No improvement: EOS Token Registration Continues to be Low — ONLY 28.57% Tokens Registered

Detailed Results

To illustrate the monthly progress, we show in Figure 1 the registration status in the last seven months. Specifically, for each month, we choose the first day as the cut-off day for our calculation and the result is comprised of four stacked bars:

  1. EOSReserved: the reserved portion (with 100 million tokens or 10% of total supply) is withheld at address 0xb1 for block.one. The withholding address has been registered right after the crowdsale starts.
  2. EOSCrowdsale: the portion of tokens kept in the contract is still undergoing crowdsale. Certainly, they are not registered because those tokens could be transferred to any buyer during the crowdsale period.
  3. Mapped: the portion of tokens is currently circulated and the corresponding token holders have registered
  4. Unmapped: the portion of tokens is currently circulated and the corresponding token holders have not registered

Conclusion

Despite the increased market capitalization of EOS, we highlight that a fully-engaged EOS ecosystem is impossible if we continue to observe a low participation in the token registration process. The low registration may possibly imply low participation of subsequent voting activities, which are crucial for smooth EOS blockchain operations. This is certainly not a situation the EOS community wants to face.

  1. The publisher of EOS.IO software, i.e., block.one needs to elevate the efforts in advocating and promoting the need of token registration, which is a necessary step to better the development, operation, and maintenance of EOS blockchain;
  2. Various cryptocurrency exchanges should provide token-registration instructions in a transparent and timely manner to guarantee their customers that their benefits (including later voting privilege) will be protected;
  3. Individual token holders register your own valuable EOS tokens ASAP. Based on your wallets, here is the MetaMask guide [7], MyEtherWallet guide [8], and Exodus guide [9].

About US

PeckShield Inc. is a blockchain security company which aims to elevate the security, privacy, and usability of current blockchain ecosystem by offering top-notch, industry-leading services and products (e.g., smart contract auditing). Please contact us at Telegram, Twitter, or Email.

References

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