Welcome to the latest bi-weekly roundup of the most discussion-worthy news content related to Block.one’s blockchain network and its EOS cryptocurrency, in addition to a brief look at periodical price movements.
EOS Added To Loan-Offering, Interest-Earning Celsius Network Wallet
Celsius Network, the creator of the eponymous cryptocurrency wallet, has added Block.One’s EOS to its portfolio of supported tokens.
Founded by Alex Mahinsky during the crypto “boom” in 2017, customers of the Celsius Network can earn interest against their held cryptocurrency, as well as using it as collateral towards fiat loans.. The same rules apply for the EOS token.
The Celsius Network wallet is available as a mobile app for both Android and iOS platforms, with the taglines “Earn, Borrow & Pay on the Blockchain”, “no fees ever”, and “No withdrawal fees. No early termination fees. No default fees. #FeeFree”.
All supported tokens are as follows:
CEL / “Celsius” Token (CEL) – Bitcoin (BTC) – Ethereum (ETH) – Litecoin (LTC) – Ripple (XRP) – OmiseGO (OMG) – Bitcoin Cash (BCH) – 0x (ZRX) – Bitcoin Gold (BTG) – ZCash (ZEC) – Stellar (XLM) – DASH (DASH) – TrueUSD (TUSD) – Gemini Dollar (GUSD) – Paxos (PAX) – USD Coin (USDC) – MakerDAO’s DAI (DAI) – Orbs (ORBS) -Tether (USDT ERC20) – True Australian Dollar (TAUD) – True Canadian Dollar (TCAD) – True Hong Kong Dollar (THKD) – EOS (EOS)
Additionally, The following tokens can have loans taken out against them via Celsius Network.
BTC – ETH – BCH – XRP – LTC – DASH – EOS* (*but doesn’t appear on website, yet)
Celsius Network also operates its own in-app cryptocurrency, which it re-affirms observers (presumably regulators above all): is a ‘utility’ token and NOT a ‘security’. This distinction marks the difference between safety and potential actioning on behalf of the EU, SEC or other relevant, legislative financial authorities.
It’s called the ‘CEL’ token, and offers users “exclusive access to the best financial services for cryptocurrencies. Get better interest rates, priority status, community membership, and more”.
CEL Token (facts)
Total token supply: 695,663,643.38 (100%)
Total circulating supply: 284,262,271.86 (40.9%)
Total Locked Supply: 411,401,371.52 (59.1%)
Custody is handled by self-described “leader in the storage of digital assets’ BitGo. According to a report from CoinDesk, the agent published a statement earlier this month in which it claimed responsibility the processing of over 20% of all bitcoin transactions.
FXStreet believes that the $5 billion crypto lending market” is at its height, whilst there is a high probability of a “fast approaching bubble” due to a combination of “lack of regulation, [and] fewer borrowers”.
Looking at the news recently, this looks very likely. On November 18th, Blockchain.com (currently part-owned by Roger Ver), “officially unveil[ed] its crypto lending desk”; whilst on November 14th, Compound successfully raised (according to Fortune) $25 million in funding to help expand its cryptocurrency lending services.
EOS Amongst First Cryptocurrencies Supported By McAfeeDex
In typical John McAfee fashion, John McAfee himself has revealed the latest news about one of his products or services first via his official, verified Twitter account: @officialmcafee. This means that the news was shared immediately with his approximate 1.1 million followers, and as of writing has garnered 418 retweets and 1.6k ‘likes’.
The tweet, posted on the morning of November 2, 2019, is where McAfee announced the latest phase of the partnership between TRON network and his very own McAfeeDex. It displays an image depicting the two logos juxtaposed, separated by a ‘+’ symbol, with the date “November 8th”.
Finally, the tweet proudly proclaims that “McAfeeDex will integrate TRON blockchain on November 8th, TRC10 and TR20 tokens will be supported!” This follows a prior announcement of EOS.
