Easy EOS Account Creation — www.eostart.com
@Wannabit Blockchain Labs has released eostart, an EOS account creation portal. Users can now pay BTC/BCH/ETH/LTC to create a NEW EOS Account.
As part of an effort to support the growth of EOS and accelerate adaptation of the EOS blockchain for the general public, @Wannabit Blockchain Labs finds it necessary to provide tools for easy entry into the EOS ecosystem.
Creating an EOS account currently requires an existing EOS account that can interact with the EOS blockchain in order to purchase RAM needed for account creation. With eostart, users can now easily create a new EOS account without the need to ask an existing account holder to create accounts for them.
What does eostart do?
Users can create new EOS accounts without having to ask an existing account holder to make accounts for them. Those who do not have a registered EOS account can now easily make new accounts through requesting account creation on eostart and making payments through Coinbase Commerce.
How does EOS account creation work?
In order for an EOS account to function properly, it needs to have about 4.00 kb of memory (RAM). An existing EOS account holder must pay a certain amount of EOS as a fee to create a new EOS account. EOS is not like ETH where you can transfer funds to a public key address. Without an EOS account name linked to a public key and some RAM, you cannot receive or make transfers.
Why do we need to pay to make an EOS account?
When a user pays a certain amount of EOS as a fee to create a new EOS account, it means that the user is paying for a certain amount of RAM (RAM price constantly changes) required for the account to function. To create an account with 4.00 kb memory, users will have to pay RAM price per kb multiplied by 4.
How does eostart work?
When a user requests an account creation, eostart calculates the current price for 4kb of RAM and 0.1 EOS each allocated to bandwidth and CPU. For example, if 1kb of RAM is currently at 0.5 EOS, account creation cost would be 2.2 EOS (2.0 EOS for RAM and 0.1 EOS each for CPU and bandwidth). The total cost would be exchanged into BTC/BCH/ETH/LTC prices in real time along with a minimal fee to cover eostart’s operation and development expenses.
To create a new EOS account, simply visit www.eostart.com and request account creation.
- Check for a valid name (12 characters with lowercase alphabets & numbers between 1–5)
- Enter Owner & Active public key (for the average user, owner and active public key can be the same). If you do not have a EOS key pair, click the link provided on the page to create a new key pair. Make sure to save your private key in a safe place and never lose it.
- Click “Buy with Crypto”
- Make payment through Coinbase Commerce (you will be requested to fill in your e-mail address).
- Receive your EOS account through e-mail.
Wannabit Blockchain Labs is currently developing an EOS mobile & web application. We have concluded that providing a way to easily create an EOS account is the first step towards making EOS accessible, and therefore released eostart. Please stay tuned for more updates on Wannabit Wallet.
Wannabit Blockchain Labs is a group of individuals dedicated to providing value to the blockchain space through researching blockchain technology and applying them to real-life use cases. We strive to not only bring forward transparency and efficiency to this space but also trust and convenience through combining our extensive knowledge in blockchain technology and our vision for the decentralized future.
For more information and updates on Wannabit Blockchain Labs, please follow our medium blog.
EOS Account Creation Portal — www.eostart.com
Official Website — www.wannabit.io
Facebook — https://www.facebook.com/Wannabit-Labs-179112299473065/
Twitter — https://twitter.com/wannabitwallet
