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

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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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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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