ICX Price Live Data
The Icon price today is $1.30 USD with a 24 hour trading volume of $67.96M USD. Icon (ICX) is up 0.87% in the last 24 hours.
ICON (ICX) is a decentralized network that acts as an interactive ecosystem for separate blockchains. The ICON network is designed to allow users on one blockchain to interact and transact with users on another. The network is home to numerous financial, governmental and educational institutions who utilize ICON in their everyday business, and the company aims to eventually connect every blockchain, present and future, in the world.
The project’s ICO was launched in late 2017, although the project was in development for a number of years under the South Korean company, theloop. By using ‘loopchain’ technology, the company were able to build personalized blockchains for clients with future connectivity in mind. Now, under the ICON project, those blockchains will provide a pre-existing user base for the ICON network.
ICON uses a loopchain-based blockchain known as Nexus for connecting communities of blockchains together. ICX tokens are the native currency and are used in interactions between users in the network. ICON also plans to integrate a decentralized exchange which will allow ICX to be traded with other coins.