ICON (ICX) has announced a test migration to SODAX (SODA) on September 15, 2025, which will involve a one-to-one token swap.
Essence of the Test Migration
ICON (ICX) is launching a test migration to SODAX (SODA) starting on September 15, 2025. This transition phase includes a one-to-one token swap via the Sonic platform, highlighting on-chain actions and the new governance of the project.
Role of SODAX Governance Board
The migration process is overseen by the SODAX Board of Trustees, which was supported through a validator vote. The token swap will demonstrate a commitment to decentralization and improved governance measures for token holders.
Financial Details of the Transition
1.5 billion SODA tokens will be minted for the transition, of which 1.08 billion will be allocated for migration. Existing ICX DeFi activities are expected to remain stable during the migration process.
The test migration of ICON to SODAX marks a significant step for the ecosystem, which could impact token valuation and liquidity while preserving current DeFi activities on the ICON blockchain.
