ICON Project

(ICX) Price

$0.6589 +0.1094 (+19.91%)

ICON Project (ICX) Price

ICX - USD

$0.6589
+0.1094 (+19.91%)
0.00010167 BTC (+18.46%) Real time data

Last trade

100.00000000 ICX

hitbtc $62.54

Market cap

$257,107,121

390,206,588 ICX

Volume (24H)

$24,717,757

37,513,670 ICX

Day's range

$0.5299 - $0.6637

0.00008176 BTC - 0.00010241 BTC

Open price (24H)

$0.5495

52 weeks - low

$0.1500

52 weeks - high

$14.50

52 weeks - AVG volume

$24,501,803

Supply

387,431,340 ICX

Max supply

400,230,000 ICX

Details

Type
Token
Block
Mineable
Since
Oct 24, 2017
Algorithm
N/A
Proof Type
LFT

What is ICON?

The ICON project aims to integrate cryptocurrencies by creating a decentralized hyper-connective network that links Blockchains across various industries, creating a nexus across countries, governments, corporations, and businesses. 

The History and Team behind ICON (ICX)

ICON is a project created in Korea by Theloop Company which is in charge of development of the network, smart contracts, and ICON Nexus Development. The network was launched in 2016 with the developers creating an open source network for the loop chain in Q3 of 2017. The ICON token, ICX was offered to the public through an ICO in Q4 of 2017 and was listed on various exchanges. A total of $42,750,000 was raised through the ICO with each token priced at $0.11.

The team comprises of 120 ICON Community developers who are predominantly Asian, given it is a project started for Koreans. The coin was founded by KJ Lee, JH Kim, Hoon Lee, Min Kim and Jay Kim. All have previously worked in the field of Blockchain and are working on other Blockchain products as well. The ICON development team is led by a well-known cryptographer and core developer, YG Lim. He is the lead developer and product manager.

ICON Functions

The ICON project has five components that allow for ease and seamless use of Blockchain technology:

  1. The ICON community
  2. ICON C-Node
  3. ICON Republic
  4. Citizen Node
  5. The Community Representative from the ICON Nexus who connects each Blockchain together in instances where users of the ICON platform do not know the Blockchain they are using.

The network allows a form of atomic cross-chaining between different Blockchains and adopts the Proof-of-Consensus (PoC) system to enable processing of real-time transactions. Through the Loop Chain, which is a fast and fork-less consensus Blockchain, a faster consensus can be reached by connecting multiple nodes to a mutual trust pool based on the Loop Fault Tolerance (LFT).

Mining and Ownership

ICON is an Ethereum-based ERC20 token that is written based on the smart contract Blockchain technology introduced by Ethereum. The ICON token has no pre-mining or mining platforms or procedures. The developers created the Blockchain, and the total supply was sent to exchanges immediately. New ICX tokens will be determined through Community Representation (C-Rep) consultations.

The coin was offered through a public sale in September 2017. The ICO (initial Coin Offering) had a target of 150,000 ETH ($37.5 million) and the total supply of tokens was 400,230,000 ICX. The number of tokens sold in the ICO was 50% of the total supply. 

Price Analysis

The coin was first offered in September 2017 at a price of $0.11.

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Latest Closing Price Open/Close in UTC time

Date Close Price Open price Volume (24H) Market Cap Day's range
Aug 16, 2018 $0.5515 $0.5081 $13,075,670 23,709,284 ICX $216,199,906 $0.4975 $0.5712 $0.5515
Aug 15, 2018 $0.5081 $0.5336 $18,349,964 36,114,868 ICX $201,842,191 $0.5047 $0.6950 $0.5081
Aug 14, 2018 $0.5336 $0.5688 $20,969,349 39,297,881 ICX $215,297,423 $0.4593 $0.6165 $0.5336
Aug 13, 2018 $0.5688 $0.6867 $15,915,689 27,981,169 ICX $233,303,876 $0.5647 $0.8999 $0.5688
Aug 12, 2018 $0.6867 $0.6539 $8,446,416 12,300,009 ICX $269,618,795 $0.6469 $0.8829 $0.6867
Aug 11, 2018 $0.6539 $0.7196 $13,311,315 20,356,806 ICX $260,628,414 $0.6271 $0.9900 $0.6539
Aug 10, 2018 $0.7196 $0.7883 $11,716,441 16,281,880 ICX $281,668,830 $0.6979 $1.15 $0.7196
More ICON Project Historical Data

ICON Project Exchanges

Exchange Pairs Price Open price Range (24H) Volume (24H) Change Updated
HitBTC ICX/USD $0.6589 $0.5503 $0.6637
$0.5299
$1,384
2,100 ICX
+19.73%
$0.1086
Recently
More ICON Project Exchanges