How To Register My Ethereum Wallet For Eos

On June two, EOS volition be transitioning from the Ethereum network to its own mainnet. While this is undoubtedly an heady time for the projection and its supporters, information technology too means EOS token holders volition need to make sure they annals their tokens so that they don't lose any holdings.

So, what practise you need to do for the EOS June token bandy and when? Let'southward take a closer look.

Acquire more Buy EOS

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Why do I demand to register my tokens?

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

The electric current EOS tokens will be frozen on the Ethereum blockchain before the launch of the mainnet. If you go on your EOS tokens in a wallet, then you'll demand to register your ETH address (where your current EOS tokens are held) to a public EOS key. The trouble is that EOS doesn't permit US residents to participate in the token distribution, so US holders won't exist allowed to annals their tokens.

If you keep your EOS tokens on an commutation, the procedure is slightly different. The exchange may support the token bandy and handle the process for you. If you agree your EOS tokens on an exchange, it's very important that you cheque what your exchange plans to exercise regarding the mainnet launch. Declining to exercise and then may result in the loss of your funds.

Once the mainnet has launched, a snapshot will exist 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 past?

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

How practice I register?

Considering EOS blocks token registration for US residents, there's only one fashion to annals your EOS tokens:

Motion your tokens to an exchange that supports the EOS token bandy.

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

Bitfinex
COBINHOOD
Kraken

Kucoin
OKX
GOPAX

Non-U.s. residents tin hold their EOS tokens in MetaMask, MyEtherWallet or Exodus, but they'll also need to register the wallet address on the eos.io website.

Where to purchase EOS

Prepare for the token registration before June ane to ensure that you 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 across 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 Television soap operas. When he's not staring at his computer, you can usually find him exploring the great outdoors.

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