EOS holders have to register Ethereum-addresses – Block.one

Posted 30 May, 2018

With the upcoming launch of the main EOS network, the management of the Block.one project stated that all holders of ERC-20 EOS tokens would have to pass registration of Ethereum-addresses by June 2. This move is said to secure smooth conversion of the old tokes into new ones after the main network comes on stream.

The company has reportedly provided all requierd instructions on the website of the project in the section – EOS Toke Distribution.

"EOS Token (ERC-20) holders are reminded to check the token distribution section of the EOSIO website for details on how complete the important process to register their Ethereum addresses prior to June 2, 2018, at 21:59:59 UTC. Registration allows addresses and associated balances to be identified after the release of EOSIO v1.0," the statement reads.

The conversion will be supported by such leading platforms as Bitfinex, Bithumb, Binance, Kucoin and Kraken. The tokens will be converted without the need for users' presence.

At the same time, the organizer of EOS Atlanta some time ago noted that token holders could face certain risks coming from the exchange platforms. He said that EOS migration to its own blockchain could be more complicated than expected, considering possible network branching. As a result, this can summon several EOS chains at once, and the trading platforms, being mostly centralized, can support different chains depending on the political targets. In this context, he is sure that it is quite risky to keep EOS tokens on the exchanges and unregistered wallets.

Previous story

30 May, 2018 12:09

← Ethereum Classic records effective hardfork

Ethereum Classic developers have reported successful network update at the 5900000 block and thus eliminated a difficulty bomb. The exact amount of updated nods is unknown as it is hard to determine it, though the project team said that they had got update notification from the majority of blocks and mining pools before the network upgrade.

Ethereum Classic records effective hardfork

Next story

29 May, 2018 16:03

Seoul can consider repeal of ICO ban →

Seoul can revise its decision on the ICO ban driven by the official recommendation from the special committee on the fourth industrial revolution under the National Assembly. The committee stated that the government disregarded its responsibilities in the blockchain area and urged to consider the proposal of protection policy for the investors in the ICO market. 

Seoul can consider repeal of ICO ban
Write a comment
 
Prove you’re not a bot + 12 = 21