As Bitcoin (BTC) continues its stride towards regaining $10k, other altcoins have once again initiated the bullish crypto market. For EOS (EOS), it has been a double digit gain over the past week, more interestingly is the upcoming MainNet launch of the altcoin which will see it ditch the Ethereum based blockchain on which it was built.
Full Support for the Future EOS Token Swap
EOS has promised to change the world with its revolutionary EOS.io, making everything faster, cheaper, more connected and secured. The EOS.io launch will be a transition for EOS from its current Ethereum blockchain to its MainNet. With the MainNet launch, EOS would swap its current ethereum based tokens too.
The MainNet launch of EOS is still 41 days away, however, Bitfinex which offers leveraged margin trade has announced a full support for the upcoming EOS MainNet Token. Bitfiniex EOS token swap is set to happen in June, along with EOS MainNet Launch. Last month, Binance the leading cryptocurrency exchange announced it will support EOS MainNet swap upon release.
As part of the MainNet Launch, EOS holders who purchased their tokens on exchange platforms are advised to register them before June 1, when the MainNet of EOS would be ready for launch, read more here. All EOS token will be frozen on the Ethereum blockchain on June 2, before the launch.
Enter the Hackathon 1
Hackathon events across the cyber space have inspired great solutions and creativity among developers. On this, EOS would be organizing its first global Hackathon event, the Hackathon 1. A video introducing yourself and your project is all you need to stand a chance to qualify for Hackathon 1.
For entry into the competition, developers are to create and upload a video not longer than three minutes on YouTube or YouKu with the #EOSHackathon. Developers or teams with the most votes on EOS community will qualify for the event in Hong Kong. Community voting is currently ongoing, with about 23 days left before closure. For more information, visit EOSHackathon.
A meetup to discuss EOS dApp kickoff has been organized. The event will hold in Santa Monica, California. A general QA session on EOS will be featured during the event. There have been no announcements on invited speakers yet.
Price and Status of EOS
The cryptocurrency market has been green over the past one week, with most assets recording steady gains and moving up the slowly. The same has been the case for EOS, recording positive returns for the fifth day in a row.
EOS tokens opened trade on first day of April with a value pegged at $6, however, as at the time of this writing, EOS token is trading at $11.55 USD. Over the last five days, EOS has recorded over 40% price lift.
The resulting price boost of the EOS token has seen EOS clench the 5th position from Litecoin (LTC), with a market cap of $9.359 billion USD. It was earlier speculated that EOS (EOS) would reclaim its 5th position before the end of Q2, we’re still in the first month of Q2, and EOS has managed that.