ICON

ICON

Created using Figma
Created using Figma
The ICON project is building one of the largest decentralized networks in the world. In the ICON world, independent blockchains with different governances can transact with one another without intermediaries. Enter into a world of true hyperconnectivity.
Sep 20, 2017
Oct 12, 2017
100% completed
$42 561 000
22.8 K
100% goal completed
past
Sep 20, 2017
Sep 20, 2017
100% completed
Raised funds - no Data
22.8 K
past
Token Details
Ticker
ICX
Company Details
Registered Country
Switzerland
Additional Details
Categories
Platform

About ICON

ICON already boasts communities comprised of reputable institutions – banks, securities, insurance, hospitals, universities, and more. ICON’s decentralized applications (DAPPs), including Blockchain ID and Payment & Exchange, can benefit current and future communities.

For instance, Blockchain ID can be issued by financial securities community and be used for ID verification in all other communities. Likewise, ICX issued by hospitals can be used for payment & exchange in all other communities.

Blockchain ID
Blockchain ID is issued through Smart Contract and can be used for verification in all communities. Open your next bank account in seconds. Receive student discounts without showing physical student IDs.

Payment & Exchange
ICON Wallet can transfer, settle, and exchange currencies in real time through DEX (Decentralized Exchange). It can be used in our everyday lives with our community network – banks, securities, insurance, universities, and much more.

Usability
ICON brings blockchain technology into our everyday lives. The team behind ICON has been building real-world applications for real communities. In addition, ICON will benefit from ‘DAVinCI,’ our artificial intelligence solution trusted by some of the largest financial institutions in the world.

Features

- Based on proprietary blockchain technology (Korea government-supported open source project);
- MVP (KYC Authentication) launching in September 2017 with 25 securities firms;
- Integration of proven AI solution used by some of the largest financial institutions including AXA Insurance.

Technical Info

Technical details:  ICON operates on loopchain with following technical features: - LFT (Loop Fault Tolerance) is an enhanced BFT (Byzantine Fault Tolerance)-based algorithm that promotes faster consensus and ensures the finality of the consensus without the possibility of forks within the network. - SCORE, loopchain's own Smart Contract platform, ensures contracts to run directly in the node operation environment without a separate Virtual Machine. - Multi-channel feature allows multiple independent channels to be created within the same blockchain network to execute request, consensus, and Smart Contracts separately. - Tiered access system to differentiate access rights to nodes with different functions The source code:  The code is fully available on Github. Proof of developer:  Public team

ICON Roadmap

  • Sep.2017

  • Pre Sale Start
  • Oct.2017

  • Token Sale Start
  • 4Q. 2017

  • MAIN NET Launch Decentralized Exchange Launch Wallet WEB/iOS/Android

Activity

Activity:
56
LOW
Posts:
3 284
VERY HIGH
Views:
69 659
VERY HIGH
Activity:
56
LOW
Merit:
0
VERY LOW
Posts:
3 284
VERY HIGH
Views:
69 663
VERY HIGH
Users:
817
VERY HIGH
Posts:
123
MEDIUM
Followers:
781
LOW
Likes:
672
LOW
Rating:
5
VERY HIGH
Followers:
112 242
VERY HIGH
Tweets:
601
VERY HIGH
30 Days Growth:
7
Members:
18 728
VERY HIGH
30 Days Growth:
-748
Alexa
Rank:
174 333
HIGH
Delta:
4 474
Year commits:
13
Watchers:
68
Stars:
214
Forks:
74
Open issues:
8

Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

KJ Eee
Foundation Council
unverified
JH Kim
Foundation Council
unverified
Jay Kim
Foundation Council
unverified
Hoon Lee
Foundation Council
unverified
YG Lim
Product Manager
unverified
Nathan Kim
Product Manager
unverified
Flora Kim
Product Manager
unverified
Amy Jung
Product Manager
unverified
Jiyoung Lee
Product Manager
unverified
Henry Hyunil Lee
Product Manager
unverified
Dongok Ryu
Blockchain Developer
unverified
Hyunkoo Shin
Blockchain Developer
unverified
Jintae Hwang
Blockchain Developer
unverified
Junghwan Ahn
Blockchain Developer
unverified
Jungsang Yoo
Blockchain Developer
unverified
Jinho Yoo
Blockchain Developer
unverified
Sunghwan Kim
AI Department Leader
unverified
SH Park
AI Director
unverified
Seok Heo
AI Developer
unverified
ST Kwon
Data Engineer
unverified
SY Kim
Product Manager
unverified
US Byun
UX Design Department Leader
unverified
Foundation Council
unverified
Mingyeong Song
Design Department Manager
unverified
Gail Kang
Marketing Department Leader
unverified
Kyungmin Chun
Security Department Leader
unverified
Joon Heo
Security Department Manager
unverified
ByeongKil Sohn
Blockchain Developer
unverified
Chunghyun Kim
Blockchain Developer
unverified
Heizel Kim
Blockchain Developer
unverified

