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EOS (EOS) Continues to Attract New DApps and Those on the Ethereum Platform

The EOS (EOS) cryptocurrency has never looked this attractive for purchase in a very long time. The last time it was hovering at current values of $5 was back in mid March when it was valued at $4.34 before it set itself for a bull run that was catalyzed by the Mainnet launch that was scheduled to happen on the 2nd of June.

Due to the Mainnet launch, EOS peaked at levels of $21.56 on April 29th, before declining to about $10 four days before the launch. It would then spike to $14.89 on the eve of the Mainnet event. Since then, it has continued to weather the continual crypto market frustrations that has been brought about by bad news in a bear market.

But all is not lost. Underneath the news of Bitcoin ETFs, Ripple lawsuits and Stellar being listed on Coinbase, EOS is slowly but surely attracting DApps (decentralized Applications) that were initially on the Ethereum platform as well as changing the minds of any that were planning to develop on ETH.

In a tweet a few hours ago, @MeetDotOne – an EOS-centric twitter handle and page – brought to our attention the list of DApps now available on the EOS platform. The tweet was as follows:

Further zooming into the infographic provided,a good guesstime would bring the total number of DApps now developed on EOS to over 100. We also find that the DApps are categorized further as follows:

  1. Wallets
  2. Gaming
  3. Exchanges
  4. Development Services
  5. Education
  6. Airdrops
  7. Media
  8. Charity
  9. Recruitment
  10. Social Networks
  11. Data Services
  12. Healthcare
  13. Music
  14. Sidechain
  15. Copyright
  16. Security
  17. Service
  18. Consumption
  19. Fintech

Recent blockchain ratings by the Chinese Government

The Chinese Government, through the China Electronic Information Industry Development (CCID), has ranked EOS in the number one position – for a second time – in a list of best blockchain platforms according to the three categories of Technology, Applicability and Innovation. EOS managed to edge out the fan favorites of Ethereum, Nebulas, NEO and Stellar to stay at the top of the list for a second time.

Considering the fact that more DApps are choosing EOS over Ethereum and that the Chinese government ranks the platform best, one is tempted to conclude that the current price of the coin is seriously discounted. The Bitcoin ETF aftershocks have affected the value of EOS. The current value can also could be a good entry point for any crypto-trader who did not manage to get some EOS back in March when it was valued around $5.

Disclaimer: This article is not meant to give financial advice. Any opinion herein should be taken as is. Please carry out your own research before investing in any of the numerous cryptocurrencies available.

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IDG Backs Crypto Wallet imToken with $10 Million Investment

China-based cryptocurrency wallet imToken announced Thursday that it has closed a $10 million Series A round fully funded by venture capital firm IDG Capital.

Founded in 2016, imToken first entered the industry as a dedicated ethereum wallet service, but has since expanded to support a claimed 30,000-plus tokens, including “airdrops” and ICO issuances.

The company said in a release that the new equity financing will be used to expand its overseas businesses and to hire more technical staff for product development.

ImToken’s CEO, Ben He, told CoinDesk that the company currently has fewer than 40 people and will primarily expand its team in Singapore, alongside building new presences in other Asian and African countries including Japan, South Korea, Vietnam and Nigeria.

In addition, He said the firm expects to launch a new security-related product at the end of June, though he refrained from disclosing further details.

IDG Capital has become notable in the cryptocurrency industry, having made a series of investments in industry startups.

As previously reported by CoinDesk, IDG participated in Coinbase’s notable $75 million series C round, as well as Circle’s $50 million funding, both of which took place in 2015. More recently, the VC firm also backed China-based cryptocurrency data firm BiKan as a participating investor in the startup’s 10 million fundraise.

Wallet image via Shutterstock

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.