Ethos Surges 50% After Universal Wallet Launch


The price of Ethos (ETHOS), a social investing platform built on the blockchain, surged nearly 50% this week following news that the project has launched its universal wallet for Android users in the Netherlands, Germany and the United States.

The new wallet includes a number of features designed for universal usage and social investing. These include the SmartWallet, which allows users to securely store and manage coins on multiple blockchains, Watchfolio, a portfolio monitoring interface, and Coins, in-app coin profiles that feature charts, descriptions, reviews, ratings and more.

With the release, Ethos has unveiled its new Community Airdrop Program, where a number of notable projects have offered up free tokens to Ethos wallet users, as part of a marketing effort to increase adoption. So far, projects including OmiseGO (OMG) and Polymath (POLY) have committed funds to the program.

Since the news, the Ethos token price has surged from around $1.30 to nearly $2.15 before settling around $1.95 this week, representing a nearly 50% boost in price. The project now boasts a market cap of $145 million.


More on Ethos

Ethos plans to make the cryptocurrency market accessible to everyone, accelerate adoption of blockchain technology and democratize ownership of cryptocurrencies. To accomplish this, they are building out a number of products within their platform, including a universal wallet and a suite of APIs designed for developers building financial systems on the Ethereum blockchain. A key element of the Ethos platform is their social ecosystem, where they hope to build out a crowdsourced investment model, as well as a social gamification system for participation in the new blockchain economy. (more)

More: Official Ethos Wallet Information Page
In Depth: Ethos: A Socially-Driven Financial Platform for Crypto

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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