First published 14 June 2020, two years after the chain opened. Expanded in October 2026 so a lock for capacity is not described as staking yield, and so 5 percent inflation is not described as the current mint. EOS is its own chain. Dan Larimer and Brendan Blumer are the people most associated with Block.one, the company that ran the sale and wrote the software. The sale ran for about a year on Ethereum and closed as this chain opened, on 14 June 2018. EOS mainnet is a launch after a fundraise, not a finished country. is that week, written as news. A company is not the chain. Other networks run the same software. They are not EOS.
One billion EOS were created at the start. One hundred million, 10 percent, went to Block.one. The rest went to the sale. The chain then minted more. At launch the mint was 5 percent a year: 1 point to the block producers and 4 points into an account for a spending system the network never agreed how to use. That pile was burned. In February 2020 the producers cut the mint to 1 percent. A page that still says 5 percent is the launch rule. Twenty-one producers make blocks, chosen by votes weighted by EOS. A vote is not a dividend of your coins.
There is no Ethereum-style fee for a transfer. You lock EOS to receive a share of CPU and of network capacity, and you buy RAM, whose price moves with demand. The lock for CPU and network comes back. RAM is a purchase you can sell. None of the three is interest. Later the network added a way to rent capacity instead of locking for it. Rent is a market. Staking is a lock and a queue, not a savings account. This page will not walk through buying RAM or renting capacity.
An EOS account is a name of up to 12 characters, not a hex string. An Ethereum address will not receive EOS. The EOS token that sat on Ethereum for the sale was the claim you registered. It is not a second coin you can still redeem. The wrong network is still the wrong city. Nothing here is an instruction to vote, to stake, or to buy EOS.
