EOS Token Holders Have Until June 1st To Register Their Holdings
New beginnings are on the horizon for the blockchain world. The EOS blockchain is getting ready to leave Ethereums network to launch their own main network. EOS token holders have been advised to register their holdings by June 1st and swap Ethereums address to a new EOS address in order to claim their holdings. If the token is in your wallet and is unregistered with BlockOne, then users will not get the new EOS tokens, resulting in not being able to trade EOS and a possible freeze of your EOS account.
EOS is under the ERC20 token standard, using the Ethereum network to power their smart contracts and network. Their vision of creating a platform to develop and deploy decentralized applications, token sales, and more is slowly becoming a reality. After months of development and an ongoing $4 billion ICO, EOS is ready to launch their own network.
For newcomers, the swap process might sound confusing, and it can take a while to begin trading within the new network. luckily major exchanges like Huobi and Exodus are here to help you perform the swap safely.
Huobi is allowing users to just hold their EOS tokens in their platform, and they will automatically swap their holdings to a new EOS address. As the swap happens, withdrawals will be suspended until the main network is completed. As a reward, Huobi is offering $200,000 worth of HT proportional to the amount of EOS tokens collectively held in Huobi Pro. Also, Houbi Tokens will be airdropped to people who hold EOS on their platform to definitely look into that. More information about the future swap can be found at the upcoming Huobi Talk, May 31st at 12pm (GMT +8).
How well do you think EOS will perform after their main network launch?
*Disclaimer- the EOS main network has been having some bugs, and the main network can be delayed for some time. Please do your own due diligence and research before investing in EOS or any cryptocurrency.