ICON is a Cryptocurrency, the network powered by DPoS (consensus mechanism based on stacking) algorithm. The original software was developed by DAYLI Financial Group from KR and first released August 24th, 2017. Nowadays the cryptocurrency is managed by the ICON Foundation, an organization based in the KR. Smart Contracts are supported by the ICON blockchain. The official ICON website is https://icon.foundation.
As of today, May 25th, 2022, out of totally available 931,339,816 ICX, 776,374,031 are in circulation. It's not possible to mine icons. The total market capitalization of icon is $298,549,714, the rank among other cryptocurrencies (based on the capitalization) is #152. The current rate of 1 ICX is $0.38 USD.
ICON is an interconnecting blockchain network; the project developers are building a global alternative to the Ethereum blockchain, a smart contract platform connecting independent blockchains without the use of additional third-party intermediaries. These blockchains (and the users' communities, "republics" in project terminology) are communicating with each other through the ICON platform. The mission is "to hyperconnect the world"; if achieved, the ICON blockchain will become the largest decentralized network in existence.
The native utility token of ICON blockchain is ICX: it's a cryptocurrency that can be used for real-time payments and also is a protocol for connecting the blockchain world in ICON network. ICX originally was an ERC20 standard token issued on the Ethereum blockchain during the ICO (Oct 20, 2017 — Nov 20, 2017). Once the ICON own blockchain was started, the tokens were migrated, ICX ERC20 tokens support stopped May 25, 2018.
The network utilizes a modified form of dPoS consensus mechanism: Loop Fault Tolerant (LFT) algorithm. Nodes participating in transactions verification and carrying the governance functions are called "C-Reps" (all others are "Citizen Nodes", the ones without the governance rights). Malicious C-Reps nodes (the ones proposing/validating invalid blocks) are penalized by burning their ICX deposits. Transaction fees are set to 0.01 ICX, which doesn't depend on the amount transferred. ICON offers a self-developed smart contract platform, the "SCORE"; the source code is based on Python language. Some third-party projects completed ICOs on the ICON platform, issuing their own tokens on top of this blockchain.
ICON is currently supported by 22% of exchanges (4 of 18) currently having active orders at ExchangeRates.Pro: 3 Exchange Brokers, 1 Trading Platforms have offers, allowing you to buy and sell ICX. Let's check and compare which of these exchanges will suit you the best, dear visitor!
There are some worthy and undoubtedly good, trusted exchanges among the ones with ICX support. One of them, Kraken trading platform, is really special! Our visitors and the ranking algorithms came to this conclusion while comparing and reviewing the websites and apps exchanging ICON. The service is extraordinarily fine, very few of the rest 331 exchanges and 14 trading platform sites we compare could receive such kind words in the testimonials and so impressive numbers in the results. It's so good that we feel obliged to share our experience with you, dear guest! Let's mention the key fact and describe the most important features making Kraken an ideal trading platform for buying, selling and exchanging ICX in United States:
KRAKEN is a Trading Platform; Payward, Inc. (dba Kraken) had started the project back in July 2011. The company is incorporated in the United States and headquartered in San Francisco. The official street address of Kraken is 237 Kearny Street Suite 102 San Francisco, CA 94108. The operational entity is a registered, regulated and licensed financial company. License granted by the FinCEN, the Firm is holding the Money Transmission license. FINCEN registration number 31000176593851. This is a highly trusted, undoubtedly a reputable, a long-standing, settled service. Trading Platform works with 33 cryptocurrencies and tokens: AAVE, ADA, BCHABC, BTC, DAI, DASH, DOT, EOS, ETC, ETH, FIL, ICP, ICX, KSM, LINK, LSK, LTC, MATIC, OMG, REP, SOL, SUSHI, TRX, UNI, USDC, USDT, WAVES, WBTC, XLM, XMR, XRP, ZEC, ZRX.
