Icon is a decentralized blockchain-based network that allows for interconnectivity between blockchains, people, and countries. Icon boasts it has independent blockchains made up of prestigious institutions spanning big league industries. Icon intends to create a decentralized network that will allow different governance-backed independent blockchains to transact and interact with one another without any form of intermediaries. Transactions and operations made on the platform make payments with the platform’s cryptocurrency token which is the ICX.
The Icon network consists of different decentralized apps, and one of them is Blockchain ID. The Blockchain ID takes security and identification to a higher level. Members operating in financial security can use Blockchain ID for verification of IDs in other crypto communities. Smart Contracts is the channel through which blockchain ID works.
The token presale which ended in September 2017 was able to raise 150,000 ETH. After the token launch, the ICX token did not go beyond $0.50 for over a month. By Christmas of the same year, it had crossed the $2 mark; furthermore, the value surged into the new year.
- Price $0.332
- Market Cap