DeFi Friday. Three Exciting DeFi Token Listings on Is this the turning point for EOS?

Disclosure: Our team is working on its own DeFi product, which may compete in the same market as the projects reported on here. If you’re a smart contract developer or investor interested in working with us, get in touch.

Today is the first time has ever listed three new tokens in one day. They are:

Organix Protocol (OGX) – marketcap $35.95 million (DMD) – marketcap $12.09 million

DeFis.Network (DFS) – marketcap $6.25 million

Just a few days ago, we also listed:

Defibox (BOX) – marketcap $10.82 million

Community interest in these projects is off the charts, as is their trading volume. All four are currently in our top 10. There has also been massive token appreciation and some pretty elated early investors.

If you were around EOS in late 2018, this all might feel familiar. The excitement, the euphoria, the quick gains – and naysayers warning how it all may unravel.

However there is a major difference this time around. It’s DeFi, not gambling. DeFi is very real. It ultimately aims to replace banks and all of traditional finance. And there are some valid reasons to think it has a chance to do that. That’s quite a large opportunity, not built on whether or not people keep gambling after mining tokens stops being profitable.

Explaining DeFi and the opportunity it presents further is outside the scope of this article but here is a good primer to get you started.

EOS has been a solution in search of a problem for a long time. Perhaps in DeFi, it has found a problem that needs fixing. Finance is broken. DeFi aims to fix it. Ethereum is also broken with their huge transaction fees and unscalable network. EOS to the rescue?

Join our community!

Twitter: @marketcapone


Web: Acquired by Metal. Syed Jafri Now Works For the Company that Acquired Lynx.

This is a developing story. More information will be included as it becomes available.

Via the MetalPay Blog:

“Following its recent acquisition of Lynx, and the launch of its Metal X cryptocurrency exchange, The Metal Neo Bank Payment Platform has acquired, the leading Block Explorer and Dev Team for EOSIO.”

“The vision of Proton and Metal is compelling” said Syed. “Combining Neo Banking with an ultra fast blockchain is the future for payments”.

Terms of the deal were not disclosed. Syed has described it as an ‘acqui-hire’, where one company buys another primarily to hire its employees.

EOS Cafe Block Block Producer

It’s unclear what will happen with the EOS Block Producer, EOS Cafe Block, which owned Bloks in partnership with HKEOS. Cafe Block is currently the 35th ranked BP on EOS, earning over 150 EOS per day.

Update: a bit more insight into this.

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