Open application
Use Cryptorank AppTrack prices in real time
Currencies
19773
Market Cap
$ 878.35B
-0.43%
24h Spot Volume
$ 16.87B
-5.65%
BTC Dominance
35.94%
-0.14%
ETH Gas
10 Gwei
Country flagEnglish
ICONICX
Rank: 164
418 Watchlists
Blockchain Infrastructure
Tags (Sub-Categories):
Contracts/Blockchains:

ICON Price

$ 0.173
-1.53

0.0000105

Low
High

$ 0.178

$ 0.173

About ICON

Icon is a blockchain technology and network framework designed to allow independent blockchains to interact with each other.
Report issue
ICON Live Chart
The ICON to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.
ICX Price Statistics
Market Cap
$ 154,930,310
Ƀ 9,439
FDMC
$ 164,186,874
ATH Market Cap
$ 11,327,509,873
24h Trade Volume
$ 1,120,398
Ƀ 68.26
Circ. Supply
ICX 896,255,934
(94.36%)
Total Supply
ICX 949,804,207
All Time High
$ 12.64
(09 Jan 2018)
From ATH
-98.6%
From ATL
+62.2%

ICX to USD Converter

ICX
USD

Token Sale

ICO is ended: 20 Sep — 20 Sep 2017
All Token Sale Data >
ICO Price
$ 0.110
Raise
$ 42,750,000
Tokens For Sale
Not Set

ICX - USD Price Change

PeriodChangeChange (%)HighLow
24H-$ 0.00269-1.53%$ 0.178$ 0.174
7D$ 0.00964+5.91%$ 0.184$ 0.152
14D$ 0.0144+9.1%$ 0.184$ 0.143
1M-$ 0.053-23.5%$ 0.246$ 0.143
3M-$ 0.0977-36.1%$ 0.295$ 0.143
6M-$ 0.187-52%$ 0.429$ 0.143
YTD-$ 1.06-86%$ 1.28$ 0.143
1Y-$ 1.57-90.1%$ 1.98$ 0.143
3Y$ 0.0347+25.1%$ 3.25$ 0.107
Load Annual Price

ICON Markets

ExchangePairLast PriceChange (24H)High (24h)Low (24h)SpreadVolume (24h)

ICON Live Info Today

ICON [ICX] is decentralized, open-source, blockchain-powered software aimed to streamline the interoperability of heterogeneous blockchains (called communities). ICON defines its communities as networks of nodes that are controlled and managed by a single governance system. In this context, a node is viewed as a computing machine connected to a crypto network. 

The project is powered by the ICX Coin. It is a global electronic currency that can be used to access ICON applications. ICX is required to send or receive payments on the blockchain, and it is also a settlement medium for ICON transactions. The live ICON [ICX] market price chart allows you to see the value dynamics of this coin. 

The ICON project strives to create such a platform that will allow entities from different business spheres, both centralized and decentralized, to effectively communicate and transact with each other within the single ICON environment. Industries to benefit from ICON include financial institutions, commercial organizations, healthcare providers, schools, insurance companies, governments, and others. 

ICON also launched its own token standard: IRC16. It enables developers to utilize the ICON software as infrastructure to design their own tokenized assets and securities.

How Does ICON [ICX] Work?

ICON is aspired to build a virtual nation where diversified economic players can issue and manage their own form of value, under the rules they choose. Their vision is to “hyper-connect” the world by creating one of the largest distributed ecosystems ever.

The creation of the ICON project was inspired by the fact that the actors of the real-world economy (enterprises, non-profit organizations, government agencies, etc.) use a uniform medium of exchange – the national currency – while remaining separate but interoperable economic entities. The blockchain technology and associated cryptocurrency ICX provide economic players with a single point of connection, creating an interconnected blockchain ecosystem.

From this perspective, ICON serves as a blockchain hub for standalone chains. The company’s efforts are aimed at solving the notorious problem in the growing industry of blockchain technology: the majority of individual blockchain communities operate their own network and cannot intercommunicate with each other. The ability to interlink various autonomous networks is a huge step forward in blockchain technology, which is increasingly being used as a more secure way to transfer and/or store all types of data.

