EOS

[_act_]

I remember this coin just right now, I wanted to see the price of the coin, I did not see. The coin has rebranded to Vaulta (A) was what I found out about it.

Crypto market is highly unfortunate. I remember when EOS was among the top 10 coins. I still saw the price in 2021 rose to $14, but Vaulta right now is $0.0777 ranked 176.

The marketcap is even self reported.

[OmegaStarScream]

I also remember it when it first launched. I believe it was backed by Tim Draper back then, and the plan for it to be the next big thing after Ethereum.

I highly doubt the rebranding would do anything. with a trading volume of 75K $ in the last 24h and barely any recognizable CEX... the developers behind it might as well abandon the ship.

[sergiorus]

I also remember it when it first launched. I believe it was backed by Tim Draper back then, and the plan for it to be the next big thing after Ethereum.

I highly doubt the rebranding would do anything. with a trading volume of 75K $ in the last 24h and barely any recognizable CEX... the developers behind it might as well abandon the ship.

To be fair you must have checked some other coin. Vaulta (ex-EOS) is on Binance, OKX, Bybit, Kraken etc. Basically all those that had EOS. Volumes still suck though. (https://coinmarketcap.com/currencies/vaulta)


It was one of the biggest extractions ever too, IIRC they raised BILLIONS of dollars via public sales and then kept dumping the overvalued token for years. I guess the rebranding is an attempt to erase the nightmarish history of the coin so retail can be bamboozled into buying it once again.

[Nwada001]

Among all the choices and options they have, the only thing they could come up with is rebranding? When they should have focused on building to meet up with competition and attract users, and even after the rebranding, if not for the opportunity to bring it up, it did not gain attention.

Almighty EOS blockchain—back then the team just lacked all it takes; now they have made the token more junk.

[Stalker22]

~
 I guess the rebranding is an attempt to erase the nightmarish history of the coin so retail can be bamboozled into buying it once again.

As far as I understand, the rebranding and token swap were already done over a year ago.  It did not help them... The price continued to fall, from $0.77 at the time to $0.077 now.  Thats a tenth of the value in just a year.  And lets not forget this thing was once hyped up as the "Ethereum killer."  LOL!

[Balmain]

The crypto market is very ruthless and realistic. I heard the name EOS a lot in the past, we all did. Some sources even talked about it being the best blockchain, it was constantly being hyped up. And its price did rise well in the last bull run. They're making one last attempt with a rebranding, but I think rebranding is an extremely desperate move.

[TastyChillySauce00]

If you observed in CoinMarketCap, Vaulta went down from $0.7 to $0.07 but if you look at EOS ticker, it literally went down from $22 to $0.07 which is crazy dump, turning gold into dust.
Their strategy to pivot doesn't really work either. From L1 to RWA, yet the price plumetted 90% just within a year hitting another low. I wonder how it become this bad.

[asriloni]

This coin called EOS was getting so popular due to the Dan Larimer. FYI, Dan Larimer was the creator of Bitshares and Steemit. It's the reason why many were FOMO buying this shit coin. However, it's getting a huge downfall just after Dan Larimer stepped down from his position as CTO in the block.one, an organization behind EOS.

So many people have been leaving this project. It's also dropping from two digits to the less than 10 cents, which is proving means nothing when a project has lost its future vision. 4 billions raised were going to the somewhere.

This coin is now no more than a shit coin. Its blockchain has no use and very lack of users.

[sergiorus]

This coin called EOS was getting so popular due to the Dan Larimer. FYI, Dan Larimer was the creator of Bitshares and Steemit. It's the reason why many were FOMO buying this shit coin. However, it's getting a huge downfall just after Dan Larimer stepped down from his position as CTO in the block.one, an organization behind EOS.

So many people have been leaving this project. It's also dropping from two digits to the less than 10 cents, which is proving means nothing when a project has lost its future vision. 4 billions raised were going to the somewhere.

This coin is now no more than a shit coin. Its blockchain has no use and very lack of users.

Ohhh you unlocked many memories with this one. Larimer, Steemit, Bitshares....

$4 billion fundraising from the retail feels surreal now....especially considering it was 8 (EIGHT) years ago! 
Now top tier L1 blockchains don't have that number even as FDV.
Truly one of the biggest extraction events in crypto ever.

[o48o]

This coin called EOS was getting so popular due to the Dan Larimer. FYI, Dan Larimer was the creator of Bitshares and Steemit. It's the reason why many were FOMO buying this shit coin. However, it's getting a huge downfall just after Dan Larimer stepped down from his position as CTO in the block.one, an organization behind EOS.

So many people have been leaving this project. It's also dropping from two digits to the less than 10 cents, which is proving means nothing when a project has lost its future vision. 4 billions raised were going to the somewhere.

This coin is now no more than a shit coin. Its blockchain has no use and very lack of users.

Him leaving was pretty obvious as he also left all the projects he ever started.

And to be fair, they raised 4.2 Billion dollars and had HUGE market cap from the start, so was pretty clear that it would drop from there. I don't think it's a totally shit project, and i don't have technical knowledge to audit their tech. But projects need to be valued somewhat sensibly and this clearly wasn't the value it deserved.

[Stalker22]

~
And to be fair, they raised 4.2 Billion dollars and had HUGE market cap from the start, so was pretty clear that it would drop from there. I don't think it's a totally shit project, and i don't have technical knowledge to audit their tech. But projects need to be valued somewhat sensibly and this clearly wasn't the value it deserved.

No, it wasnt destined to fail.  It failed because the management took all the funds and did very little for the project itself.  With such funding, one could literally hire the best developers in the world, build an awesome ecosystem, and promote themselves into a dominant position.   A blockchain is only as good as its ecosystem.

