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The EOS Community that launched throughout the 2018 preliminary coin providing growth has rebranded to Vaulta as a part of its pivot to deal with Web3 banking.
In a March 18 assertion, the corporate stated that the swap to Valuta is scheduled for the top of Might. The rebranding will embrace a brand new token. An advisory group often known as the Vaulta Banking Advisory Council will even be established to assist the agency transfer in its new route.
EOS Token To Transition To The Vaulta Token
In one other assertion, the corporate stated that the community’s native EOS token will transition to the Vaulta Token. Though the brand new crypto’s ticker particulars and technical particulars will solely be disclosed at a later date, the crew did say that the brand new token shall be accessible on the practically 140 exchanges the place EOS presently trades.
Buyers will be capable of alternate their EOS tokens for the brand new Vaulta Token by a swap portal that shall be made accessible in Might.
A New Period of Finance Begins.
After years of constructing the foundations behind the scenes, we’re excited to introduce Vaulta subsequent frontier of finance Web3 Banking 🏦
With cryptocurrency’s rising recognition, clearer rules, & rising demand for modern monetary merchandise,… pic.twitter.com/6TLlHR7MCa
— EOS Community (@EOSNetworkFDN) March 18, 2025
The EOS community’s blockchain infrastructure will even be inherited by Vaulta.
EOS Value Surges After Rebranding Announcement
Following its launch, EOS was a prime 10 challenge. Nevertheless, its worth has since been on a gradual decline. Together with the lower in worth, the crypto has additionally dropped out there rankings. CoinMarketCap knowledge reveals that the altcoin is presently ranked because the 68th largest crypto by market cap, with its complete capitalization standing at greater than $948.85 million.
Opinions on what went mistaken with the challenge differ. Some who volunteered to help in creating the community stated there was a scarcity of assist and route for the challenge.
Since its launch, the crypto’s worth has dropped over 40%. Nevertheless, buyers and merchants reacted positively to the rebranding announcement. EOS subsequently surged greater than 24% within the final 24 hours to commerce at $0.6109 as of 8:30 a.m. EST.
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