ICON Launches Wallet, Sets March 2018 Date for ICX Token Distribution
ICON, the South Korean company vying to be the first to connect the country through a massive-scale blockchain, has announced the immediate availability of their software wallet. In a Medium post, the team announced delivery of ICONex, which is the official wallet service of ICON. The wallet is initially available as a Chrome browser extension, but there are plans to release a mobile version (Android & iOS) in the near future.
In addition, the ICON team confirmed that the ICX Coin distribution will happen (via airdrop) during March 2018. The exact dates will be disclosed individually to users who complete the KYC verification process. As part of the airdrop, the ICX tokens will be distributed as mainnet ICX Coins (not as ERC20 tokens) and can only be received via ICONex ICX wallets. The specific procedures will be disclosed to “only those who are entitled to the airdrop (token sale participant, bounty and other event winners) in order to prevent any scam activities.”
ICON stresses that the ICONex wallet will not allow storage of existing ERC20 tokens that are in circulation, but it will allow users to keep mainnet ICX coins along with various other cryptocurrencies. They are in the process of preparing the ERC20 token to ICX token swap, which they expect to “start next month.”
Upon the launch of its mainnet later this year, ICON’s network will allow government departments, universities, hospitals, securities, banks and any private company to interact without third-party networks that charge transaction fees or delay the process.