[JeromeTash]

'Ethereum killer', they said. I remember the coins and its ICO. The ICO was considered so successful. The problem that hindered EOS's adoption was the creation of accounts/addresses. It was a very hard process, to be honest. Similar to TRON's but the reason TRON is still active/alive is because of USDT
EOS fell just like that and it has never been the same again.

[rbynxx]

I remember this coin just right now, I wanted to see the price of the coin, I did not see. The coin has rebranded to Vaulta (A) was what I found out about it.

Crypto market is highly unfortunate. I remember when EOS was among the top 10 coins. I still saw the price in 2021 rose to $14, but Vaulta right now is $0.0777 ranked 176.

The marketcap is even self reported.

I remember they are in the top 20 I guess by market cap before and I never truly heard ever since. I wonder why these projects that after rebrand you'll never see them ship anymore and they will slowly dying. There's something scary about rebranding tbh, not that it applies to all but it definitely sends a reminder.

[LogitechMouse]

---

It hasn't listed on Coinmarketcap anymore since it already rebranded, but the ATH of that coin was around $22, and I'm one of the investors that saw it, and also I saw the price of the coin go down, and down, and down. It's because I followed the coin back in 2017-2018 and TBH, I wanted to buy that coin during that time and hold. Back then I don't know about the 4-year cycle and how the market moves. I'll just share a short story about this coin because this project is the one that I will never forget.

Back in 2017, I followed this coin, and it's pumping in price. I have a friend that's also into crypto as well, and he's a good trader that's why I asked him if I can get a loan so that I will use that money to buy some EOS. The price of it during that time was around $20-$21. To cut the story short, he didn't gave me the loan, and that rejection for me was a "blessing in disguise" because if he gave me the loan and I bought some, I could've lost the majority of my capital and I will also pay the debt as well. It's just good that he didn't gave me a loan or I could've been in a huge trouble back then.

That's why this project is the one that I will not forget because I have some good memories in it. Unfortunately after than 2017-2018 bull run, the price of the token went down, and down, and down. No one's even talking about it on online anymore. Lack of marketing, lack of development and many more. We've seen projects in the past that has been in the top and now out of top 100 already and EOS is one.

[Iranus]

I remember they are in the top 20 I guess by market cap before and I never truly heard ever since. I wonder why these projects that after rebrand you'll never see them ship anymore and they will slowly dying. There's something scary about rebranding tbh, not that it applies to all but it definitely sends a reminder.

EOS was once ranked as high as 5th by market cap, reaching around $17 billion in 2018, not just the top 20. It was the largest ICO in crypto history, raising about $4B over the course of a year, and was widely regarded as an Ethereum killer at the time.

EOS was rebranded after years of stagnation and a loss of community trust.

Rebranding is merely a way to evade responsibility and escape the shadow of a project that betrayed investors, not an attempt to revive the project. So do not be surprised that they have not made any significant progress since it changed its name to Vaulta.


https://www.cnbc.com/2018/04/12/cryptocurrency-eos-leaps-past-litecoin-into-fifth-place-by-market-cap.html

[asriloni]

This coin called EOS was getting so popular due to the Dan Larimer. FYI, Dan Larimer was the creator of Bitshares and Steemit. It's the reason why many were FOMO buying this shit coin. However, it's getting a huge downfall just after Dan Larimer stepped down from his position as CTO in the block.one, an organization behind EOS.

So many people have been leaving this project. It's also dropping from two digits to the less than 10 cents, which is proving means nothing when a project has lost its future vision. 4 billions raised were going to the somewhere.

This coin is now no more than a shit coin. Its blockchain has no use and very lack of users.

Ohhh you unlocked many memories with this one. Larimer, Steemit, Bitshares....

$4 billion fundraising from the retail feels surreal now....especially considering it was 8 (EIGHT) years ago! 
Now top tier L1 blockchains don't have that number even as FDV.
Truly one of the biggest extraction events in crypto ever.

Yeah, EOS ICO is still remain the biggest extraction in the crypto ever followed by TON ICO, which was raised 1.7b. The thing that shocked me is that about how EOS team can go away with 4 billions, and dump all of their pre mined coin with none even asked about the transparency of the money raised from ICO.

[passwordnow]

I remember this coin just right now, I wanted to see the price of the coin, I did not see. The coin has rebranded to Vaulta (A) was what I found out about it.

Crypto market is highly unfortunate. I remember when EOS was among the top 10 coins. I still saw the price in 2021 rose to $14, but Vaulta right now is $0.0777 ranked 176.

The marketcap is even self reported.

I also remember that but I didn't know that there's a rebranding for that coin. I think that it was even said that it's an ETH killer and such but we haven't seen that. While ETH stays in the top, this coin has been forgotten and even more because of the rebranding. There's something wrong with the rebranding and those projects that have made their names don't need to do that.

[o48o]

'Ethereum killer', they said. I remember the coins and its ICO. The ICO was considered so successful. The problem that hindered EOS's adoption was the creation of accounts/addresses. It was a very hard process, to be honest. Similar to TRON's but the reason TRON is still active/alive is because of USDT
EOS fell just like that and it has never been the same again.

To be fair, that has said about every coin out there since Ethereum became the nr1 altcoin. Since then, title has always been either Ethereum killer or the next Ethereum.

And i definitely agree that only reason for Tron being alive is USDT, but it's weird how it's still alive, considering that there are other alternatives. Imho EOS died because why would anyone be interested in something like that. It's like a fever dream of anyone back in 2017 who believed that everything should be done with blockchain, even though databases are cheaper, faster more reliable and more efficient in every front.