Ethos (ETHOS) – Is It Worth? An In-Depth Guide
What is Ethos?
Ethos is a multi-asset wealth management solution with the goal of making it easy for anyone to own digital assets and remove the barriers to entering the cryptocurrency space.
The core of this platform is the Ethos wallet which can connect with hundreds of blockchain and store many different assets, it is designed as a universal wallet and aims to be one wallet for all assets.
It features storage of most digital assets including BTC and ERC20 tokens, mobile support, cold storage, key management, software interface and social functions. All assets and functions can be assessed with one single private key; they calls it the “smart key.”
This key is derived from the roots of your individual private keys on the various blockchains.
Additionally, it wants to release a “premium wallet” for individuals who want to identify themselves on the blockchain, for example, merchants.
This improves trust and makes the Ethos solution similar to PayPal for crypto assets. Ethos has a big focus on User Experience and wants to provide the most easy-to-use and intuitive user design, to make it easy for anyone to set up and use a digital wallet. The design approach is mobile-first.
Another important part of Ethos to become a complete value management solution is the offering of exchange and transfer services, including fiat-gateways with built-in KYC and AML services and solutions for fund creators.
The native asset of the platform is a token called ETHOS, which is used as a liquidity network and can be sent in mobile environments to any phone number that is connected with an Ethos wallet. Also, users will be able to pay for advanced services, fees and API-calls in ETHOS, which runs on Ethereum.
Ethos was founded by Shingo Lavine, a cryptocurrency enthusiast who currently serves as CEO to the company. An ICO was held from 28. June till 16. July 2017, where ~2.3 million USD was collected. The token price was 0.03 USD.
Can Ethos be mined
No, it is a Utility token. Therefore it cannot be mined or staked.
What differs Ethos from other Cryptocurrencies?
Ethos is built with a focus on mass adoption. The goal is to lower the barriers of entry and provide a platform solution for all digital assets that is compliant with the law. Most new ICOs focus on new tech, whereas Ethos focusses on adoption.
Ethos is not solely focussed on the blockchain, most of what they offer is web interface technology. Ethos is a private company, and this is not a decentralized network.
How much is Ethos worth today?
What is the total and the circulating supply?
The total supply is 222.295.208 and the circulating supply at the time of writing is 76.650.532 ETHOS.
Where can you buy ETHOS?
You can buy it on several cryptocurrency exchanges, most notably Binance and Bithump.
Can ETHOS be sold for cash ?
You can sell it for cash on several cryptocurrency exchanges that have fiat-pairings, most notably Bithump.
The project is currently behind schedule. Still in the testing phase but expected to launch soon.
Verdict and Rating
4/10 Good project that can play a crucial role in mass adoption. It is very likely that people that are using cryptocurrency and digital assets will not walk around with 10 different wallets for every coin or token.
Universal wallets will play a big part in the future landscape of cryptocurrency payments, and it offers a clever solution with their smart-key system. But I would be careful with using Ethos for investing purposes, as it is a Utility token and can easily be replaced.
DisclaimerThe writer’s views are expressed as a personal opinion and are for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
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