Everything you need to know about EOS and Top Airdrops to Follow

Over the last few months, the blockchain space has been saturated with game changing developments. However, Block.one´s EOS has made the entire world take notice after recently concluding the largest initial coin offering (ICO) in history.  Having raised more $4 billion USD with its year-long token crowdsale, EOS is quickly becoming the hot topic of the crypto space. Currently, EOS is ranked 5th in Coin Market Cap and have almost $9 billion USD in market capitalization.

But, what is EOS? EOS is a blockchain based platform aiming to become a decentralized operating system which can support the development, hosting, and execution of industrial-scale decentralized applications (dApps) in the EOS platform.

The idea behind the project is to bring together the best features and promises of the various smart contract technologies out there in one simple to use, massively scalable platform for the everyday user and empower the growing blockchain economy. To accomplish this, EOS promises to completely remove transaction fees with a scalable solution, able to conduct thousands of transactions per second.

EOS Background

EOS is the third blockchain project by ​Dan Larimer​, whose past projects include ​BitShares​ and ​Steemit​, two application-specific blockchains that are currently among the ​most used blockchains​ in the world. All three of these projects are built on a framework called ​Graphene​, developed by Larimer and his team to enable high-throughput and low-latency blockchain applications.

BitShares, a decentralized exchange (DEx), was Dan´s first project and the first implementation of delegated proof of stake (DPoS), a consensus model cheaper and more efficient compared to Bitcoin´s proof of work (PoW). BitShares was designed with the importance of reducing transaction cost, and increasing the speed of transactions, in mind. Among other things, BitShares launched the concept of a Decentralized Autonomous Corporation (DAC​) and pioneered the first decentralized stablecoin, bitUSD​.

After leaving BitShares in 2016, Dan cofounded ​Steemit​​. Steemit is a decentralized social network built on the ​Steem​ blockchain that introduced a new economic model to blockchains and rewards for its users. Steemit pays both the content creators when their work gets upvoted, as well as the people who curate the best content on the site by upvoting others work. One of the most prominent features of Steemit was the new token model that entitled users with network resources like bandwidth in proportion to how much of the network token they owned, allowing both pseudospoofing resistance and zero transaction fees. All these innovations made Steemit arguably the first decentralized application (dApp) to gain widespread adoption.

Larimer left Steemit in early 2017 and announced EOS a few months later, in May at ​Consensus​. While both BitShares and Steemit were application-specific blockchains, EOS is a general-purpose operating system platform on which many decentralized applications can be built, competing with other smart contract platforms like Ethereum, NEO, Cardano, Waves, ICON, Lisk, Stratis just to mention a few. To let dApps be built in their platform, Block.one provides an architecture for validating, governing, and evolving a decentralized network, built in open source software. ​Larimer serves as Block.One’s CTO, and the company is led by CEO Brendan Blumer​, a serial entrepreneur based in Asia.

How does EOS work?

The EOS vision is to build a blockchain dApp platform that can securely and smoothly scale to thousands of transactions per second, all while providing an accessible experience to App developers, entrepreneurs, and users. The idea is to lower the barriers of entry for anyone seeking blockchain powered solutions by providing a complete operating system for decentralized applications focused on the web by providing services like user authentication, cloud storage, and server hosting. To achieve high throughput and zero transaction fees, EOS uses delegated proof of stake (DPoS) and a token ownership as bandwidth model which we will explore later in this article.

Scalability

Currently, the biggest problem that the blockchain space is facing is arguably the scalability issue. While the mainstream payment methods such as Visa and Paypal can manage up to 2400 and 193 transactions per second, Bitcoin and Ethereum are only able to manage 7 and 20, respectively. The reason why blockchain powered applications can´t compute that many transactions per second are because each and every node of the network must come to a consensus for anything to go through.

This is why Block.one chose to prioritize scalability at the expense of decentralization. EOS chose to use DPoS consensus mechanism to easily compute millions of transactions per second.

Flexibility

The EOS ecosystem provides a flexible model based on 21 block producers that can vote on which transactions are confirmed, whether an application is running correctly and on changes to the source code of individual applications as well as the EOS system itself. It is important to notice that not every node has to take care of chain maintenance. How are the 21 block producers are selected? Through a continuous approval voting system where anyone who holds tokens on a blockchain integrated in the EOS software can participate.

