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

• Exchanging ICN for ETH from an external wallet

DO NOT send ICN from an exchange directly to the ETH exchange address on the ICONOMI platform. Use a private external wallet (like MyEtherWallet) whose private key you control. ICN sent from an exchange may be permanently lost.

• When exchanging ICN for ETH from an external wallet, no verification is needed on the ICONOMI platform 

• Exchanging ICN for ETH from your ICONOMI account platform ICN wallet

 Check your account verification Tier limits to avoid having your account locked.  

• Exchange Rates

If you do not want to exchange your ICN tokens for eICN security tokens, you can exchange your ICN for ETH at the rate of 1 ICN : 0.0019 ETH. Read more.  

• Please check ”Important dates” article 

We encourage all ICN token holders to make the exchange during the first round, as additional costs may apply after December 31, 2018, or the exchange rate after December 31, 2018 may be less favorable.

After December 31, 2019, exchange of ICN tokens for ETH will no longer be possible.

• Once you send ICN tokens to the ETH exchange address, the process is final and cannot be changed.