How & Where to Buy Ethos (ETHOS)
Use Ethos: Ways to send & spend ETHOS
Ethos Price & Information
Current ETHOS price and historical price chart
What is Ethos?
Ethos is an Ethereum-based token that has a broad goal of bringing simplicity to all cryptocurrencies to the novice user. It aims to accomplish this by making it easy for users to access their private keys, perform transactions and build custom applications suitable for businesses and individual users alike. Acting as a “platform-within-a-platform,” Ethos allows users to access, maintain and transact hundreds of different coins, tokens and currencies using a single key. Their mission statement is to “make the daunting cryptocurrency market accessible to everyone, accelerate adoption of blockchain technology and democratize ownership of cryptocurrencies.”
History of Ethos
Ethos was founded by Shingo Lavine, a 19 year-old, self-described “technologist” who raised funds to launch his own Ethereum-based (ERC-20 compliant) token via profits from investments in bitcoin and other cryptocurrencies. It was launched in June 2017 on bitcointalk.org by a diverse team of individuals, including financial analysts, software architects, portfolio managers, graphic designers and media specialists. Though the lead developer (Lavine) has very ambitious plans for his project, as of January 2018, many features of the token have yet to be developed.
How Ethos Works
As an ERC-20 compliant token, Ethos is truly attempting to make the most out of all the API features available via the Ethereum platform. It is one of the more ambitious ICOs to date, claiming not only to be able to integrate itself with hundreds of non Ethereum-based coins and tokens, but also offer a “fiat gateway,” an automated “ratings, reviews and predictions” generator, as well as a “high performance API architecture of microservices,” basically rendering it a “coin platform-within-a-platform.”
Why Use Ethos?
From the token’s homepage:
“ETHOS is an access token that enables anybody to securely manage their cryptocurrency wallets, keys and coins.
The Ethos Token (ETHOS) is essential to the function of the Ethos platform. ETHOS is a Functional Token that will be used on the platform to access various features and fees. Furthermore, as ETHOS becomes more liquid over time, we anticipate it could be used to rebalance individual portfolios. In other words, liquidity generated by ETHOS from fee conversions and ETHOS trading pairs can be used in a “liquidity network” that would enable users to shift allocations between various currencies quickly and easily.
In short ETHOS Tokens will:
- Be the payment mechanism for accessing and using services on the Ethos platform
- Pay for transaction fees and API calls
- Enable liquidity to help with changes in user asset allocations
However, ETHOS Tokens will NOT:
- Pay dividends or profits of any kind
- Enable holders to vote on company matters, or
- Control the company in any way
In the future, Ethos Tokens may be used to send value, similar to PayPal. This is where we hope to get to and believe that it will require navigating technical and legal solutions with care and expertise.”