banner
Important updates for Eidoo
Important updates for Eidoo
Blockchain

Important updates for Eidoo

By Marco Cavicchioli - 5 Aug 2019

Chevron down

Eidoo has announced some important updates regarding its wallet and the EDO token. 

The first one is the launch of the edo.watch site, a web page where data about the various token burn operations are published and made available to everyone in real-time. 

The site shows how, to date, more than 10 million EDO have already been manually burned, out of a total of about 90 million still in circulation. The chart also shows that on August 8th another million tokens will be manually burned, while the burns of the Hybrid Exchange (50% of all trading fees every 2 hours) and the EidooCrowd (50% of all the fees of the platform) should start in the near future.  

The second is the launch, occurred a few days ago, of version 2.0 of the Eidoo wallet app, which includes a completely new set of features that make it an all-round platform for accessing, storing and trading crypto assets. 

The app now offers several services, including:

  • Non-custodian wallet for Bitcoin, Ethereum, ERC20 and ERC223 tokens and stablecoins backed by assets like gold or fiat currencies (Ekon above all as it’s native to Eidoo);
  • Quick trades of digital assets;
  • A hybrid exchange that combines the security features of decentralised exchanges with the efficiency of centralised ones;
  • A section dedicated to ICOs, IEOs and STOs;
  • A unified tool to meet the KYC requirements of the blockchain industry.

The goal, as the Swiss company explains, is to transform the Eidoo app into a new complete financial tool in order to make the blockchain accessible to the general public. 

Finally, the new roadmap has been made public, which includes several new features expected in the future, such as the wallet for Litecoin, Liquid, EOS and for NFTs, the introduction of the brokerage service, the exchange Pro, the P2P platform for security tokens, the extension for browsers, the issuance of a debit card and other innovations including the automatic burns of EDO tokens.

These burns will make the activity of the Eidoo app more transparent and interactive and will be related to its operation, resulting for example in the use of 50% of all trading fees to burn EDO tokens every 2 hours. 

Marco Cavicchioli
Marco Cavicchioli

Class 1975, Marco teaches web-technologies and is an online writer specializing in cryptocurrencies. He founded ilBitcoin.news, and his YouTube channel has more than 25 thousand subscribers.

We use cookies to make sure you can have the best experience on our site. If you continue to use this site we will assume that you are happy with it.