ICON [ICX] | Discuss Upcoming ICOs, Wallets, dApps, and More

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#6823

I hope you people realize that Korea is becoming a blockchain heaven. Looser regulations, projects and dApps with a purpose, aiming for a cashless society. This is such a great thing overall because now other countries can watch Korea succeed while following their lead in regards to blockchain and cryptocurrency. Not to mention that they actually embrace and love crypto over there. I’m sorry but when I gather all of this information, I don’t see the point in selling at all.


#6824

In other news england our out the world cup :sob::broken_heart:


#6825

Suck it England!!! :rofl::joy:


#6826

In other news.
This is awkward :see_no_evil: nice bit back and forth on twitter.


#6827

Creating new eth addresses for every ICO is just too much work, and he’d exceed his free Dropbox storage with all those private key screenshots.

I’m sure those were some tense minutes between getting the etherscan email alert and successfully sending to Binance.


#6828

So glad to see that the ICX swap was successful, now I’m curious to understand which location is safest to store them. ICONex wallet or on an exchange? (seems there are no hardware options at this time).


#6829

Hows everyone. Sorry I been MIA. just busy with life. How is everyone going.


#6830

Good good Dennis. Glad to hear you are as well. I’ve been mostly MIA for same reason. It’s been exceptionally busy and not slowing down much before fall here. Always glad to see the pub members doing well. :sunglasses:


#6831

Hey @Siggy yeah just so busy. I been accumulating on this lows.


#6832

This is why I haven’t done the swap yet. I’m not sure the best place to store it is and I didn’t want to be the guinea pig if something got hacked.


#6833

I hear ya, just don’t forget come September.


#6834

The best place to store NON-ERC20 ICX tokens is in Iconex. I suppose I should add that this is my opinion, although, if Iconex is the ONLY place…well…there ya go. Full disclosure: I have not scoured the corners on the internet to determine whether or not Iconex is indeed the only post swap wallet.


#6835

Yeah. Planned on doing it late august. I’m on this site every day.


#6836

Has anyone moved any icx to their iconex wallet since the token swap?


#6837

Yep. Just did it a while ago.


#6838

I swapped there and it worked great. Leaving them there until Ledger is supported.


#6839

I hope Ledger hurries up getting them added.


#6840

Thanks I’ll probably move mine later this week


#6841

I need a ledger tbh, I’m slacking


#6842

Aside from the recent price action, there’s a genuine need to address key factual errors now circulating around the CBOE applying for a Bitcoin ETF. Above all else is the fact that the product in question is not – technically – an ETF structure rather a Trust (only slightly different than GBTC).

The distinction between an ETF and a Trust is critically important. The former is where price impacting volume and demand would originate. The same does hold for the latter, just nowhere near the same level of amplification as an ETF. What the Trust does provide, and a point not to be downplayed, is a much clearer signal of the intentions of accredited investors and sell side trading desks.

What I would like to advise is that those of you looking for actual information on the product in question read through the Notice itself:

What should be addressed at this time are the following three, inter-related, points all gleamed, and referenced, from the above-linked Notice.

First, on page 3, it states that the product will be physically backed – not a synthetic product – meaning that the Trust (again, not an ETF) will be backed by BTC and not derivatives.

Second, on page 4, is a statement that “the Trust intends to achieve this objective by investing substantially all of its assets in Bitcoin traded primarily in the over-the-counter (OTC) markets”.

Third – although worded enigmatically – on page 10 “the Sponsor estimates that the US dollar OTC Bitcoin trading volume globally represents on average approximately fifty percent of the trading volume of Bitcoin traded globally in US dollar on US dollar denominated Bitcoin exchanges.”

The commentary and points above may be of very little value to many of you here. That said, it remains my personal opinion that since April we have been witnessing a period of aggressive price discovery by parties (however defined) unfamiliar with the entire crypto ecosystem. Given typical seasonality (summer holidays), I expect that we will remain relatively trade bound until September.