ICON
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ICON in numbers
ICON (ICX) ranks #251 by market capitalization, at $14.82M. It belongs to the Networks sector (Interoperability). It has traded since Sep 22, 2017, across 63 markets on 1 exchanges, with $845.65K of volume in the last 24 hours. Its all-time high of $12.49 was reached on Jan 9, 2018; the current price is 99.9% below that peak. Its cycle low of $0.000701184 came on Oct 19, 2026.
1.10B ICX are in circulation. 2 investors are recorded as backers, including T.S. Investment, Korea Technology Finance Corporation.
About ICON
The ICON Foundation is a non-profit organization dedicated to developing infrastructure to interconnect various blockchains. It supports the open development of bridging technologies, aiming to enhance interoperability between diverse blockchain networks. This initiative seeks to create a more unified and accessible blockchain ecosystem.
Background
ICON was created to address perceived limitations in developing and deploying "real world applications" for decentralized, consensus-driven, block-chain-based technologies. The team see tremendous utility for block chains outside of the original use case: currency. And ICON wants to allow more developers and customers to build and use block chain applications, bridging the gap between the real world and the "crypto" world.
To achieve this network, ICON incorporates a five-prong network: Community (a network of nodes running compatible software similar to Bitcoin's or Ethereum's node "community"), C-Node (the code run by each node member), C-Rep (a class of community C-Nodes that significantly contribute to the ICON network and have transaction confirmation voting rights), ICON Republic (users that connect different network communities), Citizen Node (the nodal component of ICON republic that don't have network voting rights, but can run by dapps on ICON's "loopchain" smart contract execution protocol).