Millions of dollars worth of ICON tokens are now on the move – as the cryptocurrency project begins its token migration.
And according to the ICON Foundation, the organization in charge of development, so far it’s been smooth sailing.
Therefore, according to the foundation, token holders must transfer their tokens to one of those exchanges in order to start the migration process.
For now, ICX token holders must trust the ICON Foundation and the supporting exchanges to execute the swap successfully.
Tron, which aims to use its blockchain infrastructure create a “truly decentralized internet” kicked off its token migration on Thursday.
An official response by ICON to the news that South Korean tax authorities are investigating its technical partner, ICONLOOP has been released. President Min Kim Makes a Clarification The ICON Foundation President Min Kim said in an announcement that the ICON Foundation will not be under the influence of the investigation. The ICON Foundation isRead More
The ICON Foundation recently announced several updates to their project. In an August 7 Medium post, the team stated that theloop — the Foundation’s primary tech partner — will rebrand as ICONLOOP effective immediately.
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