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RE: Read this before your claim your EOS tokens

in #eos • 7 years ago (edited)

I personally decided to already claim my tokens. I sleep better since I know there are now inside my ETH wallet, safe. My EOS keys are already registered and pointing on my ETH wallet.
I did the whole process using Metamask. I have explained how to do it in this post:
EOS Launchday - Token Registration - Are your EOS tokens registered ? How to do it with Metamask

The high Gas fees you are mentioning inside your post are those you are paying for your transaction through the Ethereum blockchain as the EOS token is based on an ETH smart contract and is hold inside the ETH network. The only one you should blame for these high gas fees is Vitalik Buterin.

Any transfer of tokens inside the ETH network is in average 10 times more expensive than an ETH transaction. The good point with Metamask is they will calculate for you the right amount of gas. If the gas is not completely used for the transaction, then, the difference will be given back to you.

The question is who will pay for the ETH network gas fees when the remaining unclaimed tokens will be automatically transferred from the EOS.IO's ETH wallet to the buyer's ETH wallet in late May or early June before being frozen when the Mainnet will launch ?

Have a nice day,

Thierry

7 years ago in #eos by
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     7 years ago 

    Thank you Thierry for your feedback! My guess is that the transaction fees will be deducted from your original bonus as I don't think EOS will assume this...

    Can you please report how much the claimall has costed you (Gas fees) and which date you did this? This will help have comparative results.

    Cheers!!

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     7 years ago (edited)

    Hi syncop,

    You can check all the gas fees regarding the EOS token smart contract here:
    https://etherscan.io/txs?a=0xd0a6e6c54dbc68db5db3a091b171a77407ff7ccf

    You have all the historic from June 2017 to now.

    You will find the fees in the last column.

    You can know it was a token transfer as soon you have value = 0 in the value column.

    Ah I have to mention that as well, Registering the EOS keys is also done through the ETH network and also cost some gas fees.

    T.

    [-]
     7 years ago 

    Thanks again @tsto !
    I will update my post with this information once I have reviewed it, if you are OK with this, of course :)

    [-]
     7 years ago (edited)

    No problem, I'm working in a "Copyleft" spirit and do enjoy sharing information

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     7 years ago 

    Thank you!! I'm new to this community and I just love it!!!