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UAE crypto exchange BitOasis lists EOS token

Published by CryptoNinjas.net
11/11/2019
Dubai crypto exchange BitOasis adds EOS token support

The team of BitOasis, a UAE-headquartered bitcoin and cryptocurrency exchange, has announced that EOS token is now listed and supported for trading.

EOS is available on BitOasis’ new Core and Pro products with EOS-AED and EOS-BTC buying, selling and trading now active.

What is EOS?

EOS token was officially launched in June 2018. It is the native digital token of the EOS blockchain. The platform aims to facilitate scalable and valuable decentralized applications (DApps).

EOS Features Include:

  • Quick transactions – The EOS blockchain needs approximately two seconds to fully confirm a transaction, thanks to the delegated proof-of-stake (DPoS) consensus mechanism.
  • Governance – Only EOS holders are eligible to vote for block producers.
  • Utility – EOS token is used to obtain resources for developers to run their decentralized apps such as CPU (the processing power), NET (network bandwidth) and RAM (data storage).
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