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The EOS Community that launched through the 2018 preliminary coin providing increase has rebranded to Vaulta as a part of its pivot to give attention to Web3 banking.
In a March 18 assertion, the corporate mentioned that the change to Valuta is scheduled for the top of Might. The rebranding will embody a brand new token. An advisory group referred to as the Vaulta Banking Advisory Council can even be established to assist the agency transfer in its new route.
EOS Token To Transition To The Vaulta Token
In one other assertion, the corporate mentioned that the community’s native EOS token will transition to the Vaulta Token. Though the brand new crypto’s ticker particulars and technical particulars will solely be disclosed at a later date, the group did say that the brand new token will likely be out there on the almost 140 exchanges the place EOS presently trades.
Traders will be capable of trade their EOS tokens for the brand new Vaulta Token by way of a swap portal that will likely be made out there in Might.
A New Period of Finance Begins.
After years of constructing the foundations behind the scenes, we’re excited to introduce Vaulta subsequent frontier of finance Web3 Banking 🏦
With cryptocurrency’s rising reputation, clearer laws, & rising demand for modern monetary merchandise,… pic.twitter.com/6TLlHR7MCa
— EOS Community (@EOSNetworkFDN) March 18, 2025
The EOS community’s blockchain infrastructure can even be inherited by Vaulta.
EOS Value Surges After Rebranding Announcement
Following its launch, EOS was a prime 10 undertaking. Nonetheless, its worth has since been on a gradual decline. Together with the lower in worth, the crypto has additionally dropped available in the market rankings. CoinMarketCap knowledge exhibits that the altcoin is presently ranked because the 68th largest crypto by market cap, with its whole capitalization standing at greater than $948.85 million.
Opinions on what went flawed with the undertaking differ. Some who volunteered to help in creating the community mentioned there was an absence of assist and route for the undertaking.
Since its launch, the crypto’s worth has dropped over 40%. Nonetheless, traders and merchants reacted positively to the rebranding announcement. EOS subsequently surged greater than 24% within the final 24 hours to commerce at $0.6109 as of 8:30 a.m. EST.
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