Everipedia has announced via their Telegram that the Everipedia IQ token airdrop for EOS holders which was previously going to be released in late February/early March will now be delayed until June 15th for legal reasons. Here is the full announcement:
Hi everyone,
Big updates, so here they are.
We are officially announcing the airdrop snapshot method as the EOS genesis snapshot tool for initial token balances. In the off chance that there is not an EOS mainnet or accepted genesis balance snapshot by June 15th 23:59:59 UTC, we will take the snapshot of registered token balances ourselves, otherwise we will adhere to the mainnet genesis snapshot for balances of EOS to airdrop to. This is the official and final decision. This essentially means that our intent is to airdrop IQ tokens on the allocation of EOS balances from the snapshot of EOS mainnet itself. We realize that this is later than the March dates we were floating around. It's important for us to be transparent and clear what details led us to conclude this date. Firstly, this was a decision that we decided after regulatory talks with our counsel. Believe it or not, even giving something out to the community for free and not soliciting any sale, can still run afoul of US securities laws. I know...that doesn't make any sense to me either, but this is what we were told and advised. We are planning on having the Everipedia Network live shortly after the EOS mainnet is released so it should not be a problem to have IQ tokens after the completed network is live because IQ tokens would have no claim of being securities since they would be complete utility tokens.Further details about the % of tokens that will be airdropped, the ratio of IQ:EOS, and total circulating supply will be forthcoming soon now that the main legal and logistical dates have been concluded. The ratio will likely be more than 1 IQ token per EOS because the number of airdropped IQ tokens will be more than 1B. As a reminder, we will NEVER ask you for private keys/access to any funds or solicitations to buy anything or take part in any surprise giveaway or anything of this sort. Again...we will NEVER do any of these things. Please do not fall for anything. IN FACT, WE DO NOT EVEN ASK YOU FOR YOUR PUBLIC KEY. SO DO NOT GIVE US ANYTHING!! There are countless scam attempts and part of the reason we went with this method of the airdrop is because it will dramatically lower the chances of large scale scams of any kind. But still, we cannot prevent people from falling victim if they do not read information such as this.
Pros of this airdrop method: No overhead or any airdrop specific rules. If you have your EOS properly registered for the mainnet snapshotting (whichever snapshot ends up being socially considered the mainnet), it will be good for the airdrop. There is NO other rule to memorize or adhere to for IQ. You don't have to do any additional registrations, not a second EOS address, or do anything at all EXCEPT make sure your EOS are properly accounted for for the genesis snapshot (so please make sure you are fully adhering to block.one's rules for that). If you follow EOS.IO guidelines and you get your EOS to show up on the genesis snapshot process, you have IQ allocated to your EOS address at a fixed ratio of IQ per EOS. Again, one last time: We do NOT have any specific rules for IQ being credited to you other than making sure your EOS are properly credited to yourself in June through the EOS snapshot process. This is truly as painless as we could have possibly made it. Lastly, should there be multiple competing EOS mainnets in June or other unforeseen situations, this distribution method should give complete flexibility in which network to choose from since the genesis snapshot process is a mandatory process for any EOS network launch. In such a scenario, there could likely be a community vote for picking a network should such a situation arise.
Another pro of this method: Every EOS that is purchased right now and WILL BE purchased until June is now entitled to IQ tokens. Before this set up, only EOS circulating before the snapshot date could technically receive IQ. Now it is any and all EOS tokens.
Cons: IQ tokens will not be distributed until June meaning that the wait is longer. :( We will have to use a proxy for token holders.
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