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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.
Rating
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)
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 |
