Binance Announces its Interest to Support the ICON ICX Mainnet Token Swap
As indicated by the Binance proclamation, the platform will suspend all ICX stores and withdrawals starting June 20, 2018. ICX holders have until that opportunity to exchange their ERC-20 ICX tokens to Binance. The platform will deal with the essential back-end specialized procedures for the token swap. The trade also uncovered that ICX stores and withdrawals will recommence once the mainnet balances out.
The ICON mainnet propelled on January 24, 2018. In view of the first ICON guide, the token swap should happen in May 2018. Postponements over the swap have uplifted apprehension among ICX holders, some of whom obtained the tokens amid its untouched high (ATH) of $12.
Some portion of the purpose behind the deferral was the failure of the undertaking group to choose the correct instrument for doing the token swap. Back in April 2018, the group offered two conceivable courses – by means of its ICONex wallet or through chosen trade platforms.
Notwithstanding the token swap, Binance also declared another ICX/USDT (Tether) exchanging pair. As indicated by the platform, exchanging opens for the cryptocurrency match on June 13, 2018.
At the moment of compiling this report, the cost of ICON is $1.90 – ICX tokens are around in excess of 6 percent over the most recent 24 hours regardless of the Binance token swap declaration. For a concise period after the declaration, ICX spiked to $2.06, however, has since dipped under the $2 check.
ICON is an interchain blockchain network that looks to empower consistent communication between various decentralized networks. With ICX as the go-between token, ICON means to permit networks like Bitcoin and Ethereum to discuss with no loss of self-rule for either blockchain.
The undertaking also needs to give interchain transaction services where a DEX save decides the trade rates of cryptocurrencies. As indicated by CoinMarketCap, it is the 23rd-positioned cryptocurrency, with a market capitalization of $762 million. Symbol as of late inked a huge organization with LINE to make ‘Unchain.’
