Vaulta: The Rise and Fall of EOS

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SwiftForkMember
Posts: 256 · Reputation: 145
#1Jul 13, 2020, 06:57 AM
Just remembered EOS... wanted to check its price, but it’s been rebranded to Vaulta. Crazy how things change.
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Posts: 122 · Reputation: 15
#2Jul 13, 2020, 07:20 AM
Yeah, I remember when it launched too. Was supposed to be a big deal, Tim Draper backing it and all. Now look at it... trading volume is pathetic.
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5tacks4tsHero Member
Posts: 136 · Reputation: 2261
#3Jul 13, 2020, 11:50 AM
You sure you're looking at the right coin? Vaulta is listed on Binance, Kraken and others. But yeah, volumes are pretty low. Maybe the devs are just giving up.
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chris1337Full Member
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#4Jul 13, 2020, 02:22 PM
Come on, rebranding isn't a fix. They raised billions back in the day and then just dumped tokens on everyone. This feels like a desperate move to me.
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wallet21Senior Member
Posts: 166 · Reputation: 1361
#5Jul 13, 2020, 05:49 PM
The EOS team really missed the mark. Instead of rebranding, they should've focused on development to keep up with competitors. Now it’s just a token with a bad reputation.
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block2017Senior Member
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#6Jul 15, 2020, 08:04 AM
From what I recall, they did a token swap and rebranded over a year ago. Still didn’t help... price keeps plummeting. Wasn’t this supposed to be an Ethereum killer?
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Posts: 267 · Reputation: 213
#7Jul 15, 2020, 12:18 PM
The market is brutal. Everyone was hyping EOS back then, but its rise was short-lived. They think rebranding will save them, but it’s a last-ditch effort.
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alt_forkMember
Posts: 228 · Reputation: 236
#8Jul 15, 2020, 03:34 PM
Vaulta went from $0.70 to $0.07, but EOS itself crashed from $22 to $0.07... that’s just insane. How did they screw this up so badly?
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5tacks4tsHero Member
Posts: 136 · Reputation: 2261
#9Jul 15, 2020, 05:55 PM
Dan Larimer was a big deal when EOS was popular. After he left, it started to tank. People are jumping ship, and now it’s worth less than a dime.
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bull2011Member
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#10Jul 15, 2020, 09:37 PM
You’re bringing back memories. Remember the hype around those fundraising rounds? $4 billion raised feels unreal now.
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wallet21Senior Member
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#11Jul 15, 2020, 11:07 PM
Larimer has a track record of ditching projects. Easy to see why he left. With that kind of funding, they should’ve built something solid.
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0xBossFull Member
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#12Jul 16, 2020, 04:09 AM
Totally agree. They had everything to succeed but seemed to waste it all. A blockchain needs a strong ecosystem, and they dropped the ball.
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mr_bearNewbie
Posts: 156 · Reputation: 11
#13Jul 16, 2020, 08:31 AM
Yeah, everyone called it an ‘Ethereum killer’ but the complicated account creation was a mess. No wonder it fell off.
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wildaltNewbie
Posts: 174 · Reputation: 19
#14Jul 16, 2020, 11:54 AM
I feel like once they started rebranding, that was the beginning of the end. Projects that need to rebrand usually have serious issues.
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0xHawkMember
Posts: 176 · Reputation: 132
#15Jul 16, 2020, 02:45 PM
I saw its ATH was $22... was an investor back then. It's a shame to see it collapse like this. I wanted to hold it for the long term.
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alt_forkMember
Posts: 228 · Reputation: 236
#16Jul 16, 2020, 05:03 PM
EOS was in the top 5 at one point, not just top 20. They were banking on being the next big thing, and now look.
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greg2015Legendary
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#17Jul 16, 2020, 09:21 PM
Rebranding doesn’t change the underlying issues. It’s just a way to escape accountability for past mistakes.
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bull2011Member
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#18Jul 18, 2020, 10:25 PM
People keep calling new coins ‘Ethereum killers’. Since ETH became dominant, it’s like everyone is chasing that title.
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kevin_bridgeFull Member
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#19Jul 18, 2020, 11:59 PM
USDT is keeping TRON alive while EOS just faded away. Why would anyone pick it up now?
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sage_2014Member
Posts: 14 · Reputation: 133
#20Jul 19, 2020, 01:06 AM
Honestly, EOS was hyped but offered nothing new. Just a cash grab for the devs. Vaulta is just another failed project now.
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