Good morning everyone. ICON has been a name that some of you have been talking about for a while now. It just recently successfully completed it's token sale and opened on exchanges last night. While I readily admit that I am still new to the world of ICO's, and I have not finished the White Paper for ICON either, this new offering seems to be jam-packed with potential!
As those of you who have been following ICON are aware, they have VERY great ambitions. Heck, the slogan on their website is "Hyperconnect the World." If that doesn't sound ambitious, I don't know what does. They desire to build one of the largest decentralized networks in the world and have already developed various communities across many industries and institutions. At the moment, their focus seems to be in largely in the financial (of all sorts), health, and education fields - pretty much all of the major, influential areas apart from politics.
They are big on the development of decentralized applications, or DAPPs, and the two that they mention outright are "Blockchain ID" and "Payment & Exchange." These would enable you to more or less verify your identity no matter the community, open accounts without the usual laborious and tedious process of proving your identity and waiting for verification, and much more. The "Payment & Exchange" DAPP is fairly self-explanatory. It is meant to become a means to perform transactions of all sorts, whether it be a currency exchange or making payments/withdrawals at the bank or the myriad of other institutions they have developed communities and connections with. They also promote the development and creation of new DAPPs by others, with independent governance, to be used on the ICON network.
As this post is beginning to get a bit long for a "brief" introduction, I'll try to wrap things up quickly. ICON wants to bring their technology and the blockchain into people's everyday lives. They want to use this technology to develop real world solutions to be used in real world communities on a regular basis. They are also integrating their own AI, known as 'DAVinCI,' to help create these solutions. ICON calls for blending the crypto-world and the real world in a completely decentralized manner, where people can freely interact between the two without difficulty, delay, or interruption of service.
ICON (ICX) opened last night on Binance and is set to open on OKEx this evening (if they don't decide to do so early).
You can take a look at their website for yourself here.
You can check the link to their White Paper here.
TL;DR
ICON is an impressive new project that boasts impressive backing and support. They desire to create a massive network that integrates crypto and real world seamlessly, improving and simplifying day to day life. They offer great DAPP support, real-time transactions on a decentralized exchange (DEX), smart contract versioning, AI support, and much more. Check ICON out to see if it is right for you, but always be sure to do your own Due Diligence!
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