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All the Reasons to Go For ICON (ICX) as Your Platform of Choice

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ICON

ICON, currently ranked as the 22nd currency on the global coin ranking list, has surely been stepping up its game lately and living up to the expectations of a commonly popular nickname for ICX, Korean Ethereum. There are several self-proclaimed “Ethereum Killers” competing with the best platform in the market and the second-best crypto, Ethereum. However, although not aiming at competing with its peers as stated by the team behind ICX, ICON platform seems to be one of the rare blockchain-based platforms that can actually compete with Ethereum, thanks to the unique system that the team behind ICX has implemented into the system of ICON platform.

Now when it’s been almost a year since ICON has been launched as an ICO, here are all the reasons to consider going for ICON platform as your network of choice.

ICON Has Come a Long Way Since it Was Originally Launched

On May 19th, one of the ICX team members wanted to reflect on everything the team has achieved over the time since ICON was first launched as an ICO. It’s been less than a year ago since ICON was originally launched as an ICO, represented on the ICX official website as a “Blockchain network for hyper-connected society”.

According to the mentioned team member, ICX was nothing more than “just another ICO” back at the time when they had nothing but big dreams, a website and their ICO waiting to go live with trading.

Now, we can see a completely different picture, as ICON was apparently made to thrive in the crypto market, which, in a great portion, made the nickname “Korean Ethereum”, completely justified as Ethereum network poses as a model for the majority of assets with native platforms, mostly due to the revolutionary use of smart contract technology which allows the creation of Dapps, different types of bonds and contracts, as well as the needed tools for developers to make their own ICOs and blockchain-based projects.

Now, ICON represents a valuable and efficient network that allows its users to use smart contracts for making their own projects, which in a way resembles Ethereum. However, ICX platform is unique due to the fact that this network’s main objective is to connect the mentioned projects while interconnecting all sorts of blockchain-based projects, assets, and ICOs.

ICON: All-in-One Blockchain Ecosystem

One of the greatest advantages of the ICON blockchain network is the fact that ICX makes up for an “all-in-one” ecosystem that represents a smart combination of peer-to-peer network, smart contract utilization and creation, and consensus algorithm.

With this combination, ICON has acquired a massive technological potential that can be reflected in the fact that there are numerous investors interested in Korean Ethereum, given the fact that ICON can make up for a groundbreaking technology for hyper connecting people and business, with an easily scalable ecosystem for different industries, including financial industry, medicine, education, insurance and more.

In addition to promoting a groundbreaking technology when it comes to creating a perfect (or near perfect?) blockchain network, ICON stands out from the crowd due to the fact that smart contracts on ICX platform are running without the need of the VM, while simultaneously supporting live transactions with the support of LFT and BFT protocols.

ICON and Partnerships

Partnerships make up for one of the crucial factors for evaluating the technological capabilities of a certain network, as well as for evaluating the overall efficiency of the given platform.

That is how ICON presents yet another reason that could help an indecisive investor or a crypto enthusiast to make up their mind and go for ICX platform. Given the fact that this P2P network holds a massive potential for all sorts of different industries, ICON has acquired more than a couple of strategic partnerships that could sky-rocket this ICO above and beyond its current spot on the list.

Besides from having been partnered up with Samsung, thanks to the unique system of identification, called Chain ID, ICX has acquired many important partners, including Japanese corporation called LINE, Wanchai, and Hyundai.

As these partnerships play a crucial role in the further stages of mass adoption for ICON, the mentioned partnerships make up for yet another reason why ICX represents one of the most promising networks currently available in the market. LINE, the mentioned Japanese company solely has over 200 million users, each potentially representing an ICX holder with this latest partnership.

How is ICON (ICX) doing at the Current Moment?

After the latest change in the market, ICX has started to trade in the red once again after a brief pause that didn’t last for long.

That is how we can see ICX dropping against the dollar on June 2nd, which once again shows a sluggish trend that has been continuously adopted by the majority of currencies since the great market dip.

Following the latest change in the market, ICX can be traded at the price of 2.71$ per one unit, as it dropped by -0.82% against the dollar, which is, in reality, a rather small decrease.

ICX has set a record price of over 12$ per one unit back in January, while it would be hopefully able to get back to its all-time high in the following months.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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