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ICON (ICX) Partners Up with Samsung Thanks to Chain ID

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ICON

ICON, one of the top 20 coins, currently ranked as the 19th-best coin in accordance with its market cap, has just acquired another important partnership. This time, ICX has managed to get Samsung on board, which is one of the leading companies in the domain of developing electronic devices. No need for the introduction of Samsung, as this company has managed to make a brand out of its name, but we are surely interested in analyzing what ICON is going to get out of this newly acquired partnership.

ICON Partners up with Samsung

One of the latest, most exciting news related to ICON, is the fact that the team behind ICX just partnered up with one of the leading brand names in the world of electronics, Samsung.

The main reason why ICX managed to get this partnership is the fact that Samsung will be using ICON’s own Chain ID for their new project called Samsung Pass.

The news about Samsung Pass and Chain ID broke out a couple of days ago, on May 11th, when the team behind ICX wrote on Medium about Chain ID, representing this project as the first blockchain joint authentication service.

The team managed to “forge” Chain ID out of loop chain blockchain system, and the mentioned authentication service will be used by Samsung for their latest project.

The entire idea of this authentication service started with South Korea wanting to regulate Certified Certificates, which is a centralized system of authentication. Wanting to answer the need of a more flexible method for personal authentication, ICX decided to use loop chain technology, that way creating a unique way of authentication with Chain ID.

Korea Financial Investment Blockchain Consortium has then become the technical partner, pairing up with ICON as their teams were working on Chain ID.

In the announcement, as published on Medium, the ICX representative stated that the mentioned project, Chain ID, was made almost a year ago and has been in use since October of last year.

However, now, Samsung found interest in this authentication service, wanting to use it for improving its own service, Samsung pass.

Samsung is currently using the bio-metric system for authentication on their mobile devices, but they are also planning on implementing Chain ID into their mobile devices, which is the main reason for partnering up with ICON.

This is, needless to say, a great deal for ICX, as its technology managed to find its way towards being massively used with the future designs of mobile devices that Samsung is planning on releasing, which is an amazing commercial use for ICON.

Partially driven by the latest partnership with Samsung, and in great way trading in the green, because the tables have turned in the crypto market, ICON is going up in its price today on May 13th.

How is ICON doing at the Current Moment?

The latest market trend dictates trading in the green with frequent rises, so ICX is no exception to the rest of the currencies.

In the period of the last 60 days, ICX did pretty well, although not among the top gainers of the mentioned period. During this time, ICX has risen for 43% against the dollar, while it managed to collect a rise of 60% in total against the dollar in the period of 30 days.

In the last two weeks, ICON didn’t perform as well as in the previously mentioned period of 60 and 30 days, which means that ICX was going down during this period, falling by -14% during the course of 14 days.

In the last seven days, the market was acting a bit sluggish, so we could see the majority of currencies going down while trading in the red. ICON was no exception, so we could see it losing -6.8% against the dollar in the last week.

However, today we can see a different case as the market has turned bullish again with having the majority of currencies going up while trading in the green against the dollar.

With the latest change in the market, ICON has gone up to 8.18% against the dollar, while it also went up against Bitcoin by 4.42%.

ICX is dropping in oppose to ETH by -1.95%, which means that Ethereum is doing slightly better at the current moment.

After the latest change in the market, ICX can be bought at the price of 4.14$ per one unit.

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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

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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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…

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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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