EOS: Managing Mainnet EOS

This Article assumes you have already read our original guide to move your registered and credited Mainnet EOS tokens out of Exodus: https://support.exodus.io/article/757-eos-claiming-your-eos-with-simpleos

Important: SimpleEOS is a 3rd-party service so please use the best security practices like using a unique and strong password. In case you run into any trouble, reach out to the  EOS-Rio  team (Creators of SimpleEOS). Here is their Telegram info: https://t.me/eosrio

Once you have moved your Mainnet EOS out of Exodus and into a trusted Mainnet EOS Wallet, you will be able to manage your assets like any other. In this example, we will demonstrate how to use SimpleEOS to send our EOS to Binance:

1. When you create a SimpleEOS wallet, the first thing you will notice is that Mainnet EOS does not use conventional blockchain Receive Addresses, instead, EOS uses a 12-character "Account Name" which can be seen on the top-left section of the wallet, right above your balance:

2. The next thing you will notice is that Simple EOS will by default "stake" most of your EOS. In order to understand what this means, you will have to learn more about EOS' Consensus (Governance) Algorithm:

https://steemit.com/eos/@eosgo/understanding-eos-and-delegated-proof-of-stake

If you have more than 20 EOS, all but 10 will be staked by default. In this example, I had 10.3 EOS and 8.3 were staked; leaving only 2 EOS "unlocked" to be sent:

3. The next thing for me then, is to "unstake" some more EOS by going to the "Vote" tab and selecting the amount or percentage of EOS I want to keep staking:

Select the amount or percentage of EOS you want to stake and confirm your vote using your Wallet Password. In this example, I will only leave 1 EOS staked:

Note: It will take 3 days for your recently Unstaked EOS to be unlocked:

 4. Now that I have unstaked some EOS, I will proceed to send some to Binance. The first thing here is to log into my Biance account and go to your Funds > Balances:

5. Find EOS and then select "Deposit". Because EOS is very unique and complex in this respect, Binance will display a warning to make sure you are aware and your funds are not lost:

Important: Because Binance uses a single EOS Account Name for all its users, it will create a unique "Memo" every time you want to send EOS to your Binance Wallet. This Memo will be used by Binance to identify who the EOS belongs to and properly credit it on your balance. Failure to use this Memo properly will result in Binance keeping your EOS without you being credited for them. 

6. Check that you understand the warning so Binance can display the deposit information for you:

7. Now you can go to the "Send" tab on SimpleEOS and paste the information from Binance. In this example, I will send all my unstaked balance, which is 2 EOS:

Note: You can store this Account Name (Address) in your contact book if you want, just remember that you will also need a newly generated Memo for every new deposit to Binance. 

8. Click "send" and confirm the transaction with your Wallet Password. 

Once the transaction is signed and broadcasted, you will see that all the changes we made are already reflected in my "History" tab:

9. After a few blockchain confirmations, your EOS will be credited in your Binance account and you will be able to trade them. 

10. To receive Mainnet EOS into your SimpleEOS wallet, just use your 12-character Account Name. No Memo is needed since this account is not shared with anyone else. 

The Exodus team is still evaluating the integration of Mainnet EOS into the Exodus Wallet. For any other Exodus-related questions, please reach out to support@exodus.io and we will be happy to help you out!