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EOS

EOS (EOS)

Date: January 31, 2018

Ticker: EOS

Headquarters: Caymen Islands

Protocol: EOS Custom

Score: 4.8 / 10

Sector: Cloud Computing

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Project Overview:

  • Token Class: Utility Token
  • Nationality: International
  • Regulatory Body: Block.one

Highlights

EOS offers an open-source platform which proposes to create a similar decentralized computing system to that which Ethereum offers. In addition to offering cloud computing, the EOS whitepaper indicates that the platform will utilize distributed storage and computing power in a more scalable fashion by using a delegated proof of stake model. Unfortunately since their inception in early 2018, their development progress does not seem to have progressed notably, as can be seen from their Github Repository

      • Adoption Vectors – EOS will offer developers the ability to launch applications on a decentralized network, and will depend on large projects growing in its ecosystem to drive higher valuations.

      • Project Innovation – EOS prioritizes speed and scalability, while maintaining the core decentralized principles of systems like Ethereum and Bitcoin. This has the potential to result in a better experience for developers as well as reduced costs to end users.

      • Valuation Metric – Developers must hold EOS tokens in order to have their apps access the network. As the capacity of the network increases, the value of each token should theoretically increase proportionately.

      • Risk Assessment – EOS proposes to enter a market dominated currently by the Ethereum project, which means that they will need to develop not only a better project but also build a substantial community of developers who know how to use it.

      • Team – Dan Larimer and Brendan Blumer have both previously worked with Ethereum projects, and have some experience in the cryptocurrency world.

Evaluation

TOKEN UTILITY 50%

If EOS can successfully produce the product they’ve proposed, it will be a revolution in distributed computing. 

MARKET SIZE 70%

Is it possible for the price of the token to rise enough to provide a return for investors without having an unreasonably high market cap, and is there a market to support that valuation?

FEASIBILITY 10%

At this point, it seems unlikely that EOS will provide the service they have proposed. 

FUNDING 100%

EOS has so far raised an enormous crowdfund which has propelled their market capitalization to over $17 Billion USD, but it has now sunk to just over $5 Billion USD. 

INNOVATION 30%

EOS has mainly copied the Ethereum Model, but their proposal for Delegated Proof of Stake may provide room for expansion in the future. Their claims for greater scalability and zero transaction fees could be a substantial improvement above existing options, but these remain yet unproven. 

GROWTH 30%

Until EOS can provide a functional product, it’s unlikely that they’ll be able to capture sufficient market or developers share to see any real growth. 

Summary:

EOS.IO is software that introduces a blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications. This is achieved through an operating system-like construct upon which applications can be built.

Whitepaper:

 

Dan is an analyst and contributor for the TD Ameritrade Network where he covers financial markets and the economy. He has held series 7 and 63 securities license and started off as a equity and equity derivatives rep for the trading platform thinkorswim. He holds an MBA from St. Bonaventure University and a B.S. in Finance.

Daniel Cecilia
Dan is an analyst and contributor for the TD Ameritrade Network where he covers financial markets and the economy. He has held series 7 and 63 securities license and started off as a equity and equity derivatives rep for the trading platform thinkorswim. He holds an MBA from St. Bonaventure University and a B.S. in Finance.
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