The price of EOS (EOS/USD) has crossed the $16,00 mark in anticipation of the main net launch on June 2.
EOS, which recently ousted Litecoin (LTC/USD) as fifth largest cryptocurrency in terms of market capitalization, has seen a tremendous 37,68% growth in the past 24 hours and is trading around $16 in the press time, according to data from CoinMarketCap.com.
EOS is preparing for their main net launch, which will transit EOS from the Ethereum (ETH/USD) blockchain to the main net in 40 days.
EOS is not going to be a mined coin. However, the blocks are going to be calculated in an algorithm referred to as Proof of Stake. There will be up to 21 block produces in the network.
Crytocurrency exchanges Bitfinex и Binance have already confirmed support for the EOS main net.
By Siranush Ghazanchyan