New token sale for blockchain-based currency EOS to launch on Monday

Blockchain, a distributed ledger that came to prominence as the underlying technology behind digital currency bitcoin, is gaining popularity.

NEW YORK: Block.one will launch the sale of a new blockchain-based digital currency or token called EOS on Monday, the tech company said on Thursday. 

The sale is the latest capital-raising exercise by a technology startup creating its own digital currency and selling tokens to the public, a practice that has no regulatory oversight.