Originating in South Korea, the ICON network is supported by the South Korean government and Samsung. ICON (ICX) provides a platform and protocol for different blockchain networks to communicate. ICX, ICON’s native cryptocurrency, can be traded on several exchanges worldwide.
ICON describes its mission as establishing a digital nation where traders and investors have the ability to choose and control independent forms of value away from the traditional financial system.
If you want to learn more about ICON and the ICX token, we have what you're looking for.
What is ICON?
ICON serves to connect different blockchain networks in order to generate more widespread adoption of blockchain. Blockchain networks are increasingly being used to securely transfer or store data. ICON works with partners in government, finance, and healthcare to protect personal information and ensure privacy.
ICON aims to "hyper connect the world" by "building one of the largest decentralized networks in the world." The company intends to create this network of nodes by distributing the token ICX.
ICON launched its Initial Coin Offering (ICO) in September 2017, raising $3 million. The ICO contained half of the ICX token supply, giving the company a market cap of $86 million at the time. The ICON project officially launched its blockchain network in January 2018, with supporters of the project receiving their tokens in June of the same year.