Ethos and why it will go to the moon

Ethos explained:

Ethos is a new platform designed to spread the everyday use of cryptocurrencies to the general public. Ethos really wants to create a people based economy service that makes the cryptocurrency market accessible and trustworthy to the average user, and to the new users. Ethos goal is accelerating adoption of blockchain technology, and democratizing ownership of both traditional and digital assets. Ethos used to be known as Bitquence and is now just a rebrand of the name. Ethos with ticker BQX on Binance Exchange.

Advantages of Ethos

Universal wallet An universal wallet that allows you to safely store and manage, and further monetize your crypto assets in one place while maintaining complete control of your private keys.

Secure key management – State of the art digital security and cold storage ensures that your assets are safe and under your control.

Liquidity network – Deposit, withdraw, send or exchange any of your assets instantly with maximum liquidity on the ETHOS Liquidity Network.

Mobile support – Manage and monitor your coins on the move. Mobile support is a priority for Ethos so that consumers can have access to their coins wherever they go. ETHOS will be free to send to any phone number, email or Ethos ID.

One-click diversification – Instantly diversify your holdings into several different currencies, diversifying risk and enabling customized exposure to the cryptocurrency market. Set the splits yourself or use pre-set baskets for idea generation.

Social trust ecosystem – Leverage the power of the crowd and invest smarter with rich community consensus features, ratings and reviews. Get rewarded for sharing valuable insights with others through Ethos Social.

Comparing the Ethos Wallet to other choices out there
Fiat and Diversification Layer – Users will be able to go seamlessly from depositing funds to diversifying across preset or custom baskets using the fiat and diversification layer. This system includes a unique legal structure with a fiat/diversification system whose capabilities are amplified by the Ethos liquidity network tokens.

How Does the Ethos Token (ETHOS) Work?

The Ethos ecosystem will have its own ETHOS token. That token is a functional token that can be used on the platform to access various features, incentivize community building and value creation through a dynamic reward system, and pay for fees. It’s the fuel of the ecosystem.

As ETHOS becomes more liquid over time, the token can also be used to rebalance individual portfolios. As trading activity on the platform increases, the platform will have its own ETHOS liquidity pool, allowing users to shift allocations between various currencies quickly and easily using ETHOS as a transfer mechanism.

With that in mind, ETHOS tokens will play the following roles on the Ethos platform:

Serve as a payment mechanism for accessing and using services on Ethos
Pay for transaction fees and API calls
Enable liquidity to help with changes in user asset allocations
Fuel a dynamic rewards and reputation system
Enable users to transact with each other

Resources:

Ethos website https://www.ethos.io/

Whitepaper http://www.ethos.io/Ethos_Whitepaper.pdf