EOS Community Rebrands To Vaulta As Half Of Web3 Banking Shift
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EOS Community Rebrands To Vaulta As Half Of Web3 Banking Shift


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The EOS Community that launched through the 2018 preliminary coin providing increase has rebranded to Vaulta as a part of its pivot to concentrate on Web3 banking.

In a March 18 assertion, the corporate mentioned that the swap to Valuta is scheduled for the tip of Might. The rebranding will embrace a brand new token. An advisory group referred to as the Vaulta Banking Advisory Council may even be established to assist the agency transfer in its new course.

EOS

EOS Token To Transition To The Vaulta Token

In one other assertion, the corporate mentioned that the community’s native EOS token will transition to the Vaulta Token. Though the brand new crypto’s ticker particulars and technical particulars will solely be disclosed at a later date, the crew did say that the brand new token will probably be out there on the practically 140 exchanges the place EOS presently trades. 

Traders will be capable of alternate their EOS tokens for the brand new Vaulta Token by a swap portal that will probably be made out there in Might.

The EOS community’s blockchain infrastructure may even be inherited by Vaulta.

EOS Value Surges After Rebranding Announcement

Following its launch, EOS was a prime 10 venture. Nonetheless, its value has since been on a gradual decline. Together with the lower in value, the crypto has additionally dropped out there rankings. CoinMarketCap knowledge exhibits that the altcoin is presently ranked because the 68th largest crypto by market cap, with its complete capitalization standing at greater than $948.85 million.

Opinions on what went mistaken with the venture fluctuate. Some who volunteered to help in creating the community mentioned there was an absence of help and course for the venture.

Since its launch, the crypto’s value has dropped over 40%. Nonetheless, traders and merchants reacted positively to the rebranding announcement. EOS subsequently surged greater than 24% within the final 24 hours to commerce at $0.6109 as of 8:30 a.m. EST.

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