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   869

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

OKEx to Launch OKChain Based Decetralized Exchange

Great role in the upcoming exchange will be played by OKB coin, which will be trasfered to OKChain as soon as its development finished
22 March 2019   122

OKEx cryptocurrency exchange will launch a decentralized trading platform on its own blockchain.

Currently, the OKChain blockchain is in the final stages of development, and its test network may be launched as early as June 2019. When the OKEx blockchain becomes stable enough, it will transfer OKB to it, which will then perform the function of the native OKChain token and be used to pay commissions, as well as in its own decentralized network applications.

The primary purpose of OKChain is to launch the OKDEx decentralized exchange, where the OKB token will be used to participate in presales. In addition, project teams will use OKB tokens to pay the service fee to the super nodes of the network.

While the total volume of OKB emissions is 1 billion, 300 million tokens are in circulation today, and 700 million remain blocked. Of this number, 300 million OKB will be distributed to users through the loyalty program, and 400 million belong to the OK Blockchain Foundation and the exchange team. However, for a more efficient formation of the OKB ecosystem, the blocking period of these 700 million tokens will be extended from 2020 to 2022, writes OKEx.

In addition, OKB will be the only token to be accepted during the initial exchange offerings (IEO) on the OK Jumpstart platform, announced earlier this month. According to the company, it is currently negotiating with various projects and will soon announce the launch of the first IEO on OK Jumpstart, for which investors will be admitted who have passed personal verification and have OKB tokens in their accounts.