Poloniex, one of the oldest cryptocurrency exchanges based in the US, has announced that it will be listing EOS (EOS), being the first digital asset to be introduced after the platform implemented its new assessment rules.
Poloniex, now an acquisition of Goldman Sachs’ mobile payment applications Circle since February, stated on Tuesday that EOS deposits and withdrawals are already available, while trading against Tether (USDT), Bitcoin (BTC) and Ethereum (ETH) will be open on Wednesday.
The exchange went on to say that it will only be offering trading options for EOS mainnet tokens and will not allow deposits made with the ERC-20 version of the token or the EOS airdrops.
EOS’ listing was announced after nine tokens were removed from the platform last week. Poloniex delisted FLO, FLDC, XVC, BCY, NXC, RADS, BLK, PINK and RIC due to the instauration of new asset assessment rules by Circle. The Circle Asset Framework is a tool utilized to select new cryptocurrency asset listings through Circle’s products.
“We applied this framework to assess projects across a few categories – fundamentals, technology, people, business model, and market dynamics – and we are ready to announce the addition of a new asset to the Poloniex family: EOS,” Poloniex stated.
EOS in is based on the open-source blockchain protocol created by Block.one. The token is used to gain access to the network’s resources, such as bandwidth and storage. EOS was initially an ERC20 token issued on the Ethereum blockchain, but in June they launched their own main network (mainnet) EOSIO and moved the token to its own blockchain.
Poloniex’s newest listing is seen as positive news by EOS holders and a factor that will contribute to the token’s growth. But it appears that the asset’s price did not immediately react when the announcement was released.
Currently, EOS is ranked as the fifth cryptocurrency according to market capitalization, trading at a price of $7.29 USD and having a market cap of $6.6 billion.