ICON FOUNDATION
Hyperconnect the world!
https://icon.foundation/en/
Introduction
ICON FOUNDATION (ICX) is a project of the THE LOOP (a blockchain engine project of DAYLI Financial Group - a four billion company), which started to work on the project in mid of 2015. The ICO was in september and sold out in the Pre-Sale within 6 hours. Boooom! Four days ago the ICX token launched on Binance and OKExchange. Currently it is an ERC20 token, storable on a Ledger Nano S via Myetherwallet or another accurate wallet. Within the next weeks ICON will launch their own mainnet, an own DEX and a wallet. At this time holders can change there ERC20 tokens into the actual coins. In USD valuation the price already gained 20x, but there is still a lot of potential for growth.
What is ICON?
video made my Icon Foundation
As seen Icon connects different organisations from different sectors. Further it offers the possibility for people to use their token to purchase goods and services directly from them.
ICON has been evolving over the past two years and today ICON is already one of the largest blockchain networks in the world. We are working with 25 security firms, 6 hospitals, 3 universities, couple of banks […] and just yesterday we announced one of the largest partnerships with SBI RIPPLE Asia. - Min Kim in an interview
Link to the official announcment
Since this statement ICON and its partnerships even grew
How does ICON work?
The main aim of ICON project is to connect various activities in a country through the blockchain. The project aims to create an open source environment that allows different organizations such as universities, hospitals, government departments and financial institutions to interact with each other freely. There is no intermediary involved. Hence, it reduces delay in various processes and removes the high transaction fees that are usually charged by mediators. source
The Team
Please see all the team members on their website. It is huge and has different sectors – even an A.I. department, what is really fascinating. But beside the 34 listed people 110+ other people helped making ICON a success. This includes also Don Tapscott.
Network Features of ICON FOUNDATION
in comparison with other Blockchain 3.0 projects
The wallet of Icon offers transfering and exchanging currencies within the ICON community in real time (DEX). ICON also works with other blockchains like Ethereum, Bitcoin, etc. and they will integrate fiat currencies too. Loopchain allows modification of the smart contracts so that they can meet various operational needs and be connected to other ledger networks available on the ICON platform. Check out the other features here >>> source or read the whitepaper (link below)
Parent company & partnerships & price
I want to link an interesting and really good REDDIT POST where the author brings it all together. Well researched and with lots of Ressources if you are interested and want to know more about the project.
A second important link with price speculation and information HERE
Interview from Lina K. Moon with the founder Min Kim
Interview from BiteSizeBitcoin with the founder Min Kim
well researched Video by BlockchainBrad!
