Coin Circle Story - After the Three Waves
A coin that has not even been launched on the mainnet has made more than 4 billion US dollars just by relying on white papers and various publicity.
People have not even seen the coin, have not even experienced the interaction, and have not even seen the wallet interface, but they are spending money like crazy.
It has fallen for 6 consecutive years since its launch, and it has fallen terribly, but there are still countless leeks buying the bottom continuously.
From this, we can see how rich and enthusiastic people in the coin circle are.
This coin is EOS, which is said to be 500 yuan after the three waves.
In the coin circle, only 10% of people bought Bitcoin, and only 10% of people did not buy EOS. Although it may not be so exaggerated in fact, it is enough to show that EOS has a good mass base!
Why do so many people buy eos? The reason is that the publicity effect is too good. In that era when everyone was still very simple, the richest man Mr. Li endorsed it with his real name, and the gimmick of blockchain 3.0 was enough to attract attention.
The key is that this coin is cheap. With only 6 yuan, you can buy a grapefruit that punches Bitcoin and kicks Ethereum. Who can resist it?
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Fundraising stage
From June 25 to 30, 2017, EOS started the first stage of crowdfunding, with a fixed exchange ratio of 1ETH to 306Eos, which was about 6 yuan more than 1 at the time.
The second stage was from July 1, 2017 to June 2, 2018, with 2 million tokens released every day, and the exchange ratio was determined according to the number of ETH raised on that day.
By the end, a total of about 7 million ETH were raised, which was about 4.2 billion US dollars at the price at that time. The scale of initial financing far exceeded that of well-known companies such as Google and Twitter.
According to the current ETH price, the market value of the fundraising is as high as 12.6 billion US dollars.
In fact, the team at that time exchanged all the funds raised into BTC, and the money they made was countless!
In fact, eos had been listed on many CEXs in July 2017, and it could be purchased directly on YunB.com at that time.
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Highlight moment
The highlight moment of eos was before it was listed on the mainnet, when it was just a token on eth, and it was the highest price.
eos was around $5 at the low point on April 1, 2018, and it rose to the historical high point of $23 on April 29, an increase of 460% in one month. With such an unprecedented increase and the campaign of various super nodes, the entire circle also appeared in a chaos that was almost collectively crazy.
In mid-April, all major CEXs launched eos, and all the headlines promoted various stories about eos.
Even 99% of the people in the entire currency circle bought Yuzi
Among them, there are many people who are full of stocks. Just when everyone imagined that EOS could rise to a hundred dollars and a thousand dollars like eth, they received a blow, starting from 23 dollars and falling all the way, and there was no glory anymore.
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Frequent vulnerabilities
On May 29, 2018, 360 discovered an epic vulnerability in the blockchain that allowed full control of virtual currency transactions.
The 360 company vuican (Vulcan) team discovered a series of high-risk security vulnerabilities in the blockchain platform EOS. It has been verified that some of these vulnerabilities can remotely execute arbitrary code on EOS nodes, that is, they can directly control and take over all nodes running on EOS through remote attacks.
The person in charge of the EOS network stated that the EOS network will not be officially launched until these problems are fixed.
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Difficult mainnet launch
On May 26, 2018, global nodes issued a joint statement to jointly launch the only EOS mainnet.
Voting was held from June 10 to 13, but the turnout was quite low. At 11 a.m. on the 13th, it was only 3.6%, which was far from the 15% activation condition.
On that day, the world's largest CEX came forward to promote the voting, and later several more mainstream CEX expressed their stance to promote the voting process. At 1:50 a.m. on June 15, 2018, the EOS voting rate exceeded the critical line of 15%, and the mainnet was officially launched.
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The beginning of tragedy
Since being launched on the mainnet, everyone has discovered that eos is not as beautiful as imagined. There are only a small number of applications and relatively cumbersome operations, and the processing speed is not as good as advertised, which has disappointed many developers.
Companies that have raised more than 4 billion US dollars are not even willing to use part of the money to fund the ecosystem. Maybe they have already made the money and don’t want to bother anymore.
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After three waves
On the afternoon of May 20, 2017, EOS leader Wang’s China trip came to Beijing as scheduled. Chive dumplings and chive flowers gathered here, breaking the silence of the entire street.
At that time, Captain Wang was one of the most popular KOLs in the currency circle, with hundreds of thousands of real fans, and his momentum was comparable to that of the digital currency trend maniacs at that time.
Captain Wang talks about the prospects and future of EOS
From a short-term perspective, EOS has three major waves:
The first wave: The EOS super node election is now at this stage. This stage has made the EOS community unprecedentedly active, and community building is the biggest development soil for blockchain projects.
The second wave: blooming on the wave, this stage is accompanied by various DAPP candy airdrops, which is similar to the market of Bitcoin fork last year. Holding EOS is equivalent to holding an old hen, which will keep laying eggs for you.
The third wave: profligate wanderer, in this stage, various applications on Ethereum will be migrated to the EOS main chain, and with the burst of various DAPP applications based on the EOS main chain, the third wave will soar into the sky.
The circulating market value of ETH is now nearly 400 billion, while the market value of EOS is only nearly 80 billion. It is only a matter of time before EOS surpasses ETH.
After the three waves of EOS, the price will reach 500 yuan. If it is fried, the price may be higher.
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Conclusion:
After 6 years, EOS is only worth 4 yuan, less than one percent of the bold words. Until today, there are still countless leeks who are constantly buying at the bottom, and they are still dreaming of the dream of 500 yuan.
Don't believe any stories,
You have to know that people who make money are always only a small part.
