ICON (ICX)

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Official site (website): https://www.icon.foundation/en/ YouTube video (channel): https://www.youtube.com/channel/UC5SrWL7CKY09cVtuDxHtizw Official Facebook account (fb): https://www.facebook.com/helloicon Official Twitter account: https://twitter.com/@helloiconworld Official Telegram channel (group): https://t.me/joinchat/Fqw4igkkVmYtj--ZVi-QcA Github: https://github.com/theloopkr/loopchain Official blog (news): https://medium.com/helloiconworld Medium (blog, article, news): https://medium.com/helloiconworld Slack channel: https://invite-slack.icon.foundation/ PDF document file: http://docs.icon.foundation/ICON-Whitepaper-EN-Draft.pdf

Truth and facts[edit]

  • The ICON project is building one of the largest decentralized networks in the world.[1]
  • ICON is decentralized network where anyone can participate and connect to any blockchain. Through ICON, community that were isolated can connect and share various services through the network.[2]
  • A new world where everyone builds and connects their own communities, that’s the world that ICON will create.[2]

Network

  • 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.[1]
  • 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.[1]

Official

  • Slogan: Hyperconnect the World.
  • ICON is based in South Korea. The registered company, ICON Foundation which is a a nonprofit foundation, is located in Zug, Switzerland.

Example [2]

  • For example, here is the person who had a doctor appointment at the hospital, this man has insurance in advanced.
  • After the treatment, the hospital authenticate the blockchain id, and deliver the medical data to the insurance on the ICON network.
  • The insurance who received the data compares the medical and insurance history, calculates the insurance payment, and send it immediately.
  • The insurance benefits can be used anywhere inside the ICON network, such as buying stocks, paying cover tuitions, using them for e-commerce or using to buy Ethers.
  • These ideas can be expanded unlimitedly, and you idea can be realized in the ICON network as well.

Token

  • Ticker symbol: ICX
  • ICO token sale for ICON (ICX) was on 20 Dec 2017. Half of the token supply was sold.
  • Token supply: 400,230,000
  • Token type: ERC20


Video Playlist[edit]

ICON Project: Interconnecting Blockchain Network

00:00 The world that we see, is based on the country basic.
00:00 Every social organization and elements, including currency, belongs inside country’s boundary.
00:05 With the development of various technology, we now able to cross national boundaries.
00:13 Blockchain has facilitated the world to reorganize on a community basis.
00:18 However, each community is still isolated and people have to build and rely on exchanges to connect with each other.
00:23 This led to another concentration of power.
00:32 ICON was created to solve this problem.
00:38 ICON is decentralized network where anyone can participate and connect to any blockchain.
00:43 Through ICON, community that were isolated can connect and share various services through the network.
00:50 Here’s how the communities are actually connected.
00:57 Community use blockchain id for payments and exchange currency of different communities through dex wallet, and access various networks and services.
01:00 For example, here is the person who had a doctor appointment at the hospital, this man has insurance in advanced.
01:12 After the treatment, the hospital authenticate the blockchain id, and deliver the medical data to the insurance on the ICON network.
01:19 The insurance who received the data compares the medical and insurance history, calculates the insurance payment, and send it immediately.
01:29 The insurance benefits can be used anywhere inside the ICON network, such as buying stocks, paying cover tuitions, using them for e-commerce or using to buy Ethers.
01:40 These ideas can be expanded unlimitedly, and you idea can be realized in the ICON network as well.
01:51 A new world where everyone builds and connects their own communities, that’s the world that ICON will create.

Use cases[edit]

  • Smart Contract: 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.[1]
  • Decentralized Exchange: 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.[1]

Character[edit]

  • 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.[1]
  • Scalability - ICON is fully compatible with traditional blockchains, such as Bitcoin and Ethereum, and also with all other third party blockchain networks connected to the real world. ICON blends the crypto-world and the real world to open and inspire new business possibilities and connectivity.[1]
  • Decentralization - ICON envisions a decentralized world consisting of free communities. ICON is a decentralized network where communities with different governance structures can connect and interact. ICON allows anyone to join the ICON Network by creating a new DAPP with independent governance.[1]

Comparison[edit]

Features comparison table between ICON (ICX), Ethereum (ETH), EOS and Bancor. Icon-icx-comparison.png

Frequently asked questions[edit]

Reviews[edit]

References[edit]