ICON
ICX
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
ICX (ICON) is in a terminal deprecation and migration phase, with the network scheduled to permanently shut down on December 31, 2026, and migrate to SODA on SODAX. Active Development and Tokenomics scored -1.0 (insufficient data) because ongoing development and economic models for ICX are effectively moot, and their weights were redistributed among the remaining sections. Community Support (2/10) is in dissolution as engagement narrows to migration logistics. Market and Use Case (4/10) reflects severe long-term valuation loss with ICX trading down over 99% from its all-time high with a diminished market cap of ~$15.6M-$18.3M. Team and Governance (6.5/10) reflects the established history of Min Kim, the ICON Foundation, and DPoS validator governance. Security and Audit History (3.5/10) notes no historical exploits or legal enforcement, but reflects limited public audit coverage and deep unrecovered price drawdowns. Because ICX is an officially deprecated asset undergoing chain shutdown and token migration, holders must migrate and new investment in legacy ICX should be avoided.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About ICON (ICX)
ICON (ICX) is a deprecated token scheduled to permanently shut down on December 31, 2026, migrating 1:1 into SODA on SODAX. Founded in 2017 by Min Kim and the ICON Foundation, ICON was created as a South Korean blockchain interoperability network. Following its production launch in May 2019, the network operated on a Delegated Proof of Stake (DPoS) consensus mechanism featuring Main Validators and Sub Validators subject to a 5% bond requirement. During its active years, the network supported early integrations with institutions including the Seoul Metropolitan Government, POSTECH, and Saramin.
ICX functioned as the native network and governance token powering transaction fees and validator staking across the ICON blockchain. As part of the transition to SODAX, the migration window opened on September 30, 2026, with a final swap deadline set for December 31, 2026. Following this cutoff, the ICON blockchain is slated to become a permanent, read-only archive, leaving any unmigrated ICX stranded.
Market performance and community participation reflect the network's wind-down. ICX has suffered a major market drawdown, trading down more than 99% from its historical all-time high with a market capitalization falling to between $15.6 million and $18.3 million. Public smart contract audit history remains limited, and community engagement has narrowed almost entirely to migration logistics amid network dissolution.