ICON Update: Official Airdrop
October 17, 2018

At ICON, we believe that tokens are most useful when they are widely used to the extent practicable. In the case of accessing, managing and paying with a range of different cryptocurrencies, a wide distribution is also critically important for network security. Unfortunately, not everyone have spare time, opportunity, and technical proficiency necessary to get on the earliest moments of a token generation’s events.

In ICON’s case, 4% has been set aside from the total issuance, ready to be distributed by an automatic airdrop. That is, now every address on the Ethereum blockchain that has a balance over a minimum threshold of 0.1 ETH will receive a share of this 4% that is proportional to their share of ETH.

For every 1 ETH that you hold, you can receive 100 ICX tokens as an airdrop. Existing ICX holders will also benefit from this airdrop, for every 1 ICX that you already have, you can receive an additional 0.3 ICX.

My ICX is on an exchange. How can I receive the airdrop?

Exchanges will not support the ICX airdrop and we will not be able to airdrop the tokens to your wallet. In order to receive the ICX airdrop you need to:

1. Have a personal Ethereum wallet (like MyEtherWallet, Parity and etc.) where you hold the actual private key.
2. Withdraw your ICX and ETH balance from the exchange you have them on your personal wallet.
3. Enter your address, balance and follow the steps above to charge your tokens.

What is ICON?

ICON (ICX) is building one of the world’s largest decentralized networks for dapps and smart contracts, which will allow different blockchains to interact with one another via smart contracts. It’s a massive and ambitious project that aims to unify blockchains from all manner of industries, entities and individuals into one single network.