ICON ICX / ICON

What Is ICON Network (ICX)?

Apps use ICON to operate cross-chain seamlessly, build momentum and gain reputation. ICON's Cross-Chain Framework simplifies cross-chain development with its easy-to-use xCall messaging standard and connections to secure bridging protocols.

Who Are the Founders of ICON Network?

ICON Network was co-founded by Min Kim, the former chief strategy officer of DAYLI Financial Group, Korea’s largest fintech holding company, and the chief operating officer at Tapas Media, a U.S. digital content distribution platform. He is also an alumnus of Haas School of Business at the University of California in Berkeley. Min Kim incubated ICONLOOP, ICON’s technical partner.

What Makes ICON Network Unique?

ICON's native ICX coin fuels interoperability with a sizeable percentage of all these fees collected in ICX are burned. Apps, written in any programming language, can use the ICON Cross-Chain Framework on a growing list of blockchains. Visit the ICON Community website (https://icon.community/ ) for an up to date overview of connected blockchains!

How Is the ICON Network Secured?

ICON is a delegated proof-of-stake (DPoS) network, which means a majority of stakeholders delegate their share of the network – in this case, ICX – to registered validators that produce blocks and participate in governance. ICON’s DPoS consensus lets non-technical stakeholders benefit from staking without having to set up a node or join a staking pool.

On ICON, ICX holders can stake and delegate ICX to P-Reps – entities that have registered to participate in governing the ICON blockchain. This DPoS implementation offers the best of both worlds – stakers can passively earn rewards, while technical individuals that are actually interested in setting up infrastructure and governing ICON can do so.

The ICON blockchain is governed by Public Representatives (P-Reps). To become a P-Rep, a team or individual must go through an on-chain registration process which includes paying a 2,000 ICX registration fee. Following registration, a P-Rep can start receiving delegation in the form of staked ICX.

To read more: ICON Governance.

Where Can You Buy ICON Network (ICX)?

ICX is available on Binance, Upbit, Bithumb, Uniswap (V2), BitStamp and Gate.io.