RE: Community News - buying EOS and claiming
Something is going wrong is my view. I might take screenshots and contact the Metamask people. When I was doing it, the gas I was paying was something like less than $2 per transaction. Expect to pay something like that per every time you deal with the ETH blockchain with the EOS ICO.
If network traffic is high, the gas prices will increase and that can cause high network fees, usually when an ICO launches. http://ethgasstation.info/ It looks pretty normal at the moment.
Also, make sure you are doing the math right on the gas. But yes, to do the EOS ICO, you are going to communicate with the blockchain 3 times. Buying, registering the key, and claiming the tokens. Then if you send them, you will be charged again.
All that has gone wrong is either your math for the fees, or your metamask is buggy and trying to pay way way too much gas.
Also, I do not suggest any new person to ICO's including yourself do the EOS ICO. Just buy your tokens on an exchange and then learn to register the key if you want to get that far with it.
Most of the time the ICO price is higher than the market price. This happens for several reasons, but it's basically people dumping money in at the last minute, bidding the price above what they should, and since they don't know who else will send money, they have no ability to price it right. In general, it's just dangerous to do the ICO for the average person at this point.
To be more specific, it would be helpful to understand after you purchase EOS off of an exchange, how to properly register your EOS tokens and where is the best place to store your EOS (I don't know of an EOS wallet, but perhaps they can be stored on MyEtherWallet?).
Well, the registering the public key, for now I think it can wait until June 2018. The only danger is people who want to buy EOS and forget about it. Like if you let your EOS sit in an exodus wallet through June 2018, and do nothing, I am about 90% sure you will lose all of your EOS. Leading up to that event, Exodus will probably be warning people. I think Exodus is the worse culpirate because it's not a big deal for Bitfinex to internally use your keys to register your EOS public key themselves and just charge you on your EOS balances to save your funds. Exodus wallets have no ability for Exodus to bail you out come June 2018. I'm kind of surprised they added it at all to the wallet. I think that's where the most money would be lost right there.
HOW-TO GUIDE FOR EXODUS EOS KEY REGISTRY:
http://support.exodus.io/knowledge_base/topics/ive-received-eos-tokens-in-exodus-how-do-i-register-them
That is a really helpful link! Thank you. 100% upvote.
I guess the next question is, why even use the Exodus wallet if you can use MyEtherWallet to store and register your EOS? Am I missing something? MyEtherWallet seems like the best way to go.
Sounds like a plan to me Ted - far easier to buy on the internal exodus exchange anyway. Thanks for the replies. CN.
You should do a post on this - I think your followers would appreciate it.