This is till the end of 2019 right ?
eICN Frequently Asked Questions, Part II
Please note: Due to changes in the ICN exchange process, the answers below are subject to change. The last change occurred on November 22, 2018.
Please also consider finding updated information regarding eICN in our Help Center and recent blog posts:
Everything You Need to Know about eICN
ICN Conversion Process Begins
A New Chapter for ICONOMI: Transformation of Corporate Governance and Issuance of Equity Tokens
The Technical and Legal Side of ICONOMI’s Transformation
eICN Frequently Asked Questions, Part I
eICN Frequently Asked Questions, Part III
This is the second part in our series answering frequently asked questions concerning eICN. Part I is available here. For more information about eICN, read the general overview announcement here, or read this post for further legal and technical details. For more information about the conversion process now live on the platform, read our announcement.
Can I change my mind after submitting my non-binding interest/completing the exchange process?
Yes. If an ICN token holder changes their preference, they can revisit
www.iconomi.com at any time during the non-binding period, click the “Exchange ICN” button, and cancel their previous choice. After cancellation, ICN token holders can repeat the process by choosing to exchange a smaller amount of their ICN tokens for eICN tokens, or choosing to exchange their ICN tokens for ETH instead of exchanging them for eICN tokens. The only process that is final and unable to be changed is the exchange of ICN tokens for ETH (see below). The process can be repeated several times within the periods indicated in our latest announcement.
Notwithstanding the above, please note that since the first exchange of ICN tokens for ETH will be done in December 2018, i.e., during the first round of submission of non-binding interest for exchanging ICN tokens for eICN tokens, once the process of exchange of ICN tokens for ETH is irreversible (please see the technical description below), ICN token holders can no longer change their mind about exchanging their ICN tokens for ETH.
What is the exchange rate between ICN tokens and eICN tokens?
We currently predict that the exchange rate between ICN tokens and eICN security tokens will be 1:1 (i.e., for one ICN tokens, one eICN security token will be issued).