ICON Price & Charts



Icon News

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  • ICON Monitor November 16, 2019
    Everstake releases a new monitoring tool for the ICON network ​ https://twitter.com/everstake_pool/status/1195718353639346189 submitted by /u/everstake [link] [comments]
    /u/everstake
  • ICON & MyID featured in latest Mineable video. November 16, 2019
    submitted by /u/TheCoiniac [link] [comments]
    /u/TheCoiniac
  • Everyone get excited! November 15, 2019
    I was getting weary with ICX (for the billionth time) and then I reread the amazing article written by Markus article found here. Honestly, on a read through again, it is VERY apparent that the foundation is making very solid progress against initiatives they looked to implement years ago. There were disappointing parts of the […]
    /u/IYRTITL177
  • ICON IISS and Decentralized Governance Feedback Survey for P-Rep. 🎤 Answer and win 200 ICX 💰 November 14, 2019
    ICON Foundation is currently collecting feedback from P-Reps, but I figured - why not ask the community too? I'm really looking forward to see what the community thinks and whether views of the community and P-Reps are aligned. I'll send 200 ICX to randomly selected person who meaningfully (up to me to decide, sorry. Simply […]
    /u/blockmove
  • Afraid of the burn? 🔥 Don't be! Here is why November 14, 2019
    submitted by /u/blockmove [link] [comments]
    /u/blockmove
  • POS Bakerz: ICON (ICX) Roadmap November 14, 2019
    submitted by /u/POSBakerz [link] [comments]
    /u/POSBakerz
  • Circular Economy to increase the value of Tokens November 14, 2019
    submitted by /u/ibrizai [link] [comments]
    /u/ibrizai
  • Beta testing Ledger support on MyIconWallet.com open November 13, 2019
    With the successful launch of the new Icon testnet yesterday, today we’re opening up the final stages of testing Ledger support for MyIconWallet. More details - https://www.reliantnode.com/education/beta-testing-myiconwallet-ledger submitted by /u/mj-reliantnode [link] [comments]
    /u/mj-reliantnode
  • Introducing "RHIZOME Wire," a weekly newsletter for ICONists November 13, 2019
    RHIZOME is excited that this Friday will be the official launch of RHIZOME Wire, our new weekly newsletter dedicated to ensuring ICONists are up-to-date on the latest news, analysis, and activity in both the ICON community and blockchain industry. Each weekly newsletter will include either some or all of the following: Exclusive analysis on relevant […]
    /u/iconographer-icx
  • DICE Coming Soon to ICONbet! November 13, 2019
    Hi ICON Community! ICONbet is still building and we are excited for our upcoming release of a DICE game! DICE has been a classic game across many DApp platforms and we are excited to bring it to ICONbet community. DICE is expected to launch at the end of November! Telegram Twitter ​ DICE Teaser submitted […]
    /u/Willy_Beamish21

What Is Icon ?

ICON

The icon is a blockchain technology designed to link independent blockchains to interact with each other and to achieve greater results. It can be regarded as blockchain of blockchains meaning creating a new world by hyper-connecting different communities of blockchains. There will be no intermediaries to aid in Blockchain A interacting with Blockchain B, this is what ICON intends to achieve using its’ platform.

What ICON aims to achieve is already in a existence but in a centralized system. ICON aims to decentralize the existing structure thereby removing boundaries that have been existing in a centralized system. Imagine a Chinese hospital obtaining permission to work with a patient’s data stored in Malaysian hospital database; how long will it take? With ICON, all data will be decentralized and will be accessible in seconds.

The ICON is a Korean start-up blockchain and claimed to be the #1 blockchain company in Korea. The coin is called ICX and recently concluded its’ ICO.

Little preview how ICON works

It uses a loop-chain structure, ICON links a community of blockchains via ICON republic. The ICON is the governing head for the communities also known as the federating units.

Blockchains can interact with the Republic at large via community representatives known as C-Reps, that links to Nexus(facilitator), C-Reps is the Portals for Nexus and communities to interact. extending that interaction to the ICON Governing head.  Blockchains that are linked to ICON can exchange their respective currencies via the platform’s distributed exchange (DEX).

TEAM

ICON’s team is made up of 31 seasoned professionals from different fields of endeavours: A.I, Engineering, Marketing, Blockchain, etc.

The advisory team include Don Tapscott(Senior executive based in Canada) and Jason Best(one of the Forbes’ organizers) and other six members.

PRACTICAL USES

  • ICON uses DApp built with a Smart contract for financial security, mostly used to verify IDs in other communities.
  • Because of security features in DApp , it is used for Payment & Exchange
  • ICON’s Blockchain ID can be used for verification in all blockchains within the ecosystem.
  • Many financial institutions in Korea use ICON’s Blockchain ID identity for the opening of the account, verification of account holder’s identity etc.
  • ICON’s Decentralized Exchange can be used in day-to-day activities with our blockchain network – banks, Forex and securities, universities, and insurance.

MINING

ICON cannot be mined but can be staked. It uses both DPoS(Delegate Proof of Stake) and PoS(Proof of Stake). One can earn ICX by getting an ICON wallet as the first step from an approved source. Add ICX to the ICON ’s wallet and ensure that, the wallet is connected to the network. One will receive a reward in the form of ICX token and the higher the token in the wallet, the bigger the reward.

 

NOTES FOR INVESTORS

The total token supplied in the just concluded ICO (Sept. 2017) was 400,230,000 ICX at a given exchange rate of 2,500 ICX for each ETH.

In December 2017, it took off on a high note with an all-time high of $7.30 and this was a major upset. It was 10x the price sold during the ICO.

Currently, it is at $3.389 and a market capitalization of $1,242,514,483 which makes it 25th in overall on coin market.

ICON has a viable product, expect the price to climb astronomically before the end of 2018, investors take note.

MUST READ!

This report is not an endorsement to invest in ICON, rather, it’s an expression of the writer’s observation about the cryptocurrency. You are advised to do a consultation before investing.