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View ChartICON (ICX) is a blockchain platform designed to facilitate interactions between independent blockchains. It was created to address the perceived limitations of developing and deploying real-world applications on decentralized, consensus-driven blockchain technologies. The project aims to bridge the gap between the centralized world and the crypto world by acting as an intermediary between various blockchains and their applications.
The network utilizes a chain-agnostic and scalable Blockchain Transmission Protocol (BTP) to enable secure interoperability. This allows ICON to integrate with any smart contract-enabled blockchain, offering diverse governance systems the ability to exchange fast and frictionless data. The platform is powered by its native cryptocurrency, ICX, which is the native coin of the ICON blockchain, which launched its mainnet in early 2018.
ICX has a total supply of approximately 1.1 billion tokens and does not have a maximum supply. The project launched its ICON 2.0 upgrade in November 2021 with improved performance, Java smart contract support, and preparation for future interoperability via the Blockchain Transmission Protocol (BTP). According to the project's published timeline, the ICON Network entered an economic shutdown phase in March 2026 and is scheduled to shut down permanently on December 31, 2026. All ICX holders should migrate before the network shuts down on December 31, 2026; ICX and Balanced (BALN) have migrated and merged into SODAX (SODA), with changes to the tokenomics.
ICON was founded in 2017 by Min Kim and originated in South Korea; the Switzerland-based ICON Foundation is the nonprofit organization behind the project. Min Kim is a co-founder of the ICON Network and previously served as the chief strategy officer of DAYLI Financial Group, a large fintech holding company in Korea. He was also the chief operating officer at Tapas Media, a U.S. digital content distribution platform, and is an alumnus of the Haas School of Business at the University of California in Berkeley. Min Kim incubated ICONLOOP, which serves as ICON's technical partner.
ICON held an ICO in September 2017, raising 150,000 ETH (roughly $43 million) and selling 50 percent of the token supply; ICO participants received their ICX in June 2018.
The ICON Foundation is the primary organization behind the project, described as a nonprofit entity dedicated to growing and sustaining the network's environment. While the foundation is based in Switzerland, it also maintains teams located across five countries. The project's team is expansive, with over 150 members working across departments such as Development. Key figures associated with the project include Jonghyup Kim, a Council Member of the ICON Foundation, and Scott Smiley, who works in Strategy. Don Tapscott, who established the Blockchain Research Institute, is listed among the foundation's team of experienced blockchain advisers. The De:Nexo team manages the Developers Portal, and the iBriz team was announced to lead a project in 2020.
ICON operates as a delegated proof-of-stake (DPoS) network. In this system, a majority of stakeholders delegate their share of the network, represented by ICX tokens, to registered validators. These validators are responsible for producing blocks and participating in governance. This model allows non-technical stakeholders to benefit from staking without needing to set up a node or join a staking pool. The blockchain is powered by Loopchain, which uses the Loop Fault Tolerance algorithm. This algorithm, combined with the DPoS consensus protocol, reduces the number of steps required for the consensus process.
Rewards are allocated through the ICON Incentives Scoring System (IISS), an algorithm that measures contributions to the ecosystem and distributes ICX.
The network's core interoperability feature is the Blockchain Transmission Protocol (BTP), a chain-agnostic and scalable protocol. BTP allows the network to integrate with any smart contract-enabled blockchain, enabling ICX tokens to be transferred across connected blockchains. ICON's Cross-Chain Framework simplifies cross-chain development through its xCall messaging standard and connections to secure bridging protocols. The ICON bridge is part of a two-phase BTP launch strategy.
Governance on the network is conducted by Public Representatives (P-Reps). To become a P-Rep, a team or individual must complete an on-chain registration process, which includes paying a 2,000 ICX registration fee. Blocks are produced and validated by public representatives (P-Reps) who also take part in governance, under the network's Delegated Proof-of-Stake (DPoS) model. The network structure includes Community nodes, C-Nodes, C-Reps, the ICON Republic, and Citizen Nodes.
ICON's primary value proposition is its focus on interoperability. The project seeks to solve the lack of interoperability in the market, which is a significant barrier to the widespread adoption of blockchain technology. By using its chain-agnostic Blockchain Transmission Protocol (BTP), ICON acts as a connector for disparate networks, including those in e-commerce, banking, universities, securities, and healthcare. This allows independent blockchains with different governance systems to transact with one another without intermediaries or sacrificing their autonomy.
The platform aims to make blockchain applications more accessible to developers and users by bridging the gap between the centralized and crypto worlds. It allows developers to build on one another's work, fostering an environment of collaboration. The network's Cross-Chain Framework, with its easy-to-use xCall messaging standard, simplifies cross-chain development. Furthermore, ICON's DPoS consensus model is designed to be inclusive, letting non-technical stakeholders participate in staking and earning rewards. The project also emphasizes enterprise adoption, with a network that includes universities, banks, insurance providers, and governments.
