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Revainrating 4 out of 5

ICON is very clear with its mission to connect the blockchains within a…

ICON is very clear with its mission to connect the blockchains within a blockchain, and connecting the real world with the crypto world. Marketing and Partnerships were a success, Backed by well experienced team. The only one that we wait for now, is the full adoption to the platform to see its full potential whether it will work or will create network congestion within. As we know being the "Mother of all blockchains" is a tough challenge to take.

Pros
  • ICON was founded by a Korean company, The Dayli Financial Group, It is a parent company that includes (16) sixteen companies and (30) thirty other successful launched of Fintech related products. Dayli is known for owning The Korean Exchange Coinone which is estimated worth $4 billion. It is a blockchain technology and a network framework designed that allows interconnections between different independent blockchains whose governance and standards are disparate from one another. It is arguably to be considered as the "Mother of all blockchains". It is a type of blockchain where it gives chances to everyone to create a blockchain project and channeling to other existing blockchain projects by joining the network for free and without intermediaries involved. The idea behind the ICON was inspired by Deleuze and Guattari, two French philosophers who used the term Rhizome and believing that the "World with no center point where any point is a connection to other points". Effective governance is essential for the blockchain, this is why Icon Network was established. It is composed of Community, C-Node, Icon Republic and Citizen Node. Each of this component plays an important role in the system. Icon Republic is determined by the votes of C-Rep who acts a representative of each community that has voting power over transaction verification. Moreover, Icon Republic serves as the main connector of different communities to the Icon Nexus, which is a multi-channel blockchain comprised of Light Client of respective blockchains. In addition, Icon Nexus is a loopchain based blockchain that executes smart contract (SCORE) which can then be customized in accordance with each operational needs and still can be linked with other network's ledger. Loopchain is a blockchain which is located at the core of ICON where real-time transactions with smart contract features among the communities happen. To add some spice, Icon Network implemented the LFT (Loop Fault Tolerance) which is an enchanced BFT (Byzantine Fault Tolerance) based algorithm that ensures the smooth flow of certainty of the consensus without any flaws facing. For the availability of ICX tokens and to figure its value we can rely it with its own decentralized exchange, yes we hear it right. ICON has its own DEX platform, this will apparently help to enhance the transaction with anonymity, allocation of funds, avoiding high transaction fees, and having the utmost ability to trade without going to public exchanges to pay for such as Binance, Idex, and others. Not to mention the A.I. analysis that provides necessary data needed for the internal exchange. ICON brought awareness of its existence and blockchain capabilities by huge partnerships from financial institution, insurance companies, hospitals, universities and others. To name a few like Forbes, Bloomberg, Woori Bank, and Japan's SBI Ripple. Thanks to the wonderful sacrifice and ideas of its well experienced group of team led by KJ Eee who is known as the founder of Nomad Connections and CEO of Dayli Intelligence. JH Kim who has 20 years of experience in the field of information security and known for his knowledge in developing patented applications such as PKI, authentication and security protocol. With advisors like Jason Best who is considered to be one of the top 10 most influential people in crowdfunding by Forbes, and Don Tapscott the one who established the Blockchain Research Institute which is dedicated to understanding blockchain opportunities, challenges, and use-cases.
Cons
  • Potential growth is suppressed for a short period of time due to South Korea's strict Ico regulations. Especially after the fraud issue involving Upbit, which created speculations that it would soon collapse akin to Mt. Gox. Inflation is apparent since its supply stood around 800 billion. Blockchain security measures must be highlighted, since the network deals not only with a single blockchain but with multiple ones.

Revainrating 5 out of 5

This is due to the collapse of the market with the btc falling but once…

This is due to the collapse of the market with the btc falling but once everything changes and the market changes its level up we will see icon between 3 to 4 dollars or more than that but everything depends on the btc

Pros
  • icon I sign good contracts so far this year among which are very good hospitals plans next year 2019 roadmap establishes an exchange with large payment systems I see icon in the top 10 of the coinmarketcap cryptocurrencies.
Cons
  • prices are well below the historical maximum but compared to its original price is up if the market continues so we will see very low prices and losses will be considerable because its inflation is too high at around 23% per year

ICON is poised to be South Korea’s first big hit blockchain. Its connective design and A.I. pricing solution makes it a great value and data exchange platform. While a strong start, it still has a few bases to touch before scoring the run.

