The EOS Network, once a blockchain giant, has officially rebranded to Vaulta, marking a strategic shift towards Web3 banking.
Why EOS is Becoming Vaulta
EOS made a name for itself in 2018 with a $4.1 billion ICO but faced issues with governance and market relevance over time. The new name, Vaulta, signifies a commitment to building an open and accessible financial future. Vaulta retains key EOS technical strengths such as C++ smart contracts, multi-chain interoperability, and more. A crucial component of its strategy is the exSat Bitcoin scaling solution.
Vaulta Banking Advisory Council
To ensure a smooth integration between traditional and decentralized finance, Vaulta has established a Banking Advisory Council. Comprising prominent banking and blockchain experts, the council will guide the network's financial strategy.
Token Transition: From EOS to Vaulta
A major part of the rebranding involves the token transition: EOS will be replaced by Vaulta Token. The swap will start in May 2025 via a dedicated swap portal. The new Vaulta Token will support Vaulta's financial services and banking ecosystem.
EOS's transition to Vaulta marks a new era for the project, offering opportunities to merge traditional banking with DeFi and Web3 innovations.