This means that the community can actively upgrade, downgrade, and fix bugs in the system in a democratic and secure manner.

Governance

In EOS, governance is maintained by establishing jurisdiction and choice of law along with mutually accepted rules, done via a legally binding constitution. To bind the users to this constitution, every single transaction in EOS must include the hash of the constitution to the signature.

How can the constitution and protocol be amended? First of all, for any change proposed by a block producer, it has to have an approval rate of 17/21 and this approval rate must be maintained for 30 days in a row. Then, all users are required to sign off their transactions using the hash of the new constitution. To reflect the changes in the constitution and propose it to the blockchain, block producers has to adopt the changes to the source code using the hash of a git commit and again, maintain 17/21 approval for 30 consecutive days. After that, full nodes are given one whole week to adapt to the new changes and any node that doesn’t follow the new protocol is automatically shut down.

It is important to note that if there is an emergency, block producers have the power to speed up the amending process.

Usability

Having built two applications specific blockchains before with far better user experiences compared to other dApps, CTO Larimer is bringing many of the innovations he pioneered in them to EOS. For instance, both BitShares and Steemit process more transactions per day than many other blockchains, including Ethereum.

To mention a few innovations Larimer is putting in the table, EOS will allow well-defined levels of permission by incorporating features like a web toolkit for interface development, self-describing interfaces, self-describing database schemas, and a declarative permission scheme.

Furthermore, EOS transactions will be free for users, which is a massive breakthrough, as it will enable consumers to interact with the EOS blockchain dozens of times per day without worrying about paying fees. This focus on usability will help expand the user base for EOS and makes it attractive for developers to build on.

What is Delegated Proof of Stake (DPoS)?

So, now we come to the consensus mechanism. As you are probably aware of, the most common consensus mechanism out there is Proof of Work (PoW), the one that is used by Bitcoin. However, by choosing to prioritize scalability at the expense of decentralization, EOS is using Delegated Proof of Stake (DPoS) as their consensus mechanism.

To understand how DPoS works, lets first remember what Proof of Stake (PoS) is. PoS makes the entire mining process virtual and replace miners with validators. After locking up some of their coins as stake, the validator will start verifying the blocks. In the PoS system, there is no block rewards, so the validators take the transaction fees. How the validation works? Whenever the validators discover a new block which they think can be added to the chain, they will validate it by placing a bet on it. If the block gets appended, then they will get a reward proportionate to their bets. With this model, PoS currencies can be several thousand times more cost-effective than PoW ones. But by concentrating block production in the hands of just a few, known, semi-trusted entities, DPoS is able to achieve orders of bigger magnitude than other proof-of-stake (PoS) blockchains.

As previously discussed in this article, those who hold the network token can cast votes to elect block producers. These votes are then weighted by the voter’s stake. If needed, users can also delegate their voting power to others in the community who can vote on their behalf. In this sense, DPoS works as a ​liquid​, ​transparent, representative​ democracy with token holder suffrage. To incentivize against bad behavior of their representatives, EOS block producers compete to receive votes from the community and they can be voted in or out at any time.

What to keep in mind before investing?

When looking at all the plans for EOS, it is hard to deny that the project can indeed revolutionize the whole crypto space. That said, there are still some doubts regarding the project and things to keep in mind before investing. The biggest problem at the moment with EOS is that even though the software has been out for a few days already, the EOS community has still to align to one network as being the official Mainnet. This could take anywhere from weeks to months. And in order to fulfill all the promises written before, and live up to users’ expectations, EOS has to have a solid mainnet, free of any kind of vulnerabilities.

For now, the network is still going through its ‘launch sequence.’ That process takes anywhere from 24 to 48 hours to complete successfully. On June 10th, there will be a round of validation by the EOS Mainnet Launch Group. Assuming that validation is successful, the net will be opened to the public.

After the launch, there will be a voting round for the 21 initial Block Producers. This voting process requires 150M tokens to be ‘spent’ on the vote itself. This is the final step which needs to be completed prior to officially launching the EOS mainnet in its whole capacity. This is indeed a very exciting period for EOS supporters, although there is still a long way to go.

