EOS rocks.
And I'm obviously not the only one to think so.
But if you're new to it, there are some things you need to know. Currently, EOS is still in its ICO (Initial Coin Offering) phase. And the ICO is built on ERC20 tokens. These are Ethereum-based tokens, for those of you who don't know.
On June 2, these tokens are due to be replaced by the real EOS tokens. The blockchain tokens actually built to support the EOS operating system which will revolutionise, well potentially everything.
So what you need to know #1 is that you need to put your EOS in a registrable location, and register them. There are a number of steemit articles around showing how (just search 'register eos'). EXODUS also makes it super easy, I'm told.
Don't forget to do this. If you don't, you will wake up on June 2 and your tokens will be worthless. Seriously. Absolutely worthless. Don't forget to do this. Do it now!
What you need to know #2 is that Everything changes after launch, and we, as token holders will have responsibilities to help ensure the launch goes well (and, in case you're thinking of skipping this part) that our new EOS tokens maintain (and hopefully exponentially increase) their value. Don't panic. There will be oodles of info on how to do it.
But I do suggest, if you are thinking of HODLering your tokens beyond launch date, that you educate yourself a bit about what's going on and what to expect.
Thankfully, there are a couple of awesome You Tube channels set up to assist. I thoroughly recommend you check out:
Eos Go: https://www.youtube.com/channel/UC0fwWI2RBBtEIYIP6fH68XQ
The Cryptoverse: https://www.youtube.com/channel/UCLnQ34ZBSjy2JQjeRudFEDw
Both are fantastic sources of information. Get into it. You'll discover why EOS is so good, and has all the potential to be incredibly awesome.
And don't forget to have fun.
Picture courtesy of pixabay.com
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Great post. And I have to admit - I'm having a hard time deciding how much to average out on EOS and how much to hodl. Given the volatility though, I'm going to have to realize some profits I think
Seems like your timing was impeccable with the drop in EOS today. Would have been nice for you to have exited at the time of your post! =)
HODL for me!
I’m a HODLer on EOS
Mostly - well partly anyways - cause I can’t figure out when to exit 🙃
Oohhhh thanks for the headsup. I DIDNT know I had to register my EOS tokens! I can't wait especially hearing that there is another social platform, ONO also going to be based on EOS Blockchain, it's exciting!
Sure is - glad I could help. And don't forget!
🙃
Oh I got mine from Binance, and I heard that Binance will help with the registrations of ERC20 EOS Tokens, so I think I'm all good :D any idea on this?
Not sure
Check with their support people?
Right found it!
Great post. I wanted to note that your post mentions early July but then correctly refers to June 2.
It is a very exciting time for EOS HODLers like us. The momentum appears to be building with the ICO contributions going off the charts the past two days at 55k+ ETH which is nearly 10k higher than any previous days.
Thanks for the correction - I've updated the post.
So excited! 🙃
I also didn't know that I need to register the EOS Tokens! Thank you @drwom. Checking it right now.
Nice one!
Sounds like a lot of people will loose their money on this. The problem with many cryptocurrencies is that they think people care about THE cryptocurrency enough to find out what it is about. They don't. They will just invest in the hopes of making money. And if something like having to register your already bought tokens of another blockchain to activate another blockchain at a later date happens, well... the result will be devastating. But I suppose it is good that at least some one is shouting from the rooftops. :)
I hope not too many
That’s why the post I guess
I’d hate for people to loose faith ‘cause they get burned
Hey Doc. Thanks for the video links. Added them to my rotation of crypto vids to watch.
I can vouch for the Exodus 1 click registration. It really is that easy.
2018 and beyond is gonna be a good time to HODL EOS.
Yeah man
HODL HODL HODL!!!
Glad we got in early 🙃
Outstanding post and amazing photos. Thank you for sharing
You're on the @abusereports naughty list! Bad Steemian!