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Icon ICX Review: Everything We Found Out

► Purchase ICX:


⛓️ 🔗 Useful Hyperlinks 🔗 ⛓️

► Web site:
► Whitepaper:
► GitHub:
► Staking on ICON:


📱️ Socials 📱

► Official Weblog:
► Twitter:
► Telegram:


📝 Challenge Overview 📝

ICON is a decentralized transaction platform that permits blockchains with various governance strategies to work together with each other.

It goals to present universities, hospitals, and monetary establishments the power to speak with each other throughout blockchains.

⚙️ Know-how ⚙️

There are three parts of the ICON community and they’re the C-node, the C-Rep and the Citizen Node.

The C-node is the node that impacts the consensus a part of the Group. C-Nodes can be utilized by each organizations like colleges, hospitals, and banks, or by people. With a C-Node, node insurance policies are outlined by the members of the neighborhood.

The C-Rep is a consultant of the neighborhood. It votes on governance, transaction verifications, and is chosen by the neighborhood. A C-Rep might change from one node to the subsequent or from scenario to scenario.

The ICON Republic is the protocol used to attach varied communities to 1 one other. It’s made up of Group Representatives together with different Citizen Nodes.

The citizen node is a person node on the loopchain part of the ICON blockchain. Citizen Nodes would not have voting rights, and solely have permissions to create transactions.

Loopchain is a high-performance community for enterprise use. It has Sensible Contract options and is customizable.

ICON makes use of a Loop Fault Tolerance consensus mechanism which is an enhanced Byzantine Fault Tolerance Algorithm.

Different options included within the ICON blockchain are its IISS in addition to its broader dApp choices.

💰️ Token 💰

The ICX token had been initially bought as ERC20 tokens in a crowdsale ICO that occurred in September of 2017. ICON was solely accepting ETH, with a goal of 150,000.

The launch noticed a complete of simply over 400 million ICX tokens bought at a charge of 1 ETH for two,500 ICX.

In October of 2018, ICON accomplished a token swap the place the ERC20 tokens had been exchanged for the native ICX tokens. With ICONex pockets, those that maintain ICX are supporting the ICON community, in addition to voting on how the blockchain is ruled.

👨‍💻️ Crew, Companions & Growth 👨‍💻

ICON relies in South Korea and a lot of the basis board are from there.

ICON boasts an expansive workforce, with over 150 members throughout three distinct departments: Growth, Enterprise and Advertising and marketing, and Operations.

ICON additionally has a reasonably established Advisory board together with the likes of Don Tapscott. There are additionally quite a lot of partnerships with blockchain based mostly corporations together with the Blockchain Interoperability Alliance, Pantera Capital, Consilium and Crypto Bazar.

📈 Buying and selling & Wallets 📈

ICX is listed on quite a lot of exchanges together with BitHump, CoinEx, Binance OkEX and many others. In addition they lately had been listed on Kraken.

Over 77% of that is going down in Korean Received on BitHump which might result in liquidity issues. There are sturdy order books on the likes of Binance with first rate turnover on the ICX / BTC order books.

For storage, ICON has their very own native pockets that can be utilized for staking. You may as well retailer your ICX in a {hardware} pockets like a ledger or a Trezor.


📜 Disclaimer 📜

The data contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who shouldn’t be a licensed monetary advisor or registered funding advisor. Buying and selling Foreign exchange, cryptocurrencies and CFDs poses appreciable danger of loss. The speaker doesn’t assure any specific end result.

#ICON #ICX #crypto #Staking #Evaluation #Korea #Fintech #blockchain #buying and selling #cryptocurrency

Source: Coin Bureau

46 Responses

  1. Please make an updated ICX video. So many partnerships have taken place along with ICON 2.0 launching in July 2021 with defi & interoperability as default.

  2. Thanks for a no-BS, educational highlight of ICX. Too many fan-boy channels out there. Looking to pick up a bunch of ICX for a swing trade when it hits $5. One question I have is this: what happens when a startup company like Icon gets bought out by a larger company, e.g., Ethereum? Are the coins from the smaller company converted to the larger company's coins? Or do they still exist as a stand-alone entity under the larger company's umbrella?

  3. Great video but I have 2 issues. First, Cardano doesn't have a finished product or massive partnerships so it's not competition. Also, the trading volume for "Bithumb" is no longer accurate because it's not #1 anymore. Binance, Kraken, etc are also contributing to volume outside of Korea. Maybe you can make an updated video on ICON later this year.

  4. Bitthumb is probably wash trading. Usually it's not like that. They will be implementing Parralell processing which should increase the TPS count to 10k from the current 500-1000 tps~ that they currently have. They also have prominent partners and are working on myID that has 38 prominent partners in south korea that you should have included in the video. Other than that I really enjoyed this, thanks.

  5. Could you make a video to explain the relationship between ICONLoop & ICON? ICONLoop has big partnertships, even with Seoul and POSCO who is a South Korean steel-making company headquartered in South Korea. They have over 22 subsidiaries ranging from engineering, architecture, culture and welfare, amongst others. They have a revenue of over US $60 billion dollars and have branches all over the world.

  6. Awesome channel, thank you!

    I and many I know have been waiting for something like this.

    I believe you have found a great gap in the this market, people have too many options to look at, not enough time and/or accurate information out there to build an accurate picture of each project and its future prospects.

    If I may make one point, though it may be one I may be wrong to make since I still haven’t watched many of your videos, but I believe that adding a sequenced structured presentation by breaking down a project in to key areas, something like:

    1 Use case
    2 Target market
    3 Competitors
    4 Current implementation and/or future implementation plans
    5 Team
    6 Partnerships
    7 your thoughts/opinions and concerns

    To be presented in the same order across all videos.

    Breaking them down and adding the time code for each on the description would be truly incredible and I believe your channel would at worse be the perfect starting point for people to get information on each coin reviewed.

    Wish you all the best and again, thank you!

  7. Icon Prevoting period is extended. Huge staking rewards, allotted daily. Restake your rewards and snowball your votes, you can have significant impact on community outcome. You can access the wallet from a chrome extension, and use this same extension on the brave browser as well, which is quite safe.

    18.4 percent of the entire supply of icx is now staked, growing each day. As actual usage of the tokens get pulled to stake more, and therefore vote, community participation will lead to increasing heath of the overall project. More participants will likely trigger faster growth and roll out.

    Icx is a leading platform in s. Korea, and Korea is a major portion of the entire crypto market

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