- EOS becomes Vaulta, targeting Web3 banking with a May 2024 token swap and retained technical infrastructure.
- exSat integration links Bitcoin’s network to Vaulta’s DeFi tools for broader financial access.
The EOS Network, has unveiled a complete rebranding to Vaulta. This shift, set to finalize by May 2024, positions Vaulta as a Web3 banking platform focused on merging decentralized technology with conventional financial systems. The transition includes a token swap and strategic partnerships to build a compliant, scalable financial ecosystem.
Vaulta will retain EOS’s core technical framework, including its C++ smart contract system, decentralized RAM database, and cross-chain interoperability tools.
These features will underpin Vaulta’s banking operations, enabling seamless integration with exSat, a Bitcoin-centric digital banking solution. By linking to Bitcoin’s network, Vaulta aims to anchor its services in a globally recognized asset while advancing decentralized finance (DeFi) applications.
Advisory Board and Strategic Collaborations
A newly formed Banking Advisory Board, featuring experts from Systemic Trust, tetra, and ATB Financial, will oversee the fusion of traditional banking standards with blockchain innovation.
The board’s focus includes regulatory alignment and identifying real-world use cases. Vaulta has also partnered with firms like Ceffu and Blockchain Insurance to expand services across wealth management, consumer payments, and blockchain-based insurance products.
Vaulta CEO Yves La Rose described the rebrand as a “critical evolution” toward democratizing finance. The platform emphasizes four key sectors: wealth management, payment solutions, portfolio tools, and insurance.
With low transaction fees, instant settlement, and cross-chain compatibility, Vaulta seeks to attract developers and enterprises seeking reliable Web3 banking infrastructure.
The token swap, slated for May 2024, will transition EOS tokens to Vaulta’s ecosystem. Additional partnerships and product details are expected in the coming months. Vaulta’s infrastructure aims to bridge Bitcoin’s liquidity with institutional-grade financial services, positioning itself as a gateway to decentralized banking.
As of today, EOS is trading at $0.5748, reflecting a 15.05% increase in the past 24 hours. Over the past week, EOS has surged 24.98%, but in the last month, it has dropped 11.03%. Its year-to-date performance is down 25.86%, and over the past year, it has fallen 43.45%. Long-term, EOS remains significantly below its all-time highs, having declined 95.40% from its peak.
Technical Analysis & Predictions
- Short-term (1-2 weeks): EOS has shown strong bullish momentum recently, with resistance at $0.60-$0.65. If the rally continues, it could test these levels. However, a pullback to $0.55-$0.50 is also possible.
- Mid-term (1-3 months): If EOS sustains its bullish movement, it could push towards $0.70-$0.80. However, failure to maintain momentum may see it revisiting $0.45-$0.40.
- Long-term (6-12 months): Given its recent rebranding to Vaulta and strategic shifts toward Web3 banking, EOS could gain traction. A return to $1.00-$1.20 remains possible if adoption and sentiment improve.
EOS remains a highly volatile asset, and traders should monitor key support and resistance levels closely.
