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Icon token (ICX)

[currencygraph currency1=”icx” currency2=”usd”]
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The vision of the ICON Project is to redefine the meaning of communities, and in doing so, introduce an era of decentralization. We envision creating a new world by connecting such communities. Communities today are commonly defined by its social and political functions and limited to the economic boundaries set forth by nation states. Through ICON, communities can go beyond and be free from traditional economic system and promote frictionless value exchanges with other communities, eventually resulting in maximum total utility of society. ICON is not limited to the real world, but it directly connects and communicates with the crypto world creating the most robust network that can scale without limits.

The ICON Project aims to build a decentralized network that allows independent blockchains with different governances to transact with one another without intermediaries. Anyone can create a new blockchain project and join the network. A new blockchain project is free to connect with existing projects and create new unique worlds, or blockchain multiverse. ICON itself can be viewed as both a living organism and an ecosystem.

ICON is a vision with a proven track record and has progressed beyond the initial concept stage. ICON already boasts communities comprised of reputable institutions – banks, securities, insurance, hospitals, universities, and more. A future with faster money remittance and frictionless value exchange of securities, medical records, academic data, insurance fees is within our reach.

ICON aims to eradicate various boundaries that have been existed in the centralized system. Imagine stock investors in Korea trading Apple stocks in real-time with US stock investors, or medical researchers at Korean university hospitals obtaining permission to work with diabetes patients’ data from Sydney and London. Cross-border connections will be accelerated through the tokenization of assets and rights, and the dynamics of the network will be maximized. Currencies, tangible assets such as real estates and automobiles, intangible assets such as patents, copyrights, and trademarks, our legal rights such as suffrage and citizenship, and even DNA data or blood tests can benefit from tokenization4. This forces us to rethink everything, even obscures the space-time boundary, and makes distinguishing tangibles from intangibles meaningless. It is possible to trade 0.2 apartments with 0.8 cars, and pay insurance fee directly just by uploading 5 posts on our social media. ICON brings the connection of humanities one step closer through real-time transactions beyond the boundary and infinite scalability that enables free collaborations.

At the core of ICON is loopchain. loopchain is a high-performance blockchain that can provide real-time transaction, which is based on enhanced Smart Contract.

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A wide variety of communities tailored to each business are formed around the world in various fields such as finance, public service, logistics, healthcare, IoT, energy, manufacture, and E-Commerce. With the development and spread of blockchain technology, these communities are expected to accelerate both in quantity and quality. In such an environment, most tasks will be handled through Smart Contracts within the community, and the role of many centralized agencies and intermediaries in each field will gradually shrink or disappear, accelerating the paradigm shift of business processing.

It is expected that changes to the community-centered work environment will not only affect the way the community works internally, but also fundamentally change the way works are handled between communities. In general, most communities initially begin with the goal of improving the work efficiency among the internal members of the community, but in many cases they evolve naturally in the direction of increasing transactions with the outside world. In this case, rather than handling external affairs through a separate centralized institution, the Smart Contract of each community will become the subject of the transaction and the works will be handled through the connection between the Smart Contracts.

In the megatrends that will result from the spread of blockchain technology, ICON aims to be in the lead by connecting communities to create an environment where all communities in ICON Republic can work in real time based on Smart Contracts.

As the number of communities connected through ICON increases, the transactions in ICON Republic will increase exponentially, resulting in maximum utility of each and every community members
connected through ICON.

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Official Website: https://www.icon.foundation/

Icon Crypto Facebook Page: https://www.facebook.com/helloicon

Bitcointalk Topic: https://bitcointalk.org/index.php?topic=2115503.0

Icon Cryptocurrency Official Telegram: https://t.me/joinchat/Fqw4igkkVmYtj–ZVi-QcA

Github: https://github.com/theloopkr/loopchain

Icon Token Reddit: https://www.reddit.com/r/helloicon/

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