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The active distribution of a token belonging to a lottery service took the first position as a major Ethereum gas burner.
An intelligent contract belonging to a lottery and betting mechanism based on Ethereum has detected the Ethereum gas station on Friday. The sudden activity has aroused interest, since in the last few days some of the ERC-20 token transactions appeared to be unexplained spam. This time, however, the transactions fall within the normal speed range and gas prices have indeed been lowered, to 3.1 GWei from 9 GWei, for faster transactions.
In the most significant congestion days, a single smart contract could consume up to 40% of the gas on the Ethereum network. For some smart tokens and contracts, there was no explanation other than intentional network spam. The community is still very cautious about possible spam attacks and the ease of freezing legitimate transactions:
https://twitter.com/OneStrongCrypto/status/1025030969311604737
MOSCoin, or MOS, it is also undergoing mass promotion on social media, as the project is undergoing a symbolic sale. However, the MOS Lottery is not included in the Dapp Radar among other gaming and betting apps.
Starting at 11:00 UTC, the MOS token occupied more than 15.76% of the gas on the Ethereum service station, in line with the token distribution behavior or an airdrop. The gas acquisition rate continued to rise, reaching approximately 19.71% at the time of publication.
The token is not yet listed on the stock exchange, and is instrumental in the purchase of tickets and betting. The MOS Lottery project also aims to allow bets on equity events and to host lottery games. However, the project is much less known than Augur (REP), which offers bets of similar results, but with a much higher profile than its ICO, as well as a longer development period.
The Ethereum network remains extremely active, with a usual level of over 700,000 transactions in 24 hours. According to Blocktivity, the Ethereum blockchain made 762,564 transactions in the last 24 hours, although the absolute peak was more than 1.23 million transactions. The Ethereum transactions increased their pace permanently in 2018, with the acceleration of the airdrop trend. Several factors make it difficult to define when congestion is due to organic purposes and when it comes to a form of spam. In the days and periods of congestion, the number of Ethereum transactions decreases, as the flights and token events can be canceled and users delay their transactions.
However, the price of ETH remained depressed, threatening to dig below $ 400, returning to last summer's levels. Now, ETH has recovered to $ 410.95, and is still one of the most traded currencies, but there have been no bullish bids in the price, and indeed ETH has had significantly lower returns than BTC in the last 12 months .
Neither the author nor the publisher assume any responsibility for any investments, profits or losses resulting from such information. Trading and investments in cryptocurrency are risky propositions and market participants are advised to always conduct in-depth research.
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