EOS during the EOS Mainnet Launch: Clarity About What We're Trading

During the EOS Mainnet launch/boot, we know that the ERC-20 EOS tokens were "frozen", and the EOS mainnet doesn't yet exist (as of June 3rd). So what exactly is this thing on Binance they're calling EOS while the ERC-20 tokens are frozen and we don't have an EOS mainnet? Here I talk through what this thing really is and take a slightly deeper dive into how our crypto exchanges actually work.

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