$ICY and $ICZ Airdrop for $ICX Holders

Snapshot Details

At block height 44,123,130 (approximately 4 AM UTC on December 29, 2021), they will take a snapshot of the ICON blockchain. This snapshot will be used for a 1:1 airdrop for both $ICY and $ICZ tokens to qualify $ICX and $sICX holders.

In order to qualify, your $ICX or $sICX must fulfill one of the conditions below:

• $ICX or $sICX in a non-custodial wallet like Hana or ICONex. A non-custodial wallet is one that you control the private key to.
• $ICX or $sICX deposited into Balanced (Collateral and LP) or Omm (Collateral).
• $ICX deposited into ICONFi.

Please note that exchanges have not announced support for the $ICY or $ICZ snapshot, so they recommend withdrawing your $ICX from exchanges to a private wallet as soon as possible to ensure participation in the snapshot.

$ICY Token Release Details

$ICY, the native token of the ICE blockchain, will be vested over multiple years to incentivize the longer-term health of the network. Upon launch of the ICE network, 20% of the airdropped tokens will be available to claim. The remaining tokens will be unlocked over a 3-year period. A detailed $ICY vesting schedule will be provided at a later time.

$ICZ Token Release Details

$ICZ, the native token of the SNOW blockchain, will not have a vesting period. Instead, 100% of the airdropped tokens will be available to claim before the official launch of the SNOW blockchain.

Airdrop Schedule

• ICY will be airdropped after the launch of the ICE Blockchain
• ICY Token Release Details:
  * 20% of the tokens: Upon the launch of the ICE Blockchain once withdrawals/deposits are deemed stable
  * The remaining 80% of the tokens: Monthly over a 3-year period once withdrawals/deposits are deemed stable
• ICZ will be released after the official launch of the Snow Blockchain
• ICZ Token Release Details
  * 100% of the airdropped tokens: Upon the official launch of the Snow Blockchain once withdrawals/deposits are deemed stable.

Note: The details of the Snapshot and Airdrop schedule is subject to change depending on the circumstances of each asset’s engineering team.

ICX Withdrawal/ Deposit Suspension

• ICX deposits and withdrawals will be suspended starting from 2021-12-28 15:00
• ICX deposits and withdrawals will be reopened once the airdrop is complete and stability is restored.
  *Additional changes to this timeline will be updated through further notice.
  *Any ICX deposited during this period won’t be reflected in the snapshot. The balance would not be shown in the wallet until the suspension period is over. Please take note of this and deposit ICX beforehand to ensure participation in the snapshot.

Important Notes:

• As for transactions made at the snapshot time, buyers only, not the sellers of the ICX would be eligible for the airdrop.
• Supporting this airdrop does not guarantee the listing of the following digital currency.
• Internal assessments are to be made on whether Upbit will support the listing of the following digital currency.

 For further information, please refer to ICON Foundation.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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