Home Finance Icon (ICX) Token Swap Countdown Is Underway – Only Three Exchanges Are...

Icon (ICX) Token Swap Countdown Is Underway – Only Three Exchanges Are On Board


The countdown for the Icon Main Net token swap is underway, and only a few exchange platforms are on board.

The token swap implies the fact that ICX will no longer be an Ethereum-based token and it will live on the new Icon blockchain.

The swap is scheduled to take place on June 20, so it’s just around the corner.

In order to make sure that your tokens carry over, Icon has announced just a few exchanges that are supporting the upcoming token migration.

They will automatically handle everything for customers.

The platform also warned users that they should be aware of other exchanges or all kinds of third parties that claim they support the ICX token swap.

Exchanges on board with Icon’s token swap

“Binance will support the ICON (ICX) Mainnet Token Swap and will suspend deposits and withdrawals for ICON (ICX) starting from 2018/06/20 0:00 AM (UTC). Binance will handle all technical requirements involved for all users holding ICX. We will open ICX deposits and withdrawals again once we deem the ICX main net to be stable,” Binance announced.

The exchange platform will also open trading for the ICX/USDT trading pair at 2018/06/13 8:00 AM (UTC).

UPbit and Bithumb will also support the token swap.

ICONext Wallet also support the token swap

The token swap is also supported by the ICONext Wallet, and you can check out more detailed instructions on how to make it all happen here.

The ICX ERC20 token will be swapped on the main net at a 1:1 ratio.

Icon launched its Main Net back in January and said that it’s working to build “one of the largest decentralized networks in the world.”

The team is creating a platform that will allow separate blockchains to interact with one another via smart contracts.

The primary aim is to create a way for the financial, educational, commerce, security, and insurance industries to communicate on a single network.

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