ICON (ICX) has been one of the most hyped projects in the blockchain space so far. ICON’s vision revolves around creating a world where different real world institutions and blockchains are hyperconnected and where communities can easily work together without having to deal with the problems of cross-border communication.

Possible use cases and institutions can be: financial institutions, insurance companies, hospitals, universities and more.

ICON has been built on Loopchain, which is a high performance and highly scalable blockchain with smart contract capabilities. The network also features an easy to use wallet when transacting on the main network that includes support for various cryptocurrencies and a convenient ‘wallet ID’ feature labeled ICONick, which lets the user choose a unique nickname instead of using a complex wallet address.

An interesting fact regarding the project is that it has been backed by one of the biggest VC’s in the blockchain space, Pantera Capital. Dan Morehead has named ICX as one of the most promising startups.

Now after a long wait users can finally prepare to swap their ERC20 (Ethereum based) tokens to the final ICX main network tokens according to the official announcement. Users will have to either deposit their tokens with one of the 3 major exchanges that support the swap so far (Binance, Upbit, BitHumb) or need to send their tokens to the official ICONex wallet. The swap on exchanges will start from the 20th of June, while the official wallet will support it from the 25th of June.

What is ICX?

ICX is a network that hyperconnects several independent real world institutions and blockchain-based communities.

Where to buy ICX?

Binance: https://www.binance.com/trade.html?symbol=ICX_BTC

OKEx: https://www.okex.com/market?product=icx_btc

Huobi: https://www.huobi.pro/ko-kr/icx_btc/exchange/

Which wallet supports ICX?

ICONex Download: https://icon.foundation/contents/icx/iconex?lang=en