About ICS Airdrop Issuance & ICPSwap Roadmap Update

ICPSwap
6 min readDec 7, 2021

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Dear ICS Fans,

With your support, ICPSwap has made significant progress in the product, such as R&D and marketing, making us very happy. It’s time to issue the ICS airdrop. Thank you so much for being patient.

About ICS Airdrop

As the official SNS service has not been launched and the token standard has not been determined, we have decided, for the security concern, to issue ICS airdrops in the form of “ICS Airdrop NFT.”

Details:

1/ Different types of “ICS Airdrop NFT” represent different amounts of ICS. After ICS goes issue, “ICS Airdrop NFT” can be directly exchanged for ICS tokens (or we will issue ICS to the corresponding addresses).

2/ The user receives “ICS Airdrop NFT” through the mailbox reserved in the form when participating in the airdrop event.

3/ The same ICPSwap wallet address can hold multiple “ICS Airdrop NFTs.”

4/ “ICS Airdrop NFT” is expected to be available for collection in mid-December.

The ICS Airdrop NFT

How to Claim the “ICS Airdrop NFT”

1/ Prepare the Email you filled in the form when you attended the ICS Airdrop event

2/ In mid-December, you will receive an email with a “Airdrop Redemption Code” from the “support@icpswap.org”

3/ Login to ICPSwap Beta, click on the top right, Claim ICS Airdrop NFT, enter your email address and the corresponding “Airdrop Redemption Code.”

4/ Claim completed

Note: For the safety of your assets, we do not recommend trading “ICS Airdrop NFT” until it is available if it would be.

What is mainly concerning the ICS airdrop has been elaborated. If you are interested, please read on. We will update the roadmap of ICPSwap and explain why.

ICPSwap Beta 2.0

Up to now, the number of users having experienced ICPSwap Beta 2.0 has surpassed 160,000. Community users have also grown to 110,000+. This makes us very excited. Beta 2.0 launched seven primary functions: Wallet, Mint Token, Token List, Ads, Chat, NFT, and Swap. The essential function, Swap (MOR, market-making with optional ranges), allows users to enjoy a more stable, convenient, and efficient trading experience.

Beta 2.0: https://rv6ki-dyaaa-aaaah-aaa5q-cai.raw.ic0.app

We will continue to implement the NFT market and Pools functions and optimize the Swap algorithm, product experience, etc. Actually, the development progress is faster than initially planned because of your support and trust. We will show you a more promising, more diversified, and innovative ICPSwap, which will live up to your support and anticipation.

Roadmap update

Why update the roadmap? As mentioned above, the token standard has not been determined. Yes, this is the main reason.

ICPSwap is a hub of future decentralized finance and a member of the DFINITY ecosystem. It has its own uniqueness, but it also needs to integrate the underlying technologies of the Internet Computer.

The Chain key technology and SNS service launched by DFINITY are significant and disruptive, which play a highly inspiring role for the ecosystem explosion of DFINITY. However, ICPSwap and a series of sister project teams in the DFINITY ecosystem are implementing their token standards by extending ERC20. This method has specific security concerns at present. Therefore, the projects in the DFINITY ecosystem, including ICPSwap, need to rely on DFINITY’s SNS service to solve such issues regarding token standards and security.

According to the current publicly-announced information, it will take 3 to 5 months for SNS to be officially launched. Therefore, we have also updated related matters, such as the issuance and public offering of ICS, to Q1 2022. If the SNS service is not launched, we will update it according to the actual situation and announce it as soon as possible.

It needs to be emphasized that the adjustment of the roadmap will not affect the progress of ICPSwap’s product development and financing. Do not worry.

The latest roadmap is as follows:

Postscript

The Internet computer is the world’s first web-speed, internet-scale public blockchain. It is a pioneer in the Web 3.0 era and provides support for developers and entrepreneurs worldwide.

Yet, somewhat we have to confess that the Internet computer is a brand new public chain, the ecosystem still in its early stage, and there is no unified token standard yet. In addition, the use of the Motoko development language as a brand-new language will more or less affect the development speed of ICPSwap or many other projects of the DFINITY ecosystem. Nevertheless, we are continuously working hard to realize the vision of ICPSwap as fast as possible and help DFINITY achieve an ecosystem explosion.

Thank you for your patience, participation, and support! We believe that ICPSwap will get better and better, which will give ICS the most practical value.

PS. FAQ

1. How to Claim the “ICS Airdrop NFT”

1) Prepare the Email you filled in the form when you attended the ICS Airdrop event

2) In mid-December, you will receive an email with an “Airdrop Redemption Code” from the “support@icpswap.org”

3) Log in to ICPSwap Beta, click on the top right, Claim ICS Airdrop NFT, enter your email address and the corresponding “Airdrop Redemption Code.”

4) Claim completed

2. Isn’t it the ICS token?

Because the SNS service and the token standard have not been determined, for safety, we adopt the method of airdrop “ICS Airdrop NFT”. After the token standard is determined, the NFT can be exchanged into the ICS.

Note: For the safety of your assets, we do not recommend trading “ICS Airdrop NFT”.

3. Has the email been sent?

Not yet. It is expected to be sent in mid-December. Please follow our Twitter and Telegram.

4. Will the NFT market function be opened?

In the plan, yes. But it is not recommended to trade “ICS Airdrop NFT.”

5. Can the same address receive multiple NFTs repeatedly?

Yes, you can receive NFT by email and the corresponding “Airdrop Redemption Code.”

6. The same address has multiple NFTs. Can ICS tokens be exchanged in the future?

Yes

7. What is the TGE time for ICS?

According to the current publicly-announced information, it will take 3 to 5 months for SNS to be officially launched. Therefore, we have also updated related matters, such as the issuance and public sale of ICS, to Q1 2022.

8. If it cannot TGE due to SNS service Q1 2022, will it continue to be postponed?

Yes. Moreover, the token will be attacked or stolen probabilistically after being issued without the token standard of SNS. It cannot be circulated in the DFINITY ecosystem. This is not the result we want to see.

9. What should I do if I forget the mailbox password?

Sorry, you can contact your email service provider to retrieve your E-mail.

E-mail and “Airdrop Redemption Code” are required to receive Airdrop.

10. The registered email account refers to the one used when filling in the form? Or the email address I filled in the form (Hotmail, Yahoo, Foxmail, Gmail, etc.)?

It is the one filled in by yourself, for example:

11. Will the “ICS Airdrop NFT” be burned after we claim ICS in the future?

Yes, your “ICS Airdrop NFT” will be burned after you claim ICS.

About ICPSwap

The Hub of Future Decentralized Finance

Build on the Internet Computer, ICPSwap establishes an ecosystem of genuinely decentralized finance by refactoring the way users and developers build projects jointly.

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ICPSwap

ICPSwap #DFINITY. The Hub of Future Decentralized Finance.