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The project discussed with Brother Pencil in the small group, for specific news, you can take a look at Brother Pencil's investment research. @AdleyWang
The current price of ICON is ₺5.4571. Over the last 24 hours, ICON has increased by +1.68%. It currently has a circulating supply of 1,070,028,672 ICX and a maximum supply of 1,084,162,245 ICX, giving it a fully diluted market cap of ₺5.84B. At present, ICON holds the 154 position in market cap rankings. The ICON/TRY price is updated in real-time.
The rating provided is an aggregated rating collected by OKX TR from the sources provided and is for informational purpose only. OKX TR does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX TR does not guarantee any return, repayment of principal or interest. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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The absence of interoperability in the blockchain and crypto space has been a significant obstacle for the market, hindering mass adoption and limiting functionality. To address this issue, various solutions have emerged, and ICON (ICX) is one such project aiming to provide a solution.
What is ICON?
ICON is an open-source programmable blockchain data aggregator that aims to "hyper-connect the world." Its vision is to create one of the largest decentralized networks in the industry, redefining communities and establishing a seamless interconnected ecosystem.
The project's core goal is to build a framework that allows independent chains, each with its governance structure, to interact and transact without intermediaries. ICON envisions a new era of technology where different blockchain communities can collaborate and exchange value effortlessly.
The ICON team
The ICON team comprises several organizations, with the ICON Foundation playing a central role in development and launch. The project's creation is attributed to ICONLOOP, a well-known Web3 transition company. Additionally, the project was incubated by DAYLI Financial Group, founded by Min Kim, a South Korean entrepreneur.
In addition to these organizations, the ICON team comprises experts from diverse fields, including technology, blockchain, cryptocurrency, sales, and legal expertise.
How does ICON work?
ICON operates on its custom-made blockchain called Nexus, designed to provide higher transaction throughput and interoperability. The project leverages Loopcoin, an innovative technology that acts as an intermediary between networks, eliminating the need for third-party intermediaries.
The key strategy of ICON is the Blockchain Transaction Protocol (BTP), which governs the interaction between independent networks within the ICON ecosystem. Although not entirely new, ICON has revitalized and operationalized BTP as the project's core feature.
The implementation of BTP holds significant advantages for ICON and the blockchain industry as a whole. It enables seamless connections between blockchains that support smart contracts, facilitating the exchange of valuable information and assets across multiple networks. As a result, developers can save time and resources while users gain the ability to build and launch decentralized applications (DApps) on the ICON platform.
ICX: ICON’s native token
ICX is the native token of the ICON project, serving as a utility token for seamless exchange between networks. It operates as a cryptocurrency available for purchase and trading on various centralized exchanges. With its ability to process thousands of transactions per second (TPS), ICX plays a crucial role in the efficiency of the network. ICX offers staking opportunities, allowing users to participate in the network's security and governance.
ICX tokenomics
ICX tokenomics involve a maximum supply of 970.4 million ICX and a circulating supply of 959.8 million ICX. As the project's native token, ICX plays a crucial role in powering the network and facilitating the exchange of assets across the ICON ecosystem.
ICX use cases
ICX is a third-party currency facilitating the exchange of assets and information between different networks within the ICON ecosystem. Additionally, it is a tradable cryptocurrency available on various crypto trading platforms like OKX TR. Moreover, ICX acts as a payment settlement tool, ensuring faster transaction speeds for users on the ICON network.
Distribution of ICX
ICX is distributed as follows:
Fifty percent was sold during ICON's token sale.
Seventeen percent is kept as the ICON reserve.
Thirteen percent is managed by the ICON Foundation.
Ten percent is allocated for community growth and strategic partners.
Ten percent is allotted to team advisors and early contributors
What does the future hold for ICON?
As ICON pursues its roadmap goals, the team aims to introduce new features, enhancing its genuinely decentralized platform of interconnected networks. They are also working on improving the functionality of the ICX token, with a focus on enabling faster transactions per second.
In a rapidly expanding crypto space, the demand for interoperability between diverse blockchains grows. ICON's commitment to facilitating this objective positions them to play a significant role in advancing the blockchain industry.
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Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 10K new posts about ICON, driven by 5.8K contributors, and total online engagement reached 162M social interactions. The sentiment score for ICON currently stands at 92%. Compared to all cryptocurrencies, post volume for ICON currently ranks at --. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of ICON.
Powered by LunarCrush
Posts
9,982
Contributors
5,840
Interactions
162,116,811
Sentiment
92%
Volume rank
--
X
Posts
932
Interactions
4,729,016
Sentiment
32%
ICON FAQ
What is ICON?
ICON is an open-source blockchain project with a vision to hyper-connect the world. Addressing the long-standing challenge of blockchain interoperability, ICON aims to create one of the most decentralized networks in the industry. It seeks to redefine communities and foster an interconnected ecosystem by doing so.
What are the utility and benefits of holding ICX?
Holding ICX offers various utilities and advantages to users. ICX holders can trade the tokens or stake a portion of their holdings to earn rewards on the network. As the native currency for all applications on the ICON blockchain, ICX can be used for seamless transactions within the ecosystem, including payments and transaction fees. Additionally, ICX serves as a currency within decentralized apps (dApps) operating on the ICON network.
Where can I buy ICX?
Easily buy ICX tokens on the OKX TR cryptocurrency platform. One available trading pair in the OKX TR spot trading terminal is ICX/USDT. You can also swap your existing cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), for ICX with zero fees and no price slippage by using OKX TR Convert.
How much is 1 ICON worth today?
Currently, one ICON is worth ₺5.4571. For answers and insight into ICON's price action, you're in the right place. Explore the latest ICON charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as ICON, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as ICON have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX TR does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX TR. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates (“OKX TR”) are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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