🚨 EOS Mainnet Launch 🚨 What to Expect and Hopefully What Not
EOS is just a few hours away from launch, which honestly should be a huge day for the crypto world as the first major ICO is launched with a marketcap of over 10 billion dollars.
Most exchanges will be supporting the token swap but of course there is always risk that exchange screws it up instead of controlling it yourself. Some of the major ones are Exodus and Binance. Be sure your tokens are registered as well I posted about it here - https://steemit.com/crypto/@bitcoinflood/do-you-own-eos-then-you-need-to-take-action-now
While the rollout should be nice and easy such as exchanges and EOS taking snapshots of the ERC20 tokens to credit them on the new system it really is anyone's guess what might happen. Nothing has been done on this scale before, bugs could come up that where unforeseen, security issues someone found but did not report as they would want to take advantage of it during the confusion of launch and any number of other issues could happen.
Clones of the main net could also happen at launch which will put keys and confusion of where to transfer and deposit your eos for everyday customers to us. Using the wrong one will open your keys up for attack.
For me im playing it safe and leaving my tokens where they are and registered. I wont be moving them till things are tested and good to go or the price gets so high that its a no brainer to sell lol.
What are you thoughts about the upcoming launch?
*Image pulled from https://cryptolinenews.com/2018/05/08/eos-price-continues-to-increase/
Aloy of people have been waiting for EOS lunch and am sure its going to bring more positivism into the crypto world. And alot of money, in billions of dollars is what we are talking about here, so its good
Im excited EOS is going to change the world. Great day for crypto!!
Hey @bitcoinflood. I know this is unrelated but wanted to say thanks I got approved through your invite for the whitelist. 😁Thank you again. And ill leave a comment about your content too: I've been hearing s lot of EOS. I dont own any. Seems like a good idea to trade for some right about now right?
Long term hodler on this one ! Yes it's possible price will dump and then rebound, but also not certain and prices could also gain at any time.
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