ICON (ICX) Price

$0.12

ICON (ICX) Price Today

The live price of ICON is 0.12 USD. In the past 24 hours, the trading volume of ICON was 4.1M USD, down by -5.05%. The current price has decreased by -20.71% from its 7-day high of 0.15 USD, and increased by -6.57% from its 7-day low of 0.13 USD. With a circulating supply of 1,085,855,083.42 ICX, the market cap of ICON is currently 136.4M USD, down by -6.61% in the last 24 hours. ICON currently ranks #280 by market capitalization among cryptocurrencies.

ICON (ICX) Market Data

Market Cap

$130.3M

24h Volume

$4.1M

Circulating Supply

1B ICX

Maximum Supply

Fully Diluted Market Cap

$132.1M

Liquidity Indicator

3.15%

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About ICON (ICX)

What Is ICON (ICX) and How Does It Work?

ICON (ICX) is a decentralized Layer‑1 blockchain designed to connect various blockchains and real-world industries into a unified ecosystem. Launched in January 2018 by the Korea-based ICON Foundation, ICON aims to build a “digital nation” where blockchains, financial institutions, healthcare providers, and governments can interact seamlessly. The ICX token powers this ecosystem, serving as a medium for transactions, staking, governance, and cross-chain operations. Its mission is to solve blockchain fragmentation by enabling interoperability between networks through innovative technologies like BTP (Blockchain Transmission Protocol) and xCall.

At the core of ICON’s infrastructure is its Delegated Proof-of-Stake (DPoS) consensus mechanism combined with Loop Fault Tolerance (LFT), which ensures fast and secure block validation. ICX holders participate in governance by staking their tokens and voting for Public Representatives (P-Reps) who manage block production and propose network upgrades. This system also distributes staking rewards, offering ICX holders annual yields of around 6–8%. ICON’s on-chain governance supports both technical upgrades via the Network Proposal System (NPS) and ecosystem growth through the Contribution Proposal System (CPS), which funds community projects.

ICON also stands out for its focus on interoperability. Its BTP and xCall framework enables secure, decentralized communication between different blockchain networks, including Ethereum, BNB Chain, and Injective. This allows users to transfer assets and data across chains without relying on centralized bridges. Combined with a growing ecosystem of dApps, such as Balanced (DeFi), Craft (NFT marketplace), and Zzeung (enterprise identity), ICON provides a versatile platform for developers and enterprises. By acting as a hub for cross-chain connectivity and innovation, ICON positions ICX as a vital token for the future of Web3 integration.

When Was ICON Blockchain Launched?

ICON was founded in 2017 by Min Kim and the ICON Foundation, backed by Dayli Financial Group and ICONLOOP, with a vision to create a “digital nation” by connecting disparate blockchains. The project’s ICO took place in September 2017, raising approximately 150,000 ETH (~ US$43 million at the time). Its mainnet officially launched in January 2018, marking the full migration of ICX from an Ethereum ERC‑20 token to its native token on the ICON blockchain.

Co-founder Min Kim, hailing from DAYLI Financial Group (also the force behind Coinone exchange), led ICONLOOP in developing ICON’s Loopchain technology. Governance is managed via the ICON Republic, which includes Public Representatives (P‑Reps) elected by ICX holders, and Community Representatives (C‑Reps) who link separate blockchain communities into the ICON nexus. ICON also implements the Network Proposal System (NPS) and Contribution Proposal System (CPS) to support protocol upgrades and ecosystem initiatives, respectively.

After launching, ICON executed a 2018 roadmap that included a token swap, mobile wallet, decentralized exchange, and governance channels. In 2020, ICON unveiled “ICON 2.0: BATANG,” including the Java-based Goloop framework and interoperability via Blockchain Transmission Protocol (BTP). By August 2021, the migration to ICON 2.0 was nearly complete, with BTP integrations extending across networks like Kusama, Moonriver, BNB Smart Chain, and Near Protocol. Looking ahead, ICON continues enhancing developer tools, expanding BTP/xCall capabilities, and advancing ecosystem support through CPS-funded projects and enterprise adoption.

