What is ICX crypto? Is it the next 10 X crypto? We all know that cryptocurrencies aren't widely
accepted, but what if I tell you that we got it all wrong? It's true that the market as a
whole isn't accepted widely, but there are some cryptocurrencies that are backed and
used by some of the world's largest corporations. You guest it. I'm referring to the icon project
and it's native token. ICX disclaimer, I'm not a financial advisor. The video is for informational
and educational purposes only. Hey everyone. Welcome to crypto trends in today's video,
we'll talk about ICX crypto and can it really 10 X. So make sure to subscribe to the channel
so you don't miss out on any of our videos. So without further ado, let's get into it.
So what exactly is icon icon is a decentralized blockchain network designed to enable
interoperability across commun of separate chains. Icon's ultimate goal is to service the framework
for a network of chains, comprised of businesses and organizations from fields, such as banking,
healthcare, and education. Each can develop its own governance system while keeping connected
through the loop chain ICX serves as its native token to icon icon is south Korea's first Korean
based blockchain to gain traction inside the country. Tourists hotspots like Singapore and
Thailand are primarily focused on value-based cryptos. Whereas icon is a development platform.
The incentive scoring system is an AI-based component used by icon for governance and
award district. The incentive given to each node is determined by a variety of criteria, including
the quantity of frozen ICX CRE status. Overall ICX exchange volume, community exchange volume
and deck trading volume. In other words, greater network membership results in greater benefits.
Why are so many individuals counting on the icon project? Sustainability
while so many countries are constructing blockchains. By the conclusion of this video,
you will have the answer, how it all works. The icon project is a blockchain community ecosystem
linked through its own icon Republic community. The Republic aptly called after the representative
government function as a United nations, allowing each local community to determine what is best for
its network while serving as an intermediary to keep them all working in relation to one another.
Each icon Republic community has its own community nodes referred
to as C nodes that allow it to function. According to its own set of regulations,
citizens can sign up to be is and nodes in order to utilize DS on the network, such as a wallet,
but they have no governmental authority in any community or the icon Republic itself.
Community representatives elected by their local communities are the only nodes with voting powers.
These representatives are in charge of transaction verification and other tasks,
and they are rewarded with ICX tokens for their time and efforts. Icon also has a decentralized
exchange that allocates money reserves to each C node to facilitate realtime network
transactions. So both technological goal and value transfers are carried out at optimal rates,
but that's not all the icon. Blockchain takes smart contracts to the next level by incorporating
artificial intelligence, artificial intelligence on the blockchain icons, decentralized exchange
allows for OTC exchange trades that save on exchange costs this back and AI will continue
to evolve. And when use goes outside the Korean peninsula, the technology will eventually become
an advantage for icon. Most crypto trading, even of projects like ether is focused on
speculative value rather than real world cash demand. There's a chance that icon's primary
real world D usage will remain in, in Korea, but that's enough to increase its worth significantly.
South Korea alone is home to the headquarters of Samsung, LG and Hyundai and widespread worldwide
adoption is simple with a cooperation in a project like Samsung pay. For example, Samsung is also
developing cryptocurrency mining machines and may use icons blockchain to link all segments of the
business. Even if it just becomes Korea's official blockchain, it will power a $1.411 trillion
economy. There's plenty of area in that pond for large fish. The true secret to a successful
speculative investment in cryptocurrency is the same as it is in stocks, bonds or commodity on
wall street bet in future growth icon will still be a viable technology in 20 years
and someone will find a purpose for it. It hasn't occurred yet, but many knowledgeable investors
believe it will. Current price of ICX coin. The ICX token is currently trading at 69.33 cents
down by 3.6, 4% in the last 24 hours with a live market capitalization of more than 506 million.
It currently ranks 120th in the overall crypto market
price prediction of ICX coin. In my opinion, while attaining $1 is a lofty target. It is
attainable because most of the coin supply are currently in circulation. And there is a good
probability that the icon blockchain will act as the native blockchain for the Korean economy.
Once this occurs, we may anticipate widespread adoption of the icon blockchain and ICX coin by
enterprises. And if we look at the ICX coin's history price, we can see that at peaked at
13 point dollars and 16 cents around four years ago. So history can repeat itself. What are your
thoughts about ICX coin? Can it hit $1 this year? Let us know in the comment section down below.
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