ICON (ICX): Price, Charts and Market Cap

The cryptocurrency is part of ICON project initiated by Dayli Financial Group, a house of Korean fintech startups. The project’s ambitious goal is to create a decentralized network that will allow separate blockchains with difference governance to interact with each other directly.  As adding new project to the network will be easy, the ecosystem is expected to develop fast and be a first step to “a world of true hyperconnectivity”.

At the heart of ICON is loopchain technology, a high performance blockchain with instant transactions capability. As stated in the white paper, the key areas of loopchain protocol implementation are capital markets, insurance, education and healthcare. The projects’s currency token ICX raised 150,000 Ether (then $42 million) in its presale in September 2017, and has quickly increased its market cap. What new heights the cryptocurrency will reach is yet to be seen. One thing we know for sure is that Korea is one of the countries that are quickly moving forward in embracing blockchain technology.