What Are the Key Use Cases for ICX Token?

Here are some of the uses for the ICX token:

1. Transaction and Gas Fees: ICX is used to pay gas fees for transactions and smart contract execution on the ICON network. It’s also required for registering new validators and bonding bonds, ensuring network integrity.

2. Staking & Governance: Users stake ICX by delegating to P-Reps (validators), enabling network security and decentralization while earning ~6–8% annual rewards. Stakers also participate in on-chain governance through systems like the Network Proposal System (NPS) and Contribution Proposal System (CPS).

3. DeFi & Collateral: ICX can be deposited as collateral in DeFi platforms (e.g., Balanced, Omm) to borrow stablecoins or other assets. Balanced also uses a portion of its trading fees to buy and burn ICX, reducing supply.

4. Cross‑Chain Fees & Burn Mechanics: As the native fee token for cross-chain messaging through GMP/xCall, ICX generates protocol fees that are partially used to buy back and burn tokens, supporting token scarcity with every interoperability transaction.

5. Enterprise Integration: ICX enables real-world use cases such as visitor identity management (e.g., VisitMe by ICONLOOP), and crypto payments within apps like Danal Fintech’s Paycoin, which facilitate transactions at large merchant networks.

You can easily trade ICX spot on BingX by placing a market or limit order via the ICX/USDT trading pair. Simply navigate to the Spot tab, select ICX/USDT, enter your desired buy or sell amount, and execute the trade.

What Is ICON Tokenomics?

Under the IISS 3.1 economic model, ICON adopts a fixed annual inflation rate of 3.99%. This annual issuance is strictly allocated as follows: 77% to stakers (voters), 13% to validators (P‑Reps), 10% to the Contribution Proposal System (CPS), and currently 0% to BTP relays (reserved for future cross-chain expansion). Monthly issuance is approximately 3,000,000 ICX: ~2.31M to stakers, ~0.39M to validators, ~0.30M to CPS.

ICX staking rewards are designed to support network security and governance. Annual yield ranges between ~6–7%, fluctuating with total staked supply. If only 1% of tokens are staked, APY could reach ~306%, and if fully staked, yield drops to ~3.06%. Validators must bond 5% of their received votes as “skin in the game,” reducing reward share if underbonded, and are subject to slashing for misbehavior.

ICON’s tokenomics also promote ecosystem growth and token value:

- CPS fund (10%) finances community-led projects via a decentralized grants mechanism.

- Transaction and cross-chain fees collected in ICX are burned or used to offset inflation, potentially reducing net inflation to zero when fee volumes match issuance.

- Upcoming BTP relay rewards will activate alongside interoperability expansion, enhancing the incentive structure for cross-chain nodes.

How to Stake ICX Tokens on ICON Network

Staking not only secures the ICON network and supports governance (via P‑Rep voting), but it also rewards you with ~6–8% annual yield (though APY varies). Here's how staking on ICON works:

1. Choose & Set Up a Wallet: Use a staking-compatible wallet like Hana (mobile), ICONex (web or extension), MyICONWallet, Atomic Wallet, Trust Wallet (with third-party validator), or a hardware wallet (Ledger). Install your chosen wallet, create or import your ICX address, and ensure you hold some ICX.

2. Delegate Your ICX to a Validator (P‑Rep): Access the staking section (“Earn” in Hana, “Vote” in ICONex/extension). Select a trusted validator (P‑Rep), choose an amount to stake (leaving ~1 ICX for transactions), and confirm the delegation. With Hana: tap Earn → ICON Staking → choose validator → confirm votes. With ICONex extension: load your wallet, go to Voting, adjust slider, and click Complete.

3. Earn Rewards & Manage Your Stake

- Rewards start ~48 hours post-delegation and accrue daily.

- Claim rewards via wallet interface: in Hana, use Claim I‑Score; in ICONex/Atomic, click Claim.

- Unstaking (undelegation) requires removing votes. Tokens enter an unbonding period of ~5–20 days (commonly ~11 days).

