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EOS is a blockchain and smart contract platform with a focus on speed, scalability, and user experience. EOS uses delegated proof of stake (DPoS) and a “token ownership as bandwidth” model to achieve high throughput and zero transaction fees. The EOS open-source software is currently being developed by Block.one, a Cayman Islands company. Block.one is conducting a year-long token sale for an ERC20 token called EOS. This token is merely a placeholder until the free software is released on June 1, 2018. At that time, the EOS community will be able to use the software to launch a proprietary blockchain, honoring the distribution of the EOS ERC20 token at the genesis block.

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