Do The Exits Of TRON And ICON Indicate Trouble Brewing For Ethereum?

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magic8ball
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Do The Exits Of TRON And ICON Indicate Trouble Brewing For Ethereum?

Mon Jun 25, 2018 6:58 pm

ICON and TRON are abandoning the signature decentralized application platform for their own mainnets.

Though some ERC20 projects, such as ICON, plan for a departure to their own mainnets in their white papers, the timing of the emigration – when Ethereum's market price has been relatively flat – could give the impression that there may be discontent brewing about the world's second-largest cryptocurrency (by market capitalization).

ICON launched its mainnet in January, and will be exchanging its ERC20 tokens for native tokens at a rate of 1:1 from June 20 until September 25. The collected ERC20 tokens will then be burned.

The ICON trade is being facilitated by Binance, Upbit, and Bithumb – which are the only exchanges authorized to sell the new ICON token so far. Holders would be able to transfer back their ICX coins to their ICONex wallets as early as June 25.


https://www.ethnews.com/do-the-exits-of ... r-ethereum

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