The exchange process of ICN tokens for eICN security tokens will be completed in three steps:
1. Express interest/submit non-binding interest for exchanging ICN for eICN security tokens
2. Confirm interest
3. Receive eICN
The first step is submitting non-binding interest. Please consider finding additional information in our blog post: Everything You Need to Know about eICN.
We will offer several rounds in which we will be collecting non-binding interest from ICN token holders who want to exchange their ICN tokens for eICN security tokens.
- 1st Round: October 30, 2018–December 31, 2018
- 2nd Round: January 1, 2019–June 30, 2019
- 3rd and final Round: July 1, 2019-December 31, 2019
After submitting non-binding interest (step 1), ICN token holders who choose to exchange their ICN tokens for eICN will receive an offer from ICONOMI to confirm their interest (step 2). They will receive eICN (step 3) after accepting the offer. eICN will be distributed in three batches.
The ICN to eICN exchange rate will remain 1:1 for the entire period up to December 31, 2019.
The final round of collecting non-binding interest will end on December 31, 2019 ("final non-binding interest period"). After December 31, 2019, exchange of ICN tokens for eICN security tokens will no longer be possible. All ICN tokens still on the ICONOMI platform on December 31, 2019 will automatically be converted to ETH at the exchange rate valid at that time.