2018-6-30 00:47 |
The surprise launch of the Ethos universal wallet has sent the price of ETHOS tokens flying upwards, amid speculation of potential Wall Street partnerships.
Announced at 14:00 PST, the wallet was released on Android and first made available to users in the Netherlands. According to an Ethos spokesman, other countries will have access in the coming weeks.
Rumors Ethos was about to launch its wallet began after the company’s Twitter account dropped a hint on Thursday in a tweet celebrating its first birthday. The tweet told followers to: “Stay tuned for a big announcement coming tomorrow…”
Hard to believe it's been a year! We can't wait for this next lap around the sun! Stay tuned for a big announcement coming tomorrow… pic.twitter.com/DIAiSk3Za6
— Ethos.io (@Ethos_io) June 28, 2018
The market was quick to respond following the announcement, made at around 16:00 GMT, with a knee-jerk 23% rise in ETHOS tokens. Although this soon subsided, over the course of Friday the tokens have received renewed interest from investors, with a second price hike. At the time of writing, ETHOS tokens were changing hands at $1.39, according to CoinMarketCap.
Established a year ago by then-19-year-old Shingo Lavine, Ethos is a platform and wallet-application for users to store tokens, coins and digital assets as well as tracking assets held elsewhere, or an exchange. Pre-registration, which had been open for three months, attracted 100,000 people when still in beta testing.
The ETHOS token – an ERC20 token – is used in the ecosystem to access certain features and fees. According to the company’s website, the long-term aim is for ETHOS tokens to provide liquidity for the platform, enabling users to switch or re-allocate into different cryptos easily.
Speculation had already begun following revelations that Lavine had held large partner meetings in the New York Stock Exchange last Thursday.
Some commentators had suggested a major deal with Wall Street firms, considering the company’s Chief Global Strategy and Compliance Officer, Stephen Corliss, had been COO at the asset management firm, BlackRock. Ethos has long-mooted the possibility of a hybrid platform for traditional assets as well as crypto.
Although there has yet to be any news on entente cordials with any big-name firms, the Ethos Universal Wallet will be the first major milestone for the one-year-old company.
Disclaimer: The author is not invested in any cryptocurrency or token mentioned in this article, but holds investments in other digital assets.
The post Ethos Celebrates Birthday With Cake, Eating It appeared first on Crypto Briefing.
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