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   603

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

Bitfinex to List BCH' Chain Split Tokens

Bitfinex warned that support for BAB and BSV could be temporary
14 November 2018   56

The Hong Kong cryptocurrency exchange Bitfinex has listed the so-called Chain Split tokens for the two implementations of the Bitcoin Cash protocol. Bitcoin Cash hardfork is planned on 15th of November.

BAB [Bitcoin ABC client] and BSV [Bitcoin SV client] tokens will be traded in pairs with Bitcoin and the US dollar. The Token Manager tool will allow users to convert their Bitcoin Cash into one of the tokens. This process is reversible, Bitfinex emphasized. At the same time, marginal trade in tokens will be unavailable.

After snapshot of the network, the corresponding coins will be automatically converted into BAB and BSV onchain tokens, and all current Bitcoin Cash holders will receive an equivalent number of coins. However, if the user has a short BCH position at the time of the snapshot, the margin will be canceled, and the borrower, if he does not have enough tokens, will have to cover the negative balance sheets until December 31.

Bitfinex also warned that support for BAB and BSV could be temporary, and that as soon as all negative balances were covered, the exchange could delist them, allowing limited time for withdrawal.