Cryptocurrency & Blockchain

Keep Your EOS Safe Until a Main net is Decided

I think it is pretty safe to say that near enough everybody involved with crypto, and their dog, has been made aware, in some form or another, about the ending of the EOS ICO and its recently announced delayed launch (yeah, they launch got delayed if you didn’t know).

Many people are obviously frustrated at the fact the launch of an EOS main network blockchain has been delayed in such a fashion while scammers and fraudsters have taken this as an opportunity to capitalise on the eagerness of the crypto community to utilise the EOS software, and are sending out phishing emails left, right, and centre.

With all the confusion and grey areas which surround the EOS main network launch I feel it is important to remind all token holders of vital safety tips, in order to prevent them from falling victim to a fraudulent attempt at accessing their tokens.

The EOS Scams I Have Seen

If you have participated in enough crypto related projects your email address will, no doubt, be on the list of some fraudster who is flooding mail servers, globally, with professional looking emails which inform readers of a fake extended EOS ICO. Needless to say there is no extension of the ICO and you should not be entertaining any emails which state otherwise as they are obviously scams.

Another type of scam which is being spread around cryptoverse under the EOS name at present is one which claims to be an EOS airdrop of unclaimed tokens. Again, this is not something which should be entertained as, as far as I am aware, there is no such airdrop planned by the Block.One team.

I am also seeing emails popping up which claim that the EOS main network is now live and asks people to go to a website where they can input the private key to their paired EOS wallet. Again, this is a phishing attempt as, as mentioned above, the EOS main network launch has officially been delayed due to unforeseen bugs being discovered. Any email which informs you otherwise is an attempt to fraudulently claim your EOS tokens.

Sit Back and Wait for an Official Announcement

With all the scams and phishing attempts floating about at the moment, in my opinion, everyone is best placed to just hold off attempting to do anything with their EOS tokens until a single main network has been officially agreed upon by the wider EOS community.

Due to the nature of the release of the main network there will not be a single main network blockchain which is operated by the Block.One team, instead there will be multiple ‘forks’ of the EOS code which will all compete with each other. The competing networks will have their own block producers and the EOS token holding community will vote on the block producers which they feel are most reputable.

In my opinion it is best if we all hold back for a bit and wait to see which network ends up leading the race to become the official main network EOS blockchain before we start moving/accessing our EOS main network coins. It is only by waiting for the true EOS network to rear its head that we can ensure the safety of our funds.


Please remember that this article is not to be taken as any form of investment advice and that you should do your own research before investing your hard earned cash into anything. We would also like to remind you that Something Decent is not in anyway responsible for the distribution of airdrops, bounties or giveaways unless it is stated that we are personally conducting them