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What can you do with ICON?
Store/Hold ICON
Many users hold on to their ICON with the expectation of it increasing in value. You can store your ICX safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.
Trade ICON
You can trade ICON for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for ICON trading to meet your needs.
Send ICON
Yes, Bitget allows you to easily transfer value around the world, fast. You can buy ICON online and send to anyone and anywhere with their ICON address.
Spend ICON
You can also buy goods and services with your ICON. More and more vendors and retailers accept ICON every day.
Donate ICON
Bitget Charity accepts ICON donations for global projects that aim to improve the lives of people in the bottom billion. You can donate ICON so no one misses out on the growth made possible by blockchain.
Learn More About ICON
You can read more in-depth articles on ICON from Bitget Research and study how cryptocurrencies like ICON work on Bitget Academy
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What Is ICON (ICX)?
ICON is a Layer 1 blockchain network created by the South Korea-based ICON Foundation in 2017. It aims to facilitate interaction and interoperability among independent blockchains, which are referred to as communities within the platform. The ICON network, also known as the "ICON Republic," serves as a nexus for various blockchain communities from different sectors such as finance, healthcare, and security to converge. It is designed to mirror real-world economies, providing a platform for different economic actors to issue and control their own forms of value under the rule systems they select, aiming to "hyperconnect the world." ICON's innovative approach facilitates the interaction of independent blockchains, allowing them to transact on a single network and overcome the limitation of isolated networks hindering widespread adoption of blockchain technology.
How ICON (ICX) Works
The ICON network uses a unique consensus mechanism called Delegated Proof of Contribution (DPoC), powered by a loop chain algorithm called loop fault tolerance (LFT), which enhances transaction speed by streamlining block generation and validation. The network comprises components such as Public Representatives (P-Reps), ICONists, and proposal systems, all working together to maintain integrity and transparency. P-Reps are responsible for governance and block production, elected based on the number of votes they receive from coin holders. ICONists are voters who elect P-Reps and participate in shaping the network's long-term vision. Additionally, the network employs a decentralized grant program, the Contribution Proposal System (CPS), and the Network Proposal System (NPS) to support a dynamic governance structure.
How Many ICON (ICX) Tokens Are in Circulation?
ICX has a total supply of 967,068,330. The current circulating supply of ICX is 967,068,267.
How to Buy ICON (ICX)
Consider investing in ICON (ICX)? It only takes 2 minutes to create an account on Bitget and start trading ICX.
Check out the available ICXL trading pairs on Bitget!
Spot market
ICON (ICX) Resources
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