McAfeeDex is, as its name suggests, a decentralized exchange (DEX) created by John McAfee which he has previously described as “Binance, but free” – according to AMBCrypto and YouTube video from the man himself, too.
John McAfee is probably known best for being a seminal pioneer of the early anti-virus software and service industry, however more recently he has become notorious for being a highly outspoken cryptocurrency advocate.
In early November, Forbes reported that a ‘Furious John McAfee Slams Facebook’s Libra As An ‘Abomination’’. Later in the same month. November 12, 2019, McAfee claimed that ‘Jeffrey Epstein was MURDERED in jail cell before ‘suicide cover-up (according to UK tabloid The Sun).
McAfee was arrested and subsequently released by authorities of the Dominican Republic on June 25th, 2019 – after which he was said (also by The Sun) to have relocated to a “compound” in Lithuania.
Since then, it has been announced that John McAfee will be releasing a so-called ‘Epstein Didn’t Kill Himself’ token. There is also an unrelated comedy movie, simultaneously in production, starring Zac Efron and called ‘King of the Jungle’ about (parts of) the life of John McAfee.
In addition: McAfee is also running as a candidate in the 2020 Presidential Election, however it would appear that this is something of a regular occurrence.
China Releases Latest Crypto Rankings = EOS: High, Bitcoin: Low
As widely reported amongst Western media outlets, the Chinese ‘The Center for Information and Industry Development (CCID)’ within the ‘Ministry of Industry and Information Technology’ has released its latest rankings of public blockchains.
Whilst projects are judged across three factors (basic-tech, applicability, and creativity) there is no implied ceiling to the scores projects can get from each (with EOS ‘basic-tech’ being ranked) making it difficult to understand whether there is a ‘perfect’ or ‘full’ achievable score.
Even so, EOS is clearly the highest ranking public blockchain of the 10 listed.
Results (Top 11)
- EOS -> Basic Tech (103.7) – Applicability (19.4) – Creativity (28.7) – Total Index (151.8)
- TRON -> Basic Tech (94.2) – Applicability (28.4) – Creativity (18.4) – Total Index (141.0)
- Ethereum -> Basic Tech (75.4) – Applicability (27.5) – Creativity (332) – Total Index (135.8)
- NULS -> Basic Tech (78.6) – Applicability (16.3) – Creativity (23.1) – Total Index (118.0)
- BitShares -> Basic Tech (85.8) – Applicability (16.9) – Creativity (9.2) – Total Index (110.9)
- STEEM -> Basic Tech (85.7) – Applicability (11.1) – Creativity (13.4) – Total Index (110.1)
- Lisk -> Basic Tech (65.5) – Applicability (17.6) – Creativity (26.2) – Total Index (109.3)
- Qtum -> Basic Tech (67.8) – Applicability (22.9) – Creativity (16.0) – Total Index (106.7)
- NEO -> Basic Tech (67.5) – Applicability (25.7) – Creativity (10.3) – Total Index (103.6)
- XLM -> Basic Tech (69.1) – Applicability (22.1) – Creativity (12.1) – Total Index (103.4)
- Bitcoin -> Basic Tech (43.5) – Applicability (19.4) – Creativity (40.2) – Total Index (103.2)
- Top score for ‘basic tech’, below average for ‘applicability’, and fairly high for ‘Creativity’.
- ‘Basic-Tech’: EOS has the highest score of all for (103.7), with TRON just behind at (94.2) -> the lowest is Bitcoin with (43.5). There is a large variance in points between many projects.
- Applicability: The median average is around 15. EOS scores highly (19.4), but the highest scoring project is TRON (28.4). STEEM (11.7) earns the dubious title of having the lowest score.
- Creativity: Bitcoin scored the highest for creativity (40.2), though this is no surprise as it is the progenitor of the entire cryptocurrency movement. The lowest scoring blockchain was BitShares. (9.2). This category has the most erratic score variation and thus averages or medians are irrelevant.
- Total Index: Bitcoin (11) clearly scored the lowest, just below XLM (10) then NEO (11).