EOS, a blockchain venture that raised $4 billion in its year-long ICO in 2017, is rebranding to Vaulta. By way of this rebranding, the venture can also be shifting its focus to Web3 banking, with the transformation set to conclude in late Might 2025 however is “subject to confirmation and change.”
EOS Rebrands To Vaulta
In a press launch, the workforce mentioned Vaulta will problem a brand new token and set up the Vaulta Banking Advisory Council to information its new monetary path. Technically, issuing a brand new token marks the top of EOS, requiring holders to transition to the Vaulta token.
The token, which continues to be among the many finest cryptos to purchase, might be accessible on all exchanges the place EOS at the moment trades.
Per Coingecko knowledge, EOS is listed on over 120 exchanges—together with Binance and Coinbase—and paired not solely with USD and stablecoins like USDT and USDC but in addition with main currencies like Bitcoin and Ethereum.
As a part of this transition, EOS will launch a swapping portal as soon as the transformation concludes in Might. The portal will allow present EOS holders to swap their holdings for Vaulta tokens easily and securely.
No particulars concerning the new token’s ticker or technical specs can be found but. Nevertheless, as soon as the portal is prepared, the workforce will launch this data as EOS redirects its efforts and sources to Vaulta, which can focus totally on DeFi providers.
Vaulta will combine its monetary options via its BankingOS system, incorporating Bitcoin digital banking by way of exSat. This service is designed to reinforce monetary entry via blockchain-based banking options. Past exSat, Vaulta will achieve assist from key companions, together with Ceffu, Spirit Blockchain, and Blockchain Insurance coverage Inc.
The aim might be to broaden Vaulta’s capabilities in web3 banking as they develop the 4 pillars of “Wealth Management, Consumer Payments, Portfolio Management, and Insurance.”
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Will EOS Reclaim Its Misplaced Glory?
This transition gives an enormous reduction for EOS holders and venture supporters. Excessive expectations adopted the $4.1 billion ICO in 2017–2018.
Nevertheless, missing path and management, EOS slipped from the market cap leaderboard, failing to reignite investor curiosity through the years. The coin fell from $22 to under $0.40, trailing among the finest meme cash to put money into 2025.
Block.one confronted accusations of misusing funds and neglecting the EOS blockchain, opposite to the guarantees of its extremely publicized ICO.
The neighborhood, via the EOS Community Basis (ENF), took authorized motion towards Block.one, alleging it didn’t honor a $1 billion funding dedication from the $4 billion ICO.
The ENF claimed Block.one not solely misused funds but in addition uncared for the EOS ecosystem by redirecting sources to ventures like Bullish, searching for $4.1 billion in damages.
As Founding father of @EosNFoundation I share your frustrations! We’re taking additional steps to carry @B1 accountable for its previous actions and damaged guarantees towards #EOS. Assessment of ALL potential authorized recourse to hunt $4.1B in damages underway. Let’s do that collectively! #4BillionDAO coming
— Yves La Rose (@BigBeardSamurai) February 10, 2022
In December 2021, EOS block producers additionally voted to halt the issuance of 67 million vested EOS tokens to Block.one.
Yves La Rose, founder and CEO of the Vaulta Basis, mentioned the rebranding is greater than a beauty overhaul. Vaulta, he added, will launch after years of “planning and strategic development.”
In response to this announcement, EOS costs rose on March 18.
After losses all through Q1 2025, the token might get well sharply, doubtlessly reclaiming $1 and its 2024 highs of $1.5 within the coming periods.
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EOS Rebrands To Vaulta
- Rebranding Shift: EOS turns into Vaulta, specializing in DeFi and Web3 banking with a brand new token
- Token Transition: Holders will swap EOS for Vaulta by way of a portal launching in Might 2025
- Price Surge: EOS rose on March 18, eyeing $1–$1.5 after Q1 2025 losses
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