Blogs
The Republic of ICON (ICX)
ICON is not just another coin in the sea of altcoins – it is a currency with a bold idea to make all blockchains connected into an amazingly organized blockchain ecosystem.
It seems that the more we are trying to follow up with the latest innovations and technological improvements, especially nowadays with crypto values, the more progressive these technologies become. ICON is one of the coins that is actually pushing this progress forward.
In a couple of months from now, this project could easily become a thing of reality so let’s see what exactly ICX is planning on doing.
What ICON has been up to so far?
ICON is a South Korean currency that became available for trading in October 2017. Since it started to trade across Binance and a couple of other exchange markets, ICX managed to quickly reach its all-time high. ICX started to trade at over 7$ per one unit within a really short time span which made many investors believe that ICON could actually become a huge thing in the world of cryptocurrency.
The time this currency took to get to the point of having ICX sold for as high as 7$ per one unit was pretty short, but then it soon started to fall.
After all the falls in its price, concluding with the recent change that took ICX’s price down for -6.93%, ICON is currently being traded at 3.75$ per one unit. Ranked at the 23rd spot, this currency is not giving up a perfectly bold idea for a series of drops in price.
If we are to analyze the reason behind the latest drop, this case wouldn’t surprise us as much if we would check out the rest of the currencies – almost every currency is going through a bad fall, losing on its price and even dropping for -20% during the last week.
So, the last week was pretty rough and everyone is eager to see how things will be going further at this point as we are slowly entering March. For now, you can purchase ICX on any of the major exchanges that offer this currency for around 3.75$ per one unit. If anything, the time for investing is right as this currency is trading far below its all-time high.
How does ICON work?
ICON is putting their idea into practice as the team behind it has already done a breakthrough by connecting with other blockchain systems. The connection is made possible through loop chains. Loop chain is a type of blockchain technology that allows interconnection between many different blockchain systems. While working on connecting these systems, the connected blockchains are separately existing from the connected chains while still offering a possibility of interference with other blockchains that are connected.
Through these loop chains, ICX is planning on connecting even more independent blockchain systems, going towards creating the greatest network of decentralized blockchain systems that would be able to coexist successfully. All parties would be able to operate with smart contracts with each other thanks to these loop chains, as well as make transactions between different blockchain systems.
The more different blockchain systems ICX would add, the bigger the chances would be for its price to go up. The ultimate goal would be to create a large community of different blockchains connected through these loop chains, that way creating the ICON Republic. The closest ICON comes to this idea is growing.
We will be updating our subscribers as soon as we know more. For the latest updates on ICX, sign up below!
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.
Image courtesy of coinmarketcap.com
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. One of the ways to have a successful…
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…
Altcoins
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…
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