Icon Coin: “hyper connect”-ing the world

ICON claims to be a decentralised solution which offers the benefits of hyperconnectivity which are more often associated with the centralisation. According to their whitepaper, their goal is becoming “a connector of disparate cryptocurrencies with different blockchain governances, and furthermore, a connector of the crypto world to our real world”

Their approach and developments to date have gone far beyond attempts by many of their peers (‘atomic’ cross-chain currency swaps) with a platform which is described most easily as the South Korean answer to the likes of Ethereum. They are a platform, with unique key features which can be appropriated by those who choose to build their own decentralised technologies upon it.

ICX is listed on leading Western cryptocurrency exchanges, such as Binance – as well as appearing on leading market caps which include CoinMarketCap and CryptoCompare.

The coin has enjoyed a large trajectory for much of its existence, but it’s not all good news as the coin has been in continuous decline since it’s $9.36 high on January 30th, 2018.

Currently sitting at a measly $3.64 at the time of writing (early March), ICX hasn’t seen the same return to form that the likes of Bitcoin, Ethereum and many of the forks thereof have enjoyed recently.

Furthermore, the community posts as seen on their official Medium page paint a less than pretty picture of the Western investors who feel let down by the efforts that the ICON team have put into marketing their coin outside of their own country.