Advisors

Verified 13%

Attention. There is a risk that unverified members are not actually members of the team

Jehan Chu
Strategic Advisor
unverified
Ismail Malik
Advisor
unverified
Jason Best
Advisor
unverified
Yiseul Cho
Advisor
unverified
Simon Seojoon Kim
Advisor
unverified
Ismail Malik
Advisor
unverified

Last News

$ 0.2058
-1.13%
Coin Stats
Daily, %:
-1.13%
Weekly, %:
-16.54%
Monthly, %:
-64.86%
Market Info
Market Cap:
$ 97.494 M
Volume 24h:
$ 4.663 M
Circ. Supply:
473.407 M ICX
Ticker:
ICX
3.87
stable
5.0 11
ICO Profile Vision Activity Potential Product Team

ICON Reviews

crushcrypto.com
review

Opportunities:
The company is started by a Korean FinTech startup that is valued at $4 billion. It is now established as the market leader in Korea with the largest blockchain network, with over 40 organizations in the financial services, insurance, education, and hospital space.
The project has been under development for over 2 years and has real world applications. The first production blockchain service, a KYC authentication platform, was launched in August 2017 with 25 securities firms.
An experienced team is running the project. DAYLI Intelligence has over 100 employees and most of whom has contributed to the project in some way.
The interchain capability makes ICON a blockchain agnostic platform. It can benefit regardless of which blockchain becomes the dominant platform in the future.

Concerns:
It is uncertain whether ICX tokens will be tradable before migrating to its own blockchain (which is estimated to happen in November 2017). Therefore, it has a longer lock-up period than most other ICO projects.
ICON may face difficulty expanding outside of Korea due to language and culture barrier.
There are uncertainties around the regulatory environment for Korea regarding ICOs. If ICOs are not allowed in Korea, it would somewhat limit the use case for ICON.
The maximum inflation of 20% is quite high and dilutive to ICO participants.

Conclusion:
Overall, we are neutral about this ICO for short-term but like its long-term potential. Our thoughts of the tokens for short term and long term are as follows:
For short-term holding:
Neutral. The upside potential is great and the ICO should have no problem reaching the hard cap given market response, but ICX tokens will not be tradable until Q4 2017, which is longer than most of the other ICOs.
For long-term holding:
Good. The ICON project is one of the most advanced ICO projects out there, with an established technology and strong partnerships with various large enterprises and government affiliates.
We believe ICON can be a strong competitor to other blockchains like QTUM and NEO, which currently have a market cap between $500 million to $1 billion. Therefore, ICX has strong upside potential.

Read More
cryptobriefing.com
reviews

ICON is poised to be South Korea’s first big hit blockchain. Its connective design and A.I. pricing solution makes it a great value and data exchange platform. While a strong start, it still has a few bases to touch before scoring the run. Here’s what makes ICON 2018’s Rookie of the Year:

ICX is an ERC20 token, and ICON is an independent chain that connects multiple Community sidechains, enabling cross-platform data and value communication. It also supports dApps.
ICON was created by Dayli Financial Group, a well-founded FinTech firm that also owns a crypto exchange. It’s gaining acceptance in South Korea.
ICON Dex is an on-chain decentralized exchange for OTC exchanges. In addition, incentives are determined through an A.I. based on DAVinCI.
With these key pieces in place, ICON is poised for future success. However, anything can happen between now and then, so invest in ICON cryptocurrency at your own risk.

Read More
icorating.com
ICO review website

Strengths:
- Successful ICO – hard cap reached, strong & well-known investors attracted;

- Powerful partnerships have been established, business goals for Q4 2017 and Q1 2018 have been fully achieved;

- Commitment of the main technical partner to support ICON brand positioning;

- Mainnet & ICONex released;

- Relatively good token’s performance, despite strong bear market;

- Further stable growth opportunities if the market recovers.

Weaknesses:
- Mobile wallet applications and token swap procedure were postponed;

- Absence of the roadmap on the website and detailed project development plan;

- Strong competitors with an ‘Ethereum style’ solution across different geographies (although they do not usually offer interoperability);

- Bearish trend could continue to affect the token price, that is confirmed by NVT and trend-based approaches.

Read More
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