{"id":10671,"date":"2022-08-22T22:13:00","date_gmt":"2022-08-22T19:13:00","guid":{"rendered":"https:\/\/alfacash.blog\/?p=10671"},"modified":"2024-02-19T21:50:30","modified_gmt":"2024-02-19T18:50:30","slug":"amid-bearish-crypto-market-eos-rebranded-exploded","status":"publish","type":"post","link":"https:\/\/alfacash.blog\/zh\/2022\/08\/22\/amid-bearish-crypto-market-eos-rebranded-exploded\/","title":{"rendered":"Amid the bearish crypto market, EOS rebranded itself and exploded"},"content":{"rendered":"

We just experienced a small pump in the crypto market last week, but now it seems bearish again. Bitcoin (BTC) fell to $21,000, and further concerns about the hiking global inflation are spreading. Despite this, the smart contracts cryptocurrency EOS rebranded and managed to increase by over 50% in the last seven days.<\/strong><\/p>\n\n\n\n

\"EOS-rebranded-logo-Twitter\"
EOS logo from Twitter<\/figcaption><\/figure><\/div>\n\n\n\n

That\u2019s a tale in development since the last year, though. As you may know, EOS hasn\u2019t been exactly competing at the same speed as other similar chains, such as Ethereum<\/a> (ETH) or Binance Smart Chain (\u8ba1\u5206\u5361<\/a>). Its last All-Time-High (ATH) was at $22 per token in April 2018 \u2014and it was never to be seen again.<\/p>\n\n\n\n

Now, the currency sits at $1.84 per token, but it\u2019s touched lows of even $0.93 in 2022. The harsh decrease translates to over -95% from the ATH. A lack of usability is also there if we compare it with other platforms. For instance, according to \u5e94\u7528\u96f7\u8fbe<\/a>, BSC and ETH have over 3,400 Dapps running on their chains. Meanwhile, EOS barely has over 500 Dapps.<\/p>\n\n\n\n

The EOSIO community noticed this lack of progress and decided to literally fire the development\u2019s parent company, BlockOne<\/strong>. To do this, EOS validators stopped<\/a> the issuance of tokens destined to the company and its partners (over $250 million). Yves La Rose, a member of the community, created<\/a> the EOS Network Foundation (ENF) intending to rescue and further develop this blockchain.<\/p>\n\n\n\n

ENF and BlockOne are now fighting over the EOS copyright. Besides, the ENF is planning to take legal actions<\/a> against the company. Since the EOS Initial Coin Offering (ICO<\/a>) raised $4 billion, the ENF is aiming to recover at least a part of it. In the meantime, EOS rebranded to \u201cAntelope\u201d,<\/strong> also including the popular projects Telos, Wax, and UX Network.<\/p>\n\n\n\n

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