EOS price increases as Voice opens to 23 countries
Last Updated on 17 August 2020 by CryptoTips.eu
After opening its services at the beginning of July, the social network Voice is now available to users in 23 countries. Enough to increase the price of EOS, on which the network is based.
Official launch of Voice
Voice initially launched in July but the functionality was limited to select users. This according to the social media platform was to test the features on the platform. Following a successful initial trial period, Voice announced on its site that the platform is now open to global users, and existing users can invite their friends to join.
At the moment, Voice is available in 23 countries including the United States, United Kingdom, Spain, Italy and Switzerland. However, the social network intends to gradually open up to other countries.
The unique, particularly of Voice, lies in its identification technology used to create users account. A person can only create one account, in order to prevent spamming.
The price of EOS jumps
Still, the official launch of Voice has a noticeable effect on the price of EOS (EOS), which is also managed by Block One. Starting from $3.12 on the day of the announcement, it jumped to $3.90 on August 16, hitting the $4 threshold:
As of the morning of August 17, the price of EOS hovers around $3.83, with a market capitalization of $3.612 billion. Over the week, EOS is one of the biggest gainers (+ 27%), behind Chainlink’s LINK (+ 38%).
The success of Voice is critical to Block.One. The company injected $ 150 million last March, the same amount it had already released for its launch. Voice had met with some suspicion from the start, because contrary to what had been announced, it could not be launched directly on the EOS blockchain. The success of the social network will, therefore, dictate the future of Block.One, and therefore, that of EOS.