Pros
  • ICX is an ERC20 token, and ICON is an independent chain that connects multiple Community sidechains, enabling cross-platform data and value communication. It also supports dApps. Created by Dayli Financial Group, a well-founded FinTech firm that also owns a crypto exchange. It’s gaining acceptance in South Korea. ICON Dex is an on-chain decentralized exchange for OTC exchanges. In addition, incentives are determined through an A.I. based on DAVinCI.
Cons
  • North and South Korea have been rivals for several generations, although peace talks are burgeoning. The Korean peninsula is clearly focused on working together toward common goals. This spirit is imbued into the heart of ICON.

ICON operates utilising the Loopchain distributed ledger. Here, blockchains of different communities are connected to the central Blockchain of the ICON Republic called the ‘Nexus’ which then connects all of these blockchains to each other. The native token of ICON Republic is ICX which can be used to utilize the resources on the ICON network, build or use dApps, convert one token to another using the ICX DEX (ICX based Decentralised Exchange), as incentives to Community Representatives…

Pros
  • ICON is a South Korean company that is developing a Blockchain interoperability platform to connect different communities like Banks, Insurance companies, Universities etc. to a decentralised distributed ledger called ‘Loopchain’. The project is owned by Dayli Financial Group, one of the biggest Fintech companies in South Korea. Dayli also owns one of the largest exchanges in South Korea called CoinOne. The project has been running successfully for over 2 years now. The ICO ended in October 2017, raising 150,000 ETH.
Cons
  • ICON aims to build the largest decentralised network by connecting new blockchains to existing blockchains. Interoperability within these blockchains will be made possible by making one blockchain a light client of the other. By achieving this feat and creating the ICON Republic which will have its own governance (this won’t affect the other communities), the project will connect different communities to each other and enable flow of information and value among these communities without the need for a third party (using smart contracts

The token sale for ICON’s ICX tokens closed in September 2017. The target was 150,000 ETH, which was the only cryptocurrency accepted during the sale. The total token supply was 400,230,000 ICX, with an exchange rate of 2,500 ICX for each ETH. Fifty percent of available tokens were allocated for the sale, with a further 16 percent going to the reserve. Fourteen percent went to the foundation; 10 percent to community group and strategy partners; and 10 percent to the team, advisors, and early…

Pros
  • ICON is also decentralized, following a growing trend ideal for free communities. Thanks to the decentralized nature of the network, communities can interact and connect with others, even if they have different structures of governance. Anyone can join the network with their own DApp that has independent governance.
Cons
  • Becoming a node on ICON Republic is as simple as creating your own DApp. Those who become nodes receive rewards based on the ICON activation performance. An artificial intelligence system ensures a fair distribution of rewards, optimizing distribution while ensuring total decentralization. The ICON network aims to be highly usable, making it possible to utilize blockchain technology in daily lives. Throughout project development, the team has worked to create real-world applications to be used by real communities and businesses. ICON will also have DAVinCI, the artificial intelligence solution from ICON that major financial institutions already trust.

Revainrating 4 out of 5

The ICON network aims to be highly usable, making it possible to utilize…

The ICON network aims to be highly usable, making it possible to utilize blockchain technology in daily lives. Throughout project development, the team has worked to create real-world applications to be used by real communities and businesses. ICON will also have DAVinCI, the artificial intelligence solution from ICON that major financial institutions already trust.

