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ICON (ICX) is a South Korean network launched in 2017. Its primary goal is to create a system for the integration of independent blockchains of any size. ICON’s ecosystem intends to service industries like government, health care and traditional finance, alongside cryptocurrency networks such as Ethereum. This will be achieved by connecting to nodes hosted on the ICON protocol.
The idea behind enhanced interoperability is to allow different industries to cooperate and conduct transactions on the same platform.
For example:
An individual can use their personal node to make blockchain transactions.An individual can connect to their bank’s community node to take out a smart contract home loan, which automatically and transparently adapts to market rates.Hospital nodes might connect across the world to immediately and securely communicate confidential patient information if someone is injured while travelling.
ICON (ICX) is the 176th largest cryptocurrency in the world by market cap, valued at $199,002,591. The current price of ICON is $0.221621, which is 0.002% higher than yesterday. Prices have ranged between $0.222755 and $0.215093 over the past 24 hours. All prices are listed in US dollars and accurate as of January 27, 2023 06:01 UTC.
Binance Coin (BNB) is the token native for Binance and its blockchain-based ventures. The coin can be used to interact with the Binance cryptocurrency exchange as well as the ever-evolving DeFi ecosystem on the Binance Smart Chain network.
On the Binance exchange, BNB provides users with discounts on trading fees, serves as a trading pair for coins and is used on the Binance Decentralized Exchange (DEX). Fees paid in BNB are periodically “burnt”, which means they are permanently removed from circulation, which in turn decreases the supply and theoretically increases the value. Binance will continue to burn coins until the supply is reduced from 200 million to 100 million.
BNB is also used on the exchange to participate in launchpad events, which are similar to Initial Coin Offerings (ICO).
On the Binance Smart Chain (a smart contract platform developed by Binance based on Ethereum’s codebase), BNB is used to pay gas fees and has a central role in many DeFi applications (dapps). In this way, it is very similar to the role of ETH on Ethereum.
For instance, users can deposit BNB to provide liquidity on the PancakeSwap DEX or be traded for BEP-20 tokens (The BSC version of ERC-20 tokens).
| Coin symbol | ICX |
|---|---|
| Coin Marketcap | US$199,002,591 |
| Total ICX supply | 953,824,725 |
| Circulating ICX | 900,274,157 |
| Current price | US$0.221621 |
| All time high | US$13.16 |
| All time high date | January 09, 2018 |
| Notable team members | Min Kim |
| Partnerships | Samsung, Line Plus |
| Industry | Blockchain platform |
| Token uses | Digital currency, utility token |
| Network | ICON |
Historical prices compared with the price of US$0.221621.
| 1 hour | 0.44% |
|---|---|
| 24 hours | 0.00% |
| 7 days | 17.34% |
| 14 days | 29.29% |
| 30 days | 46.81% |
|---|---|
| 60 days | 30.29% |
| 200 days | -25.09% |
| 1 year | -67.99% |
Disclaimer: Cryptocurrencies, including ICON, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of ICX is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the ICON or any other cryptocurrency discussed.
Your guide to the best wallets for storing and managing ICON’s ICX tokens, including tips on how to choose the right wallet for your needs.