Icon

ICON description ICON is a Korean project of theloop which is designed to unite all banks, universities, commercial establishments, hospitals, etc. into one blockchain network. According to the creators...

ICON description

ICON ICX

0.18691038611367 USD -1.17%)

0,00000189 BTC

rank

325

Market cap

194.1 M USD

volume (24h)

6.9 M USD

ICON is a Korean project of theloop which is designed to unite all banks, universities, commercial establishments, hospitals, etc. into one blockchain network. According to the creators of the project, blockchain technology can make the activities of all these institutions more efficient and could allow cryptocurrencies to be widely used to pay for real goods and services.

Features of ICON:

• excellent realization of the potential of smart contracts;
• fast transaction processing;
• good scalability and modular architecture;
• limited inflation (20% per year);
• possibility of cooperation with other blockchains;
• system of encouraging users to be active.

ICON team

KJ Eee — Fund manager. He is a specialist in computer science and engineering and the creator of the Suhosin firewall.

YG Lim — Manager. He is an expert in economics and marketing and has a wealth of experience in business planning in large banks.

ByeongKil Sohn is a leading blockchain developer. He has a Bachelor’s degree in Computer Science and a Master’s in Software Engineering.

Sunghwan Kim is the head of artificial intelligence. He is an Information Technology specialist.

US Byun is the lead designer. He previously worked at Samsung electronics.

ICON tokenomics

More than $100 million was raised during their ICO. ICX coins were added to exchanges on December 21st of last year at a rate of $2.97 per coin. At the time of this writing, the price for one coin is $0.620037. The market capitalization is $240,221,862. The total amount of coins available are 800,460,000. The amount in circulation is 387,431,340 coins. The currency is not available for mining.

Conclusion

ICON is an ambitious startup with the goal of introducing blockchain and cryptocurrency into the real world to solve everyday tasks: optimizing administrative and business processes, as well as paying for goods and services. This task has been completed at the highest level, which indicates the seriousness with which the team approaches the matter. This is supported by the fact that the project had been developed for a long time (since 2015) and that real scientists took part in this process. The speed at which funds were raised on the ICO shows a high level of trust in the project among society and large businesses.