EOS Weekly Digest: Token Burn, REX Update, New Projects, Predictions, and Major Events
Just half a month has passed, but such a spike in enthusiasm about cryptocurrencies hasn’t been seen for a long time: the CryptoSpring is in blossom. With Bitcoin spiking upwards and altcoins following in its wake, we’ll try to navigate you through part of this dense jungle — the thriving garden of EOS.
Major EOS news
“Dracarys!” said the EOS Nation, and on May 7th, it happened. Over 34 million EOS tokens were burnt. But while GoT fans stayed anxious about the upcoming unexpected twists, EOS holders were pretty confident in what was happening — a move like that had already been conducted once about a year ago, their holdings had kept their value, and even Dan Larimer endorsed this to happen. The problem of managing inflation still remains in the long run, but burn has laid it aside for a while.
EOSIO published a new issue of the EOSIO Labs initiative: a project which is designed to support their vision of the open development model, and help to distinguish different project based on the blockchain. This issue focuses on the ideas of EOSIO Manifests, Assert Contracts, and the Security Model behind them. You can check the first Labs report here.
And NodeONE announced the relaunch of the EOS Vote tracker, a tool to view and track voting trends on the EOS mainnet. EOS Mediterranean met with NodeONE and decided to revive the EOS Vote tracker because there are never enough tools with good UI for users. And when things in the market start to look pretty positive, it’s the time to resurrect things that were considered abundant in darker times.
REX update
While REX (EOS Resource Exchange) was released at the beginning of this month, the most important question is what is it and how to use it. We found two videos covering this topic and explaining how to do it properly. The first one focuses on the process of “REXing” your EOS itself, with a calm and thorough tutorial.
The second focuses on how REX works in general, and four ways of earning money there with extra insight into the recent state of earning streams on this platform. There is not much data due to the current lifespan of REX, but the author does a nice job of explaining the basic input data.
For people who are still confused, there is a discussion thread with a couple of basic questions on Reddit that may be helpful. For people concerned with low returns in REX, here is another thread to check out. And here, if you are already into REX, you can participate in a survey about leasing strategies.
But the easiest way to understand REX is just to use it, so here is the list of platforms that offer their users access to borrowing and lending REX:
EOS Authority https://eosauthority.com/rex
EOSDAQ: https://eosdaq.com/exchange/REX_EOS
EOSREX: https://eosrex.io
Bloks.io: https://bloks.io/rex
Chintai: https://eos.chintai.io/
TokenPocket: https://rex.tokenpocket.pro/#
EOS Titan: https://eostitan.com/rex
EOS Inbox: https://eosinbox.io/
