EOS

EOS is a smart contract platform that aims to have the throughput and scalability required to create industrial-scale apps. Along with that, it aims to remove transaction fees.

You can buy EOS tokens with your CAD, USD, and EUR in CoinSmart.

As per the company, EOS doesn’t have a full form.

You can store EOS tokens in your CoinSmart account.

EOS uses the delegated proof-of-stake (DPoS) consensus mechanism. You can learn more about it here.

EOS was created by Dan Larimer and the Block.One company.

You can check the public address of EOS and all your other tokens in your CoinSmart account. Click on Wallet -> Open EOS Wallet -> Click on Deposit -> You will get the EOS address and the QR Code.

Most recent update: October 22, 2021

This overview provides a summary of certain risks involved trading any crypto asset and is not exhaustive. Investors are encouraged to conduct their own research prior to trading any crypto asset.

No securities regulatory authority has expressed an opinion about the Crypto Contracts or EOS, made available on the CoinSmart Platform, including an opinion that EOS is not itself a security and/or derivative. Changes to applicable law may adversely affect the use, transfer, exchange or value of your crypto assets and such changes may be sudden and without notice.

Prior to listing EOS on the CoinSmart Platform, Simply Digital Technologies Inc. (SDT) conducted due diligence and determined that EOS is unlikely to be a security or derivative under Canadian securities legislation. Our analysis including reviewing publicly available information concerning:

1. The creation, governance, usage and design of EOS, including the source code, security and roadmap for growth in the developer community and, if applicable, the background of the developer(s) that created EOS;
2. The supply, demand, maturity, utility and liquidity of EOS;
3. Material technical risks associated with EOS, including any code defects, security breaches and other threats concerning EOS and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them; and
4. Legal and regulatory risks associated with EOS, including:
   1. any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of EOS; and
   2. statements made by any securities regulatory authorities in Canada, other regulators in IOSCO-member jurisdictions, or the regulator with the most significant connection to EOS about whether EOS, or generally about whether the type of crypto asset, is a security and/or derivative.

Like all crypto assets, there are general risks associated with EOS including: volatility risk, liquidity risk, short history risk, demand risk, forking risk, code defects, regulatory risk, electronic trading risk and cyber security risk. For additional information of general risks associated with crypto assets, you may refer to the Risk Statement. Further, unlike Bitcoin, the development of EOS is more centralized and dependent on the efforts of Block.one. Informal governance by Block.one may result in new changes or updates to EOS that impacts its value.

As a reminder, this Crypto Asset Statement is not intended to be exhaustive of all risks associated with trading EOS and we encourage you to conduct your own due diligence to determine whether trading EOS is right for you.

SDT is offering Crypto Contracts on crypto assets in reliance on a prospectus exemption contained in the exemptive relief decision Re Simply Digital Technologies Inc. dated December 21, 2021 (the Decision). Please be aware that the statutory rights in section 130.1 of the Securities Act (Ontario), and, if applicable, similar statutory rights under the securities legislation of each other province and territory in Canada, do not apply in respect of the Crypto Asset Statement to the extent a Crypto Contract is distributed under the prospectus relief in the Decision.