Topic: EOS token to expire in June (Read 174 times)

This isn't that huge deal as you portrayed. If you care enough about your investment, you can do swap yourself. Yeah it will be really bad for people forgetting coins (and im sure there will be some people forgetting) only.

Binance is already post a tweet, that they will support EOS MainNet Token Swap. Instructions will be announced some time later.

you just have to go to their site and follow the instructions to get in on the snapshot

Hello my dear friend. in the rapidly developing world of blockchain, now everyone is trying to earn a lot of money. Therefore, all who are not too lazy to issue their tokens and try to sell them

If you read the information on the EOS website that they give you when you go to take part in their ICO it already explained that the tokens you are purchaing now would need to be transferred to the EOS system when it launches. I guess the only people oblivious to that would be those that puchased direct from exchanges.

You should always perfor some amount of research or due dilligence before any investment so if you did nothing you only have yourself to blame.

You clearly do not understand anything about Dan's decisions in regards to Bitshares or Steem. You should watch more of his interviews to understand why he is not involved in those projects. To recap, and don't take my word for it as I may not be accurate to the T but:

Bitshares was abandoned because 1) it was too complicated to market to the general public (which is what Dan aims to do to make the biggest impact) and 2) the project is completely decentralized and funding comes from proposals put forward and agreed upon by a group of elected individuals - who at the time did not want to fund any further improvements for Bitshares, leaving Dan to work without any funding - and who in their right mind will work for free, tell me?

Steem was abandoned because (from my understanding) the blockchain has reached maturity and there was not a whole lot left to do on it other than pass it on to the community to take governance of itself. You have to put yourself in a developer's shoes whose goal is not to govern but to build and delegate to others to govern. It's a free world to do as you please so why would anyone want to stay around a perfectly working product if they could put their energy elsewhere - beyond a simple social posting site like Steem. Dan has the talent and the vision to move beyond his initial projects, he has learned along the way and he put those lessons into practice with EOS. Funding was secured through VCs and the ICO aims to distribute tokens as widely as possible while funding development on the blockchain - this makes perfect sense. Dan is also probably holding a good portion of the tokens to keep himself occupied on improving a vastly more generic blockchain that can be applied to anything, not just a platfrom like Steem. He is already incentivized to make EOS the biggest blockchain to come and has no reason to leave. General purpose, stake in the business, and a broad vision for things to come would be enough for me to keep working on something. It's the whole reason he has stated over and over in regards to him not launching the main chain - he is the architect and community as a whole has to decide the future. He can focus on the tech - to provide a foundation for EOS to go far and wide while the community decides with their votes where EOS will go.

This is my understanding explained simply as possible without carrying on in greater detail. If you really want to see the real Dan, watch his interviews - there are many moments where you can see his true personality.

Sucks when your invested in so many different coins/ tokens and you have to keep track of stuff like this or you can easily lose your investment.

In fact, if you don't know how to change the new EOS tokens, so you can put all your EOS tokens in exchange, they will help you deal with, so you don't need to worry about this problem.

I'm sure that's what they are planning . It's when they switch over to the EOS blockchain that some people are expecting problems.

I read on steemit that Dan Larimer had a falling out of sorts with Ned & plans to launch a social media platform on the EOS blockchain when it's up and running.

It could be interesting, steemit is OK but there are a lot of things they could have done better so Dan will have the benefit of seeing where steemit could be inproved. If they fix the reward pool rape issues that the whales are abusing and make it more like facebook it could be a winner.

The risk should not be that big. Eos should simply swap the erc20 tokens for an eos encrypted currency, and not worry too much about the risk of private keys.

I heard that EOS will launch its own blockchain. So basically every holder needs to follow the procedure to get the proper result.
That's the risk when you holding a token. Token always depends on another blockchain.

That's the problem of investing in something before it's even made, such a stupid idea. Sad to hear that some people won't come across this news until it's too late and will end up with useless tokens.

I just came across an article on steemit about EOS tokens

In the article zoidsoft explains that come June 3 if you haven't taken steps to secure your keys and get the tokens off the ehterium system you will lose them.

https://steemit.com/eos/@zoidsoft/how-to-claim-your-eos-tokens-after-buying-on-bitshares-or-commit-suicide

That was news to me I had no idea that a token could just expire like that.

What do people here plan to do with their EOS tokens to preserve them?

Apologies if this has been covered somewhere else.