ICON is on a mission to create a greater blockchain network consisting of smaller autonomous networks that are all powered by cryptocurrencies. Blockchains that join the ICON project can transact with each other using the platform’s decentralized exchange (DEX).

The DEX establishes currency reserves for all blockchain communities so that they can exchange value in real-time. Exchange rates are determined for these transactions using an AI-enabled analysis scheme, while the native ICX token is used as an intermediate currency for the exchange.

ICON’ architecture is presented by five core elements:

  • The ICON Republic. It is the government entity and the decision committee of the network. The governance policy is determined by the votes of community representatives. The Republic, however, cannot decide on governance systems of separate communities, but it determines the rules for issuing new ICX tokens.
  • Citizen Nodes. They are members of the ICON blockchain without voting rights. Citizen nodes can transact with communities and with the ICON Republic.
  • Community Nodes (C-Nodes) – they represent the infrastructure of each community and run their own blockchains.
  • Community Representatives (C-Rep) – they are elected from each community node and are responsible for interacting with the ICON Republic. C-Reps are rewarded in ICX tokens for their efforts.

ICON Communities. Each community is a group of nodes with their own governance rules – they can establish their own governance structure, number of nodes, and other features. Communities can also have their own decision-making approaches.

The blockchain of the ICON Republic is called "Nexus". The technology behind Nexus is an algorithm called Loopchain. Loopchain bridges all ICON Republic communities. When grouped, these communities are named “Consortium.” Consortium defines a common suite of rules that allow separate blockchains to flawlessly interact with each other.

The collection of rules determining the interaction logic of separate blockchains with Nexus is called the Blockchain Transmission Protocol (BTP).

The ICON Platform allows everyone to design their own decentralized applications with the help of blockchain's public channel. Applications built on top of ICON get listed on ICON’s DAPP store, so that any member of a citizen node can install and use these decentralized apps.

The Byzantine fault tolerance delegated proof-of-stake consensus algorithms secures the ICON platform. ICON Validators (P-Reps) secure the Network by staking the native token ICX. 

ICX token owners (ICONists) can delegate their ICX to these P-Reps to ensure the flawless performance of the network. Each P-Rep is secured by the stake of their ICONists. P-Reps are operated by teams of software developers, marketers, corporations, and other entities that are long-term supporters of the ICON project.

What is ICON [ICX] Token?

ICX is a virtual currency of the ICON ecosystem. It is used for sending and accepting payments on the ICON blockchain and as a fee for ICON transactions.

Along with that, ICX tokens are suitable for staking. ICON currently offers one of the highest rewards for blockchain staking of 10.60% per 1 ICX staked. 

With ICX staking, a user locks up the ICX in their wallet for a particular time and receives ICX rewards. A user needs to delegate the staked ICX to a Public Representative (P-Rep) to get rewarded. The lock-up period varies as network activities change, but is currently nearly 8 days.

ICX tokens can be used to access Dapps on the ICON network and are also required to partake in ICON’s governance: staking and delegation.

Where to Buy ICON [ICX] Coin?

ICX is listed on the world’s largest crypto exchanges with significant daily trading volumes. The most trusted resources of ICX cryptocurrency are Binance, OKEX, Huobi, Kraken, UpBit. Before investing in cryptocurrencies, be aware of the fact that the ICX market price is subject to extreme volatility.

Where to Store ICON [ICX] Coin?

ICX can be stored safely for staking and delegation purposes in such crypto wallets as Ledger, Atomic, Myiconwallet, and ICONex.

ICON's current price is $ 0.173, it has dropped -1.53% over the past 24 hours.

ICON's All Time High (ATH) of $ 12.64 was reached on 9 Jan 2018, and is currently -98.6% down.

The current circulating supply of ICON is 896.26 Million coins, and the maximum supply of ICON is 949.80 Million.

ICON’s 24 hour trading volume is $ 1.12 Million.

ICON (ICX) operates on its own blockchain.

ICON's current share of the entire cryptocurrency market is 0.02%, with a market capitalization of $ 154.93 Million.

You can find more details about ICON on its official website and on the block explorer.

Trending Coins and Tokenstrending

Cryptocurrencies>ICON price