EOS Genesis Import Testing
We have implemented a snapshot tool that will import initial state based upon the EOS ERC-20 token distribution on the Ethereum network. Our test network will only include balances which registered a valid EOS public key. About 20% of ERC-20 tokens have been properly registered to an EOS public key. Our snapshot tool also implements a fallback tool for all unregistered ERC-20 tokens held by an Ethereum account for which we can recover a public key from signed ethereum transactions. This covers 99% of all EOS ERC-20 tokens, but will require importing your Ethereum private key into your EOS.IO wallet.
I'm trying to understand what exactly happened here and what the repercussions are.
People signed transactions to receives EOS tokens in exchange for ETH , but only 20% registered them? What does registration mean?
What happens to the tokens that are never properly registred?
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