Pros
  • Several organizations are involved with ICON, including the ICON Foundation, a nonprofit in Switzerland. The foundation will support the community in multiple ways and led the ICON Token Sale. Theloop is a company focused on developing blockchain engines with headquarters in Korea. It is in charge of the Smart Contracts and ICON Nexus development. Finally, DAYLI Intelligence provides DAVinCI, which is the artificial intelligence solution that optimizes distribution and the network. The team behind ICON is extensive, including eight advisors; six members of the foundation council; 13 people in the blockchain department; five in the AI department; and an additional five team members for marketing, design, and security.
Cons
  • The ICON project because of its modular design makes it possible for different companies, individuals, etc. to interact almost instantly. This idea appealed to investors, so they bought 200 million ICX tokens in just a few hours, which brought developers 42 million dollars.

Icon transaction is so much faster compared to another cryptocurrencies, icon team is excellent, icon daily doing great and new parterships which seems most intersting

Pros
  • The icon is the one of the best blockchain services, the icon is the one of best network icon team is so much experienced icon recently done their mainnet successfully, in roadmap they planned a lot about improvement, icon have currently so many big parteners
Cons
  • I personnly feels icon doent have any con but still icon needs to do marketing because icon losing her rank due to marketing icon is one of the great projects then also icon losing his rank

This is certainly due to the general decline of the crypto-currency market. It’s difficult to say how the coin will show itself further. A lot depends on the rigidity or vice versa of the loyalty of the authorities’ policy. remember about diversification, never bet on only one project, since such an approach can result in a complete loss of capital. Perhaps, on the advice of experienced investors, it would be appropriate to allocate this cryptocurrency to 10% of the total investment portfolio

Pros
  • Availability of real technology application. As of July 2018, ICON signed contracts with 3 educational institutions, 26 brokerage companies and 6 hospitals. Vast schemes for the next two years. The roadmap indicates the launch of its own exchange, the introduction of AI and the integration of large payment systems.
Cons
  • Another problem of the project is inflation, which now stands at about 20% per year. If the trend continues, then the coin is unlikely to significantly increase in price and certainly will not be able to keep the rate. Now the price of ICON’s cryptocurrency fluctuates around 1.5 dollars. This rate is less than the historical maximum by about 800%, but it is almost 1 360% more than the original price of 11 cents.

Revainrating 4 out of 5

This project has great potential, a technological base and a strong…

This project has great potential, a technological base and a strong development team, but also a number of constraints (state regulation). If you are considering whether to invest in this coin, then take two things into account. Firstly, remember about diversification, never bet on only one project, since such an approach can result in a complete loss of capital. Perhaps, on the advice of experienced investors, it would be appropriate to allocate this cryptocurrency to 10% of the total…

Pros
  • A professional team of developers, which includes the best professionals in the industry. Official recognition by the state. ICON’s Cryptocurrency is the only project that can boast such an attitude on the part of the South Korean authorities. Partnership with the largest investment funds, banks, insurance companies.
Cons
  • The main deterrent is the country of origin of the coin. As mentioned above, although South Korean authorities generally support this project, they also exert great pressure on tightening control. Some analysts suggest that the state simply will not allow the ICON project to scale and enter the international market. With such a development scenario, the main idea of ​​ICON (global network) will be out of the question.

ICON is shaping up to be one of the best and highest potential cryptocurrency projects of 2018. Their goal of becoming the biggest blockchain in the world is extremely ambitious and with their roster of top talent and the partnerships they have with Coinone and Ripple, it looks like their goal is realistic.

Pros
  • get ready folks because the Koreans may show an extreme interest in ICX because it is Korea's first public blockchain to be introduced in the country. This means that the people who love cryptocurrencies the most may also be more eager to buy because of the love they have for their country.
Cons
  • ICON is a project under the legal entity Dayli Financial Group, one of the biggest FinTech companies based in South Korea, formerly named Yello Financial Group. Dayli currently offers services and owns companies in several industries.

