So you have registered your EOS tokens in MyEtherwallet and Exodus and you didn't understand anything for weeks as the EOS blockchain launched, or did it not launch, or what does launching even mean? And now you're reading about how airdrops are going to drop like it's hot.
But all you got is a public address and a private key. Well, it's time to start staking your EOS. I went through it all last night and I decided on using the Simpleos wallet created by EOSrio - a legitimate block producer.
In crypto there are no one holding your hand. It's your responsibility to make sure the websites and wallets are legit, and you have to double check everything with what people say and comment. You watch youtube-videos and you double check once again that you never write your private keys into a scam site or give it away to the wrong people.
Personally I'm not 100% comfortable with a wallet that doesn't support Ledger. But as airdrops are coming very soon, there is no time to waste. And there will soon be wallets that support ledger and trezor.
In this Reddit thread people are discussing different EOS-wallets.
My choice fell on the really great designed Simpleos wallet. I watched a few videos on how to do it.
And that was it.
The interface is really great, very easy to operate and it even has a sidebar where you will be able to see your airdropped tokens as they are dropped into your wallet.
Not my wallet - but a random one from the Internet
I read a good description of what holding EOS is like. When you hold EOS you basically own office spaces in a big building. The more EOS you have, the more offices you own. Dapp developers need an office to create their Dapp, so they look for offices that are out for rent. If you stake your EOS that means you are renting them out. The reward for that is Airdrops. Free tokens given to you for your service.
In the future you might also be able to delegate to the project of your choice (same way as we can on Steem by delegating SP)
As more EOS is locked up and staked, there will be more buying pressure as EOS is scarce on the market. Just this year there is at least 150-200 airdrops projected. That means one per day on average. How cool is that? This is a totally new way of investing - and for the people that had the time and did the effort to learn how to do this (you) it will be something that can give you passive income for the rest of your life. We are very early - and 99% of all people don't even know what EOS is, much less do they have the capacity to do what we are doing - setting up wallets, registering tokens, staking etc. If you understand this and reads this and is involved in this at this point in time..you are joining pioneer work. You are as early as it is humanly possible to be.
PS: Keep in mind that even if you don't register for a wallet now, you will still receive airdrops. Airdrops are dropped on addresses. And you use your private key to access that address. Unfortunately exchanges and certain centralized wallets like Exodus will not give you your airdrops. The reasons why could be many and could challenge them logistically. Often times they even are in their full right to take your airdrops because you dont control your private key - they do.
So I would keep my EOS away from exchanges and wallets who do not let you stay in control of your private key. If you have not done anything yet with your MEW-registered tokens and you don't want to do anything with them until there are ledger supported wallets, you can just stay put. Airdrops will be dropped and they will be viewable in any wallet that support viewing airdrops. Remember..EOS is your private key. The Wallet is simply different interfaces. You don't store ether or EOS or any other token ON your ledger or in MEW-wallet. They are simply interfaces.
