ICON ICX

1. Summary

Ranks

Liquidity

95

Developer

20

Social

97

Momentum (beta)

44

Stack Rank™

33

Price

$0.16 +6.9%

Market Cap

$165.96M (#279)

Supply

1.01B / 1.01B

Tags

Smart Contracts Near Protocol Ecosystem Edgeware Ecosystem Pantera Capital Portfolio

More Metrics

Price
52W High price	$0.38
52W High date	14th Mar 2024 (4 months ago)
All Time High (ATH) Date	9th Jan 2018 (6 years ago)
ATH Price	$13.16
% From ATH	-98.79%
All Time Low (ATL) Date	3rd Jan 2020 (4 years ago)
ATL Price	$0.11
% From ATL	48.68%

Supply & Trading Volume
Trading Volume (24h)	$3.71M
Total Supply	1.01B
Circulating Supply	1.01B

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Description

ICON (ICX) Project Overview

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ICON (ICX) Project Overview

ICON is a blockchain ecosystem founded in August 2017, focused on fostering a sustainable cross-chain development infrastructure. It recognizes the complexity involved in securing, scaling, and speeding up transactions in cross-chain environments. The project aims to simplify cross-chain development through its Cross-Chain Framework, which includes the xCall General Message Passing system and connections to secure bridging protocols. This allows applications to operate seamlessly across different blockchain networks.

Key Features

• Cross-Chain Framework: Enables different blockchains to communicate and share information seamlessly, using xCall General Message Passing and bridging protocols.
• Native Coin ICX: Fuels interoperability as the L1 gas token and xCall cross-chain fee token, with associated applications. A significant portion of fees collected in ICX are burned.
• Easy Token Acquisition: ICX can be easily purchased on major centralized and decentralized exchanges, as well as in wallets.
• Multichain Support: ICON is compatible with multiple blockchains, including Ethereum, Polkadot, and others.

ICX Use Cases

• Governance: ICX holders participate in on-chain governance by staking and delegating to public representatives, receiving daily rewards.
• Transaction Fees: ICX is used for transaction fees within ICON's DeFi protocols and as a gas token for enterprise products.
• Peer-to-Peer Currency: Enables permissionless, borderless, and non-custodial transactions.
• DeFi Collateral: Used as collateral in DeFi protocols such as Balanced, OMM, and Optimus, while supporting enterprise products like Zzeung and broof.

Wallet Options

Three wallets support ICX storage and interactions:

• Hana: Developed by ReliantNode, it supports multiple blockchains and integrates with Ledger hardware wallets.
• ICONex: The original wallet from the ICON Foundation, it supports ICON and Ethereum.
• MyIconWallet: Developed by ReliantNode for mobile devices, it allows dApp access, validator updates, and staking rewards.

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