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Name

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Summary

ICON is a public blockchain protocol building a hyperconnected future with BTP, chain-agnostic interoperability solution.
ICON’s ICX cryptocurrency was originally released as an ERC-20 token on the Ethereum blockchain in 2017, all tokens were migrated in 2018 when the ICON main net launched.
The ultimate goal is to provide a hybrid blockchain platform where disparate blockchains can share value and data seamlessly.

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Rating

B

Symbol

ICX

Overview

ICON is one of the largest blockchain networks in the world. Our decentralized network allows independent blockchains with different governances to transact with one another without intermediaries.
ICON already boasts independent blockchains comprised of reputable institutions in major industries – banks, securities, insurance, hospitals, universities, and more.

Historical Price Movement (in INR)

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Technology

ICON's Blockchain Transmission Protocol (BTP) enables cross-chain communication between smart contract-enabled blockchains.
ICON uses the self-developed Loop Fault Tolerance (LFT) consensus mechanism. Built on on the Byzantine Fault Tolerant (BFT) Tendermint mechanism, LFT improves it by increasing performance through a consolidation of network messages.
ICON also includes loopchain, a smart-contract oriented bloc chain that is based on the Smart Contract On Reliable Environment (SCORE) protocol. Based on loopchain, ICON sports Loop Fault Tolerance (LFT) that aims to ensure faster network consensus without the possibility of forks by maintaining a group of trusted ICON nodes.
Use of Native tokens in the ecosystem:
ICX is the currency that powers the ICON ecosystem. ICX has a variety of use cases including staking, network governance, collateralization on DeFi platforms, and more.

Founders & Project

50%

Token Sale

50%

Volume ( as of 25th april 2022)

$33,980,491

Total Supply

926,210,351 ICX

Circulating Supply

919,483,096 ICX

Crowd Sales

19/092017- ICO - $42.7M

Funding

NA

Country

Switzerland

Name of Organisation

ICON Stiftung (ICON Foundation)

Year Incorporated

2017

Registered Address

Gubelstrasse 11, Zug, Switzerland

Dispute Resolution and Governing Law

Switzerland

Country Risk Assessment

A1

Founding Team
Name Designation Education Experience
Min Kim Founder University of California, Berkeley, Haas School of Business: Bachelor's Degree, Business Administration 18 yrs
Daeki Lee Founding member council University of California, Berkeley, Haas School of Business: B.S, Business Administration 13 yrs
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