First promising ICO I've found launching 🚀 On The EOS Platform !steemCreated with Sketch.

in #eos6 years ago

Personally I have decided to hold out on investing in any new ico sales due to the fact that the vast majority are using the Ethereum network.

Since having learned of EOS.IO I have become quite enthusiastic about the platform and have concluded that EOS does have something truly great to offer the entire industry of decentralization of applications and smart contract enabled business models. So much so that it is a realistic notion that Eos could completely replace Ethereum.

If you visit their website http://www.eos.io and do your research you most likely will come to the same conclusion as myself and many others who support the Eos project; that it is in fact a superior technology and a worthy contender aimed to give Ethereum a run for its money.

I was delighted to have learned about the first promising , upcoming ico set to launch in the end of June 2018 who will be using Eos as their base operating system !

An up and coming project known as the InsightNetwork aimed at being a blockchain based market research platform.

"The Insights Network’s unique combination of blockchain technology, smart contracts, and secure multiparty computation enables the individual to securely own, manage, and monetize their data."

- http://insights.network - Built on EOS & here's why...

"-EOS gives Dapp Builder's the ability to build Commercial Scale DApps and support thousands of transactions per second with Parallel Execution, Asynchronous Communication and Separates Authentication from Execution. Forking your apps blockchain is no longer necessary with EOS Freeze and Fix Broken Applications feature set and generalized role-based permissions. "

Here is a snippet from the white paper explaining why the insights network will be using Eos as their blockchain os of choice:

"We are building on EOS, an upcoming blockchain operating system. Though it is unreleased, it is being
developed rapidly, and as of this writing, we are currently building on the a local test node, as well as
hedging our development by simultaneously building on Ethereum. This section goes into why we have
chosen EOS. "

Prior to EOS, Dan Larimer, the architect of EOS, architected two successful blockchain projects, Steemit and BitShares. Steemit is the only blockchain app that handles a realistic workload, 17,000 daily active users (dau). Graphene, the blockchain used in BitShares, has shown it can handle 20,000 transactions per. second on a network. When released, EOS will have the greatest throughput of any blockchain network currently in existence, which will be needed to handle the level of activity we expect in the Insights Network. In addition, EOS will have several features that make it suitable for operating an app such as the Insights Network.

  1. EOS allocates resources, such as transaction bandwidth, to each account according to the number
    of EOS tokens held by that account. It also allows apps to pay for their users’ usage, which means
    that users do not need to pay each time they use an app unlike with other blockchain networks,
    such as Ethereum.
  2. Smart contracts and decentralized apps (dApps) can be upgraded to introduce new features and
    fix bugs, which will allow us to improve the Insights Network rapidly in response to real-world
    usage.
  3. Many of our users are ordinary people, and there is no guarantee that their devices are secure;
    inevitably, some of their accounts will be compromised. Unlike other blockchain networks, EOS
    allows compromised accounts to be recovered with the help of a designated partner if they
    provide identity documentation and multi-factor authentication.
    A portion of the proceeds from our token sale will be used to acquire and hold EOS tokens. Holders of
    EOS tokens are provided guaranteed transaction bandwidth across the network without disruptions caused
    by other activity occurring on the EOS blockchain. For example, in the event of an ICO or even a
    denial-of-service attack, users are still entitled to their share of the transaction bandwidth. EOS calls this
    "rate limiting"
    See more on this project by visiting their website and reading the white paper at http://insight.network

This is just one up and comming project of many more to come that give potential investors so much more opportunity and potential of their investments. The adoption of Eos by more and more projects will be some of the first steps of the evolution of an already new technology , and proof of just how fast new technology and its adoption continue to make ground breaking advances. Looking forward to seeing more and more projects choosing to adopt the Eos platform ad their choice operating system , the future is bright!

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A portion of the proceeds from our token sale will be used to acquire and hold EOS tokens.
interesting. EOS tokens will be buy up?

Yeah I saw that , since EOS tokens are required to make use of the platform that means that they need tokens in order to run their project , so its another way of explaining how they will be using money generated from their token sale to buy a stake of the EOS tokens thereby granting them use of the resources eos os will provide.

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