To clarify, EOS erc20 Ethereum tokens will not be used on the EOS blockchain. They will be used as a reference to allocate EOS shares/coin on the EOS blockchain. i.e if you own 10 erc20 Ethereum token, you will own 10 EOS coins when the EOS blockchain is released. The EOS coins will be powering the EOS blockchain, not the erc20 Ethereum tokens after the crowd sale.
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yeah, that's as far as I understood as well