Telos is a code fork of EOS.IO which tries to improve on the shortcomings of the EOS project. So if your address was in the EOS genesis snapshot, and held EOS tokens on June 2nd 2018, you’re eligible to participate in the distribution of free TLOS tokens at h a ratio of 1:1. Here’s a quick guide on how to claim your free TLOS tokens…
Depending on how and where you stored your EOS tokens from the token sale, a different process might apply for claiming your TLOS tokens. In principle it’s a similar approach as when EOS switched from the Ethereum blockchain to their Mainnet.
On December 19th, 2018, The Telos Blockchain Network passed block 1,000,040 and was activated under the control of block producers who have been elected by token holder voting. Your TLOS tokens can now be accessed on the Telos blockchain at any time. In order to do so you must interact with the Telos blockchain network. One of the easiest ways to access the Telos blockchain network is to use one of the available wallets out there.
For this tutorial we’ll be using Sqrl Wallet – which is officially supported by the Telos Foundation and can be downloaded at https://telosfoundation.io/downloads
Sqrl Wallet is a Telos-compatible version of the Greymass eos-voter wallet. You can use Sqrl to store and trade your TLOS tokens. Sqrl is a fully functional light wallet designed for the Telos blockchain. This application can be used to perform block producer voting actions and common wallet commands.
Also we’ll assume that you’re in full control of your private keys for the EOS genesis snapshot (e.g. in Exodus wallet).
Step 1 – Download and install Sqrl Wallet
Visit https://telosfoundation.io/downloads to download the latest version of Sqrl Walletfor your operating system (Windows, Mac, Linux) . At the time of writing this is v. 0.5.5
Run the installer and follow the instructions for installing the wallet.
Step 2 – Export your EOS private keys
In order to claim your TLOS, you’ll need to import your account name and active private key from the EOS genesis snapshot to Sqrl (see Step 3). In order to be able to do so, you’ll need to export your EOS private keys first.
How to obtain/export your private key differs depending on the wallet you’ve been using for storing your EOS tokens. Consult the user documentatiion of your wallet for details. Here you’ll find a description for the popular Exodus wallet: Link
Step 3 – Create your personal TLOS wallet
After you’ve successfully completed the installation, run Sqrl wallet. The first thing to do is connecting to the Telos Mainnet:
After clicking “Connect to Server” you can select to “Import Existing Account”:
In order to import your EOS genesis account, type in the account name or public key for this account and click “Lookup Account”:
Next enter the “active private key”. It is always starting with the number 5 and is 51 character long:
Once you click on “Compare Keys” your genesis snapshot data will be imported and Sqrl will prompt you to set a password for your new TLOS wallet:
Finish the setup by clicking “Save Account”, re-enter your selected password and press “Save Local Wallet”:
And that’s it! After accepting the”Telos Blockchain Network Operating Agreement” you are good to go:
IMPORTANT: After exporting and importing your EOS private keys, you should move all your claimed TLOS tokens to a new address to ensure that your wallet security hasn’t been compromised. Accounts that have no transactions one year after the activation of the Telos network (at 63,000,000 blocks) are subject to deletion by the block producers at that time or in the future, provided no transactions have yet been made. Tokens in any deleted accounts will be deleted from the blockchain.
Step 4 (optional) – Buying and selling TLOS tokens
If you’re looking to sell your TLOS tokens right away or want buy even more of them, there are a handful of exchanges where you can trade TLOS. At the time of writing I would recommend Chainrift
Telegram (English): https://t.me/HelloTelos
Disclaimer: I’m not a certified financial planner/advisor nor a certified financial analyst and this article should not be considered professional financial investment advice. The article reflects my personal opinion. The information provided should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. Do your own research!