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eos
eos
As of May 14, 2025, EOS tokens may be swapped 1:1 for Vaulta ($A) triggered by the blockchain’s rebrand. Newton encourages token holders to review only the official channels for details regarding the swap process, timing, and any platform-specific requirements.
This coin is not available on Newton.
EOS was a blockchain platform that has been rebranded to Vaulta. The new focus is aimed at providing scalable, transparent, programmable contracts, and settlement layers for cross-border financial services, with a focus on institutional decentralized finance (DeFi). EOS allowed developers to build on a permissionless high-performance ecosystem that had experienced zero downtime since its launch.
The platform integrated the Ethereum Virtual Machine (EVM), which supported C++ smart contracts, and offered decentralized data management, enhancing its versatility for vari-ous applications. It now provides all of these same services but under its new name Vaulta.
The chain offers versatility for many different use cases, including Web3 banking, gaming, DeFi, and enterprise-grade solutions. However, the rebrand appears to be focused on providing a full-stack solution geared specifically towards Web3 banking and institutional DeFi.
The EOSIO whitepaper remains, meaning the blockchain’s architecture continues to support fast transactions with one-second finality and low fee operations through a staking-based resource model (CPU, NET, RAM).
The blockchain’s Foundation announced in 2023 that it intended to go beyond carbon neutral and become a climate-positive project, working to remove additional carbon from the atmosphere. This same Foundation leadership continued with Vaulta.
Since its inception, EOS focused on user experience, including human-readable account names and recovery options for lost accounts. Developers may incur business licensing fees therefore, refer to Vaulta directly, as activities outside the network’s stipulated use cases will require licensing.
EOS used a Delegated Proof of Stake (DPoS) consensus mechanism to govern the chain. The top 21 block producers validated transactions, allowing for faster transaction speeds and higher scalability when compared to other proof-of-work systems. This system faced its own criticism surrounding vote selling practices.
In addition to Instant Finality (IF), the September 2024 Savanna (Scalable Agreement on Validated Additions with Nimble Nonrepudiating Attestation) consensus algorithm allows for Block Producer roles to be split in two. One being production and the other block finalizer. EOS did not implement this feature.
The platform's software enabled smart contract execution and decentralized storage, supporting the operation of decentralized applications (dApps). Developers used the underlying EOS.IO software stack, the system's operating protocol, to build and deploy applications on the native blockchain.
EOS adopted a resource-based model where fees were paid in its native token, similar to other gas fees seen on blockchain networks.Users could stake tokens to receive yield in the form of newly issued tokens. The current circulating supply as of May,13th 2025, was 1.56B tokens with a total supply of 2.1B. These features are all available under the rebranding Vaulta.
Governance on the network was managed by token holders voting for block producers, where the top 21 of these vote to execute on proposals and upgrades. This governance model allows for flexible adjustments to the network without requiring hard forks and is still being used under the new network name.
Savanna is the latest consensus mechanism used by the blockchain. Unlike some chains where final transactions may still be subject to reversal, Savanna was designed to provide finality within approximately one second, meaning transactions cannot be altered once confirmed.
Savanna uses BLS (Boneh–Lynn–Shacham) signatures to boost speed and security by aggregating multiple validator signatures into one compact proof. This reduces network load and enables faster, more efficient consensus without sacrificing cryptographic integrity.
While EOS’s goal was to offer a high-performance and developer-friendly platform, the 2025 introduction of a commercial license requirement for parts of the software stack could influence adoption among enterprise and infrastructure-level builders evaluating long-term costs and flexibility.
EOS could be used for a large range of applications, from powering DeFi platforms to enabling secure supply chain tracking. Its scalable infrastructure and almost instant finality allowed for the development of high-traffic dApps. Most recently, the network’s Foundation has set its focus on Web3 finance.
EOS, now Vaulta, has the potential to support the financial sector in ways such as peer-to-peer lending, stablecoins, and decentralized exchanges, offering fast transaction speeds.These features make it suitable for applications that require real-time processing. Businesses can also use the blockchain to automate processes through smart contracts, enhancing efficiency as well as real-time auditability.
