Poloniex Adds Support for EOS

1 August, 2018

Poloniex, one of the longest-running US cryptocurrency exchanges, has added support for EOS (EOS) in the first listing following the platform’s introduction of new digital asset assessment rules.

Poloniex, which was acquired by Goldman Sachs-backed mobile payment applications Circle in February, said in a statement on Tuesday that EOS deposits and withdrawals are already live, while trading in pairs with Tether (USDT), Bitcoin (BTC) and Ethereum (ETH) will be enabled on Wednesday.

Poloniex further noted that it is only planning to support EOS mainnet tokens and will not be accepting deposits of the ERC-20 version of the token or the EOS airdrops.

Circle Asset Framework

The EOS addition comes after last week’s announcement of the delisting of nine tokens. Poloniex took down FLO, FLDC, XVC, BCY, NXC, RADS, BLK, PINK and RIC as part of the new asset assessment rules implemented by owner Circle. Called Circle Asset Framework, the tool is used to prioritize new cryptocurrency asset listings across Circle’s various products.

“We applied this framework to assess projects across a few categories – fundamentals, technology, people, business model, and market dynamics – and we are ready to announce the addition of a new asset to the Poloniex family: EOS,” Poloniex explained.

EOS in an open-source blockchain protocol developed by Block.one. The tokens grant access to bandwidth and storage on the EOS decentralized operating system. EOS was initially an ERC20 token built on the Ethereum blockchain, but in June, the startup launched its own main network (mainnet) EOSIO and the token migrated onto its own blockchain.

The listing on Poloniex is likely to be seen as a bullish indicator by EOS HODLers. However, the asset’s price did not immediately respond to the news. At 6:09 UTC, EOS is changing hands at $7.30, posting an over 4% decline for the past 24 hours — in line with the general crypto market trend. However, in Bitcoin terms, EOS has gained nearly 3% over the past day to 96,536 satoshi.

Almost 40% of the total EOS trading volume for the past 24 hours comes from USDT trading pairs on OKEx, Huobi, and Binance.

EOS is the fifth biggest digital asset with a market capitalization of $6.6 billion presently.

Source link   Crypto currency: EOS

Investing Tips For Crypto Bear Markets

Investing in cryptocurrencies can be overwhelming and difficult, especially during periods when a bear market controls the prices. To deal with it, let's discuss...

Block Show Asia 2018 report

Singapore has welcomed guests for another important crypto-event. The exhibition Block Show Asia 2018 brought numerous business contacts for LH-Crypto. The company presented new products...

Bitcoin is 43% More Profitable to Mine

When Craig Wright formed an alliance with CoinGeek founder Calvin Ayre to launch a hostile takeover of the Bitcoin Cash (BCH) network, the two men predicted that their BCH...

FIBO Group increases leverage for cryptos

FIBO Group is glad to announce that the 3rd of December 2018, the leverage for all the tradable cryptocurrencies shall be increased to 1:10. The new leverage shall allow you to...

Second Largest Drop of Bitcoin Mining

The crypto market's prolonged decline has finally begun to manifest in the bitcoin mining industry, which had at times seemed impervious to falling prices but is now...

Long Time to Reach All-Time High Again

Throughout the past eleven months, the Bitcoin price has dropped from $19,500 to $3,000, by nearly 85 percent. The dominant cryptocurrency fell by 85 percent on average...

Bitcoin is a bubble but appropriate for foreign missions

Russian Economic Development Minister Maksim Oreshkin has stated that while bitcoin has deflated like a soap bubble, it has impacted the world...

Crypto Market Loses $6 Billion

More than $6 billion was wiped out of the cryptocurrency market as Bitcoin (BTC), the most dominant cryptocurrency in the market, recorded a loss of 8.6 percent from $4,500 to $4,110. On fiat-to...