#Vaulta
Vaulta on Binance refers to the recent rebranding of the EOS Network to Vaulta. This signifies a strategic shift towards becoming a Web3 banking network, aiming to bridge the gap between traditional finance and decentralized technology.
Key aspects of Vaulta on Binance:
* Rebranding from EOS: The EOS Network has officially rebranded to Vaulta as of late April 2025.
* Web3 Banking Focus: Vaulta aims to provide next-generation financial products and services within the Web3 ecosystem.
* 1:1 Token Swap: A 1:1 token swap from EOS to the new Vaulta token is planned for late May 2025. This swap will be bi-directional for four months via a dedicated portal on Binance, allowing users to transition smoothly.
* Strategic Partnerships: Vaulta has formed partnerships with entities like Ceffu (Binance's institutional custody partner), Spirit Blockchain, and Blockchain Insurance Inc. to enhance its utility and bring real-world financial services to Web3. They have also partnered with Ultra to integrate Web3 finance with gaming and VirgoPay for borderless stablecoin transactions.
* Expert Advisory Council: Vaulta has established a Banking Advisory Council comprising financial experts to guide its development and ensure regulatory compliance.
* Binance Support: As the EOS Network was already listed on Binance, it's expected that Binance will support the token swap and the new Vaulta token. Users holding EOS on Binance will likely be able to participate in the swap.
* Community Engagement: The rebranding and the vision for Vaulta have generated significant discussion and positive price action for the former EOS token on Binance.
In essence, Vaulta on Binance represents the exchange's support for a project transitioning into a dedicated Web3 banking network, offering its users access to this evolving ecosystem through the upcoming token swap and
continued trading opportunities.
