1. Home
  2. News
  3. Exchanges

ICON Announces Swap of ERC20 ICX Tokens to Mainnet Tokens

ICON Announces Swap of ERC20 ICX Tokens to Mainnet Tokens

After releasing its mainnet in January 2017, ICON (ICX) has announced that their older ERC20 tokens can now be swapped for mainnet tokens on select exchanges and via the ICONex wallet.

In a June 18 blog post, ICON announced that holders of their ERC20 ICX tokens will be able to swap them for new ICX mainnet tokens on Binance, UpBit, and Bithumb as well as their native ICONex wallet. Holders will have several days to complete this swap before all trade in ICX is frozen to facilitate a full transition to the mainnet token

ERC20 ICX holders will have until June 20 to swap their holdings for mainnet ICX on Binance and UpBit, until June 21 to swap old holdings on Bithumb, and until June 25 to swap old tokens via the ICONex wallet.

According to the announcement, “ERC20 ICX tokens will be swapped to mainnet ICX coins with a 1:1 swap exchange rate (1 ERC20 ICX token = 1 mainnet ICX coin).” Holders were also warned that new tokens would not be able to be converted back to ERC20 ICX tokens once the token swap is made.

The ICON platform aims to make interaction between different decentralized networks, like Bitcoin and Ethereum, easier and less costly by using ICX as an intermediary token. ICON mined the genesis block of its mainnet on January 24, 2018, but delayed the swap to its mainnet token, which was planned for May 2018.

18 Jun 2018

Subscribe to our newsletter

Our newsletters are sent on a regular basis and are aiming to provide you most overall market situation

Latest news

FinTech And Blockchain Social Night In NYC

The networking party happening afte...
19 Nov 2018

SIX Swiss Exchange To List Multi-Crypto ETP

SIX Swiss Exchange, Switzerland’s...
19 Nov 2018

New Funding Rounds: KuCoin, Lolli and Mythical Games

A cryptocurrency exchange KuCoin, a...
19 Nov 2018

19% Tax On Income From Cryptocurrency Transactions In Poland

The government of Poland has submit...
18 Nov 2018

Germany’s Only Regulated Bitcoin Exchange To Become A Bank

Bitcoin Group SE, which operates Bi...
16 Nov 2018

ICORating Releases Quarterly Report (Q3 2018)

ICORating’s analysts have release...
16 Nov 2018

New Token Listings: Stellar and Odyssey

Trading pairs of Stellar (XLM) and ...
16 Nov 2018

New Token Listing: PlusCoin

Trading pairs of ICO project PlusCo...
16 Nov 2018

Crypto Exchange KuCoin Raises $20 Million

Singapore-based crypto exchange KuC...
16 Nov 2018