RE: When the Levee Breaks...

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When the Levee Breaks...

in bitshares •  7 years ago 

Bitshares has an OPEN.EOS asset, backed at a 1:1 ratio with presale EOS that will convert to tokens at the end.

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And you can use the Exodus wallet to have total control (open.EOS is an IOU for real EOS), so no third party will be involved, just you and the private keys to your blockchain assets.

  ·  7 years ago (edited)

Looking at Bitshares, it seems that I need to first deposit some crypto such as bitcoin or litecoin into my bitshares wallet and then use the exchange section to find a buyer willing to trade one of these for EOS. Looks kind of like the GDAX environment that underlies Coinbase. Never used that before though so will probably try small amounts so that it doesn't matter if I screw it up. Can't seem to find a video that lays it out explicitly on how to do this, so guessing...

The only place that I see Open.EOS is in the withdrawl (where does it withdraw to?). There's no deposit to Open.EOS.

I might have assumed that one could deposit bitcoin to an address and then have it convert immediately to EOS tokens the way Blocktrades does it, but I see it's OpenLedger.