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The EOS network which was launched during the boom of the 2018 initial parts offer renamed Vaulta as part of its pivot to focus on the web3 bank.
In a March 18 statementThe company said that the visit to Valuta is scheduled for the end of May. The brand change will include a new token. An advisory group known as Vaulta Banking Advisory Council will also be created to help the company move in its new direction.
In another statementThe company said that the native EOS token of the network will go to the Vaulta token. Although the details and technical details of the new crypto will only be disclosed a later date, the team said that the new token would be available on nearly 140 trade where EOS is currently negotiated.
Investors will be able to exchange their EOS tokens for the new Vaulta token via an exchange portal which will be made available in May.
A new financing era begins.
After years to build the backstage foundations, we are delighted to present Vaulta Frontier de Finance Web3 Banking 🏦
With the growing popularity of cryptocurrency, clearer regulations and growing demand for innovative financial products, etc. pic.twitter.com/6tllhr7mca
– EOS Network (@eosnetworkfdn) March 18, 2025
The EOS network blockchain infrastructure will also be inherited by Vaulta.
After its launch, EOS was the top 10 of the project. However, its price has since been a gradual drop. In addition to the drop in price, the crypto has also dropped in the market ranking. Coinmarketcap data shows that the altcoin is currently classified as the 68th largest crypto by market capitalization, with its total capitalization of more than 948.85 million dollars.
Opinions on what did not work with the project varies. Some who volunteered to help develop the network said there was a lack of support and orientation for the project.
Since its launch, the price of the crypto has dropped by more than 40%. However, investors and merchants reacted positively to the announcement of brand change. EOS then jumped more than 24% in the last 24 hours to negotiate $ 0.6109 at 8:30 a.m.
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post url: https://altcoin.observer/eos-network-is-returned-to-vaulta-as-part-of-web3-banking-shift/