Connect with us

Bitcoin News

EOS could be about to announce a new social network



On Mar. 25, Dan Larimer, the Chief Technology Officer at, Dan Larimer, revealed that on June 1, EOS will make the “biggest announcement” since EOSIO was launched. It is not clear what type of announcement will be made, but many in the EOS community are speculating about a social network announcement.

A social network in the works?

In a recent tweet, Mahbod Moghadam, the former chief community officer of Everipedia and founder of, stated that EOS could be about to release a social network that will be developed on top of Everipedia to make it compatible with the IQ token.

Although Moghadam stated that he had no insider information and was just “speaking out of common sense,” he made it clear that he might be speaking the truth by suggesting that he is the “cassandra of the internet.”

Crystal Rose, the founder of Sense.Chat, is EOS’s biggest chat app, commented about integrating the IQ token on her platform and Everipedia welcomed the idea.

Steemit 2.0?

A twitter account under the pseudonym of Kenny Crane that usually tweets about the most recent developments of EOS also talked about the upcoming event.

There could be some truth to this idea since the CTO at, Dan Larimer, created, which is a decentralized social media platform, and a tweet from February could have revealed what was coming.

In addition, recently used over 3.3 million EOS tokens (~$25 million USD) to buy RAM on the EOS network, which leads many to believe that indeed some sort of decentralized application will be announced.

The rumors continue to increase as the due date approaches and the expectations are getting higher. Even Brendan Blumer, co-founder, and CEO of, stepped in to manage some of the expectations around the event.

The announcement is set to take place in the next few hours, so we will know more soon and be updating this article accordingly.

Update June 1 @ 6:32pm Pacific time: made a handful of announcements including:

  • Voice – a new social network designed to bring transparency to social media
  • EOSIO 2.0 – a 12x faster version of the old virtual machine
  • Coinbase Earn – Coinbase users can now earn $10 of EOS.

The stream of the event can be accessed here.

EOS, currently ranked #5 by market cap, is down 7.05% over the past 24 hours. EOS has a market cap of $7.2B with a 24 hour volume of $5.25B.

Chart by CryptoCompare

EOS is down 7.05% over the past 24 hours.

Filed Under: EOS, Price Watch, Rumors

Ali Martinez

After Ali began forex trading in 2012 In 2014, he came across Bitcoin’s whitepaper and was so fascinated by the idea of a decentralized, borderless, and censorship-resistant currency that he started buying Bitcoin. By 2015, he started traveling to spread the word about Bitcoin.

View author profile

Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.

Like what you read? Give us one like or share it to your friends
original post…

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


Recent Posts

Copyright © 2019 The Crypto Report