What do I need to know before I start the process?

As of October 30, you can choose one option or a combination of the options below:

1. Submit your non-binding interest in exchanging your ICN tokens for Securities of ICONOMI AG *.

IMPORTANT

If you have already submitted a valid non-binding interest (if your ICN has status “Iconomi (ICN) - Reserved for exchange/Submitted to non-binding interest for Securities of ICONOMI AG”; you can check this by visiting your Account page on the ICONOMI platform), please proceed to the "Important Steps and Dates" article not to miss further steps and deadlines.

IMPORTANT

The final round of collecting a valid non-binding interest will end on December 31, 2019 at 24:00 CET (“final non-binding interest period”). After December 31, 2019, submission of the non-binding interests will no longer be possible and ICN token holders without valid non-binding interests will not be able to proceed to exchange of ICN tokens for Securities of ICONOMI AG. All ICN token holders who will still have ICN tokens on the ICONOMI platform after December 31, 2019 will have the option to convert to ETH at the exchange rate valid at that time by contacting our Support until February 29, 2020.

Note: Your non-binding interest is valid only if you deposit(ed) your ICN tokens to your account on the ICONOMI platform and reserve(d) ICN for Securities of ICONOMI AG exchange and your ICN have the status “Iconomi (ICN) - Reserved for exchange/Submitted to non-binding interest for Securities of ICONOMI AG”; you can check this by visiting your Account page on the ICONOMI platform.

2. Exchange your ICN for ETH 

IMPORTANT

The final round of exchanging ICN for ETH will end on December 31, 2019 at 24:00 CET. After December 31, 2019, exchange of ICN tokens for ETH using steps described here will no longer be possible. All ICN token holders who will still have ICN tokens on the ICONOMI platform after December 31, 2019 will have the option to convert to ETH at the exchange rate valid at that time by contacting our Support until February 29, 2020.

Ad 1.

* Update:
ICN tokens will be exchanged for Profit Participation Securities of ICONOMI AG (i.e. Securities/Genussscheine of ICONOMI AG; previously referred to as ‘eICN tokens’), which will not be issued in a tokenized form as security tokens, but as dematerialised securities. Tokenization of Securities of ICONOMI AG ("eICN security tokens issuance") will take place at a later stage.

Explanation:
Due to the lack of (technical) standards for security tokens, licensed and operated trading venues/exchanges for security tokens and legal clarity, Securities will not be tokenized at issuance but will be tokenized at a later stage. The Issuer (ICONOMI AG) will re-evaluate the possibility of tokenising the Securities as soon as above mentioned conditions are met.

Why Exchange Your ICN for Securities of ICONOMI AG?