Revainrating 4 out of 5

ICON’s platform is best thought of as a blockchain of blockchains…

ICON’s platform is best thought of as a blockchain of blockchains. Independently-governed blockchains, that can function by their own rules, can operate on the ICON platform to work with each other. While in a Nexus (explained shortly), they will have to abide by certain rules, but they will still have governance over their individual blockchains. Think of them as independent states, with their own rules, working at a international level when they must cooperate with each other

Pros
  • ICON Republic ICON Republic Is the centre of all the different communities. It is comprised of the C-Reps chosen by their respective communities to represent them. Governance decisions are determined by the voting of C-Reps. ICON Republic operates on the Loop Fault Tolerance (LFT) consensus algorithm. Citizen Node Citizens nodes are also part of the ICON Republic, but they are devoid of any voting rights. Participating of Citizen nodes occurs through the decentralized applications (DAPPS) created on Loopchain, more on this later.
Cons
  • Community Node (C-Node) C-Nodes make up the communities described above. Anyone from individuals to institution can run a C-Node within their chosen community. Community Representative (C-Rep) C-Reps are selected nodes/individuals who have been chosen by their community to represent them. To qualify as a C-Rep, a node’s contribution to the ICON network is first assessed via its IISS (ICON Incentives Scoring System) score. A minimum score must be achieved to be considered for a C-Rep position.

These independent blockchains connect to each other through the Nexus and have equal voting rights. The Decentralized Exchange that ICON offers will let them trade with each other through the common token, ICX. Every node has equal rights and have a say in the adjustment of ICX transaction fees. These Community Representatives (“C-Reps”) are compensated for maintaining their community’s blockchain with ICX tokens.

Pros
  • Connections between nodes in a single community – Communities are free to operate using their own self-determined consensus algorithms. Connection between nodes within ICON Republic – As previously mentioned, the consensus algorithm that governs the connection between nodes in ICON Republic is LFP. Connection between community and ICON Republic – ICON’s DEX facilitates for the transfer of value between communities and ICON Republic. Connection between different communities – C-Nodes in one community, are connected to C-Nodes in another community through the representation of their respective C-Reps in ICON Republic.
Cons
  • Community Independent blockchains that can operate with their own consensus algorithms and governance practices. Examples of communities given in the ICON whitepaper include: Financial institutions, governments, and even the Bitcoin and Ethereum protocols. Each community has its own blockchain, with no limitations placed on how different each community can be from another.

ICON already boasts communities comprised of reputable institutions – banks, securities, insurance, hospitals, universities, and more. ICON’s decentralized applications (DAPPs), including Blockchain ID and Payment & Exchange, can benefit current and future communities

Pros
  • After taking a closer look at the ICON $ICX project, it seems really hard to actually find a roadmap. The official website offers an outdated project section hidden in a link in the footer, and the Medium page has important information but its not assembled
Cons
  • Potential investors ,that keep hearing the "Korean Ethereum" shill, that are looking in to this project will have a lot of unanswered questions. There seems to be a gap in communication, possibly do to language barrier. It is a very popular project due to the amazing return on investment it made for some people, but the future of the project is foggy until clear plans are laid out.

Revainrating 5 out of 5

The ICON network aims to be highly usable, making it possible to utilize…

The ICON network aims to be highly usable, making it possible to utilize blockchain technology in daily lives. Throughout project development, the team has worked to create real-world applications to be used by real communities and businesses. ICON will also have DAVinCI, the artificial intelligence solution from ICON that major financial institutions already trust

Pros
  • ICON also has an official wallet service, ICONex, which enables users to create and manage multiple addresses. ICONex support ERC-20 compliant tokens, which means ICONex supports every cryptocurrency that was created on the Ethereum network. You can create your own wallet only via a Chrome extension
Cons
  • The ICON network already exists, and the project has it growing even more to improve numerous functions. At the moment, just some of the communities on the ICON network include e-commerce, banks, universities, securities, insurance companies, and hospitals. The decentralized applications provide benefits for both these communities and those that will use the network in the future.

Basically what happened is that its ownner, 'Theloop' partnered with leading financial institutions, offering services such as common authentication system, settlement systems without intermediary agencies, and trading systems that offer real time trade matching.

