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Review on ICON by Troy Quessy
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 investment portfolio. And secondly, if you decide to buy an ICON coin, then you should not count on fast ICs, as the road map of the project is painted up to 2020.
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.
