In the last few years, digital assets have been generating lots of attention all over the world. Ever since the first cryptocurrency, Bitcoin was launched, the crypto sector has witnessed an astronomical increase in growth and adoption. Bitcoin is the most successful crypto project and everyone is crazing to buy bitcoin in India.
Much of the increased acceptance can be attributed to the underlying Blockchain technology — A distributed public ledger that keeps a record of all transactions on the network. The security, decentralization, and transparency provided by blockchain technology have contributed to the increasing acceptance of cryptocurrency. This further reinforces a positive long-term outlook of digital assets.
The success of Bitcoin and its Blockchain technology birthed the development of a host of new cryptocurrencies and platforms that were designed to satisfy a specific need. One of these efforts led to the development of EOS — a blockchain platform created for the development, hosting, and execution of decentralized apps on a commercial scale.
What is EOS?
EOS is a cryptocurrency that runs on the EOS.IO blockchain. Introduced in 2018, EOS.IO is a blockchain protocol that facilitates the deployment and execution of smart contracts. The main objective of EOS is to allow the development of commercial-scale decentralized applications (dApps) on its platform efficiently and with great flexibility. In addition to offering smart contracts, EOS aims to eliminate transaction fees and deliver an extremely fast network capable of conducting millions of transactions every second safely, securely, and efficiently.
EOS is the token that powers the operation of the EOS.IO network. The EOS protocol emulates most of the attributes of a real computer and distributes the computing resources equally among EOS holders.
Ever since it went live, the EOS blockchain has risen to become one of the most widely used platforms for dApps. EOS.IO platform offers a variety of innovative and interesting features such as advanced gaming, a decentralized voting system, role-playing contests, and many more. Before EOS, one of the main bottlenecks of blockchain is speed and scalability. EOS solves this by introducing an innovative architectural design that can support the execution of up to over a million transactions per second.
EOS flexibility and ease of programming have also made it the go-to platform for building dApps. The blockchain platform provides businesses with full development kits including servers to create, deploy and execute their applications. Developers has access to a wide variety of products, features, and tools with extensive training and certification making it easy to build and scale applications quickly. The platform offers programmers the possibility of building smart contracts with customizable features and logic that suit the different business model and need. Developers can choose from a range of settings including public, private, permission, or permission-less among others when building their application.
EOS network also provides best-in-class web security standards. The platform boasts of a robust verification and authentication system that delivers superior data integrity. Businesses can take advantage of innovative services integrated into the platform such as cloud storage, integrated user authentication, and server hosting. Today, EOS is regarded as a top dApps platform available in the market. Industry experts are touting EOS as the go-to platform in the ever-growing dApps scene.
How does Investment in EOS Work?
You can make money with EOS the same way you do when you buy bitcoin in India. Wondering how to make money when you buy EOS? Before investing in any project, it is extremely important to understand how the market works. To invest in EOS, you will have to buy EOS tokens. Each EOS token purchased gives owners access to the EOS ecosystem including a percentage of the network resources. Owners can make a profit through:
Lending EOS token
When a business wants to build an application through the EOS platform, they need a specific amount of resources to execute the process. This means they will need to either buy the EOS tokens required or rent from EOS owners to access the network. Owners of EOS tokens can make money by lending out their tokens to businesses and get a return on their investment later.
Owners of EOS tokens can also make profits through staking. Staking is a process where holders of a coin hoard their supplies of the coin for a particular period to push up its market price. EOS token holders can stake their coin to restrict its circulation in the market to increase its value. Holders can then profit from the price difference.
How to Invest in EOS in India?
There are several options available to buy EOS and invest. If you’re wondering how to buy cryptocurrency in India in the most convenient way possible, Remitano is your best choice. Apart from making it for users to buy cryptocurrency in India, it offers a secure and high-yielding option on its platform through the Remitano invest scheme.
Remitano invest is a feature on the Remitano platform specifically designed for altcoin investing. It provides a safe and secure way for users to invest and trade in altcoins. Users can choose to invest long-term or make weekly or daily profits through swing trading.
How to Invest in EOS on Remitano invest
- Visit www.remitano.com and click on register at the top right corner to create an account. Register with one of the options provided. Make sure you read and understand the terms and conditions before proceeding with the registration.
- Once your account has been successfully created, head to the KYC/AML section to complete the process (it is mandatory). Provide the requirement to complete the KYC/AML verification. Be rest assured your data is safe, secure, and encrypted with Remitano.
- Fund your account with the desired quantity of USDT you wish to invest in EOS.
- Click the investing tab on the main navigation menu and a list of all altcoins available to invest will be displayed.
- Select EOS and click invest.
- Input the quantity of USDT you wish to invest and an equivalent value in EOS will be displayed.
- Users can choose between normal investment or Remitano margin 2x to enjoy loan opportunities up to 100% of the capital initially inputted at a little hourly interest.
- Click on open investment to create your investment. Investment details will be displayed live on the investment which can be found when you click on the dashboard widget.
EOS is being touted as the next big thing in the cryptocurrency space. With a market capitalization of over $5 billion, EOS is among the top 10 cryptocurrencies in the world. Investment in EOS should be top on all investor's lists. Remitano investment offers a secure platform for everyone to make profits with EOS.
The easiest way to get EOS is to buy Bitcoin and swap for EOS on a p2p exchange. Wondering how to buy bitcoin in India? You can buy bitcoin in India through Remitano and also trade or swap it for EOS. Getting EOS on other exchanges may not be easy because of the ban on bitcoin in India.
Indian banks have restricted the automation banking systems that allow crypto traders to buy bitcoin from their bank account, thus making it nearly impossible to buy or sell bitcoin through these exchanges. The only legitimate way to buy bitcoin or EOS in India now is through Remitano P2P exchange, thanks to their unique and secure fiat wallet feature.