EOS -Token Spijkert 30% as Network Crimes to ‘Vaulta’

Blockchain Network EOS announced his rebrand on Tuesday to “Vaulta” while it is all about “Web3 Banking” in an attempt to take advantage of the growing demand for innovative financial products.

Traders are enthusiastic about giving the opportunity EOS Token with 30% to $ 0.65 shortly after the unveiling, Coingecko data to show.

Despite the sudden rise, token continues to fall by 188% compared to the all time of $ 22.89, which shows the challenges that the blockchain is confronted with since the explosive debut.

The transition to Vulta has been set for the time being at the end of May 2025, in which the EOS -token is being changed for the new Vaulta -Token, EOS said in a Tuesday rack.

The SWAP will be bidirectional for four months, allowing users to exchange their EOS tokens for Vaulta at a 1: 1 ratio via a special portal.

The Vaulta -Token will also be mentioned on the nearly 140 fairs where EOS is currently trading. The token -touches and additional technical details will be unveiled at a later date, EOS said in a separate one rack.

Vaulta’s “Web3 Banking OS” offers a series of tools to have a fractional ownership of Real-World assets, bets, guardianship and Bitcoin Proceeds strategies, including offers, said EOS.

The platform will build on the existing EOS technology, making some important upgrades to improve how it works with other block chains.

Smart contracts

One of the most important upgrades is a function called Exsat, which will help Smart contracts On Bitcoin, so that Vaulta can communicate with other blockchain networks.

The Vaulta system will be a transactive finality of one second, C ++ compatibility, and Ethereum virtual machine (EVM) Compatibility for smart contracts.

Through collaborations with Spirit Blockchain, which makes a fractional property of Real-World assets possible, and Ceffu, specializing in custody and strategies, Vaulta claims that the Defi and traditional finances will merge into a ‘safe environment’.

The platform is also planning to set up a bank advisory board to advise on the direction of the project, including fintech and web3 representatives of Systemic Trust, Tetra and ATB Financial.

Launched in 2018 to challenge Ethereum, EOS initially received considerable attention to its high transaction supply and lower costs, because of its unique delegated proof-of-stake (DPOS) consensus mechanism.

With his record ICO, a huge education $ 4.1 billionEOS was initially seen as an important competition in the blockchain space, praised as an ‘Ethereum murderer’.

Within a year after her debut, the US Securities and Exchange Commission (SEC) submitted Costs against Block.one, the company behind EOS, for the implementation of a non -registered securities sales.

Block.one eventually resolved the case by Pay a fine of $ 24 millionA fine that was minimal compared to the collected $ 4 billion.

As time went, the network had difficulty meet expectations with frequent congestion problems and “mutual votes” accusationswhich leads to a significant one Loss of market confidence and a substantial decrease in token value.

Published by Sebastian Sinclair