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ICON (ICX) is Moving Forward with Token Swap and New Partnerships

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ICON

ICON seems to be moving forward with acquiring new partnerships and leading a pretty successful token swap while carefully watching over a token migration. The ICX team launched their own main net back in January leaving the Ethereum chain and seeking ultimate independence, as seen with EOS, TRX and several more currencies including DeepBrain Chain.

Since then, ICX has been working on hosting a successful token swap that should meet its end by September 25th of the following year.

ICON and the ICX Token Swap

As more and more currencies are moving from shared chains to going forward with releasing its own main net, ICX has been on the train to this market trend since January of the following year of 2018 when ICON released its own main net, that way leaving Ethereum chain.

The team ICX has gone forward with updating the public with how the things have been going with the initial token swap that started back in January at the beginning of 2018 when over 90% of currencies have marked their record prices.

It isn’t a strange case to encounter problems during token swaps and main net migration (remember EOS and the tension revolving g around their main net launching/token swap), as sometimes directions come as partially understandable or unclear to those users who are not as tech-savvy.

However, it seems that the migration of millions of dollars in ICX has been going on pretty smoothly in accordance with the team, while the ICX holders have confirmed the mentioned announcement.

Although launched back in January, the initial process of swapping ICX for ICX tokens started off a couple of days ago, marking the official start of the token swap on June 20th.

At this point, the exchange platforms that are able to support this token swap are Bithumb, Binance, and Upbit, so all holders will be able to have their tokens swapped on the mentioned exchanges by September 25th, when the token migration should be officially concluded.

ICONex Wallet to Support the Migration

Beside from having the above-mentioned exchange platforms supporting the token swap of ICX, in order to support the migration of their tokens and make the swap as smoothly as possible, the ICON foundation will be using their previously released wallet, ICONex.

ICONex was presented to the public back in February, as a digital wallet designed for keeping ICON units alongside with other supported cryptos.

Besides from its main purpose of keeping the coins safe, ICONex will serve the purpose of supporting the token swap of ICX native tokens starting from June 25th.

As far as the supporting exchanges concerned, Upbit, Bithumb, and Binance have frozen ICX for withdrawals and deposits for ICX.

Binance has stated on this matter that the ICX deposits and withdrawals will be enabled once the new main net of ICON foundation is proven to be safe and secure for live operations with native ICX tokens.

The safe period on the mentioned exchanges should end with the token swap finish by September 25th.

ICON is Scoring New Partnerships

ICON has been working on acquiring new partnerships for the past 30 days, and that is how the team ICX has made some strategic moves towards getting support for their network as well as joining the prediction market with the Qtum-based Bodhi Prediction Market.

Besides from joining the Qtum based Bodhi prediction network that uses blockchain technology for creating predictions of all sorts, the team ICX has also joined hands with Deloitte at the beginning of June when the two parties signed the memorandum of understanding, which is another strategic partnership for ICON.

Deloitte has already worked with over 30 different blockchain projects, and their collaboration with ICX will be based on promoting, developing and commercializing blockchain technology and of course ICX.

Another company set to provide strategic support for ICON is Carboneum, which is another one of their newly acquired partnerships.

Carboneum is a blockchain-based social trading platform, and as such will provide the needed support for the further development of ICON.

At last, back in May, ICX partnered up with Line, which is an Asian-based social network for messaging. With Line, ICON foundation will be pushing the project called Unchain.

With Unchain, Line will be operating on the ICX based network where Line will reward their users by deploying decentralized applications, news feed, games, messaging and chatting, shopping and allowing digital payments.

With around 200 million users actively using Asian Line, this messaging social network makes up for a perfect strategic partner for a blockchain project like ICON.

ICON (ICX) Performance

With the new wave of drops, ICX is showcasing another round of trading in the red, this time dropping by over -5% against the dollar.

With the latest change in the market, ICX can be traded at the price of 1.77$, that way showing a better situation in the market in oppose to the case on June 22nd.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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