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The EOS Community that launched in the course of 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 stated that the change to Valuta is scheduled for the tip of Could. The rebranding will embody a brand new token. An advisory group generally known as the Vaulta Banking Advisory Council may even be established to assist the agency transfer in its new course.
EOS Token To Transition To The Vaulta Token
In one other assertion, the corporate stated 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 accessible on the almost 140 exchanges the place EOS at the moment trades.
Traders will be capable to alternate their EOS tokens for the brand new Vaulta Token via a swap portal that will probably be made accessible in Could.
A New Period of Finance Begins.
After years of constructing the foundations behind the scenes, we’re excited to introduce Vaulta subsequent frontier of finance Web3 Banking
With cryptocurrency’s rising recognition, clearer rules, & rising demand for modern monetary merchandise,… pic.twitter.com/6TLlHR7MCa
— EOS Community (@EOSNetworkFDN) March 18, 2025
The EOS community’s blockchain infrastructure may even be inherited by Vaulta.
EOS Value Surges After Rebranding Announcement
Following its launch, EOS was a high 10 undertaking. Nevertheless, 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 at the moment ranked because the 68th largest crypto by market cap, with its whole capitalization standing at greater than $948.85 million.
Opinions on what went flawed with the undertaking range. Some who volunteered to help in creating the community stated there was a scarcity of assist and course for the undertaking.
Since its launch, the crypto’s value has dropped over 40%. Nevertheless, buyers 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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