The countdown for the Icon mainnet token swap is underway, meaning ICX will no longer be an Ethereum-based token and will live on the new Icon blockchain.
The swap is scheduled to happen on June 20th.
To make sure your coins carry over, Icon has announced a handful of exchanges that are supporting the upcoming token migration and will automatically handle everything for you. The platform warns you should be wary of other exchanges or third parties claiming they support the ICX token swap.
Exchanges on Board
• UPbit (details here)
• Binance (details here)
• Bithumb (details coming soon)
The token swap is also supported by the ICONext Wallet, and you can check out detailed instructions on how to make it happen here.
The IXC ERC20 tokens will be swapped on the mainnet at a 1:1 ratio.
Icon launched its mainnet back in January and says 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 using smart contracts, with the goal of creating a way for the financial, educational, commerce, security and insurance industries to communicate on a single network.