Pros
  • it was sort of a love at first sight relationship I had with it and based on current research I feel it is worthy of its own review and writeup. I will disclose now and at the end of this article that I am HODLing ICX and plan to be for quite some time so be warned that the author of this article has EXTREME positive bias attached towards this cryptocurrency. So lets get started
Cons
  • Well most cryptocurrencies don't have ICON's ability to bridge public blockchains like Bitcoin, Ethereum, Qtum, and NEO. It is able to do this because it has a much different blockchain at the protocol level. It doesn't follow traditional protocols that could be found in Ethereum or other cryptocurrencies.

Any and every chain, so long as it is mutually beneficial and viable. But the focus is South Korea 1st. ICON already has blockchains running. One for a handful of hospitals, another for some universities (3, expanding to 13 hopefully by end of this year), another for some banks (5 or 6 IIRC, one of them is Woori Bank, and in development with Ripple Asia), and another chain for 25 securities firms. These are contractual partnerships. ICON will look/work at expanding globally as soon as…

Pros
  • For bounty participants, we won't be implementing a KYC process. This is due to that no transaction was made between the ICON Foundation and the bounty participants. The ICX that we are giving you is a compensation for your participation thus, we are not implementing the KYC process for bounty program participants. If this really be so ,then this is the right solution,we expect an official statement
Cons
  • There was no ICO (technically). All tokens sold out in 6 hours of the first stage of the pre-sale. 1 ETH: 2500 ICX. So at the value of that day (Sep 20th 2017), you're looking at a price of USD$0.11.

The ICON project is building a global decentralized network. In the ICON world, independent blockchains with different governances can transact with one another without intermediaries. Dozens of reputable institutions are already in the network. Anyone can create a new blockchain project and join the network

Pros
  • Many cryptos can claim something akin to the above as a best case scenario, but the developers of ICON have placed a clear emphasis on the token's practical use. And it's worth mentioning that the project is led by an impressive team of advisors, including Don Tapscott
Cons
  • The ability of individual Communities to choose a crypto besides $ICX to facilitate internal value exchanges hurts the ICX token's potential from an investor perspective, as large organizations could unite all of their operations in one Community and use whatever currency they want. However, the ICX token still has great potential if it becomes the standard unit of exchange for even one major industry.

ICON’s ultimate goal is to build one of the largest decentralized networks and connect players from financial institutions, insurance companies, hospitals, and universities with a single network. For this reason, it is often referred to as the blockchain of all blockchains. The network was developed with the idea of providing the ability to link between different communities across countries and governing bodies and redefining the current economic system

Pros
  • Being a country that is at the forefront of new technology, South Korea currently has the greatest level of cryptocurrency adoption globally. ICON, being the most advanced blockchain platform created in South Korea, has tremendous potential in achieving wide adoption in the country and abroad
Cons
  • The main net token swap and the mobile wallet were scheduled to be completed in Q1 2018 but neither are finished yet. The token swap is basically ready now and is just pending exchange integration. Development of the mobile wallet is far less important in our view so we are not as concerned with the delay in its deployment.

ICON does not dally with communicating its aim to “hyperconnect” the world. Right off the bat, the abstract in their whitepaper informs the reader of ICON’s attempts to overcome the challenges of our data-heavy world through the power of blockchains. The company likes to use the medical and insurance sectors as examples of the practical value of ICON. When an individual visits the hospital for medical services and wishes for the treatment to be covered by his insurance, a hospital on the ICON…

Pros
  • The ICON team consists of Advisors, Foundation Council, Blockchain Department, AI Department and Design, Marketing, Security Departments representing a well structured project. Active presence in the social media, great community.
Cons
  • ICON Not backed.

ICON believes that the world has already progressed into being divided not by nationalities, but by communities. Hospitals, commerce, charities, educational institutions, banks, insurance providers – these are all communities who rely on each other to operate. These are systems of service providers who would perform better if they had access to the data security and services provided by related industries. ICON was founded by the Dayli Financial Group, a $4 billion organization, in 2016 and…

Pros
  • ICON runs its own decentralised exchange (DEX), which allows users to settle and exchange currencies in real time globally. This has large applications across a variety of sectors - especially banking and finance,Using its Blockchain ID technology - which is created via a smart contract, users benefit from simplified verifications across industries.
Cons
  • They used the word smart contract way to much.