ICON to swap ICX token

As ICON operates its own mainnet now, ICX token is going to be moved from the Ethereum blockchain to the mainnet on June 20
20 June 2018   1301

ICON is ready to migrate its ERC20 token to the mainnet. The swap is officially supported on Binance, Upbit and Bithumb. The automatic migration will take place on June 20. The swap rate is set at 1:1. The ERC20 ICX tokens should be deposited by the swap date. ICONEx wallet will perform the migration separately from June 25 till September 25.

The exchanges are going to take care of the procedure on their own completely. As for ICONEx wallet, the project posted a guide here. All ICX deposits and withdrawals from the exchanges will be suspended until the token swap process of the exchanges are finished. The conversion once made is irreversible.

ICON is one of the largest blockchain networks in the world. ICON boasts independent blockchains comprised of reputable institutions in major industries. ICON market parameters at the moment of publication are as follows:

Average price 2.02 USD
Market cap 783,231,197 USD
Volume (24H) 43,919,900 USD

Bakkt to Release Consumer App This Year

The app can be used for a wide range of tasks, e.g., crypto and securities trading, virtual goods purchase, etc
23 January 2020   101

Institutional Investor Platform Bakkt will release an app for retail investors this year, with which users can pay with cryptocurrency.

According to the president of Bakkt Adam White at the World Economic Forum in Davos, the application can be used for a wide range of tasks. In addition to trading cryptocurrencies, it will support various virtual “goods” like points of loyalty programs.

In addition, in the future it is possible to add securities trading, as well as the creation of a portal for shops and merchants. That is, the application will be more like a traditional fintech product like PayPal than a solution from a cryptocurrency exchange.

Although the Bakkt platform was originally created for institutional investors, the new director of Mike Blandina is very serious about entering the retail market. Earlier, he said that the application for retail investors should be released in the first half of 2020.

I do not think we are there yet. What gives me optimism is that we are seeing a lot of developer interest. I am confident that someone is going to find something.

 

Adam White

President of Bakkt

 White added that the cryptocurrency market is still underdeveloped.