EOS could be about to announce a new social network

EOS could be about to announce a new social network

On Mar. 25, Dan Larimer, the Chief Technology Officer at Block.one, Dan Larimer, revealed that on June 1, EOS will make the “biggest announcement” since EOSIO was launched. It is not clear what type of announcement will be made, but many in the EOS community are speculating about a social network announcement.

A social network in the works?

In a recent tweet, Mahbod Moghadam, the former chief community officer of Everipedia and founder of Genius.com, stated that EOS could be about to release a social network that will be developed on top of Everipedia to make it compatible with the IQ token.

Although Moghadam stated that he had no insider information and was just “speaking out of common sense,” he made it clear that he might be speaking the truth by suggesting that he is the “cassandra of the internet.”

Crystal Rose, the founder of Sense.Chat, is EOS’s biggest chat app, commented about integrating the IQ token on her platform and Everipedia welcomed the idea.

Steemit 2.0?

A twitter account under the pseudonym of Kenny Crane that usually tweets about the most recent developments of EOS also talked about the upcoming event.

There could be some truth to this idea since the CTO at Block.one, Dan Larimer, created Steem.it, which is a decentralized social media platform, and a tweet from February could have revealed what was coming.

In addition, Block.one recently used over 3.3 million EOS tokens (~$25 million USD) to buy RAM on the EOS network, which leads many to believe that indeed some sort of decentralized application will be announced.

The rumors continue to increase as the due date approaches and the expectations are getting higher. Even Brendan Blumer, co-founder, and CEO of Block.one, stepped in to manage some of the expectations around the event.

The announcement is set to take place in the next few hours, so we will know more soon and be updating this article accordingly.

Update June 1 @ 6:32pm Pacific time: Block.one made a handful of announcements including:

  • Voice – a new social network designed to bring transparency to social media
  • EOSIO 2.0 – a 12x faster version of the old virtual machine
  • Coinbase Earn – Coinbase users can now earn $10 of EOS.

The stream of the event can be accessed here.


Updated: Nov 7 at 2:27 am UTC

EOS, currently ranked #6 by market cap, is up 2.57% over the past 24 hours. EOS has a market cap of $6B with a 24 hour volume of $2.31B.

Chart by CryptoCompare

EOS is up 2.57% over the past 24 hours.

Posted In: , Price Watch, Rumors
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Ali Martinez

Ali Martinez

Technical Analyst @ CryptoSlate

After Ali began forex trading in 2012 In 2014, he came across Bitcoin’s whitepaper and was so fascinated by the idea of a decentralized, borderless, and censorship-resistant currency that he started buying Bitcoin. By 2015, he started traveling to spread the word about Bitcoin.

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