55% of EOS Tokens Are Not Registered Ahead of Crucial Mainnet Launch

There are now just eight days left until EOS launches its mainnet and waves goodbye to its days as an Ethereum-based token. This means users have very little time to register their tokens on the new blockchain and ensure they don’t lose their investment.

Judging by the latest statistics from EOSAuthority, a large number of people may still need to get their tokens registered.

According to the UK-based block producer candidate, only about 45% of EOS users have officially registered their tokens.

The exact number of users who still need to register their tokens is unclear. Cryptocurrency exchanges like Bitfinex, Binance, KuCoin and Kraken have announced they will support the token swap, so users with coins on those exchanges don’t need to go through the registration process.

A FAQ on the EOS GitHub indicates the development team hopes to be able to recover tokens that remain unregistered after the mainnet launches. The documentation notes that the recovery process is “highly experimental, but has been tested to work with high confidence.”

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin or cryptocurrency. Your transfers and trades are at your own risk. Any loses you may incur are your responsibility. Please note that The Daily Hodl also participates in affiliate marketing programs.