What is ICON (ICX)

1. Project Introduction
ICON is a universal blockchain ecosystem focused on interoperability between different blockchains. The project aims to enable seamless communication between chains, allowing for token transfers and smart contract interactions across disparate networks.
The ICON Network uses a unique consensus algorithm called Delegated Proof of Contribution (DPoC), which operates on a Loop Fault Tolerance (LFT) consensus mechanism. It allows users to vote on block production decisions via a governance process. Launched in 2017 by the ICON Foundation, a nonprofit organization based in South Korea, the ICON blockchain went live in early 2018.
Summary: ICON provides a platform for cross-chain interaction and communication.
2. Team & Investment Info
Team: ICON was developed by a South Korean team in 2017. Min Kim, Chairman of the ICON Foundation, is a UC Berkeley graduate and former CFO of the San Francisco Seoul Sister City Committee and Managing Partner at IF Capital Management.
Funding: Raised 150,000 ETH (approx. $43 million at the time) via ICO in September 2017
3. Social Media URLs
X: https://x.com/poweredbyicx
Telegram: https://t.me/iconblockchain
Discord: https://discord.gg/b5QvCXJjJM
Medium: https://medium.com/poweredbyicx
YouTube: https://www.youtube.com/channel/UCI7Z_1sTKN-kCVgFD2a0GXQ
4. Token Info
Token Symbol: ICX
Token Type: Native coin on ICON mainnet
Issuance/Burn Mechanism: Inflationary model
Contract Address: https://tracker.icon.community/
5. Related Links
Official Website: https://icon.community/
Docs: https://icondev.io/
LinkedIn: https://www.linkedin.com/company/iconfoundation/
GitHub: https://github.com/icon-community
Other Info: https://www.rootdata.com/Projects/detail/ICON?k=Nzc%3D