ICON

ICON enables applications to operate smoothly across different blockchains, helping them build momentum and establish a strong reputation. It simplifies cross-chain development through its user-friendly xCall messaging standard and by linking to secure bridging protocols.

ICON Network was brought to life by Min Kim, who previously held the position of chief strategy officer at DAYLI Financial Group, the top fintech holding firm in Korea. He also served as the chief operating officer at Tapas Media, a digital content distribution company in the United States. Min Kim is an alumnus of the Haas School of Business at the University of California, Berkeley, and he played a key role in the incubation of ICONLOOP, the technical partner of ICON.

The ICON Network stands out with its native ICX coin that enhances interoperability. A significant portion of the fees collected in ICX is burned. Developers can create applications in any programming language using the ICON Cross-Chain Framework, which operates on an increasing number of blockchains. For the latest details on the connected blockchains, visit the ICON Community website (https://icon.community/).

ICON operates on a delegated proof-of-stake (DPoS) model, where most stakeholders delegate their ICX to registered validators who are responsible for block production and governance involvement. This DPoS consensus allows stakeholders without technical expertise to benefit from staking without needing to set up a node or join a staking pool.

On the ICON network, ICX holders can stake and delegate their coins to Public Representatives (P-Reps), who have signed up to manage the ICON blockchain. This DPoS structure provides dual benefits: stakers can earn rewards passively, while those interested in building infrastructure and governing can actively participate.

The network is managed by P-Reps. To become a P-Rep, teams or individuals must complete an on-chain registration process, which includes a 2,000 ICX registration fee. Once registered, a P-Rep can begin receiving staked ICX as delegation.

For further details: ICON Governance.

ICX can be bought on platforms such as Binance, Upbit, Bithumb, Uniswap (V2), BitStamp, and Gate.io.