EOS Token Swap: Register Your EOS Coins Before They’re Frozen Forever

EOS Token Swap – June 1st is fast approaching; which means the deadline to register your ERC20 EOS tokens is drawing near. If you’ve traded for EOS tokens and currently hold them in your portfolio, you must register them with the EOS team to receive the new EOS tokens run on the EOS blockchain.

If you currently hold your coins on Binance, you won’t need to worry. The exchange announced a few months back they will handle all technical aspects of the token swap.

Currently, EOS tokens are running on the Ethereum network and are considered ERC20 tokens. After June 1st, these ERC20 EOS tokens will be frozen on the Ethereum platform indefinitely.

The official EOS website reads:

“Within 23 hours after the end of the final period on June 1, 2018, at 22:59:59 UTC, all EOS Tokens will become fixed (ie. frozen) and will become non-transferrable on the Ethereum blockchain.”