Is My Eos Address Registered

On June 2, EOS will exist transitioning from the Ethereum network to its own mainnet. While this is undoubtedly an exciting time for the project and its supporters, it also means EOS token holders volition need to make sure they register their tokens so that they don't lose whatsoever holdings.

And so, what exercise y'all need to do for the EOS June token swap and when? Permit's take a closer look.

Acquire more Buy EOS

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Why practise I demand to register my tokens?

The EOS tokens currently in circulation are ERC20 tokens on the Ethereum network. Still, in one case EOS switches over from the Ethereum blockchain to its ain mainnet in June, these tokens will be replaced with EOS coins issued on the EOS network.

The current EOS tokens will exist frozen on the Ethereum blockchain earlier the launch of the mainnet. If y'all continue your EOS tokens in a wallet, then y'all'll demand to register your ETH accost (where your current EOS tokens are held) to a public EOS key. The trouble is that EOS doesn't allow United states residents to participate in the token distribution, and so Us holders won't be allowed to annals their tokens.

If you proceed your EOS tokens on an exchange, the process is slightly different. The exchange may back up the token swap and handle the process for you. If you lot agree your EOS tokens on an exchange, it's very of import that you check what your exchange plans to do regarding the mainnet launch. Failing to do so may result in the loss of your funds.

Once the mainnet has launched, a snapshot will be taken of the EOS holdings in all registered wallet addresses and used to make up one's mind the distribution of new EOS tokens.

When do I need to register by?

EOS holders must register their tokens by June 1, 2018. Within 23 hours of the final token distribution period on June i, 2018, at 22:59:59 UTC, all EOS tokens volition become fixed (ie, frozen) and will become non-transferrable on the Ethereum blockchain.

How do I annals?

Because EOS blocks token registration for US residents, there'southward only one way to register your EOS tokens:

Move your tokens to an substitution that supports the EOS token swap.

Many cryptocurrency exchanges have already appear that they'll back up the token swap. If you deposit your tokens into your account with one of those platforms, the exchange will look after the technical requirements of completing the registration. The following are some of the exchanges that accept said they will support the swap:

Bitfinex
COBINHOOD
Kraken

Kucoin
OKX
GOPAX

Not-Us residents can hold their EOS tokens in MetaMask, MyEtherWallet or Exodus, but they'll besides need to register the wallet address on the eos.io website.

Where to buy EOS

Gear up for the token registration earlier June 1 to ensure that y'all don't miss out on the token swap.

At the time of this writing, the author holds IOTA and XLM.

Tim Falk is a freelance writer for Finder, writing beyond a various range of topics. Over the course of his 15-year writing career, Tim has reported on everything from travel and personal finance to pets and TV lather operas. When he'south non staring at his computer, you can usually find him exploring the great outdoors.

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