Bitbns, Indian crypto exchange announced that it has added EOS RAM for trading on its platform on 6th July. It is the only exchange to list EOS RAM for trading in their platform. Also, in their official blog, they have mentioned that it is the only Indian cryptocurrency exchange to have listed over 50 digital assets.
RAM [Random Access Memory] is a form of computer data storage that stores data and machine codes such as keys, balances and contract state. Certain technological laws decide which RAM should be allocated for a system. EOSIO has introduced a free market plan as a solution. Individuals and Communities that fall short on RAM can buy and sell it across the EOSIO ecosystem in exchange for EOS, which is EOSIO’s native crypto coin.
The demand for EOS smart contracts among the developers will control the price of RAM. As the demand for EOS RAM increases the price of EOS RAM will be increased considerably.
First platform to trade EOS RAM pic.twitter.com/z50T8XUfP9
— Bitbns (@bitbns) July 6, 2018
EOS RAM is now Live on Bitbns – Trade EOS RAM with USDT, FIAT & EOS pic.twitter.com/41jP1q3EM7
— Bitbns (@bitbns) July 7, 2018
According to reports, the price of EOS RAM has increased from an estimated 0.01 EOS per kilobyte on 20th June to 0.20 EOS/KB on 3rd July. Currently, EOS RAM is selling at a price of about 0.57 EOS/KB.
when there is high demand, users will only be able to buy RAM from another user who owns it, rather than buying it from the system. According to Bitbns, only -17% RAM is left for a direct sale.
The EOS RAM is now Live on Bitbns exchange and can be traded with USDT, FIAT & EOS.
Bitbns is a new cryptocurrency trading platform created in December 2017, which is already one of the largest platforms in India. Bitbns ensures the highest quality of service. Simple and fast delivery of investor purchases. It is very interesting to note that Bitbns is currently stoking a lot of interest among Indian investors.
EOS is an alternative to Ethereum, created by Dan Larimer, who is also the creator of Steemit and Bitshares.
EOS is designed to support distributed applications that have the same look and feel as their centralized equivalent, for example without the user having to pay for each transaction. It also means that any type of application can be built, run and managed by the EOS operating system, creating a new level of transparency. EOS is designed for large-scale development of large enterprises and hence it is currently not considered by existing blockchain platforms.
Image via Shutterstock
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