Binance, the cryptocurrency exchange platform behemoth, will support the ICON ICX mainnet token swap. The platform announced the move in a blog post on its website on June 13, 2018. The announcement likely brings to an end the confusion over the status of ICX mainnet and ERC-20 ICX tokens.
Details of the Token Swap
According to the Binance statement, the platform will suspend all ICX deposits and withdrawals beginning June 20, 2018. ICX holders have until that time to transfer their ERC-20 ICX tokens to Binance. The platform will handle the necessary back-end technical processes for the token swap. The exchange also revealed that ICX deposits and withdrawals will recommence once the mainnet stabilizes.
#Binance Supports #ICX Mainnet Swap and Adds $ICX/USDT Trading Pair https://t.co/Wn3NTexF9u pic.twitter.com/tGf5dpLXXF
— Binance (@binance) June 13, 2018
The ICON mainnet launched on January 24, 2018. Based on the original ICON roadmap, the token swap was supposed to take place in May 2018. Delays over the swap have heightened apprehension among ICX holders, some of whom purchased the tokens during its all-time high (ATH) of $12.
Part of the reason for the delay was the inability of the project team to decide on the exact …
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