You don't register the tokens, you register your ethereum address. In order to register you must first generate a public EOS key and a private EOS key. These keys together are referrred to a a key pair. This key pair will be used on the native EOS platform when it launches. To register your ethereum address you must call the 'register' function of the smart contract by making a transaction from your ethereum address, giving your generated EOS public key. This information is stored on the ethereum blockchain, linking your ethereum address with your EOS public key. In June the EOS ERC-20 tokens will be frozen (making them non-transferable), and a snapshot will be taken. The snapshot essentially records the distribution of the tokens associated with ethereum addresses. The genesis block of the EOS platform will be created using the snapshot, allocating EOS tokens to the registered public EOS keys. Your private EOS key is all you need to acces your tokens which are allocated to your public key.
Registration does not affect your EOS tokens - they can still be transferred/sold. The idea is that the ERC-20 tokens will automatically be frozen at the end of distribution in June 2018. When this happens, your tokens should be in an ethereum address which is registered. You can add and remove tokens from a registered address before then without affecting the registration. It's also possible to change registered keys any time before the end, simply by registering the address again. The most recent registration transaction for an address is the one which will count.
There are aspects which I've not covered here, such as the fallback plan for addresses which are not registered. If you need more information about any aspect feel free to ask.
What was your buying price? Registration is needed to reward you real EOS tokens on EOS blockchain when it is live. I think unregistered tokens can still be tradeable but to use the blockchain you will need to exchange them for real EOS tokens once ICO is over. Maybe then the price of ICO tokens could detach from the real EOS tokens so be careful.
My buying price was around 0.80$.
So after I register them I cant trade them anymore on the eth blockchain?
And is there a reason why I should register them before the ICO is over?
If you would like to trade them before ICO is over then don't register them yet because you need to have them in the wallet. Looking at Ethereums state i think the price of EOS will get more and more volatile so, Good luck!
If you use jaxx or exodus it is possible to import the ETH privatkey to MetaMask and do the registration from there.
It is a god idea to download vmware or virtualbox and install a clean linux distro like xubuntu. From there you can install the brave browser and metamask. This way you lower the risk of someone steals your keys.
After the xubuntu installation you can open the terminal and follow this commands.
After installing brave you go to extensions within the Brave Browser and activate MetaMask.
I am NOT an expert on cybersecurity. This a way of doing things that I think is better then using the same OS for everything from surfing the web and managing privatkeys.
Hello!
This is my first post here!
You don't register the tokens, you register your ethereum address. In order to register you must first generate a public EOS key and a private EOS key. These keys together are referrred to a a key pair. This key pair will be used on the native EOS platform when it launches. To register your ethereum address you must call the 'register' function of the smart contract by making a transaction from your ethereum address, giving your generated EOS public key. This information is stored on the ethereum blockchain, linking your ethereum address with your EOS public key. In June the EOS ERC-20 tokens will be frozen (making them non-transferable), and a snapshot will be taken. The snapshot essentially records the distribution of the tokens associated with ethereum addresses. The genesis block of the EOS platform will be created using the snapshot, allocating EOS tokens to the registered public EOS keys. Your private EOS key is all you need to acces your tokens which are allocated to your public key.
Here's a guide on how to register: https://steemit.com/eos/@sandwich/how-to-update-the-eos-public-key-mapped-registered-to-your-ethereum-wallet-with-myetherwallet-mew
Registration does not affect your EOS tokens - they can still be transferred/sold. The idea is that the ERC-20 tokens will automatically be frozen at the end of distribution in June 2018. When this happens, your tokens should be in an ethereum address which is registered. You can add and remove tokens from a registered address before then without affecting the registration. It's also possible to change registered keys any time before the end, simply by registering the address again. The most recent registration transaction for an address is the one which will count.
There are aspects which I've not covered here, such as the fallback plan for addresses which are not registered. If you need more information about any aspect feel free to ask.
Wow, what an awesome first post! Thank you very much. Its much more clear for me now.
100% upvote =)
What was your buying price? Registration is needed to reward you real EOS tokens on EOS blockchain when it is live. I think unregistered tokens can still be tradeable but to use the blockchain you will need to exchange them for real EOS tokens once ICO is over. Maybe then the price of ICO tokens could detach from the real EOS tokens so be careful.
My buying price was around 0.80$.
So after I register them I cant trade them anymore on the eth blockchain?
And is there a reason why I should register them before the ICO is over?
If you would like to trade them before ICO is over then don't register them yet because you need to have them in the wallet. Looking at Ethereums state i think the price of EOS will get more and more volatile so, Good luck!
Also , what do you think about trading it on Bitfnex vs EtherDelta?
If you use jaxx or exodus it is possible to import the ETH privatkey to MetaMask and do the registration from there.
It is a god idea to download vmware or virtualbox and install a clean linux distro like xubuntu. From there you can install the brave browser and metamask. This way you lower the risk of someone steals your keys.
After the xubuntu installation you can open the terminal and follow this commands.
sudo apt-get update
sudo apt-get upgrade
sudo apt install snapd
snap install brave --beta
After installing brave you go to extensions within the Brave Browser and activate MetaMask.
I am NOT an expert on cybersecurity. This a way of doing things that I think is better then using the same OS for everything from surfing the web and managing privatkeys.