ICON Project

(ICX) Price

$0.3359 -0.06989 (-17.22%)

ICON Project (ICX) price

ICX - USD
  • ICX - USD (United States Dollar)
  • ICX - EUR (Euro)
  • ICX - GBP (British Pound Sterling)
  • ICX - RUB (Russian Ruble)
$0.3359 -0.06989 (-17.22%)
0.00000000 BTC (-12.18%)
Real Time Data

Market cap

$174,808,553

520,449,426 ICX

Volume (24H)

$36,639,721

109,085,749 ICX

Day's range

$0.3145 - $0.4058

0.00003261 BTC - 0.00004207 BTC

Last trade

3.90000000 ICX

hitbtc $1.29

Open price (24h)

$0.4058

52 Weeks. Low - High

$0.1000 - $0.6000

Supply

800,460,000 ICX

Max supply

400,230,000 ICX

Latest Closing Price

Open/Close in UTC time

Date Close Price Open price Volume (24H) Market Cap Day's range
Feb 10, 2020
$0.4082
$0.4371
$63,533,751 15,908,153 ICX
$211,648,412
$0.4034 $0.4467 $0.4082
Feb 11, 2020
$0.4180
$0.4082
$49,735,618 10,660,181 ICX
$216,292,625
$0.3968 $0.4260 $0.4180
Feb 12, 2020
$0.4250
$0.4180
$74,594,662 11,463,525 ICX
$223,164,368
$0.4116 $0.4360 $0.4250
Feb 13, 2020
$0.3806
$0.4250
$70,206,729 14,084,431 ICX
$207,028,144
$0.3800 $0.4280 $0.3806
Feb 14, 2020
$0.3995
$0.3806
$42,579,051 9,850,185 ICX
$207,097,873
$0.3799 $0.4046 $0.3995
Feb 15, 2020
$0.3631
$0.3995
$49,252,104 5,493,935 ICX
$189,243,465
$0.3603 $0.4128 $0.3631
Feb 16, 2020
$0.3469
$0.3631
$39,677,408 10,906,096 ICX
$180,413,208
$0.3221 $0.3710 $0.3469
More Historical Data

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