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Like many icos, EOS is launching on ethereum while the blockchain is being developed that the actual eos token will live on. It's just an easy way to launch an ico, once EOS is ready those ethereum based tokens must all be turned in and converted to the real deal.

Got it, thank you :)

Thanks for the explanation, that makes sense. I recently had the same question coming into my mind.
J

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We answer together

Nice post thanks for sharing @ libert