Top EOS Airdrops to Follow

One of the most exciting things about EOS is the airdrops. Unlike Ethereum, many EOS projects are choosing to collect zero funds up front. Instead, they simply drop their token to the EOS community, while keeping themselves a percentage of the total amount of tokens created to fund their project. The markets then decide the value of the token based on demand, and the team would have raised money based on the laws of the markets, making it an easy and practically free alternative to start a project on EOS.

Below is a list sorted in alphabetical order, of projects issuing free tokens to existing EOS token holders:

Atidium

Atidium is a payment & budget management decentralized application for individuals and businesses operating on the EOS blockchain. Atidium will airdrop 900,000,000 ATD tokens to all registered EOS holders in a ratio of 1:1 in June 28, 2018. The total supply will be 1,500,000,000 ATD tokens which 300,000,000 ATD tokens will be reserved for team and 300,000,000 ATD tokens will be allocated to development and marketing campaign which will run for one year and will be driven by the community.

Website:

http://www.atidium.io/

Air Drop Date:

June 28, 2018

Status:

Development/Alpha

Token:

ATD

Token Claim Info:

http://www.atidium.io/#Airdrop

CETOS

Cetos´s goal is to provide an interface to existing block-chain projects, facilitating high demands of the health care industry; while providing an asset with infinite value as well as Internet, electricity, and clean water.

Category:

Health Care

Website:

http://www.cetos.io/

Air Drop Date:

June/July 2018

Status:

Development/Alpha

Token:

CETI

Token Claim Info:

http://www.cetos.io/whitepaper/whitepaper.pdf

Carmel

Carmel is a Decentralized Open Source Tech Education Platform that helps aspiring and seasoned Software Developers grow their skill set and track their growth through tokenized peer challenges.

Category:

Education

Website:

https://carmel.io/

Air Drop Date:

April 2, 2018

Status:

Development/Alpha

Token:

Carmel

Token Claim Info:

https://github.com/fluidtrends/carmel/blob/master/docs/whitepaper/README.md#token-distribution

Chaince

Chaince is a trading platform of blockchain assets focusing on projects around EOS. Under the premise of ensuring the security of users’ assets, Chaince is committed to providing global users with excellent product experience, high-quality listed projects and transparent trading services of quality blockchain assets. The Chaince Foundation will issue Chaince Token (CET) based on the EOS for a total amount of 2 billion. CET tokens will be airdropped to holders of circulating EOS tokens according to the EOS genesis snapshot for initial token balances once EOS mainnet launches.

Category:

Exchange

Website:

https://chaince.com

Air Drop Date:

June 15, 2018

Status:

Beta

Token:

CET

Token Claim Info:

http://chaince.com/whitepaper/Chaince_WP_en_2.0.pdf

DEOS Games

DEOS Games lets you play zero house edge, provably fair, and truly decentralized games. All EOS Token holders can get their DEO tokens by 1:1 rate. Once DEOS Games is launched, DEO token holders can play games in its platform and get a chance to win bounty prizes.

Category:

Gambling

Website:

https://deosgames.com

Air Drop Date:

May 25, 2018

Status:

Development/Alpha

Token:

DEO

Token Claim Info:

https://deosgames.com/index.html

EDNA

Most people are aware of what bad things can happen when centralized authorities control our money. DNA is a tool every bit as powerful as currency – and will become even more so in the near future. The EDNA team aims to place control of human DNA in the hands of the people, not governments and mega-corps. Their mission is to solve centralized control of human DNA, both the identification aspects and the modification aspects.

Category:

Healthcare

Website:

https://edna.life

Air Drop Date:

Unpublished

Status:

Beta

Token:

EDNA

Token Claim Info:

https://edna.life/tokens

EON

EON is an intelligent high-speed blockchain operating system. Flexible and intelligent allocation of the entire network computing power instantly synchronizes node load and cloud network and enables the average TPS of the entire network to reach over 100,000. Thus all network requests will be completed at the same time, which solves the problem of a mere 4000 TPS caused by numerous network requests generated in a single EOS transaction. As the number of nodes increases in the future, our TPS will eventually reach more than 1 million. TPS is the foundation for determining all other functions and ideas of a public chain like EOS.

