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Home News Eidoo Hits 100,000 Downloads As Cryptocurrency Customers Seek A Simpler Way To...

    Eidoo Hits 100,000 Downloads As Cryptocurrency Customers Seek A Simpler Way To Store And Use Their Assets

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    Eidoo has surpassed 100,000 downloads of its app that offers consumers a simple, easy-to-use multi-currency wallet and hybrid exchange for their cryptocurrencies. The key milestone comes as the total cryptocurrency market capitalization reaches $208 Billion and the CME prepares to launch a bitcoin futures market, propelling the sector ever closer into the mainstream. (www.eidoo.com)

    The innovative Eidoo app leverages the full potential of digital currencies in one consumer-friendly environment enabling those who were once deterred from cryptocurrencies through lack of technical knowhow  to embrace the dawn of a new financial system.

    Following a successful ICO that raised $27.9M, Eidoo is also accelerating its development road map to integrate a hybrid exchange, a Bitcoin wallet, an Eidoo-branded debit card, and a raft of innovative add-on services that will enable customers the convenience of having a single mobile app where they can buy, sell, convert and spend digital currencies with ease.

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    Built on top of the Ethereum Blockchain, EDO is an ERC20 token necessary for users to pay fees for the services offered in the Eidoo app. As a multi-currency wallet, Eidoo supports both Ethereum and all ERC20 tokens automatically, so there is no need for users  to set up a new wallet every time.

    The net revenue from all the value-added services linked to the Eidoo app will be collected in EDO tokens by a publicly auditable smart contract that will divide revenues as follows:

    • 50% will represent the revenue flow for the companies involved in the Eidoo project providing the added value services;
    • 50% will be a voucher for the service. The voucher will be deleted from the blockchain after its use, effectively forwarding these tokens in a burn address that doesn’t have a private key to move funds from.

    Eidoo CEO Thomas Bertani said:

    “We’re thrilled by the enthusiasm our app has received and are working hard to roll out a full suite of add-on services to make the purchasing, selling, converting and spending of cryptocurrency fast and easy for the masses. Hitting 100,000 downloads just weeks after our ICO was a significant indicator for the company that we’re building a blockchain service that people desperately need.”

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