The EOS Foundation also plans to hardfork the EOS blockchain on September 21.
EOS Prepares to Rebrand
The EOS blockchain is rebranding.
An early Wednesday tweet from the EOS Network Foundation has revealed that its long-awaited EOS rebrand is imminent. “Who is ready for the EOSIO rebrand? 15.5 hours… Tick Tock,” read a Wednesday tweet, implying that the foundation’s rebrand would go live today at around 16:00 UTC.
The foundation’s CEO Yves La Rose hinted that the EOS rebrand would launch “this week” on August 15, but it was only after EOS Network Foundation’s tweet that the market entered an EOS buying frenzy. EOS has jumped over 24% since it was posted, making it one of the best-performing crypto tokens of the past 24 hours, according to CoinGecko.
EOS famously raised a record-breaking $4 billion through its initial coin offering in 2017 but faced criticism after failing to live up to its promises. The EOS token has also underperformed those of other Layer 1 blockchains and has...
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