The goal of Ethos Coin Development is a crypto currency that can be used by the masses and gives everyone access to the global financial system at any time. The block chain behind the coin is also intended to serve as a platform for social media, while the wallet of the ethos crypto currency functions as a universal repository for all kinds of currencies and is intended to replace the file-sharing exchanges in the long term. Very idealistic, but how will these ideas affect the ethos coin forecast?
The ethos crypto currency is an ERC-20 token, i.e. the blockchain of the coin is based on that of Ethereum. Ethos Coin or ETHOS, is used in the internal payment mechanism of the Eth os platform. Fees incurred for services on the platform are paid with Eth/os, including transaction fees and system calls. You will also be rewarded in Eth/os Coins if you give tips on how to invest your money properly via the social media on the platform. According to the team’s somewhat idealistic ideas, a community is to form on the platform, which exchanges and supports each other. The focus here is on managing one’s own cash holdings. Eth os development began so that people would take their finances into their own hands and the financial world would become more decentralized again. People who do not normally have access to the global financial world should also participate through the Eth os platform.
To realize this vision, Ethos’ universal wallet was developed. This is not just for the storage of Eth os Coins. It should be able to accept a large number of crypto currencies and have various other functions. With the help of the wallet, a liquidity network is set up with which different crypto currencies can be deposited, withdrawn, exchanged and sent at any time. The platform should be easily accessible via mobile devices using the Wallet. At the same time, the platform also has an integrated interface to Fiat currencies, with which crypto currencies can be exchanged quickly and easily into central bank money, if possible without high transaction costs.
Other features include the Eth/os Bedrock, an interface that allows third parties to integrate their programs into the blockchain. Instant Coin Baskets should enable you to diversify and invest your portfolio of coins in different ways. For example, for a basket, the instinct of the masses can be used by the recommendations of the community to help you create it.
The ICO, the Initial Coin Offering, took place between 28 June and 16 July 2017. 1,000,000,000,000 tokens were offered. Revenues from the ICO exceeded the expectations of developer Shingo Lavine and are being used to drive development forward. At that time, the ethos crypto currency was still called Bitquence.
Ethos Coin – Who is behind the crypto currency?
Shingo Lavine is the name of the man behind the coin development. Just 19 years old, he has already gained a lot of experience in the field of crypto currencies. He is one of the early investors in Bitcoins and Altcoins. Before he started working at Eth/os Coin, he founded Jobs University, an online school with over 20,000 students.
The Eth/os Coin was previously called Bitquence. This coin had basically the same goals. After the successful initial coin offering, Shingo Lavine decided to give the coin a name suitable for mass production and thus a better image. To promote coin development, he joined Stephen Corliss (Global Strategy and Compliance), Tim Simmons (Software Development), Kevin Dead Pettit (Product Management) and Bobby Becker (Software Development).