ETHOS is the cryptocurrency previously known as Voyager, created by one of the co-founders of Uber and executives of E*TRADE.
What Is ETHOS?
ETHOS is the cryptocurrency previously known as Voyager, created by one of the co-founders of Uber and executives of E*TRADE. It powers the Ethos ecosystem as a functional token that rewards users within the crypto broker network. With ETHOS, customers can trade crypto assets, earn interest with no lock-ups, limits, or commissions. The token also generates interest when held on the app.
ETHOS is generally used to stimulate community building and create value through a dynamic reward and fee system. As trading activity on the platform increases, ETHOS can be used to balance individual portfolios and act as the transfer mechanism on the platform’s liquidity pool, allowing users to quickly and easily switch between different currencies using the native token.
Pros and Cons of ETHOS
Advantages of ETHOS
Ethos is a platform that aims to democratize the world of cryptocurrency. ETHOS token is a people-powered asset that has a value beyond just being a traded cryptocurrency that adds a certain substance to it. ETHOS is likely to increase its longevity and stability in the market. ETHOS eliminates the extra step of buying BTC or ETH and converting it to other cryptos since you can purchase ETHOS with your local currency. It currently holds a place within the top-200 crypto and is endorsed by Binance.
Disadvantages of ETHOS
ETHOS is available on just a few exchanges. Not every user, especially novices, might know about the token due to its rebranding. It is also not the first time in the history of this crypto when it changes its name, as it was previously known as Bitquence.