The purpose of this article is to drive awareness within the community that there are still many unknowns surrounding the future of the EOS network. The most important takeaway, however, is to REGISTER YOUR EOS ADDRESS (click here for instructions) so you don’t miss out on what may come.

Before we go any further, let it be clear: failing to register your address could likely result in the loss of all funds held in EOS.

We’ve also been receiving many questions about the EOS blockchain launch, and exactly what you will need to do to be prepared on June 2nd at 21:59:59 UTC. https://block.one/news/important-notice-for-address-registration/

We do not know the answers to all of these questions. There is a lack of clarity as to what exactly will occur on launch day, and who will initiate the launch of one or more EOS blockchains. Therefore, this will be a living article, and we will be updating it consistently over the next week and a half as more information is made available to us.

At Exodus, we care not only about our community — but the crypto community as a whole. The last thing we want to see is people lose their investment because they forgot to REGISTER THEIR EOS ADDRESS.

Why Do I Need To Register?

The EOS tokens you currently hold in your Ethereum address are ERC-20 tokens, which means that they are held and sent along the Ethereum blockchain. This is why your Ethereum and EOS receiving addresses are currently identical. However, the EOS community will soon be launching their own blockchain known as the EOS Mainnet.

The EOS Mainnet blockchain will be completely separate from the Ethereum blockchain.

You might be wondering how you will get your current EOS tokens from where they are in your Ethereum address on the Ethereum blockchain into your EOS address onto the EOS blockchain. While the exact method for how this swap will happen is still unclear, what is clear is that the EOS blockchain will be able to credit your EOS ERC-20 tokens for EOS Mainnet assets, but only if you hold your EOS ERC-20 tokens on a registered Ethereum address.

It is best to think of your current EOS ERC-20 tokens you can see in your Exodus wallet as vouchers. For every one EOS ERC-20 token you currently hold in your Ethereum address, the EOS blockchain will credit one EOS Mainnet coin to your EOS Mainnet address.

Remember that every blockchain address, including your current Ethereum address, has both a public key and private key. The public key is the address that you share with people when you would like them to pay you and copy/paste when you want to send funds from another wallet or exchange. The private key is what allows the blockchain to verify that it is indeed you who owns your blockchain address, and you can think of it as the key which allows you to unlock your funds and send them wherever you may like!

What Are Private Keys?

Please take note: In Exodus, you control your private keys, so we have no way of doing this registration for you. See more here: https://www.exodus.io/terms

The EOS blockchain will use public and private key pairs for all EOS addresses, just like any other blockchain, when it is launched on June 2nd.

You may be wondering where you get an EOS Mainnet address, and this is exactly why you need to register your Ethereum wallet before June 2nd! When you register your Ethereum wallet in Exodus, your wallet automatically generates this EOS Mainnet public key/private key pair and assigns it to your Ethereum wallet address. This EOS address will be attached to your Ethereum address, and any EOS ERC-20 tokens you send to your Ethereum address from there on out will be linked to the EOS address.