ICON is the first South Korean crypto project, launched in June 2015 under the leadership of Theloop, founded as a result of the merger of Dayli and three Korean universities. The team working on the project included experienced specialists, including the CEO of Dayli Intelligence KJ Eee, product manager YG Lim, one of the managers of DANF US Byun, etc.
Official website - < a href="https://icon.foundation/">icon.foundation
Description, goals and objectives of ICON (ICX)
The South Korean ICON project is intended to unite and interaction between different blockchain platforms, which allows users of other popular decentralized platforms to make transactions with each other. In turn, other developers can use the ICON platform to create and subsequently join their own blockchain model.
The ICON project creates a decentralized open-source ecosystem, thereby allowing various areas of modern life (financial, medical, educational, commercial, etc.) to interact without third-party networks charging a commission for transactions. The main means of payment in this case is the ICON (ICX) cryptocurrency.
The main goal of the ICON developers is to allow users to pay with ICX coins for products and services to organizations directly operating in the ICON Network. This will help communities break free from the traditional economic system and develop closer ties with other communities.
Technical characteristics of ICON
The decentralized ICON platform has the following technical characteristics:
- the presence of Loopchain smart contracts that allow you to meet various operational requirements and connect to others networks of the ICON platform;
- Reliable Environment function (SCORE platform), thanks to which smart contracts are executed directly;
- LFT algorithm, which allows processing many transactions in real time;
- blockchain signature infrastructure (BSI);
- compatibility with other networks.
In addition, the ICON platform works with blockchains Ethereum, Bitcoin, etc. Annual project inflation does not exceed 20%.
Purchasing ICON (ICX)
Buying the ICON (ICX) cryptocurrency is the only way to acquire this type of token, since mining is not provided on the ICON network. Today there are enough exchanges where you can buy ICON (ICX) cryptocurrency for USD, BTC and ETH, for example:
- Binance;
- OKEx. < /ul>
To do this, you need to register on the exchange, top up your account with cryptocurrency, go to the trading interface and make a purchase.
ICX storage
To the question of where to store the ICON cryptocurrency (ICX), the answer is clear - the MyEtherWallet wallet, which allows you to transfer and exchange tokens in the ICON system through a decentralized exchange service in real time. An alternative option for storing ICX is crypto exchange wallets.
Prospects for the ICON (ICX) cryptocurrency
A review of the ICON (ICX) cryptocurrency allows us to say with confidence that we are dealing with a very promising project. This token will be an excellent addition to your investment portfolio, as it has a number of undeniable advantages.
Firstly, the platform is developed by a team of reputable developers.
Secondly, ICON has a unique technological component.
Thirdly, the project has received the support of the Korean government and is actively cooperating with leading companies and corporations that are making serious investments in it.
Conclusion
At the end of January 2018, the average cost of one ICX coin was $8. And it has high growth potential. Experts and analysts do not deny that ICON has every chance of becoming a serious competitor to other blockchain platforms in the near future.
