ICX Token swap deadline reminder

ICON Foundation
Hello ICON World
Published in
3 min readAug 29, 2018

Greetings from the ICON Team,

We are fast-approaching the completion of our ICX token migration. This is an important milestone for the ICON project and we would like to thank our community for your patience and support through this process.

This notice is a friendly reminder that you have approximately one (1) month to complete the swap. The deadline of the token swap is 2018.09.25(13:00, UTC+9).

[Token Swap process]

The ERC20 ICX tokens will be swapped to mainnet ICX coins with a 1:1 swap exchange rate (1 ERC20 ICX token = 1 mainnet ICX coin). Please be aware that once the token swap is made, you cannot convert them back to ERC20 ICX tokens.

Token Swap schedule

ICONex: You can swap your ERC20 ICX tokens to mainnet ICX coins using the token swap feature of ICONex starting from 2018.06.25(13:00,UTC+9) until 2018.09.25(13:00,UTC+9)

* Important notice

If you are not certain whether your ICX is token or not, please try withdrawing them to ICONex ICX wallet address starting with ‘hx’. Mainnet ICX will be successfully stored in your ICONex wallet.

Token Swap procedure (Using ICONex: Detailed guide — Click here)

ICONex Token Swap feature
  1. Create an ICONex ETH wallet and send your ERC20 ICX tokens to the ICONex ETH wallet (Guide to creating your wallet)
    *Please check to make sure that you created an ICONex ETH wallet
    (address starts with “0x”)
  2. Add ICX custom token to activate the token swap feature.
  3. Follow the instructions and complete the token swap submission
    1) Your ICONex ICX wallet will be created automatically and the same amount of ICX that you have swapped will be distributed to your ICX wallet.
    2) You will need a small amount of ETH balance for the token swap.
  4. Mainnet ICX coins will be distributed once per day(except weekends). (Token swap submission available at all times)
  5. Token swap submission received before 09:00(UTC+9) will be processed
    and distributed on the same day at 18:00(UTC+9). Submission received after 09:00(UTC+9) will be processed the next day. (No distribution on weekends or holidays)

[Questions regarding token swap]

We expect to receive many questions regarding the token swap and may take time to answer individual questions through email. Please submit your questions using the following link and we will update our FAQ sheet with the answers.

Submit your questions: Click here
FAQ sheet: Answers to your questions

[Important notice]

1. Airdropped ICX are mainnet ICX coins. They do not need to go through the token swap process.

2. There may be SCAM attempts impersonating ICON. ICX token swap will only be made through ICONex. If you find any SCAM attempts such as asking to send your ICX to an individual wallet for the token swap process, please let us know (hello@icon.foundation)

3. The swapped mainnet ICX coins will be stored in the ICONex ICX wallet starting with hx, not the ICONex ETH wallet starting with 0x. Also, please do not send your ICX mainnet coins to ETH based wallets such as MEW.

4. ERC20 ICX tokens that are swapped will be burned(locked) and will no longer be used. The burned ERC20 tokens will not be in the total circulation amount.

Please make sure you get your tokens swapped before the deadline.
After 2018.09.25(13:00,UTC+9), you will not be able to swap them.

Thank you,

Hyperconnect the World
ICON Team

______

[ICON official community]

Homepage : https://icon.foundation
KakaoTalk : https://open.kakao.com/o/gMAFhdS
Medium (ENG post) : https://medium.com/helloiconworld
Brunch (KOR post) : https://brunch.co.kr/@helloiconworld
Reddit : https://www.reddit.com/r/helloicon/
Twitter : https://twitter.com/helloiconworld
Facebook : https://www.facebook.com/helloicon/

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