1 Level
6 Review
1 Karma
Review on ICON by Holly Smart
If you are a beginner in the digital currency world, it is recommended that…
If you are a beginner in the digital currency world, it is recommended that you make your first buy via Coinbase platform. Coinbase is a user friendly online platform and under full regulation by the US Goverment making it one of the most favorable and safest platforms to buy cryptocurrency. Coinbase is the world’s most popular way to buy and sell Bitcoin, Ethereum, and Litecoin. You can make your purchase by a bank wire transfer and debit or credit card. There is a higher fee for the cards but the transfer of currency is instant.
Pros
- The target of the ICON network is to have a broad spectrum of usability, providing the option to use blockchain technology in daily lives. During the development process, the team behind ICON was focused on making a real world applications that could be used by real industries and businesses. ICON will utilize DAVinCI, the artificial intelligence solution that major financial institutions already have confidence.
Cons
- The income from the token sale was divided straight forward. 20% of the income was given to the tech company for development expense for blockchain engine, DAPPs, artificial intelligence, etc. Additional 20% went to reserve 1 and 15% went to reserve 2. Reserve is divided into Reserve1 (ETH Reserve) and Reserve2 (Other Reserve) Reserve1 is required for DEX with Ethereum based networks, and Reserve2 is required for DEX with other non-Ethereum based networks.Second reserve received 15%
