What is ICON?

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ICON is a decentralized blockchain. It is open-source and has smart contract functionality. ICX is the native token of the platform. Min Kim founded the ICON foundation in 2017. The foundation is based in Switzerland and its vision is to introduce a new era of decentralization. ICON held an ICO in 2017 and raised 150,000 Ethereum with it. 

What is ICON

Public and private organizations like the Seoul Metropolitan Government and the Line Corporation support ICON. Yahoo Finance identified ICON as one of the best interoperability cryptocurrencies in 2021.

How does ICON work?

ICON is a blockchain technology that allows independent blockchains to interact with each other. It connects its users via a decentralized exchange. 


Methodology
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Stefan Grasic (Dipl.-Jur) is the World Wide Director of research for Buisness24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active Crypto, Forex and general investment researcher advising blockchain companies at their start up level. He keeps fit by mountain biking, surfing, skiing and lots of other adrenaline sports.

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