ByBit has provided a new server for sending coins

ok
Together with crypto exchange ByBit, a new server for sending EOS has been launched - bybitrussian. At the moment the server is available and users can send their funds using this wallet (coins will be credited to ByBit).
Reading Time

6 Mins

View

206 Views

Publish Date

What is the EOS Token?

The EOS cryptocurrency is the native utility token of the EOS blockchain. EOS provides its token holders with the following use cases: A fast and secure medium of exchange

EOS is a global digital cryptocurrency that enables the exchange of value across the EOS Network’s ecosystem of dApps and smart contracts. It facilitates many functions including:

• Transacting on decentralized finance (DeFi) protocols

• Buying and selling of verifiably owned digital art through NFTs

• Playing of value-generating GameFi platforms

• A whole host of other digital activities

All of this is achieved without the intervention of a central arbiter.

An opportunity to shape the future of Web3

EOS token holders enjoy special governance privileges on the EOS Network. They provide input into how the ecosystem’s resources are allocated by voting for network validators. In so doing, they directly participate in forging the path forward for the EOS Network and the Web3 economy as a whole.

Access to EOS Network resources

The EOS cryptocurrency is also used to purchase or rent access to network bandwidth and storage capacity on the network. This is necessary to perform operations such as token transfers, utilizing decentralized applications (dApps) or interfacing with EOS smart contracts.