ICX Token swap period is extended

Greetings from the ICON Team,

The token swap period, which started in June, will be extended by one month from September 25th to October 25th (13:00, UTC + 9).

Over the past three months since the token swap started, the ICON Team has regularly reminded our community about the token swap in a variety of ways. However, as the token swap completion rate is approximately 83.9%, which is lower than ICON Team was expecting, we decided to extend swap period for an additional month in order to minimize the harm caused by holders’ failure to swap.

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.

The token swap will end on the 25th of October and loss may occur if swap is not completed by the end date so please be sure to swap your tokens before the deadline.

* Important Notice

Korean Thanksgiving is from September 24th to September 26th. Please understand that swap submissions made after 09:01(UTC + 9) on the 21st of September will be proceeded after the 27th of September.

Token Swap Schedule

ICONex: You can swap your ERC20 ICX tokens to MainNet ICX coins using the token swap feature of ICONex until 2018.10.25(13:00,UTC+9)

* Important Notice

If you are not certain whether your ICX is a 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.

The token swap will end on 2018.10.25 (13:00,UTC+9) so please make sure you get your tokens swapped before the deadline.

Thank you,

Hyperconnect the World


ICON official community
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