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EOS Blockchain (Mainnet Boot) Upgrade and Token Migration: Everything You Need to Know



This article hopefully answers all questions about the EOS Blockchain upgrade (eg, Mainnet launch) and token migration.

What is Token Registration? About?

Let's say you already have some EOS tokens. You may have received them through the ICO token distribution, bought them on a central stock exchange, or obtained them on a decentralized stock exchange as part of a token swap. It does not matter how you got it. The point is that these EOS tokens are sitting in a kind of wallet.

According to the EOS.IO FAQ, "EOS tokens are ERC-20 compliant tokens distributed on the Ethereum Blockchain under a similar ERC-20 smart contract."

Translation: All EOS Tokens that you have now do not exist on a native EOS blockchain, but on the Ethereum Blockchain. This explains why your Ethereum and EOS receive addresses are currently identical.

Also, "EOS tokens" are fixed within 23 hours of the end of the final EOS token distribution period that occurs on the Ethereum Blockchain (non-transferable) June 1

, 2018 at 22:59: 59 UTC At this point, the EOS token distribution process will be completed and anyone who wants to start an EOS platform with the EOS.IO software can create a JSON file mapping EOS Public Keys to the solid balance sheets of EOS tokens from the state of Ethereum Blockchain.

Translation: If the EOS tokens you now have in your Ethereum wallet have not been registered Until the cut-off date (June 1, 2018 22:59:59 UTC / GMT), your EOS tokens are not part of the Snapshots that are created shortly after this deadline, and if your EOS tokens are not in this snapshot, they can not exist either, Why? After block.one releases EOS.IO 1.0 on June 2, 2018, each one will Entity that decides to launch an EOS platform that uses the EOS.IO software, take a look at this snapshot to decide who should receive its own variant via "airdrops" EOS "Coins."

Though we theoretically on June 2, 2018 or shortly thereafter, receive multiple EOS blockchains, it is more likely that the EOS community will choose a blockchain as the winner, and that there will only be one major EOS blockchain known as "EOS Mainnet." 19659004] We have previously mentioned that it is important that You register EOS tokens before the deadline. However, it would be more accurate to say that it is not the individual EOS tokens that need to be registered, but the Ethereum Main Network Address where your EOS tokens are located. And what happens when the EOS mainnet is started: An EOS Mainnet coin is credited to your EOS main network address for each EOS token of your main Ethereum network address.

Or to put it another way, EOS Token Registration is the process by which your Ethereum Main Network Address, the public key of your Ethereum Wallet with your public key (native) address is linked. EOS wallet .

When the EOS Mainnet is started, it will go through the Ethereum Blockchain and search for the registered Ethereum addresses, and for each Ethereum address, indicate the appropriate number of EOS coins (with EOS coins) on one 1: 1 to the EOS tokens at a registered Ethereum address) to the EOS linked address of the EOS Blockchain.

Once the EOS snapshot is created, all (ERC-20) EOS tokens on the Ethereum Blockchain are frozen and you can no longer send or exchange them.

How do I register my EOS token [19659003WennIhreEOStokenAktuEllaAcryptoAustauschgehaltenwerdenderversprochenhatdasEOSblockchainUpgradeundTokenswap/MigrationzuunterstützenmüssenSienachdemStartdesEOS-HauptnetzesnichtsmehrtunumIhreEOS-MünzenzuerhaltenZumZeitpunktderDrucklegungsindhiereinigederBörsendieversprochenhabendenToken-SwapfürihreBenutzerzuhandhaben:

  • Bibox
  • Bina
  • Bitfinex
  • Bithumb
  • Kraken
  • Kucoin
  • Zebpay

And if your EOS tokens are held by another exchange, please contact them as soon as possible and find out if and how they want to take the token exchange.

Well, though it's certainly much easier for an Exchange to handle token registration for you, there are two possible issues:

  1. In the event of multiple EOS Blockchain launches, you may not be sure which version of your Exchange is supported will, and it is very unlikely that this will be the case The exchange will support all.
  2. It is possible (and most likely) that the swap does not support Dropdrops that use the snapshot.

If you opt for token registration, you must withdraw your EOS token from the Exchange and submit it to one of these Threre Ethereum Wallets: MetaMask (web based); MyEtherWallet (web-based); Exodus (desktop wallet available for Linux, Mac and Windows)

For MyEtherWallet, the YouTube channel "TruthBlitz Media" contains a nice video guide. But if you prefer a written guide, Sean Mitchell's (who works at block.one) is very good.

For Exodus, you can either use the excellent written guide provided on the Exodus website.

If you prefer a video guide, the YouTube channel "OINCADO" provides easy-to-follow video tutorials that show how token registration is done with MetaMask or Exodus.

Other Useful Information

Learn more about EOS In general, and especially the Blockchain upgrade, you may find some of the following resources useful:


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