Icon (ICX) is one of many currencies that are currently in the process of bouncing higher as the majority of cryptocurrencies are going up while trying to rebound from the market crash that was negatively affecting the price of our favorite assets for more than eight weeks in a row. However, bouncing higher is not the only thing ICX has been up to as Icon Foundation is focused on a new project as launched by their own team. Let’s see how the new project may affect Icon in the time to come as well as discover more details on the mentioned ICX project.
Icon and the Blockchain Incubator
Just like NEO is considered to be the Chinese Ethereum with an unspoken promise of dethroning Ethereum, Icon is considered to be South Korean Ethereum across numerous crypto communities. What we are most interested at the moment is a brand new project that is being launched by the Icon Foundation, where the mentioned interest is justified by the importance of the project, not only for Icon but for ICX and crypto community as well.
Apparently, Icon Foundation is launching a blockchain incubator, known by the name Deblock.
Deblock project is made possible thanks to a collaboration between Icon Foundation and a marketing company called AD4th which is in the business with digital advertising. As far as the project concerned, Deblock will work similar to the way business incubators are working, which means that there will be opportunities for all ICX users who would like to launch their project and potentially get it funded and launched eventually.
Deblock will serve the purpose of enabling all interested users in easily pitching their projects via Deblock blockchain incubator, while the most interesting projects would be funded, analyzed and supported. During the process of pitching and leading projects to realization, all participants will be advised on the main points of their projects with the idea of developing blockchain technology and contributing to mass adoption and mass use of blockchain technology and blockchain-based products and services.
Deblock will, of course, run on ICX network while it is expected to have over 300 projects to work on and develop during the course of 3 years where 50 of these would be completely and exclusively funded.
All of the 300 projects will be covered in the field of sponsorship, which means that all projects would be promoted with a serious marketing strategy with the cause of getting the best projects funded.
The chosen participants would be able to enjoy all the perks included in the blockchain incubator which means that the best projects would get marketing coverage, support, relevant advising, promotion and aid in development.
This project will not only affect Icon Foundation in a positive way but may also lead to further development of blockchain-based technology and contribute to the overall expansion of the world of digital assets and decentralization.
Further, on this matter, this project should definitely lead to the expansion of Icon Network given the fact that Deblock as a project has the main goal of making Icon the biggest decentralized application network in South Korea, which is a pretty flattering status.
One is for certain, and that is the fact that Icon is indeed showing improvement in its pace of growth, partially thanks to Deblock and the idea of the blockchain based incubator as initiated by their collaboration with AD4th. AD4th, as stated, is planning on expanding the market towards the 4th Industrial Revolution, as implicated by the company’s name. Their influence will be based on blockchain technology and business.
How is Icon doing at the Current Moment?
Being traded on Bithumb and Upbit for the last month have surely influenced the growth of Icon beside by other factors such as the launching of Deblock. The growth of ICX was also affected by a massive rebound all currencies are going through at the current moment as the market is slowly recovering from the latest crash.
After the most recent change in the market, Icon had another amazing increase and it is trading in the green, which has been the case for days now.
After the latest change, ICX has gone up for 9.01% against the dollar, while it is also rising in oppose to ETH and BTC, which means that ICX is growing at the faster pace of growth than Bitcoin and Ethereum at the moment.
In addition to rising against the dollar for over 9%, ICX is rising against BTC and ETH for 3.01% and 3.37%.
After the rise of a bit over 9% against the dollar, Icon can now be bought at the price of 3.50$ per one ICX unit. The current price is still four times lower than the record price of ICX as marked at the beginning of 2017, in January, when this currency was valued at the price of 12.47$ per one ICX token.
For the latest cryptocurrency news, sign up for our Telegram!
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.
Image courtesy of dconvertini via Flickr
XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.
NFTs are already being actively traded in markets globally. For…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
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…
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
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…