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Review on ICON by Cerys Jordan
Cryptocurrency is popular globally, but Southeast Asia is probably the largest…
Cryptocurrency is popular globally, but Southeast Asia is probably the largest booming market. When PCs and even smartphones were released, U.S. operating systems like Windows, iOS, and Android became worldwide standards. Cryptocurrency and blockchain technology are quickly decentralizing this and changing the way technology works globally.
Pros
- Scalability: ICON is compatible with traditional blockchains like bitcoin and Ethereum, but it’s also compatible with all other third party blockchain networks. Thanks to this feature, ICON plans to blend together the crypto-world with the real world more effectively than other networks that just support a single blockchain.
Cons
- There will be a total supply of 400,230,000 ICX tokens. The target amount of fundraising is 150,000 ETH. 1 ETH will buy you 2500 ICX. The developers are only accepting ICX for their token sale. The token sale is scheduled to start in October 2017, with a pre-sale taking place towards the end of September. Meanwhile, the ICON mainnet launch, the decentralized exchange launch, and the online/mobile wallet launch are all expected to take place before the end of the year.
