ICON Token: a decentralized platform for the future of finance

ICON is creating a decentralized network. Meaning there are many blockchains, and each has its protocol. The ICON network is the backbone of these communities.

Moreover, it will allow communities to interact, and exchanges will be part of these communities.

The platform will reward nodes based on their ability to exchange value. The ICON Token is a convenient token for the ICON ecosystem.

Icon token ecosystem
Picture fro Medium

The ICON team has members from different industries, including technology, finance, and blockchain. ICON advisors include Don Tapscott, who built his career helping technology companies innovate.

The team also includes Jason Best, one of Forbes‘ Top 10 Crowdfunding Organizers, and Ricky Dodds, who runs ICON’s Institutional Markets.

The ICON team also revealed that the ICON sidechain would be a virtual machine for developers.

This feature will improve scalability and allow the ICON loop chain to focus on transaction processing. Both chains rely on each other but have different incentive structures and governance models.

ICON ecosystem is connected to the Ethereum network through the Orbit Bridge!

In addition to ICON Wallet, ICON Foundation has a long-term roadmap on its website.

The first one is divided into Blockchain, Governance, and Services. The roadmap lists the milestones for each section.

Firstly ICX is the currency used by ICON. This cryptocurrency operates to reward users for participating in the ICON network.

Likewise, the ICON ecosystem connects to the Ethereum network through the Orbit Bridge.

The ICON network is a blockchain project that allows developers to create decentralized applications. These applications are available to anyone with a citizen node to access the web.

This network has two different governance structures: a Public Representative (the person who manages the nodes) and a Citizen Node.

A citizen node is a user of the ICON network. They are both parts of a peer-to-peer system.

ICON token has many purpouses
ICON token has many purposes

ICON Token main feature is for gambling, smart contract payments, and transaction fees.

Furthermore, the token purpose is to reward users for participating in the network.

The ICON network connects blockchain communities through ICON Republic, which acts as the head of government for a federation of independent blockchain bodies.

The best exchanges to buy the Token

Disclaimer this is not a financial advice.