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The EOS Community that launched in the course of the 2018 preliminary coin providing growth has rebranded to Vaulta as a part of its pivot to give attention to Web3 banking.
In a March 18 assertion, the corporate stated that the swap to Valuta is scheduled for the tip of Might. The rebranding will embody a brand new token. An advisory group often called the Vaulta Banking Advisory Council will even be established to assist the agency transfer in its new path.
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 workforce did say that the brand new token will likely be accessible on the practically 140 exchanges the place EOS at present trades.
Traders will be capable to trade their EOS tokens for the brand new Vaulta Token via a swap portal that will likely be made accessible in Might.
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 reputation, clearer laws, & rising demand for revolutionary monetary merchandise,… pic.twitter.com/6TLlHR7MCa
— EOS Community (@EOSNetworkFDN) March 18, 2025
The EOS community’s blockchain infrastructure will even be inherited by Vaulta.
EOS Worth Surges After Rebranding Announcement
Following its launch, EOS was a high 10 challenge. Nonetheless, its worth has since been on a gradual decline. Together with the lower in worth, the crypto has additionally dropped available in the market rankings. CoinMarketCap knowledge exhibits that the altcoin is at present ranked because the 68th largest crypto by market cap, with its complete capitalization standing at greater than $948.85 million.
Opinions on what went unsuitable with the challenge differ. Some who volunteered to help in growing the community stated there was an absence of help and path for the challenge.
Since its launch, the crypto’s worth has dropped over 40%. Nonetheless, traders 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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