The EOSIO smart contract platform is being developed by the private company block.one. The platform is being released on the 1st of June 2018, and will give developers the tools they need to deploy decentralized applications. The platform will have its native blockchain cryptocurrency, EOS.
One billion EOS tokens will be distributed to help the launch of the blockchain. Also, over one billion dollars from the token sale will be used to fund the development of the EOSIO blockchain.
Recently, OK Blockchain Capital, which operates the OKCoin project, have said they want to support the EOS ecosystem with $100M. It wants to set up an investment fund to support future EOS projects. It also wants to help distribute the EOS blockchain token, possibly by adding it to the OKCoin exchange. EOS are yet to accept the offer though.
At the time of writing this post, EOS was $13.45 on Binance with a volume of 8,544. There’s a good chance that EOS will start to push towards $15 in the coming hours.
EOS is currently the 5th largest cryptocurrency by marketcap. Since the platform release is not too far away, EOS is likely to do well. In my opinion, EOS will head towards $30 within the next 3 months, and probably $70 by the end of the year.
As companies start using the platform to build decentalized applications, and the platform develops further, we should see this reflect positively on the price of EOS. Obviously, those are my own predictions, and not financial advice. Please do your research and only invest what you can afford to lose.
If you plan to hold EOS in your portfolio, remember to register your EOS ERC20 tokens before the 1st of June, in order to claim your EOS Blockchain tokens. Steemit author, Malexanders, has provided a good guide on how to do this.