The week sees us move further into the second half of the year, and enter into September, and our choices are set to benefit from significant developments and announcements that should strengthen their market positions and benefit their communities. The news should also result in increased amounts of attention to each respective currency over the coming weeks.

1. Icon (ICX)

ICON is an interconnecting blockchain network that connects independent blockchains without the need for additional intermediaries and the ICON team provide unique blockchain solutions to banks, hospitals, and universities. The ICON platform represents the next generation of blockchain technology and aims to bring forth decentralized applications (DAPPs) that can be used swiftly and securely by a variety of institutions and communities.

Why Icon?

The team are embarking on a busy period in their development and prior to the scheduled on-chain election, the Icon Foundation has announced that their P-Rep Pre-Voting event will run for 30 days from August 26 to September 24 and will allow ICONists and P-Rep candidates to get to know the voting process which involves delegating their stake to the right candidate to become a public representative. During this period, Icon will be giving away up to 3 million ICX as a reward for early adopters of staking and voting, and the team outline the full process here. The team also advise that all P-Reps and exchanges should upgrade to the latest version of the Citizen node by August 26.

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2. Wax (WAX)

WAX is a blockchain-based gaming platform that facilitates peer-to-peer trading of in-game items such as skins and other virtual goods. The decentralized platform enables anyone to create and operate their own virtual marketplace without needing to invest in security or payment processing protocols. WAX has been developed by the founders of OPSkins, the leading marketplace for online video game assets, and uses the native WAX ERC-20 token.

Why Wax?

The project has recently launched its mainnet, and the team have announced that the deadline for claiming WAX Protocol Tokens ends on August 30 at 5pm Pacific Time. The token swap window began on June 30, and anyone who creates a WAX blockchain accounts and swaps ERC-20 WAX Tokens will become part of the Genesis Block Member (GBM) Program and receive Genesis WAX Protocol Tokens daily for three years. The team outline the token swap process and the staking reward program in their official blog post.

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3. Aeternity (AE)

Aeternity is an open source and Turing-complete blockchain that enables real-world data to be interfaced with smart contracts using decentralized oracles. The project uses a novel hybrid Proof-of-Work (PoW) and Proof-of-Stake (PoS) algorithm and also uses state channels in order to achieve high levels of performance.

Why Aeternity?

The team have announced that the final migration phase for transferring ERC-20 AE tokens is coming to a close with token holders advised to make the transfer before September 2. The team previously announced the following AE token migration schedule:

End of Phase 0 (pre-Mainnet): November 25, 2018

End of Phase 1: February 2019

End of Phase 2: May 2019

End of Phase 3: After 2 September, 2019 (Ethereum AE tokens become non-transferable)

With the end of Phase 3, AE tokens will be non-transferable, although holders will still be able to migrate their AE tokens after the Phase ends as long as they don’t use a smart contract to manage them.

Buy/Sell Aeternity (AE)

How to buy Aeternity (AE) on Binance?

How did the coins perform last week?

The seven day period led to poor results across the crypto market and NEX fell by 8% in value and is currently trading at around $2.44. LSK fell by around 3% in value, and is currently trading at $1.21 and ENG retraced sharply and lost around 26% in value and is currently trading at $0.37. Over the course of the week, the market moved from $270B to $265B.