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I'm using Binance exchange service to trade EOS against ETH and BTC.

On eoscountdown.com we can read:

EOS tokens will become frozen on the Ethereum blockchain on June 2, 2018 22:59:59 UTC. The mainnet launch will occur shortly thereafter.

Do I need to take any extra steps (like registration) before the Launch Day (June 2, 2018) to continue trading on Binance to avoid tokens being frozen, or I can still trade as usual after that?

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Binance has confirmed support of the token registration for it's users, so for that reason you can leave them on the exchange safely and still be credited with the official EOS coin when it launches.

However just because they will auto-register you doesn't mean you will also receive all the possible airdrops that will be happening in early June. The safest course of action to maximize your airdrop participation (and revenue) is to hold your own EOS in a wallet (off-exchange) that you control the private key for - due to this, you should register your own tokens and not rely on Binance.

As for trading, the ERC20 tokens will be permanently frozen so you won't be able to trade between June 2nd and the time the mainnet launches and you're credited your own EOS Coin.

For all users looking into registering your tokens, I'd recommend doing so immediately as the first airdrops to require registration are starting in the next 36hours (May 10th 2018). https://steemit.com/eos/@evolutionos/evolution-airdrop-may-10th

Here's a very useful guide on how to register your tokens offline for maximum security created by EOS New York (a bp candidate). The guide uses the official EOS repositories so there's no need to rely on any 3rd party code.

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  • Are there any more details on how Binance exactly will manage the registration? I'm worried about the lack of details (even though I trust Binance), because optimally they would ask you for a new EOS public key that you have generated yourself and then would register that for you. If they don't do that, then the only other way I see it working is that they generate a new EOS keypair for you! And then they control the private key. Even if they give you the private key it means they owned it at some point at least. Optimally you register the tokens yourself to a new EOS key you own. – Soleone May 8 '18 at 17:48
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    @Soleone they haven't confirmed any other details beyond the link I posted. If I had to guess as a developer, this is how I'd handle it: Since an exchange uses one ETH private key for all its tokens for all users, I'd simply register that address with the EOS crowdsale on behalf of my users. Step 2, I'd run a for loop that runs through all of my user's frozen ERC-20 EOS balances and credit them an equivalent amount of the new EOS coin from my new wallet created during the registration. If at the end of the loop the total amount of ERC20 EOS tokens === the EOS Coins, it worked. – altShiftDev May 8 '18 at 17:54
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    I understand that part. My misunderstanding is that I assumed they will actually register the tokens for you so that you show up (have some way to claim your spot) in the snapshot. But I guess instead they will not do that and just wait until they receive EOS from the mainnet and then transfer you that EOS. Which means that any new networks that are based off the snapshot besides the official mainnet you have to beg Binance to send you tokens from that chain as well because they will have access to it. Not the end of the world, but I would definitely recommend everyone to register themselves. – Soleone May 8 '18 at 21:41
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    @LeoRibeiro as long as you've hit the 'Claim All' button and control your own EOS on an Ethereum address then you'll get airdrops. – altShiftDev May 8 '18 at 23:37
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    The claim all button is only for those who purchased from the crowdsale, you've either already done this if you registered using that guide or you bought your EOS from an exchange in which case claim all isn't relevant. – altShiftDev May 8 '18 at 23:43

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