Category:

Public Chain

Website:

http://eon.org/

Air Drop Date:

June 1, 2018

Status:

Officiall Release

Token:

EON

Token Claim Info:

-https://trybe.one/eon-airdrop-for-eos-on-june-1st-2018

EOSBet

EOSBet is an online gambling games platform that takes low house fees, offers free bets, and is provably fair. It offers dice and slots, and plans to continually develop additional games. By developing on EOS, it will be able to handle thousands of transactions per second and continue scaling.

Category:

Gambling

Website:

https://www.eosbet.io/

Air Drop Date:

Unpublished

Status:

Development/Alpha

Token:

EOSBET

Token Claim Info:

https://www.eosbet.io/#airdrop-and-crowdsale

EOS Cafe

EOS Cafe is a DAC owned and guided by “Beans” token holders with an objective of building a digital network of individuals collaborating to exchange ideas related to EOS.IO online, with plans to to build a chain of coffee shops / hackspaces owned by eos.cafe DAC.

Category:

Community DAC

Website:

http://eos.cafe/

Air Drop Date:

June 2018

Status:

Official Release

Token:

Beans

Token Claim Info:

https://t.me/eoscafe

EOS Classic

EOS Classic is the first EOS fork based blockchain platform, a consensus blockchain operating system that provides databases, account permissions, scheduling, authentication, and internet-application communication to massively improve the efficiency of smart business development that uses parallelization to make possible blockchain scalability to millions of users and millions of transactions per second. Using the same EOSIO software base codes, EOS Classic aims to strengthen the DPOS consensus by enlarging the vote candidates, allowing 105 block producers to validate the blockchain network. Therefore, ecosystem of the DAPP platform can be supported by over 10000 TPS blockchain network without any chances of double spend or 51% attack.

Category:

EOS Fork

Website:

https:// eosclassic.co

Air Drop Date:

June 3, 2018

Status:

Official Release

Token:

EOSC

Token Claim Info:

https://eos-classic.io

EOS Sports Bets

EOS Sports Bets goal is to create a decentralized community for sports-wagers. In their platform, users will be able to find fair odds and set betting odds for others to consider.

Category:

Gambling

Website:

http:// eossportsbets.com

Air Drop Date:

June 14, 2018

Status:

Development/Alpha

Token:

BET

Token Claim Info:

https://docs.google.com/forms/d/e/1FAIpQLSfRYq_CfLeWy_pJ5x5aaKLK17ZLElYJSHht6V2OqwdH_jmdVA/viewform

eosDAC

EosDAC is a Decentralised Autonomous Community (DAC) governed by its constitution, which is encoded in smart contracts on the blockchain. The DAC is controlled by its token holders and the board members they vote to run its operations. 75% of eosDAC tokens (900,000,000) have been allocated for an airdrop to EOS token holders. All EOS token holders holding over 100 tokens* at the end of Day 300 of the EOS crowdsale (April 15th 2018, 01:00:00 UTC) will receive 1 eosDAC token for each EOS token that they hold.

Category:

Block Producer DAC

Website:

https:// eosdac.io/

Air Drop Date:

April 15, 2018

Status:

Development/Alpha

Token:

eosDAC

Token Claim Info:

https://eosdac.io/tokens/

EOX

EOX is a decentralized E-commerce platform that allows all EOS based cryptocurrency to be spent. EOX’s goal is to facilitate a global commerce system that allows all goods and services to be transacted in cryptocurrency without relying on fiat currency.

Category:

E-commerce

Website:

https://www.eoxlab.io/

Air Drop Date:

June 2018

Status:

Development/Alpha

Token:

EOX

Token Claim Info:

https://www.eoxlab.io/home/email

Everpedia

Everipedia is the next generation encyclopedia rebuilt for the modern age. With over 6 million articles and counting, it’s already the world’s largest English encyclopedia by content. Everipedia is free from ads and free to use for everyone under creative commons.

