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Review on ICON by Talon Bourassa
The token sale for ICON’s ICX tokens closed in September 2017. The target was…
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 contributors.
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.
