ICON
ICX
Evaluation Score
Overall rating on a scale of 0-10
Crypto Token Health Score Explained
Our AI-powered health score evaluates on-chain metrics, community support, tokenomics, and more. This helps DeFi investors understand risk, compare tokens, and make informed decisions. Learn how to analyze DeFi tokens' risk and use these insights for DeFi portfolio risk management.
AI Analysis
Comprehensive evaluation of the token
ICON (ICX) presents a compelling but high-risk investment case, supported by strong fundamentals including an experienced team, active development on its BTP interoperability solution, and sound tokenomics. However, these strengths are significantly offset by a fatigued community and the pivotal, yet uncertain, success of its upcoming SODAX rebrand. The project also faces intense competition from established players in the interoperability sector. Success is entirely contingent on the execution of its rebrand and driving meaningful adoption of its technology, making it a speculative investment.
Detailed Analysis by Category
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)
ICON (ICX) is a decentralized blockchain platform designed to facilitate seamless interoperability between independent blockchains and real-world communities. Developed by the ICON Foundation, ICON creates an ecosystem where diverse decentralized applications (dApps) and networks can interact through a unified protocol.
Key Features
- Interoperability: Connects multiple blockchains via the ICON Republic and BTP (Blockchain Transmission Protocol)
- Scalability: High-throughput network architecture supporting thousands of transactions per second
- Governance: Delegated Proof-of-Stake (DPoS) consensus with P-Rep nodes for decentralized decision-making
- Smart Contracts: Supports Java-based smart contract development on the ICON Virtual Machine
- Token Standard: IRC-2 compliant token model providing standardized token functionalities
Use Cases
- Cross-chain transactions and asset transfers
- Decentralized finance (DeFi) applications and services
- Digital identity verification and data sharing
- Enterprise blockchain solutions and consortium networks
Token Utility
- Payment of transaction fees and gas
- Network staking and consensus participation
- Governance voting rights
Technical Specifications
- Native Token: ICX
- Symbol: ICX
- Consensus Mechanism: Delegated Proof-of-Stake (DPoS)
- Token Standard: IRC-2
- Launch Date: September 2017
- Maximum Supply: 800,460,000 ICX
Learn more about ICON (ICX) as a leading blockchain interoperability protocol driving decentralized innovation across a global network.
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