that the team has full confidence in the long-term success of the project.
In the new EOS token model, in addition to the immediate release of the RAM market and middleware, the other tokens allocated to staking rewards, EOS Network Foundation, block producers, and EOS Labs will follow the linear release law, and learn from the successful experience of the Bitcoin ecosystem, halving every four years to further promote the long-term stable operation of the ecosystem.
From the new token model, we can see that under the leadership of the EOS Network Foundation, EOS Labs and a number of core members of the EOS ecosystem, EOS is determined to reform and promote the development of the ecosystem through long-term construction. Although the EOS RAM market continues to be hot and the emergence of exSat, a project that integrates Bitcoin and EOS ecosystems, we also see more possibilities for the future development of EOS.
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Analysis of the latest EOS token governance model
Generally speaking, the evaluation of the token economic model is mainly carried out through the following four dimensions:
Token supply (supply side)
Token utility (demand side)
Token distribution (holding object situation)
Therefore, this article will also focus on these four to further understand the new EOS token economic model.
Token supply (supply side)
Generally speaking, the evaluation of whether the token supply is good or not is mainly affected by factors such as the maximum supply, circulation, market value and token destruction mechanism.
Previously, when EOS was launched, the token supply was 1 billion, but an annualized inflation of 5% was designed, of which 1% was used to reward block producers and 4% was accumulated in the "eosio. saving" account for subsequent ecological construction. But soon the community members realized the adverse effects of 5% inflation on the development of the ecosystem. Therefore, between 2020 and 2023, the EOS ecosystem underwent several rounds of consensus reforms, and the EOS tokens accumulated in "eosio. saving" were destroyed, and the annual inflation of EOS was reduced to 3%.
This new token economic model aims to completely solve the various restrictions on the development of EOS caused by inflation.
The new model completely cancels the design of EOS annual inflation. In the future, more than 80% of the inflation tokens in the total supply will be destroyed. The total supply of EOS is set at 2.1 billion, of which: the current circulation of EOS is about 1.15 billion, accounting for about 54.8% of the total supply of 2.1 billion. This part of the tokens will not be changed to further defend the rights and interests of early users of the project; in addition, about 950 million tokens will be minted and distributed, and follow certain linear release conditions.
On the other hand, we can see that the current market value of EOS is nearly 900 million US dollars. With the advancement of various ecological construction work to empower the utility of tokens, EOS will have broad room for growth in the future.
Token utility (demand side)
Token utility is the demand side of tokens. If a token has actual usage scenarios within the ecosystem and can attract a continuous influx of users through a variety of application scenarios, it means that the value of the token can be efficiently circulated within the ecosystem, which is an important indicator for measuring the prosperity of the project.
EOS tokens are a unit of measurement for network resources. Applications on the EOS network require a certain amount of network resources to run, such as CPU and network bandwidth.Users holding EOS coins can obtain corresponding network resources according to their equity ratio, so that the EOS network can distribute resources more fairly.
EOS token holders can also obtain dividends by participating in governance and voting for nodes. Super nodes on the EOS network are essential for verifying transactions and generating new blocks, and EOS coin holders can choose super nodes they trust by voting. This mechanism can ensure the security and stability of the network. On May 9, Yves La Rose, CEO of the EOS Network Foundation (ENF), wrote: "EOS's new token economic model will be deployed to the main network at the end of May. EOS staking rewards will be launched before the end of June."
In addition, the EOS ecosystem will also empower token utility by building a variety of ecological application scenarios.
Analysis of the latest EOS token governance model
Generally speaking, the evaluation of the token economic model is mainly carried out through the following four dimensions:
Token supply (supply side)
Token utility (demand side)
Token distribution (holding object situation)
Therefore, this article will also focus on these four to further understand the new EOS token economic model.
Token supply (supply side)
Generally speaking, the evaluation of whether the token supply is good or not is mainly affected by factors such as the maximum supply, circulation, market value and token destruction mechanism.
Previously, when EOS was launched, the token supply was 1 billion, but an annualized inflation of 5% was designed, of which 1% was used to reward block producers and 4% was accumulated in the "eosio. saving" account for subsequent ecological construction. But soon the community members realized the adverse effects of 5% inflation on the development of the ecosystem. Therefore, between 2020 and 2023, the EOS ecosystem underwent several rounds of consensus reforms, and the EOS tokens accumulated in "eosio. saving" were destroyed, and the annual inflation of EOS was reduced to 3%.
This new token economic model aims to completely solve the various restrictions on the development of EOS caused by inflation.
The new model completely cancels the design of EOS annual inflation. In the future, more than 80% of the inflation tokens in the total supply will be destroyed. The total supply of EOS is set at 2.1 billion, of which: the current circulation of EOS is about 1.15 billion, accounting for about 54.8% of the total supply of 2.1 billion. This part of the tokens will not be changed to further defend the rights and interests of early users of the project; in addition, about 950 million tokens will be minted and distributed, and follow certain linear release conditions.
On the other hand, we can see that the current market value of EOS is nearly 900 million US dollars. With the advancement of various ecological construction work to empower the utility of tokens, EOS will have broad room for growth in the future.
Token utility (demand side)
Token utility is the demand side of tokens. If a token has actual usage scenarios within the ecosystem and can attract a continuous influx of users through a variety of application scenarios, it means that the value of the token can be efficiently circulated within the ecosystem, which is an important indicator for measuring the prosperity of the project.
EOS tokens are a unit of measurement for network resources. Applications on the EOS network require a certain amount of network resources to run, such as CPU and network bandwidth.Users holding EOS coins can obtain corresponding network resources according to their equity ratio, so that the EOS network can distribute resources more fairly.
EOS token holders can also obtain dividends by participating in governance and voting for nodes. Super nodes on the EOS network are essential for verifying transactions and generating new blocks, and EOS coin holders can choose super nodes they trust by voting. This mechanism can ensure the security and stability of the network. On May 9, Yves La Rose, CEO of the EOS Network Foundation (ENF), wrote: "EOS's new token economic model will be deployed to the main network at the end of May. EOS staking rewards will be launched before the end of June."
In addition, the EOS ecosystem will also empower token utility by building a variety of ecological application scenarios.