ICON Mainnet Launch, ICX Price Forecast and ERC20 Token Swap

ICON one of the most anticipated blockchain network launched the Mainnet 1.0. Let’s analyze ICX price forecast in the long term with future prospects.

It was one of the most successful ICO and many investors were excited during the launch. The ICX tokens are still ERC20 and soon investors will be able to swap their tokens.

ICON Mainnet 1.0 Launched

On January 24th, 2018 (18:25 UTC), ICON Mainnet was launched and team announced their giant step towards achieving our vision — Hyperconnect the World.

The foundation successfully generated the Genesis Block of the Mainnet 1.0 and minted all ICX as per their plan. The best part is the fact that DApps can now be developed on top of the ICON network. More importantly, their team has already started helping several teams to use their services.

They are planning to present all projects on January 31st during the ICON Annual Summit: The Genesis.

ICX Wallet and How to swap ERC20 Tokens for native ICX?

During the initial coin offering ICON issued ICX ERC20 tokens, which can be soon swapped for native ICX coins. The company informed that they will also present an official ICX wallet, which will be called as ICONex.

Once the wallet is launched, the company will share further details with all investors how they can swap ERC20 token for native ICX coins. Moreover, investors those participated in their token sale will be entitled to Airdrop.

ICX Price Forecast

Since the launch, ICX price gained a lot of traction and was seen trading higher. It traded a lot higher form the ICO price and started its journey from around $2.00.

It recently traded above the $10.00 level and made a high of $12.47 as per coinmarketcap. It was a great move and proves that investors have a lot of confidence in the project.

The price retreated a bit from the $12.47 high and is currently trading above the $8.00 level. The current price structure is positive and since the mainnet is launched, the price may move higher in the near term.

It would be interesting to see how ICON team delivers on January 31^st 2018. They are supposed to showcase 5 projects. Going forward, if they continue to grow and help several teams, ICX price has a bright future.

Moreover, if we compare ICON with other blockchains such as Ethereum, there are a few things ICON can do, but Ethereum can’t. This is explained by them on their site using a comparison table.

Overall, there is lot of potential, but future is never certain and we need to keep a close watch on their projects and developments.

Trade safe traders and stay away from hype and false rumors while trading.

Cheers!