In 2017, Block One published the EOSIO Whitepaper. The document shared its vision for a scalable and user-friendly blockchain. The project's co-founders, CEO Brendan Blumer and CTO Daniel Larimer, aimed to address the limitations of existing blockchain networks and restore user trust. The platform gained significant attention, including the Securities and Exchange Commission's (SEC) following its year-long initial coin offering (ICO), which raised over US$4 billion, making it the largest ICO in history.
EOS Mainnet had an official community fair launch in June 2018. Despite its promise, the project has faced criticism over centralization concerns due to its delegated proof-of-stake model, which permits the ability for block producers to buy, sell, and trade votes. Exchanges are not prohibited from participating with tokens under custody.
EOS has undergone several changes since inception, including the departure of its original founders, the formation of a foundation, and periods of both growth and decline. While the developer base has shifted, the network has supported a range of applications, including gaming and decentralized finance. Voice, one of the first Social Finance (SoFi) platforms, showed great promise. Unfortunately, the project was sunset due to the unclear regulatory landscape at the time.
Today, Vaulta, formerly EOS, maintains its position as a top 100 token by market cap, with its recent rebrand emphasizing a focus on Web3 banking. Once a top 10 token, it continues to face competition from an abundance of newer platforms.
You can store your EOS securely on a platform in a personal wallet.
When you stake EOS, your tokens are temporarily locked within the protocol, preventing you from trading or transferring them during this period. The duration of this lockup varies by protocol and can last anywhere from a few hours to several days.
Some merchants accept EOS for payments. You can use it to make purchases while benefiting from EOS’s seamless blockchain network. Real-time price tracking helps you make informed spending decisions.
Sending EOS is fast and cost-efficient. All you need is the recipient’s wallet address, and transactions are processed quickly with minimal fees on the high-performance EOS blockchain.
Organizations worldwide are slowly beginning to accept EOS as a donation method.
On certain crypto platforms, you can swap EOS for other cryptocurrencies like Bitcoin or Ethereum. It’s a great way to diversify your portfolio and explore new opportunities in the crypto market.
*Newton does not currently support staking, governance, interest-earning, or other utility functions, where applicable, for this asset.
Buying EOS directly from individuals in peer-to-peer networks or on unregulated crypto exchanges can be risky. Without the security of a trusted platform, you might face unreliable sellers or even fraud. For a safer experience, it’s best to use regulated services to purchase crypto. Be aware of the new token symbol ($A) as this is an open-ended swap and as a result EOS tokens could remain in circulation.
EOS is no longer supported by Newton and deposits of EOS sent to a Newton account on or after May 21, 2025 cannot be recovered. However, there may be Canadian-registered platforms where it is still available. It is essential to examine each platform’s support and regulatory status, review how they handle transaction fees, and check the availability of trade information, including volume and pricing. Additionally, assessing the platform's security standards and its adherence to Canadian financial rules can provide further insights.
Sign up on a trusted platform to buy EOS securely. After completing your registration and verification, you’ll gain access to a variety of cryptocurrencies, including EOS.
Deposit funds easily using Interac e-Transfer or wire transfer. Newton allows you to deposit CAD, making it simple to fund your account and start trading.
Once your account is funded, you’re ready to buy EOS. Search for it on Newton’s cryptocurrency list and view its real-time price chart to make informed decisions.
Choose EOS from the list of cryptocurrencies available on the platform. Renowned for its scalability and smart contract capabilities, EOS is viewed by many as a popular choice for both traders and developers.
Decide how much EOS you’d like to purchase. You can enter the amount in EOS or its equivalent in CAD. Whether you start small or make a significant investment, the process is straightforward.
Review and confirm your transaction details. Once completed, your EOS will appear in your account balance, ready for storage, staking, or trading.
A personal wallet gives you full custody of your EOS, putting you in charge of managing your private keys. While this setup offers great privacy, it also means you're entirely responsible for keeping your assets safe. If you’re not careful, you could face risks—but with the right precautions, it’s a powerful option for those who value independence.
Your security is important. Newton is committed to being a leader in compliance, security, and technical protocols.
For additional information and to review the risks associated with EOS, please see our Asset Statement.
