It’s hard to imagine how crazy it was back then. People hadn’t even seen the coins, hadn’t experienced the interaction, and hadn’t even seen the wallet interface, but they were spending money like crazy to buy things.

It has been falling for 6 consecutive years since it went online. It has fallen terribly, but there are still countless leeks buying at the bottom.

From this we can see how rich and enthusiastic people in the cryptocurrency world are.

This coin is the EOS which is said to be worth 500 yuan after three waves.

In the cryptocurrency world, only 10% of people bought Bitcoin, and only 10% did not buy EOS. Although it may not be that exaggerated in reality, it is enough to show that EOS has a really good mass base!

Why do so many people buy EOS? The reason is that the publicity is too good. In that era when everyone was still simple, the richest man Mr. Li endorsed it with his real name, and the gimmick of blockchain 3.0 was enough to attract attention.

The key is that this coin is cheap. With only 6 yuan, you can buy a coin that can punch Bitcoin and kick Ethereum. Who wouldn’t be tempted?



Fundraising Stage

From June 25 to 30, 2017, EOS started the first phase of crowdfunding, with a fixed exchange ratio of 1ETH for 306Eos, which was about 6 yuan at the time.

The second phase is from July 1, 2017 to June 2, 2018, with 2 million tokens released every day, and the exchange ratio is determined according to the amount of ETH raised on that day.

By the end, a total of about 7 million ETH were raised, which was about 4.2 billion US dollars based on the price at the time. The scale of initial financing far exceeded that of well-known companies such as Google and Twitter.

Based on the current ETH price, the market value of the fundraising is as high as 12.6 billion US dollars.

In fact, the team at that time exchanged all the funds raised into BTC, and the money they made was incalculable!

In fact, EOS has been listed on many exchanges since July 2017, and it could be purchased directly on Yunbi.com at that time.



Highlights

The highlight of EOS was before it was launched on the mainnet. When it was just a token on ETH, it was the time when the price was the highest.

EOS was at a low of around $5 on April 1, 2018, and rose to its all-time high of $23 on April 29, a 460% increase in one month. With such an unprecedented increase and the campaigns of various super nodes, the entire community has also seen a collective frenzy.

In mid-April, all major exchanges launched EOS and promoted various stories about EOS on their front pages.

99% of the people in the entire cryptocurrency circle bought yuzu

There are many people who have invested all in. Just when everyone was imagining that EOS could rise to hundreds or thousands of dollars like ETH, it was hit hard. It started to fall from 23 dollars and never regained its glory.



Frequent vulnerabilities

On May 29, 2018, 360 discovered an epic vulnerability in the blockchain that allowed full control of virtual currency transactions.

The 360 ​​company's vuican (Vulcan) team discovered a series of high-risk security vulnerabilities in the blockchain platform EOS. It has been verified that some of these vulnerabilities can remotely execute arbitrary code on EOS nodes, that is, all nodes running on EOS can be directly controlled and taken over through remote attacks.

The EOS network owner said that the EOS network will not be officially launched until these problems are fixed.



Difficult mainnet launch

On May 26, 2018, global nodes issued a joint statement to jointly launch the only EOS mainnet.
Voting was held from June 10 to 13, but turnout was quite low, with only 3.6% at 11 a.m. on the 13th, far from the 15% activation condition.

On the same day, the world's largest exchange Bifnex came forward to promote the vote, followed by gateio, Huobi and others. At 1:50 am on June 15, 2018, after Li Xiaolai's bigone exchange promoted it, the EOS voting rate exceeded the critical line of 15%, and the main network was officially launched.



The beginning of tragedy

Since the launch of the mainnet, everyone has found that EOS is not as good as imagined. There are only a few applications and relatively cumbersome operations. The processing speed is not as good as advertised, which makes many developers disappointed.

Companies that have raised more than 4 billion US dollars are not even willing to use part of the money to fund the ecosystem. Perhaps they have already made the money and don’t want to bother anymore.



After the Three Waves

On the afternoon of May 20, 2017, EOS leader Wang arrived in Beijing as scheduled during his China trip. The leek dumplings and leek flowers gathered here, breaking the silence of the entire street.

At that time, Wang Tuanzhang was one of the most popular KOLs in the cryptocurrency circle, with hundreds of thousands of real fans. His popularity was comparable to that of the digital currency trend maniac at that time.

Head Wang talks about the prospects and future of EOS

From a short-term perspective, EOS has three major waves:

The first wave: seeing flowers in the waves, that is, the EOS super node election, is now at this stage. This stage has made the EOS community unprecedentedly active, and community building is the biggest development soil for blockchain projects.

The second wave: Flowers bloom on the wave. This stage is accompanied by candy airdrops from various DAPPs, which is similar to the market situation of Bitcoin fork last year. Holding EOS is like holding an old hen, which will keep laying eggs for you.

The third wave: The prodigal wanderer. During this stage, various applications on Ethereum will be migrated to the EOS main chain. With the emergence of various DAPP applications based on the EOS main chain, the third wave will soar.

The circulating market value of ETH is now close to 400 billion, while the market value of EOS is only close to 80 billion. It is only a matter of time before EOS surpasses ETH.

After the third wave of EOS, the price is about 500 RMB. If it is hyped, the price may be higher.


Conclusion:
After 6 years, EOS is now worth only 4 yuan, less than one percent of the bold words. Until today, there are still countless leeks who continue to buy at the bottom and still dream of the 500 yuan dream.

Don't believe any stories. You have to know that those who make money are always only a small minority.

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