EOS is the latest in high performance decentralized cryptocurrency to hit the markets. EOS just launched and is currently in the ICO process, however the coin is already listed on multiple major exchanges. The coin and coming platform is designed for running fast self sufficient highly scalable smart contracts in parallel in applications across the web!
Image above by (Me) Nick Thompson, I just created this vector image tonight with Inkscape on my Mac!
EOS is a platform under development by steemit’s very own @dan, (Dan Larimer), our friend, and role model. He is the founder of the Bitshares platform, and this platform Steemit.com. His credentials are to the moon, I honestly trust all his creations, so there is no reason why I should not get in on his latest project the same. The new features Dan and the team are working on are parallel processing for high performance and scaling, which is superior to single threaded blockchains. With EOS, steem, and Bitshares, could run in parallel, in a scalable environment, and tap the unlimited potential that the EOS layers add.
EOS is Decentralized, and is revolutionary because it has no Fees!
Just like IOTA and STEEM, EOS has no transaction fees. This will facilitate micro transactions for powering the internet of things. Think of EOS as the Galaxy of pearly glowing spiral arms, so huge that it can link together vast self sustaining steem powered castles in the sky. SteemPower are like the stars in the galaxy, run by invisible black matter, the digital glue holding us all together. Finally IOTA are the last link of the chain, IOTA is like the EARTH, or like grains of sand. They are designed on a blockless tangle of trust-less matter that are totally different from all conventional coins in the fact that they can be transacted offline. Like grains of sand in an hour glass, the trillions of IOTAS for the whole universe are all locked away in the one hour glass named Earth. EOS may be so powerful it can run chains of transactions that could start in your steem account, and end up delivered by a drone, coming to you from the nearest vending machine! With EOS, IOTA, and STEEM, all working together, there is no limit to how far your crypto can and will travel in the future and beyond!
EOS bringing Everything Over SteemPower!
What would a world be like with everything run on steempower. Well for instance you could possibly order food from a digital menu in the future, and all you have to do to pay for your food is up vote if you have the steempower! Imagine the first steempower cafe, vote to pay! You never know, maybe steempower will be like master card, accepted everywhere! What EOS will do is it will coordinate the two transactions and make a smart contract for that steem vote to sit in to make sure you don’t reverse it the next day. EOS will provide the smart locks, steem will be the currency, like the federal reserve, and IOTAS will be acquired on the fly by the devices, because heck, even robots and offline devices of the future need a digital currency to trade!
EOS and IOTA started trading on Bitfinex, and they have enabled funding so now you can earn interest while you hold your new coins!
Kraken has also offered EOS trading, I already picked up some coins on both exchanges for a little over a dollar piece. So far I have collected almost 500 EOS in my various accounts, and around 2700 IOTA. Currently I have almost all my coins leant out earning interest on auto renew at FRR until I find an easy way to safeguard with an offline wallet. For now I mine as well earn some interest while I HODL with all the risk! I like leading a lot because it helps me save more, when you lend you lock your coins away, right now I am leaning for 30 day increments.
Below are some of my loans and bids, another noob EOS trader just getting started!
Here is a screenshot of todays market, it appears EOS interest is spiking massively!
The way it works is you lend your coins by offering them. To Loan click the red offer EOS button!
There are huge exchange risks, don’t get me wrong, but with risk comes reward. As you can see, traders are locking away more and more EOS at higher and higher interest.
Good Price levels to stock up More EOS & IOTA!
The chart above shows EOS/BTC exchange rate. EOS looks like it is at the lows, and there is a high probability buy spot on the 76.4% FIB. It is not unusual for new crypto coins to be very volatile, and seasoned traders know the best place to look for deals are around the 76.4% Fib!
Finally the chart above is IOTA/USD. I have pulled a Fibonacci Trendline Color analysis, and it appears that IOTA is in the lower dark purple range on the scale. Notice the reds at the top are the sell areas, danger zones, and the purple blue zones are the low buys! You know what they say, buy low, sell high crypto!
It is a very exciting time that we happen to live in, cryptocurrency only gets invented once in a civilization, and we are here now looking at it like the big bang unfolding in slow motion, expanding from nothing to everything! If you like this cryptocurrency blog please up-vote, re-steem, and follow me @coininstant for more!
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That's it. I am going to find a way to get some EOS I have been waiting too long and watching from the sidelines is of no use.
Thanks for the Info
I need to buy some eos
@coininstant Very interesting. I hope the project will have immediate success!!
Good luck
I think I am going to look in further and migh invest some, thanks for the information!
Iota has fees that are paid by mining your transaction. When it gets congested it will push up difficulty.
Fantastic description!
Hey! Glad to see another post come through after 17 days brother! Great stuff! I give you my upvote, and I am a loyal follower :)
What platform are you using for that technical chart analysis?
Thanks again for supporting some of my posts! You are awesome :) I am trying to be consistent. Talk soon :)
Congratulations! You have been chosen to appear on "Who to Follow Daily". Thank you for adding so much value to the Steemit community. Steem on!
Thanks for the details of your EOS activity. Have any of your coin offers come to the 30 day term yet?
I have had ETHER come to term many many times, however I just got into EOS! I will have updates when they do!
Always useful with the posts! Thanks for your posts ;)
These are indeed interesting times... I picked up a few here and there. EOS is the future :)
Thanks for the information! I need this kind of info because im new user here and i dont know to much for cryptocurrencies platforms.
But i think with help of people like you i go fast to learn ;). upvoted and resteemit . See you ;)
EOS looks interesting now.
you can buy EOS on the exodus.io platform...
profitable for some day traders? no. we in it for the long haul