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The EOS Network that launched during the 2018 initial coin offering boom has rebranded to Vaulta as part of its pivot to focus on Web3 banking.
In a March 18 statement, the company said that the switch to Valuta is scheduled for the end of May. The rebranding will include a new token. An advisory group known as the Vaulta Banking Advisory Council will also be established to help the firm move in its new direction.
EOS Token To Transition To The Vaulta Token
In another statement, the company said that the network’s native EOS token will transition to the Vaulta Token. Although the new crypto’s ticker details and technical details will only be disclosed at a later date, the team did say that the new token will be available on the nearly 140 exchanges where EOS currently trades.
Investors will be able to exchange their EOS tokens for the new Vaulta Token through a swap portal that will be made available in May.
A New Era of Finance Begins.
After years of building the foundations behind the scenes, we’re excited to introduce Vaulta next frontier of finance Web3 Banking 🏦
With cryptocurrency’s rising popularity, clearer regulations, & growing demand for innovative financial products,… pic.twitter.com/6TLlHR7MCa
— EOS Network (@EOSNetworkFDN) March 18, 2025
The EOS network’s blockchain infrastructure will also be inherited by Vaulta.
EOS Price Surges After Rebranding Announcement
Following its launch, EOS was a top 10 project. However, its price has since been on a gradual decline. Along with the decrease in price, the crypto has also dropped in the market rankings. CoinMarketCap data shows that the altcoin is currently ranked as the 68th largest crypto by market cap, with its total capitalization standing at more than $948.85 million.
Opinions on what went wrong with the project vary. Some who volunteered to assist in developing the network said there was a lack of support and direction for the project.
Since its launch, the crypto’s price has dropped over 40%. However, investors and traders reacted positively to the rebranding announcement. EOS subsequently surged more than 24% in the last 24 hours to trade at $0.6109 as of 8:30 a.m. EST.
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