ICON Price (ICX)

ICON (ICX) is the native cryptocurrency of the ICON network. It was launched in 2017 and aims to improve the connections between blockchain software programs via the ICON network. Essentially, Icon operates as a hub where networks can easily integrate and interact with other networks. It aims to mirror real-world economies where various entities such as businesses, nonprofit organisations and public institutions can interact with one another through a common means of value.

ICX is the platform’s native cryptocurrency. It has a total supply of 949259146 and is used to facilitate transactions across the ecosystem. 

What are Icon’s key features and how does it work?

The Icon blockchain functions as the hub of the entire ecosystem. It uses a delegated proof-of-stake consensus algorithm as part of its network security. Different networks can connect to the main blockchain and communicate with other networks also connected to it.

What is noteworthy about Icon?

Icon’s blockchain is comprised of five core components: Icon Republic, Icon Communities, Community Representative, Community Nodes, and Citizen Nodes. The Icon Republic forms the governing structure. The network’s overall decision-making process takes place here and comprises nodes from the Icon communities. Each Icon community can dictate its own set of rules, including consensus algorithms. Each Icon community can elect a node, a Community Representative, to interact with and participate in the governance process of the Icon Republic. They receive rewards in the form of ICX for their work. 

Community Nodes in turn as responsible for maintaining a community-specific blockchain. This includes the governance of the given blockchain. Citizen Nodes do not take part in governance or decision-making but are able to interact within a specific community, and other communities, as well as conduct transactions with the Icon Republic.

Where can you buy ICX?

ICX is available for trading on the following CEXs and DEXs listed here. The price of ICX will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for ICX market prices, please view the price charts on this page.