EOS coin

EOS is the brainchild of 31-year-old Hong Kong-based internet entrepreneur Brendan Blumer and programmer Dan Larimer. Mr. Larimer has garnered criticisms for working before abandoning both Bitshares and Steemit. A former colleague of Mr. Larimer, Charles Hoskinson, stated that Larimer “hasn’t finished a project yet.” The chairman of the Bitcoin Foundation, Brock Pierce, serves as an adviser to EOS and is a minority partner in the company. Block.one is registered in the Cayman Islands, and comprises roughly 50 employees. Development for the project reportedly occurs through an open-source development platform, and as such, the company does not have a central office.

At the end of October, Brock Pierce stated that EOS’s 345 day ICO had “almost” raised $700 million USD during a discussion at Launch Scale 2017, adding that the company is currently selling 2 million tokens daily. According to the Wall Street Journal, the figure is larger than that raised by “all but 10 of the 195 U.S. initial public offerings this year.”

The funds generated make the EOS ICO the largest ever, and coupled with accelerating bullish momentum during December, EOS has come to comprise the tenth largest cryptocurrency by market capitalization – boasting a total market cap of approximately $6.75 billion USD as of this writing. Mr. Pierce recently expressed his expectation that the ICO will raise “at least a couple” of billion USD before EOS’ development will occur.