The exchange process of ICN tokens for Securities of ICONOMI AG will be completed in three steps:
1. Express interest/submit non-binding interest for exchanging ICN for Securities of ICONOMI AG
2. Confirm interest
3. Receive Securities of ICONOMI AG
The first step is submitting non-binding interest.
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 Securities of ICONOMI AG.
- 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 Securities of ICONOMI AG will receive an offer from ICONOMI to confirm their interest (step 2). They will receive Securities of ICONOMI AG (step 3) after accepting the offer. Securities of ICONOMI AG will be distributed in three batches.
The ICN to Securities of ICONOMI AG 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 Securities of ICONOMI AG 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.