$0.56636 -2.13%
ICX · 9w

Binance Announces Icon (ICX) Mainnet Token Swap, Price Jumps

ce its early January all-time high. Despite the price decline, ICX’s price saw a nice bump when Binance released the aforementioned announcement, beating Bitcoin by over 9% on the day.

According to CoinMarketCap, ICX tokens are currently sitting at $2.08 U.S. and are up 9% over the past 24 hours.

If ICX holders are still holding the ERC-20 version of ICX in their personal wallets, it is advised that these users transfer them to a mainnet supported exchange to get the full value of the token.

ICON – An Interoperability Focused Blockchain Project

For those who are unaware, Icon is a South-Korean based project that hopes to help connect independent blockchains with one another, so-called interoperability. The topic of interoperability has been a key theme in the industry, with many believing that this characteristic will be essential in future blockchains.

ICX is currently working to connect a variety of top cryptocurrencies projects, including Bitcoin, Ethereum, and Qtum. By allowing different chains to communicate with each other, Icon’s team hopes to allow for decentralized coin swaps and for the increased efficiency and use-cases of existing blockchains.

The token swap is a key part of Icon’s ambitious goals, with the swap allowing for users to obtain tokens on the mainnet chain where extensive development will occur.


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