Buy ICON (ICX)
What is ICON?
ICON is an interoperability layer designed to help teams and developers create successful cross-chain applications. By acting as a bridge, it enables seamless data exchange between various blockchains and their respective applications.
How does ICON work?
ICON operates as a decentralised, open-source blockchain platform that facilitates connectivity between different blockchains. It utilises the Blockchain Transmission Protocol (BTP) for cross-chain data transfer, employs the Loop Fault Tolerance (LFT) consensus mechanism, and supports Java smart contracts to enhance interoperability.
What are the potential use cases for ICON?
ICON has a wide range of potential use cases, including:
- Decentralised identity solutions and digital certificates.
- Payment applications across a network of over 60,000 merchants.
- Decentralised finance (DeFi) platforms and stablecoins.
- Non-fungible tokens (NFTs) and marketplaces.
- Healthcare systems for chronic disease management.
- Enterprise and government adoption, such as projects with the Seoul Metropolitan Government.
What is the history of ICON?
ICON was founded in 2017 by the ICON Foundation and launched its network in January 2018. The initial coin offering (ICO) in September 2017 raised roughly 150,000 ETH. Over time, ICON has formed collaborations with multiple organisations and introduced technological updates like ICON 2.0, which supports Java smart contracts and enhances blockchain interoperability through BTP. The platform focuses on scalability and high transaction processing, establishing itself as a notable player in blockchain technology.
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Frequently Asked Questions (FAQs)
What is the current price of ICON (ICX)?
The ICON price is $0.27894149 AUD, representing a -7.47% from the day prior.
Where is the best place to buy ICON (ICX) in Australia?
The best place to buy ICON (ICX) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell ICON (ICX) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of ICON (ICX)?
The trading volume of ICON (ICX) is $15.3M AUD in the last 24hrs, representing a -7.47% from the day prior.
How can I buy ICON (ICX)?
ICON (ICX) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of ICON (ICX)?
The current market cap of ICON (ICX) is $286.3M AUD.
Can I convert ICON (ICX) to cash?
Yes - With Coinstash you can convert your ICON (ICX) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many ICON (ICX) are there?
The current circulating supply of ICON (ICX) is 1.0B.
Is Coinstash a safe place to buy ICON (ICX) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling ICON (ICX) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.