EOS Token Swap – June 2nd 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 ran 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 (available on Coinbase) network and are considered ERC20 tokens. After June 1st, these ERC20 EOS tokens will be frozen on the Ethereum (available on Coinbase) 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 (available on Coinbase) blockchain.”

There is a large group of individuals new to the cryptocurrency market that are unaware of this. If that’s you, you’ve come to the right place.

First and foremost you will need a MyETHerWallet. To set up a MyETHerWallet, you can do so here.

If you already have one, I will explain how to register your EOS once it’s transferred from your exchange to your wallet, from either your MEW or MetaMask. If you use the Exodus Wallet, I won’t be going into details with this, but you can find the official tutorial here.