Category:

Encyclopedia

Website:

https://everipedia.org/

Air Drop Date:

June 15, 2018

Status:

Official Release

Token:

IQ

Token Claim Info:

https:// www.reddit.com/r/Everipedia/comments/82r735/update_march_7_2018_airdrop_whitepaper_relay_code/

Evolution

Evolution aims to launch a blockchain using the EOSIO software with a more fair token distribution via airdrop, as opposed to token distribution based on purchased tokens. Evolution tokens will be distributed through a multi-phased airdrop based around community and an EOS Crowdsale snapshot, preventing the pooling of votes by large stake holders and increasing the number of Block Producers from 21.

Category:

Blockchain

Website:

https://evolutionos.com/

Air Drop Date:

June 1, 2018

Status:

Development/Alpha

Token:

Evolution

Token Claim Info:

https://t.me/EvolutionOS

HireVibes

HireVibes is a crowdsourcing jobs Dapp that will empower people to: Find jobs with the help of the crowd via targeted and private referrals. Get paid and earn a 5% bonus in HireVibe Tokens (HVT) on top of pay. Securely donate HVT to humanitarian and environmental initiatives with a HVT fund equivalent to 1% of the job seekers annual rate or salary. HireVibes is a completely decentralized dapp and will be governed by its Decentralized Autonomous Community (DAC).

Category:

Jobs

Website:

https://hirevibes.io/

Air Drop Date:

Q3 2018

Status:

Development/Alpha

Token:

HireVibes

Token Claim Info:

https://github.com/hirevibes/docs/blob/master/hvt.md

HorusPay

Horus Pay is a decentralized Global Payroll Portal that allows companies to exchange private encrypted data with international payroll vendors using Blockchain technology.

Category:

Global Payroll

Website:

http:// www.horuspay.io

Air Drop Date:

June 30, 2018

Status:

Development/Alpha

Token:

Horus

Token Claim Info:

https://t.me/horuspay

IRYO Network

Iryo is the first participatory, blockchain driven healthcare network built on decentralising access to medical data. They’re driving the next generation of healthcare by standardising health-data, employing zero-knowledge encryption and powering medical AI & Big Data research.

Category:

Healthcare Network

Website:

https://iryo.network/

Air Drop Date:

March 3, 2018

Status:

Development/Alpha

Token:

Iryo

Token Claim Info:

https://iryo.network/token/index.html#token

KEOS

KEOS is a community-centered EOS Block Producer Candidate based out of Korea, operating as an DAC (decentralized autonomous community) and governed by token holders with an amendable constitution. KEOS is a joint operation with KCHAIN, a blockchain consulting company, and TokenPost, a media company from S. Korea, as the central drivers for the EOS movement in Korea and worldwide, taking on the grand task of bringing EOS to the center stage. KEOS plans to develop multiple open-source tools and smart contracts needed, decentralizing the EOS ecosystem.

Category:

Block Producer DAC

Website:

https://www.keos.kr/

Air Drop Date:

June 15, 2018

Status:

Development/Alpha

Token:

KEOS

Token Claim Info:

https://www.keos.kr/token

Lab Ledger

Lab Ledger is a blockchain ecosystem for researchers. The platform pays users for publishing, editing, and curating scientific papers. It’s a peer-to-peer economy built on EOS that will serve as a catalyst for scientific funding and progress.

Category:

Science

Website:

https://labledger.net/

Air Drop Date:

June 21st, 2018

Status:

Development/Alpha

Token:

LAB

Token Claim Info:

https://labledger.net/airdrop/

MEET.ONE

MEET is a service portal of EOS ecosystem to provide the best product experiences for frequent interactive scenarios and the safest and highest-quality financial channels and services for the digital assets of users. MEET will help users manage and exchange EOS ecological assets with ease, will help users participate in node voting and publishes the status and information of all nodes, and will provide a platform for crowd funding, dApp gateway, and will provide news and community information. The MEET team enjoys the experience in the design and operation of community products with more than 100 million users and therefore has accumulated advanced experience in product experience, business logistics, traffic operation and technical development among the domestic Internet industry.

Category:

Asset Client

Website:

https://meet.one/en/

Air Drop Date:

June 2018

Status:

Development/Alpha

Token:

MEET

Token Claim Info:

https://meet.one/en/#2

ONO Social Network

ONO is a free, decentralized social network based on EOS for the next generation. ONOT, the native token of the ONO social network will be doing an airdrop to EOS holders, and will use the EOS genesis snapshot as the distribution mechanism. The airdrop will be done in mid/late June, 2018. The ratio is 1:1. If a person has 10 EOS in the genesis snapshot, then they will receive 10 ONOTs. ONO Social Network is also an EOS Block Producer candidate.

