ICON is a decentralized network that allows different blockchains to transact with one another.
- What is ICON?
The ICON Project aims to build a decentralized network that allows independent blockchains with different governances to transact with one another without intermediaries.
- How was ICON launched?
Icon conducted an ICO in October 2017 in which half of total ICX supply was sold to the public. The total supply created is 800,460,000 ICX, with 400,230,000 sold to the public and circulating. The Issuance of the other 50% of the total ICX supply will be determined through annual C-Rep consultation.
- Who is the team behind ICON?
ICON has a decentralized organisation initiated by the ICON Foundation and mainly led by the Tech Company ICONLOOP. Accelerator companies have been established in Korea, USA, Singapore and Japan.