ICON
About ICON
The price of ICON (ICX) is $0.12096868 today, as of Sep 09 06:39 a.m., with a 24-hour trading volume of $1.65M. Over the last 24 hours, the price has increased by 1.43%. ICON currently has a circulating supply of 1.02B and a market cap of $122.99M.
ICX is the native cryptocurrency of Icon, an interoperability blockchain protocol that helps connect multiple blockchains together for digital token and smart contract data sharing.
One of the main problems with blockchain projects is they are created independently and therefore aren’t able to interact with one another. For example, without protocols like Icon, it would be impossible to send tokens or share smart contract data between blockchains such as Solana and EOS.
The Icon Foundation held the ICX initial coin offering (ICO) in September 2017, offering 2,500 ICX for 1 ETH. The ICO made 50% of the total token supply available to the public and raised about $43 million. The remaining 50% of the tokens was allocated for product development and to Icon’s founding team.
Newly issued ICX is first held by the Icon treasury before it is distributed to community members based on their contribution to the project’s development.
The ICX price spiked to $13.16 in January 2018 a few months after its ICO the previous September. ICX, however, was part of the crypto bear market in 2018 and moved steadily downward to the price of $0.25 at the end of that year.
The ICX price remained consistently under $0.50 for the next two years before eventually breaking above $2 in early 2021.