|Symbol||Crypto Score||Volume||Volatility||Liquidity||Industry||Application||Marketcap||Supply||Volume (24h)||Last 24h|
|ICX||5.14||5.52||2.37||3.67||6.66||7.49||$ 113.77 M||473.41 M||$ 4.23 M|
Icon has been dubbed the “Korean Ethereum”. The goal of the project is to provide a blockchain which acts as an intermediary among different blockchains, creating an ecosystem of interconnected blockchains and cryptocurrencies. This would enable different communities, institutions, and blockchains to interact while still maintaining independence. The blockchain is powered by the ICX currency, which allows for simple exchange through a decentralized exchange. It was launched in October of 2017, and was Korea’s first initial coin offering. The ICON Republic is the overarching system which all blockchains will interconnect within ICON communities with loopchain technology. The communities are connected to the republic through the Nexus network and offers transactions among the projects through Icon’s decentralized exchange through Icon. The Icon Dex utilizes AI technology to set exchange rates at an honest rate. Similar to the Ethereum project, Icon offers developers to build dapps on the Icon blockchain. They have developed a scoring system to accurately determine payouts for network contributors.