Loads of people think they hold EOS and not a representative token so won’t bother (or don’t know) that they have to resister these onto the new blockchain.
Loads of EOS tokens will be lost when the blockchain goes live, reducing the supply, which could further lift the price.
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Dan has a plan to allow EOS token holders late registration. No tokens will be lost.
That makes a lot of sense... It should be like that! It would be very much appreciated if @dan himself confirms it with a reply here!!!
I think we are happy for that.. or we ? :) @dan @iamra8 @peaches88 @liondani
Many people who have bought are late comers to crypto. They have bought because they see it going up. They will have no idea how to register, even with guides like those produced on here. Ethereum has a more simplistic presale and the majority of buyers were crypto literate. This is a different time and different t people hold the coins!
Any EOS tokens purchased directly through the crowdsale (eos.io) website will need to be registered. EOS token bought on an exchange don't need to be registered???
My understanding is that you need to have the Ether address that holds the coins at the time of the snapshot, around 23 hours after the crowd sale ends if I recall, registered. There are instructions on eos.io.
Alternatively I expect any coins sitting on a reputable exchange will be converted for you.
It would be amazing if the OPEN.EOS sitting in a Bitshares account would automatically convert. Can anyone confirm that?
I would hope so but I don't really use Bitshares very much. So maybe someone with more knowledge can chime in.
Okay I will check it out on eos.io thanks.
EOS Tokens purchased on an exchange do need to be registered. Mine are registered. You need to use MEW or Metamask. I put mine in MEW then registered my wallet. You need ETH to register your wallet. Actually my BF did it for me but I think that's how it was done.
Okay cool thanks I have done it now with Metamask thank you.
I believe that you need to register both the ones you purchased through the crowd sale and ones traded for on an exchange.
Okay cool thanks.
That is awesome, I think the ico proces was too difficult for 95% of the people.. So a late registration process would be great
I sure hope there's a way around that. It would be a huge PR hit for EOS if a bunch of people don't get their tokens.
They have done their fair share of effort to ensure this fact is known.
Thank you very much for this, I bought EOS a while ago and never even heard of this, shame on me, I have just followed MyEtherWallet registration and sent my EOS tokens bought from Bitfinex to that wallet. You saved my day, here's 100%
Great point, I think it could lift the price indeed.
Is anyone planning to sell in June, and then buy back later without having to register?
What do you mean by register onto the new blockchain and how to do it I am holding a lot of EOS and I don't want to lose them?
https://steemit.com/eos/@malexanders/how-to-register-eos-tokens-easily
Okay cool thank you very much @solisrex :)
Here are some different methods
Does anybody know about holding the representative tokens on either Exodus or BitShares? The BitShares exchange says the following:
But I am wondering if people feel comfortable with that or what they suppose is the most secure way to guarantee proper delivery of the actual token.
Exodus, afaik, doesn't deal in any kind of representative tokens... it's holding the actual token. But I note that Exodus is a closed source wallet, so how comfortable are you with trusting it with your coins? (Fwiw, I use and like Exodus, but I don't trust it for long-term/bulk storage; really wish it were open source)
The counterparty risk on OPEN.EOS is not significantly different from the risk in depositing your tokens to Binance or any other centralized exchange: you're trading your actual coins, controlled by your keys, for an IOU. On centralized exchanges, the IOU is just a number on a website; on BitShares/OpenLedger, the IOU is itself a cryptocurrency. Technically you're a bit better off with OPEN.EOS than with centralized exchanges, since the IOU is itself secured by blockchain technology rather than web technology.
Now hopefully you're not holding tokens on exchanges long-term, so holding OPEN.EOS long-term is like trusting a centralized exchange with your balance. That's not ideal, so you may want to withdraw the OPEN.EOS to real EOS as soon as you're done trading and want to hold.
Bitshares is a decentralized exchange.
Yes, and open.eos is a user issued asset on that exchange, meaning someone else is holding the real coins for you.
Don't risk it. There may ultimately be many EOS.IO blockchains created. Having your own keys in your own possession is critical. Think about all those BTC forks that various exchanges decided not to support...
Binance registration is open
Signup Link
When will Eos blockchain will go live, I am holding EOS in binance will it automatically get converted or I have to register these onto new blockcahin.
EOS goes live in June I believe. I have no idea if binnance will convert for you but I certainly wouldn’t hold anything on an exchange. They are for exchanging and should not be used as a wallet unless you are happy to lose your coins/ tokens. If you don’t control the private keys you don’t really own the asset.