Category:

Social Network

Website:

https://www.ono.chat/en/

Air Drop Date:

June 2018

Status:

Beta

Token:

ONOT

Token Claim Info:

https:// medium.com/@ONOsocial/onot-airdrop-faq-eos-holders-will-get-onots-485c7c0ce962

Prospectors

Prospectors project define itself as The Massive Multiplayer Online Real-Time Economic Strategy (MMORTES) powered by EOS. The MMORTES world is based on the actual economic model of the second part of the 19th and early 20th centuries, where the objective is to get as much gold as possible, which will require different game assets and workforces.

Everything in MMORTES world of alternative reality is situated on its map. Every player can view everything that is happening there: who registers which new lots, what is being built, etc. In addition, the map can show the location of visible raw materials (wood, water, clay, and stone).

Gold (PGL) is a token and also the main currency of the game, necessary for interaction between players; it can only be earned in the game. The amount of gold is limited to 220 million coins.

Half of the gold, 110 million of all tokens, is put into the game and can be extracted in parts.

Category:

Gaming

Website:

https://prospectors.io/

Air Drop Date:

June 30, 2018

Status:

Development/Alpha

Token:

PGL

Token Claim Info:

https://t.me/prospectorsbot

Scatter

Scatter is a way to sign transactions and provide private data without exposing keys and unnecessary information while interacting with web applications communicating with the EOS Blockchain. Identities inside of Scatter are the containers for personal information and private data. You configure them once and use them as much as you want. They provide a layer of abstraction away from your EOS accounts and help get rid of the need for pesky multi-page registrations. A single Scatter can hold multiple Identities which allows for multiple sets of data points. For instance if you want to purchase a gift for your spouse you can set up an Identity for them inside of your Scatter once and use it over and over again without having to re-enter that information.

Category:

Browser Estension

Website:

http://scatter-eos.com/

Air Drop Date:

June 15, 2018

Status:

Official Release

Token:

RIDL

Token Claim Info:

http://airdrop.scatter-eos.com/

Tokena

Tokena is a decentralized exchange where smart contract handles all the operations. Being an EOS based project, Tokena handles transactions almost immediately, with no delays to the end user and no network fees. Tokena charges 0.3% trading fees for both makers and takers, however if you use KEN tokens, then fees will be reduced to 0.15%. Tokena vision is that the right exchange is decentralized, fast, secure, and reliable. Such exchange should work in a way as best centralized crypto exchanges on the market.

Category:

Exchange

Website:

https:// tokena.co/

Air Drop Date:

June 1, 2018

Status:

Development/Alpha

Token:

KEN

Token Claim Info:

https:// medium.com/tokena/eos-holders-airdrop-8505ca0fe788

Trybe

Trybe offers educational content about crypto in the form of advice, training videos, short courses and articles submitted by contributors who get paid in dollars and in platform tokens. Share your knowledge, get paid for your content, build a great reputation and earn tokens.

Category:

Education

Website:

https: //trybe.one/

Air Drop Date:

Aug 2018

Status:

Beta

Token:

ONE

Token Claim Info:

https://trybe.one/wp-content/uploads/2018/05/WHITEPAPER-TRYBE1.pdf

YAIR

Your Art Is Reality Embodying the power of art in a liquid asset. Great art produced by great artists has undying and undeniable power and value. YAIR takes the value of art and secures it with blockchain technology, making it available to a global community of collectors, traders and enthusiasts. YAIR works with great artists to produce digital artworks, primarily AR and VR. Each artwork exists exclusively embodied as a limited supply of crypto-tokens. Each token unlocks access to experience the artwork and is an equity percentage of the artwork itself. The art is the token. The token is the product. The product is the art.

Category:

Art

Website:

https:// yair.art/

Air Drop Date:

Q3 2018

Status:

Development/Alpha

Token:

YAIR

Token Claim Info:

https:// yair.art/

LEAVE A REPLY

Please enter your comment!
Please enter your name here