EOS registration and the kraken

[racebum]

might be worth keeping this thread up. but, to the best of my knowledge kraken is going to handle the changover for existing token holders of EOS.

1. is this correct?
2. what exactly changes besides moving to their own blockchain? is the old EOS just going to be frozen in time never to be recovered and we all move to the new version or with it be similar to a litecoin split where we had bitcoin and litecoin at the same time?