ICON (ICX) FAQs

How Does ICON’s Cross‑Chain Framework (BTP/xCall) Work?

ICON’s cross-chain framework combines the Blockchain Transmission Protocol (BTP) and xCall to enable secure, decentralized communication between different blockchains. BTP acts as a universal layer for verifying cross-chain messages, ensuring trustless interoperability without relying on centralized bridges. Built on top of BTP, xCall provides a standardized API that developers can use to send data and assets across chains like Ethereum, BNB Chain, Injective, and Archway. This system supports seamless token transfers, DeFi interactions, and dApp integration across networks, making ICON a hub for interoperable blockchain ecosystems.

How to Store ICX Tokens Securely

The simplest way to secure your ICX is by using the BingX exchange wallet, especially if you're actively trading or using spot features. BingX offers a secure, centralized storage solution with strong asset protection measures, continuous monitoring, and quick access to trading, staking, or withdrawing ICX on-demand. It's a convenient option for both beginners and experienced users looking to manage their holdings within a trusted platform.

For greater security and full control over your private keys, you can use dedicated wallets outside exchanges. Hardware wallets like Ledger Nano S/X and Trezor keep your ICX in offline “cold storage,” making them highly resistant to hacks and theft, a method widely recommended by the ICON community and security experts. You can manage ICX on these devices through Ledger Live, integrated with Hana or ICONex wallets. Software wallets offer a more accessible option and are ideal for users who still want to maintain self-custody. The official Hana wallet (previously MyICONWallet) is a popular choice among ICON users, supporting staking, Ledger integration, and advanced features. Older wallets like ICONex and MyIconWallet are still usable but may see reduced updates over time. Additionally, multi-chain wallets such as Atomic Wallet, Trust Wallet, and MyEtherWallet (with ICON support) provide secure storage, token swaps, and staking while keeping your private keys entirely under your control.

Is ICON (ICX) a Good Investment?

ICON (ICX) stands out as a potential investment due to its strong focus on interoperability and real-world utility. Its Blockchain Transmission Protocol (BTP) and xCall framework enable secure, decentralized communication between multiple blockchains, solving one of the industry’s biggest challenges, fragmentation. This cross-chain capability positions ICON as a key player in the Web3 ecosystem, especially as demand for seamless blockchain interaction grows. Additionally, the ICX token has built-in utility for staking, governance, and paying transaction fees, creating consistent demand within the network. The tokenomics model, with a fixed 3.99% annual inflation rate and burn mechanisms tied to network activity, adds a layer of deflationary potential as ecosystem adoption scales.

The ICON ecosystem also benefits from active development and a diverse range of dApps, including DeFi platforms like Balanced and Omm, NFT marketplaces such as Craft, and enterprise solutions through ICONLOOP partnerships. Regular updates, such as the transition to ICON 2.0 with enhanced performance and developer tools, further strengthen its long-term prospects. While the broader crypto market’s volatility poses risks, ICON’s combination of technical innovation, governance-driven community funding (via the CPS), and growing interoperability use cases make ICX an appealing option for investors seeking exposure to foundational blockchain infrastructure.

Information source

Official Website

Whitepaper

ICON (ICX) Price Converter

ICX to USD

1 ICX = $ 0.12

ICX to VND

1 ICX = ₫ 3,189.95

ICX to EUR

1 ICX = € 0.10

ICX to TWD

1 ICX = NT$ 3.61

ICX to IDR

1 ICX = Rp 1,991.40

ICX to PLN

1 ICX = zł 0.44

ICX to UZS

1 ICX = so'm 1,520.51

ICX to JPY

1 ICX = ￥ 17.93

ICX to RUB

1 ICX = ₽ 9.71

ICX to TRY

1 ICX = ₺ 4.94

ICX to THB

1 ICX = ฿ 3.92

ICX to UAH

1 ICX = ₴ 5.08

ICX to SAR

1 ICX = ر.س 0.45

ICON Price Converter

How to Buy ICON (ICX)

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