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ICON (ICX) Statistics

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ICON

ICX

0.24457833
Price (USD)
0.33%
24h Change
0.00006181
Price (BTC)

Cryptocurrency Information

All-Time High USD
13.1645
Since All-Time High Change
-98.14%
All-Time High Date
2018-01-09

Marketcap (BTC)
29,261.14285178
Marketcap (USD)
115,785,017.95

24h Volume (USD)
6,806,460.29

7d Change
13.60%
14d Change
16.97%
30d Change
6.67%

Circulating Supply
473,406,688
Total Supply
800,460,000

Influence Statistics

Alexa Rank
263363
Facebook Likes
7095
Twitter Followers
111277

What is ICON?

ICON is a blockchain technology and network framework designed to allow independent blockchains to interact with each other. ICON is supported through a cryptocurrency token, called ICX. ICON is a South Korean-based company that developed a blockchain technology and accompanying cryptocurrency token called ICX. The company bills itself as an interconnected blockchain network, allowing participants in a decentralized system to “converge” at a central point.

This is done by connecting a community to other communities through ICON Republic and Citizen Nodes. While blockchains are most commonly associated with cryptocurrencies, enthusiasts point out other areas where the technology can be applied. Any exchange of information can technically be added to a blockchain, though adding some types may not be cost-effective. Transactions involving securities, currencies, business contracts, deeds and loans, intellectual property, and personal identification could be “tokenized.

ICON’s blockchain is more like the Plasma or Ontology blockchain in that its purpose is to act as an intermediary between other blockchains and networks. This interconnectability makes the ICON project worth keeping an eye on over the next decade.

ICON sports its very own decentralized exchange. This DEX sets currency reserves for each blockchain community so that ICON communities can exchange value in real time through the ICON Republic. In this way, DEX complements C-Rep portals by establishing another gateway for ICON Communities to connect to the ICON Republic.