Binance will support the ICON (ICX) Mainnet Token Swap and will suspend deposits and withdrawals for ICON (ICX) starting from 2018/06/20 0:00 AM (UTC). Binance will handle all technical requirements involved for all users holding ICX. They will open ICX deposits and withdrawals again once they deem the ICX mainnet to be stable. Binance will also open trading for the ICX/USDT trading pair at 2018/06/13 8:00 AM (UTC).
About Icon (ICX): ICON is an interchain blockchain that connects various blockchains such as Bitcoin, Ethereum, and Qtum. First, ICX is used as an intermediary cryptocurrency. ICX enables transactions among different cryptocurrencies by determining the exchange rate through DEX Reserve. Second, ICX can be used as for DApp tokens U-coin, which is a DAPP developed by our blockchain team for Korean University Consortium, can be one of these use cases already in development. Another example - ICX can be a token for ICO platform like ERC-20.
Icon is down 0.58% over the past 24 hours and is currently trading at $1.92.
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