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RE: EOS Target $3.22 + Analysis Update + Live Real Time Laddering Example...You Don't Want to Miss This!!
Essentially it's a base platform for developers to use to create Dapps but with much better performance than ETH. The token itself COULD be used to buy or sell things, but vimukthi explains that in his reply. Technically, ANY crypto, or really anything could be used to barter and trade with.