The customers are welcome to buy and sell coins and tokens with 7 national aka fiat currencies: AUD, CAD, CHF, EUR, GBP, JPY, USD. Totally 10 payment systems and banks are at your's disposal. Besides, we can swap the cryptos and tokens, converting one into another. Apart from the currencies conversion operations, kraken.com is offering some other services, that could be interesting for crypto-users, like Mobile wallet, OTC trading, Margin Trading, Futures Trading, Staking, MasterNodes, etc. (passive income opportunity). Impressive, right? The features that our users enjoy the most out of this wonderful platform:
Kraken currently provides 3 ways of purchase and sale ICONs in United States with the national currencies and the most exciting news are that the payments in US Dollars are possible:
Sweet! Buying and selling with fiat aside, there are 31 cryptocoins and tokens exchangeable with ICX: AAVE, ADA, BCHABC, DAI, DASH, DOT, EOS, ETC, ETH, FIL, ICX, KSM, LINK, LSK, LTC, MATIC, OMG, REP, SOL, SUSHI, TRX, UNI, USDC, USDT, WAVES, WBTC, XLM, XMR, XRP, ZEC, ZRX can be converted to ICON and vice versa any time you please.
Our own examination and the analysis of a community vote concludes this trading platform stands out from the competition. Hence we award Kraken with a special status: the best Trading Platform in North America! A magnificent outcome and it's fairly earned; it says a lot bearing in mind that we rate and compare 332 exchange websites and apps! Summing up, both together our algorithms and the actual users choosing Kraken as one of the most trusted, convenient and credible services operating in North America. It surely deserves a try!
Although all the exchanges supported by ExchangeRates.Pro are well-known, reliable, and trustworthy (all were thoroughly checked by our staff before listing), we've selected the best of the best for you. Exchanges that were top-rated by various sources, some are providing really outstanding service you'd love and remember. We (staff and the software) selected some of the most trusted platforms for our comparison and this top list, based on customers' feedback, time in the business, reputation, our own and independent reviews and other factors. Please note that we include only the "buy and sell" exchanges here, where you can swap icx with fiat (national) currencies. Here are the top two exchanges to buy and sell icons in United States:
Are you looking for the best place to buy icons? Of course, you are! Our price comparison of exchanges is here to help, although the easiest way is to check the best offers right away @ ExchangeRates.Pro, feel free to compare yourself. Let us show you what banks and payment systems you can use to buy and sell ICX, based on your location and preferences.
At this moment, there are 3 offers to buy ICON in United States. Our software is collecting the statistics about the popularity of specific local banks and payment systems. Usually, the top ones that are the most popular are also very convenient. Otherwise, why would these become so popular? You can choose any of these right away, please be our guest:
We've compared a lot of offers to find the top ones; right now we have 2 ways for you to purchase icon available worldwide. Enough to choose from, right? Please keep in mind that not all of these may be possible to pay with US Dollar, the ones that will surely be good for the domestic currency are a little bit above. The top popular ways to purchase ICX crypto:
Even the greatest ICX HODL GANG members sometimes have to sell some of their precious coins. It's alright, everyone does it sometimes and we are here to help! We know you want to find the buyer which will give you the highest price, there are such ones at our platform — check ExchangeRates.Pro now to find the highest rate to sell icons to US Dollar and 152 more local currencies! There are various opportunities to swap your coins to hard cash, we list the most requested ones below.
There are currently 2 opportunities to cash out your icon coins in US. You'd likely need to out-exchange the crypto to pay for some local expenses, shopping, etc. It's reasonable to choose the safest and most comfortable option — a local bank you are using, your preferred payment system or cash in your city. Here is our top list of the ways other people in United States prefer to exchange icon to fiat:
Sometimes you may need to transfer the money to another country. If you are holding ICX, it makes sense to exchange some of these coins to the currency of that country. We can't know where exactly you would like to send the funds, so we will show you the most requested banks and payment systems worldwide you can send the transfer to. There are totally 2 options to out-exchange the icx to fiat; the most frequently used banks, money transfer operators and global payment systems are:
Did you know that it's possible to exchange ICX to 46 other cryptocurrencies? It's possible to convert ICON to/from 94% of crypto coins supported @ ExchangeRates.Pro. Some of these are really great ones (we don't list useless coins and tokens at our website), that's why we've prepared a list of exchange opportunities available. There are totally 163 swap possibilities with ICX and other coins and tokens. Coin to coin exchanges are safe, easy and beneficial when you are using our service, don't worry! Feel free to get all the best rates to swap ICX with other cryptos @ ExchangeRates.Pro right away or refer to the list of most highly demanded exchange directions first: