2018-10-16 01:00 |
A reminder on the exchanges that are supporting the ICX token swap
It is about two weeks to the token swap deadline, and from this, there has been an increasing number of exchanges that are supporting this swap. And so far this is the update that investors will need to be informed of.
On 13th October this year, the token swap of the ICX will only be made possible in two methods. The first one being the ICX holding that is on Upbit, Binance, Huobi, OKEx, Bithumb or the DragonEX. The second method is manually swapping the tokens through the ICONex.
When it comes to the ERC20 ICX, the tokens will easily be swapped on the mainnet ICX coins which will have a 1:1 exchange rate on the swap. What this means is that for one ERC20 token you will be able to receive one mainnet ICX coin. It is important to note that once you have completed the swap, you will not be able to convert it back to your initial ERC20 ICX tokens.
The Swap Has Been Considered Complete On The Upbit, Binance And OKEx Exchange.If you are holding the ICX tokens on the exchanges that have already completed their swaps, then you will not need to do a separate swap.
It is because on these exchanges you already have your MainNet ICX coins
The Swap Is In Progress On Bithumb, Huobi And DragonEX Exchanges.For the exchanges that are still due to complete their swaps, the ERC20 ICX tokens will need to be deposited to the exchanges in accordance with the set schedule for the token swap that will soon be posted by exchanges in the market.
For the exchanges that have not been mentioned, then the token swap is not supported on their platforms. Thus, in such a situation you will need to carry out the token swap on the ICONex, or you could go the route of depositing on the platforms that have been listed above, to be precise in the exchanges that the swaps are still in progress.
By the 25th of October, the token swap will come to an end, and some loss might occur if your swap is not completed; thus, it is essential to get this done before the deadline.
Many Questions Will Arise From The Token SwapWith the swap taking place there are several questions that are expected to arise, and it may take some time to answer each through mail.
Therefore, be patient with the company but post your questions on the company site and they will ensure to update the answers on their FAQ sheet found on their official website.
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