Peter Thiel Backs New Crypto Trade Constructed on EOS

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    Blockchain software program firm, the builders of EOS, has introduced an upcoming cryptocurrency alternate backed by distinguished traders Peter Thiel, Alan Howard, Louis Bacon, and Mike Novogratz.

    EOS Blockchain Revival, the corporate behind the EOS blockchain, has introduced the launch of cryptocurrency alternate Bullish. Bullish is anticipated to go dwell within the second half of 2021 and already boasts a powerful capitalization of $10 billion. Its traders’ checklist additionally contains among the most well-known names in tech, together with billionaire angel investor Peter Thiel.

    The alternate might be constructed on the EOS blockchain, combining a centralized firm with the favored decentralized alternate mannequin of DeFi.

    Bullish will supply market-making, lending, and portfolio administration to each retail and institutional shoppers. The alternate will use the EOS blockchain to register all transactions in a cryptographically validated and immutable means, making certain each privateness and safety for his or her customers.

    “The Bullish alternate will leverage blockchain expertise and a brand new market structure to revolutionize the high-performance buying and selling panorama by transparently automating costly third-party features and turning them into yield-generating portfolio administration instruments to supply establishments and people higher and safer entry to the most recent cryptocurrency funding methods,” stated CEO Brendan Blumer. carried out the most important ICO to develop the EOS blockchain in 2017, elevating $4 billion. 

    Since then, EOS has struggled to draw important traction and misplaced its CTO Dan Larimer in January, resulting in an additional drop within the token’s value.

    Disclaimer: The writer held BTC, ETH, and several other different cryptocurrencies on the time of writing.

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