The launch of the EOS MainNet's getting close, members of the public are urged to make sure their address registered to allow for a smooth transition to ERC20 Ethereum platform ecosystem to EOS new and independent. Initial enrollment means you will not get caught on the deadline for registration is June 1.
Registration token ERC20 EOS you ensure that You will be issued with a new token that runs on blockchain EOS. However, if your token was detained in Binance, you need not worry because the Exchange handles the technical aspects of the swap.
Why EOS Token Swapping?
EOS has been driving the Ethereum ecosystem so that it becomes the token ERC20, EOS has the original blockchain, the token on the Ethereum will permanently frozen.
This move may affect the many holders of the EOS does not keep track of what's happening around blockchain. Those who are new to the market which holds the crypto EOS may have a hard time to verify the addresses of their token.
With a lack of awareness about the launch of the new EOS outfits, it is not clear how it will impact on the community and the whole landscape cryptocurrency. He's EOS token you hold now is ERC20 and they are currently stored and shipped at the Ethereum. The launch of the EOS MainNet means clothing new EOS will not rely on the Ethereum.
Simply put, EOS address swap need get Your token address from Ethereum EOS blockchain EOS blockchain to a new one. But the procedure has not yet been clarified but the token needs to be credited to the EOS ERC20 EOS MainNet address you. If your address does not exist on the new platform, you will lose your token forever.
Details about the EOS Launch MainNet
Communities have been warned that if they did not register their address, token EOS will be worthless. Registered address means that your wallet can receive and send the coins and this simple way to show it is still active.
The distribution ratio will be at token 1:1 according to the token that you hold at the Ethereum's ecosystem. If you registered before 1 June, the transition should be seamless. The developers of EOS, Block One work on the platform where one can launch their blockchain and this makes it necessary to swap tokens because EOS will be separated from Ethereum.
The popularity of EOS (EOS) as well as with the development of DApp
With the EOS is still at beta stage, there is an increasing interest from developers who have already launched their projects on the ecosystem. Some of the successful projects currently include eosCoffee, eosDAC, and Evolution.
With the growing concerns over the vulnerability of smart contracts at the Ethereum, do it yourself for the EOS is the only way the platform can actualize her full potential to the future. However, to the newly created blockchain for developing KYC and other regulatory requirements must be met.
The role of the Exchange in the launch of the EOS (EOS) MainNet
There are several exchanges including Binance that handles the exchange of tokens on behalf of its users. Holders of EOS are advised to check with their respective exchanges and make sure they handle the technical stuff. If not, they must do the registration yourself.
Storage of funds on the Exchange, according to the EOS press statement is not recommended because it does not give you full control over your keys and may hinder the exchange of tokens. Binance, Kraken and Bitfinex supports the Exchange and would undermine all token token to the new EOS ERC20.
When EOS MainNet be Live?
The creation of the EOS MainNet has not been confirmed, but for the interim, estimates it will take place on June 3. Currently, there are double spending concerns and the team behind has convinced the public that this will not happen.
At the time of writing, there are many concerns that emerged at the launch of the EOS MainNet and more announcements about the details of the anticipated better within a few days ahead. Address verification will save Your EON and portfolio is crucial.