Just a day left for the Mainnet’s launch, EOS [EOS] has been preparing for the shift. Binance has announced that the platform will freeze EOS ERC20 token from 2nd June 9:59:50 PM [UTC].
EOS has gained the support of many top exchange platforms for the Mainnet launch, such as Bitflinex, Zebpay, Kucoin, Bithumb, Kraken, and Binance. Recently, it was reported that each of the exchange platforms trading the EOS token will take the funding off till they are certain enough that the Mainnet is stable enough.
With the Mainnet launch nearing, the exchange platforms will perform the token swap for their customers without much worry.
Binance is one of the top exchange in the cryptocurrency market has been listing new coins and trading pairs on their platform over the past month. They have announced that they will suspend the EOS deposits and the EOS Mainnet Swap process. Binance will reopen deposits of EOS until 2nd June 4:00 PM [UTC].
They had advised their clients to leave enough time for depositing EOS tokens to process before the 2nd June. Failing to do so, the customers and clients will lose funds.
After the launch of the Mainnet, ERC20 EOS tokens will have their separate blockchain. At present, EOS holders were trading on Ethereum [ETH]’s blockchain, therefore, EOS and ETH had the same address of receiving.
Binance, on their website reported:
“EOS Tokens will become fixed (non-transferable) on the Ethereum blockchain within 23 hours after the end of the final EOS Token distribution period which will occur on June 1, 2018 at 22:59:59 UTC.”
tSaoi, a Reddit user commented:
“just moved my Binance EOS to MyEtherWallet address and it went through fine.. not sure what’s suspended.”
“I have successfully withdrawn EOS from binance like 1 hout ago. Only Deposits are suspended. JUST REMEMBER if you withdraw to your wallet to register it because there is no time left! Hurry up guys register!!”
“KuCoin is still allowing transfers until 18:00 (UTC+8) 5/31/18. As of this writing it is currently 12:34 (UTC+8) 5/31/18 Up the gas limit to 150,000 and it gets mined super quickly. Takes about another 45 min for it to show up in KuCoin.”
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