The ICX token serves multiple purposes within the ICON ecosystem. Primarily, it is used for governance. Holders can stake and delegate their ICX to a validator as part of the on-chain governance model. Staking involves locking up ICX in a wallet in exchange for daily ICX rewards. Stakers earn ICX rewards; the reward rate fluctuates with the total amount of ICX staked.
ICX is also the currency for all applications built on the ICON blockchain. It is used for sending and receiving payments and for paying transaction fees. A sizeable percentage of all fees collected in ICX are burned. The token is utilized throughout ICON's suite of DeFi protocols, including Balanced, Omm, and Craft. ICX also serves as the currency for enterprise use cases such as identity verification, digital certificates, and payments. Additionally, ICX functions as a peer-to-peer currency for permissionless, borderless, and non-custodial transactions, and serves as a currency within dApps on the network, such as Craft, ICON's NFT marketplace. It is also used as collateral in DeFi applications.
The ICON ecosystem is composed of various decentralized finance (DeFi) protocols and enterprise products. In DeFi, ICX is integrated into platforms like Balanced, Omm, and Craft. On Balanced, ICX can be deposited and converted to sICX (staked ICX), which can then be used as collateral to earn additional yield. The ecosystem also includes enterprise-focused products such as Zzeung, a decentralized identity service that stores verified identities on the blockchain, and broof, a documentation service that embeds certificates into ICX transaction metadata.
The network also features an ICX-based decentralized exchange (DEX) for trading native assets. The project's development is supported by the ICON Foundation and partners like ICONLOOP and De:Nexo. The network boasts connections to various blockchains, with an up-to-date overview available on its community website. However, the ecosystem is undergoing a significant transition. According to the project's published timeline, the ICON Network entered an economic shutdown phase in March 2026 and is scheduled to shut down permanently on December 31, 2026. As part of this transition, ICX and Balanced (BALN) have migrated and merged into SODAX (SODA), with changes to the tokenomics.
ICX cannot be mined in the traditional sense, as the network uses a Delegated Proof-of-Stake (DPoS) consensus mechanism. Instead of mining, participants can earn rewards by staking and delegating their tokens. To participate, a user must hold ICX in a compatible wallet and delegate it to a validator node of their choice. Validators are responsible for making governance decisions and operating nodes to keep the blockchain active. In return for delegating their ICX, users receive rewards in ICX. Stakers earn ICX rewards; the reward rate fluctuates with the total amount of ICX staked. Staking rewards are distributed periodically in ICX; unstaking requires an unlocking period of approximately one week before tokens are received.
When ICX is delegated, it becomes locked in the governance contract. If a user wishes to unstake, there is an unlocking period of approximately one week before the tokens are received. This period is designed to reduce the risk of network vulnerability from a large number of tokens unlocking simultaneously. For those seeking additional yield, ICX can be deposited into DeFi protocols like Balanced. On Balanced, ICX can be deposited and converted to sICX (staked ICX), which can then be used as collateral to earn additional yield.
Keeping your ICX safe requires using a secure and compatible wallet. Since ICX is a native coin on the ICON blockchain, it must be stored in a wallet that supports the ICX network, not an ERC-20 wallet. When staking or delegating ICX, it becomes locked in a governance contract for a period, so users should be aware of the unlocking period of approximately one week if they wish to access their tokens. It is important to always verify the official website and block explorer for the most accurate and up-to-date information.
Users should be cautious of phishing attempts and only use official links provided by the ICON community. For those holding ICX, it is critical to be aware of the network's scheduled shutdown on December 31, 2026. All ICX holders should migrate before the network shuts down on December 31, 2026; ICX and Balanced (BALN) have migrated and merged into SODAX (SODA), with changes to the tokenomics. Keeping up to date with official announcements from the ICON Foundation and community channels is essential for managing the transition and ensuring the safety of your assets.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for ICX are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of ICON (ICX) is $0.105136. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated ICX to USD rate at the top of BTCC’s price page. In terms of market scope, ICON records a 24h trading volume of $0 (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $115.581M. Its current circulating supply stands at 1.1B out of a maximum supply cap of ∞.
The price volatility of ICON (ICX) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (1.1B) to max supply (∞), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, ICON (ICX) hit an all-time high (ATH) of $12.6387 on 2018-01-09 04:10, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $0.000632 on 2026-10-19 05:45. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading ICX futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($0), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s ICXUSDT perpetual contracts support two-way trading. If you anticipate a price decline for ICON, simply log into your BTCC account with USDT margin available, navigate to the ICXUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for ICXUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $0.105136), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for ICXUSDT with zero financial risk.
Trading ICON (ICX) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for ICXUSDT, and review its live price ($0.105136) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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