#EOSProject

EOS is a blockchain-based, decentralized platform that can be used to develop, host, and run applications for Web3. The EOS native token, EOS, can be used for value exchange, to purchase network bandwidth and storage capacity, and as a speculative investment.

EOS was designed by Dan Larimer and Brendan Blumer of Block.one, which released its whitepaper in 2017. In June 2018, after an initial coin offering that raised $4.1 billion in crypto, the EOSIO open-source software was released on June 1, 2018, on the EOSIO mainnet, and 1 billion EOS tokens were distributed.