EOS, a software solution that enables apps to scale accordingly to user activity. It features an operating system that can be used to create these versatile applications. EOS helps developers with the accounts, databases, and processing power management.
The EOS tokens are based on the Ethereum Platform and are being distributed through a process that ends on May 2018. The money raised will be used for the development of the EOS Platform, but the company's involvement ends there. The tokens generated have no actual use, purpose, or functionality, as reflected on their FAQ page.
Using EOS, companies, and individuals can create decentralized applications that can support millions of transactions per second, without any associated fees for the users. They have prepared a technical white paper which contains all of the information available for their project.
Official Website: https://eos.io