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ICON (ICX)

Blockchain Infrastructure

Overview

A decentralized network connecting independent blockchains.

Features

ICON is a decentralized network designed to connect independent blockchains. 

The ICON network is based on a proprietary blockchain technology (an open source project supported by the Korean government). ICON developers claim that their main objective was not to simply connect blockchain nodes, but to conduct a profound research of community-to-community connectivity. ICON’s initiative was to create a protocol (or cryptocurrency) that could be used in the real world within and between actual communities. 

The ICON network can be broken down into three key elements: ICON network components, connectivity, operation. The idea is that disparate blockchain communities (capital markets, various institutions, etc.) could be connected to form an ICON Republic through a linking Nexus network. 

The ICON network operates on a loopchain that can facilitate real time transactions based on enhanced Smart Contract. 

The network will be integrated with ICON tokens (ICX). It is a loopchain-based smart contract digital protocol, which will allow ICON participants to facilitate, verify and enact agreements.

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

Crowdsale

ICO
ICO start date 16 Sep 2017
ICO end date 18 Oct 2017
Raised 45,000,000 USD
Legal
ICO Platform No
Token details
Ticker ICX
Additional Token Emission No
Accepted Currencies

ETH

Token distribution

800,460,000 in total 400,230,000 for sale 16% for reserve 10% for team, advisors and early contributors 10% for community groups and strategy partners 14% for the foundation

Ratings

Type of scores
Score
Status
Hype score Medium Active
Risk score Low Active

Team members

Name
Position
ICO
Social
Advisor Member of 16 ICOs
Advisor Member of 8 ICOs
Advisor Member of 4 ICOs
Advisor Member of 3 ICOs
Advisor Member of 2 ICOs
Foundation Council Member of 2 ICOs
Foundation Council Member of 2 ICOs
Foundation Council Member of 2 ICOs
Foundation Council Member of 2 ICOs
Product Manager Member of this ICO only
Blockchain Developer Member of this ICO only
Blockchain Developer Member of this ICO only
Blockchain Developer Member of this ICO only
Blockchain Developer Member of this ICO only
Product Manager Member of this ICO only
Marketing Department Leader Member of this ICO only
Blockchain Developer Member of this ICO only
Product Manager Member of this ICO only
Blockchain Developer Member of this ICO only
Advisor Member of this ICO only
Blockchain Developer Member of this ICO only
Blockchain Developer Member of this ICO only
Product Manager Member of this ICO only
Security Department Manager Member of this ICO only
Blockchain Developer Member of this ICO only
Blockchain Developer Member of this ICO only
Security Department Leader Member of this ICO only
Design Department Manager Member of this ICO only
Product Manager Member of this ICO only
AI Developer Member of this ICO only
AI Director Member of this ICO only
Data Engineer Member of this ICO only
AI Department Leader Member of this ICO only
Product Manager Member of this ICO only
UX Design Department Leader Member of this ICO only
Product Manager Member of this ICO only

Funding Rounds

Fund
Status
aum
Strategy
Live NA Venture, Accelerator
Live NA Venture
Live NA Venture

Development

Pre-Launch
Launch
Custom blockchain
Testnet
Mainnet
Done Overdue Yes Done Done

Rating Review and Analytics

Investment rating Info NA
Hype score Info Medium
Risk score Info Low
Basic Review

Trading

(ICX)
$0.2176
7.07% 24H
ETH
return 3.96x
Start ICO 16 Sep 2017
End ICO 18 Oct 2017
Token ICX
Price 1 ICX = 0.2176 USD
MVP No
Whitepaper View
Basic Review View

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