ICON (ICX) Price

ICON (ICX) is the native cryptocurrency of the ICON blockchain platform, currently ranked #524 with a price of $0.03882. It has seen a +2.21% change in the last 24 hours, with trading volume reaching $2.43K. ICON serves multiple functions within the ICON ecosystem, including: • Governance participation through staking • Payment of transaction fees • Collateral for DeFi applications • Rewards for validators (typically 6-8% annually) As an interoperability-focused blockchain, ICON connects various blockchain communities through its unique consensus mechanism. The total supply is 1.10B ICX with 1.09B ICX currently in circulation. ICON supports ICON's mission to facilitate seamless interaction between different blockchain networks, making it a key player in the cross-chain and enterprise solutions space. The project is backed by notable investors including Pantera Capital and Kenetic Capital.

ICON was created on October 27, 2017, when it was officially listed on cryptocurrency markets. The project was developed by the ICON Foundation, a South Korea-based organization. Before its public listing, ICON held an Initial Coin Offering (ICO) in September 2017, which successfully raised approximately $43 million (equivalent to 150,000 ETH at that time). This ICO distributed 50% of the total token supply to early investors, marking the beginning of ICX's journey in the blockchain ecosystem.

ICON was founded by Min Kim, who launched the project in 2017 through an Initial Coin Offering (ICO). The ICO raised approximately $45 million by selling 50% of the initial ICX supply at about $0.238 per token. Initially, ICX existed as an ERC-20 token on the Ethereum platform while the ICON mainnet was being developed. The project aims to create a decentralized network that allows different blockchains to interact with each other, focusing on interoperability and enterprise solutions. Min Kim's leadership has helped establish ICON as a notable project in the blockchain interoperability space.

ICON operates on a blockchain platform designed to connect different blockchain networks, enabling seamless interoperability. ICX functions as both a utility and governance token within the ecosystem. Users can stake ICX to participate in network governance, vote on proposals, and earn rewards. The token facilitates transactions across the network with fast processing times and low fees. ICON uses a delegated proof-of-stake (DPoS) consensus mechanism called Loop Fault Tolerance (LFT2), which allows for efficient validation of transactions. The network consists of community representatives who validate transactions and maintain the blockchain. As a cross-chain platform, ICON enables communication between different blockchains through its Blockchain Transmission Protocol (BTP), allowing assets and data to move freely between connected networks. This interoperability makes ICON valuable for enterprise solutions, DeFi applications, and cross-chain services. Currently priced at $0.03882 with a market cap of $42.55M, ICX has 1.09B ICX tokens in circulation out of a total supply of 1.10B ICX.

ICON utilizes a sophisticated technical architecture based on the Loopchain blockchain platform. It employs a Delegated Proof-of-Stake (DPoS) consensus mechanism called Loop Fault Tolerance (LFT), which enables fast transaction processing and network scalability. The architecture features a unique governance system with C-Reps (Community Representatives) who validate transactions and maintain the network. ICON's infrastructure includes the ICON Republic (connecting various communities), Community Nodes (representing different industries), and Citizen Nodes (regular users). The network uses a BTP (Blockchain Transmission Protocol) for interoperability, allowing seamless communication between different blockchains including Ethereum, Cosmos, and BNB Chain ecosystems. The architecture supports smart contracts through SCORE (Smart Contract on Reliable Environment), which is executed in a controlled environment for enhanced security. This technical foundation enables ICON to serve as a comprehensive platform for DeFi applications, enterprise solutions, and cross-chain interoperability.

ICON is building a promising future focused on interoperability and cross-chain connectivity. The roadmap for ICX includes enhancing its smart contract capabilities, expanding enterprise solutions within the Cosmos ecosystem, and strengthening DeFi applications. By 2027, ICON plans to complete major protocol upgrades to improve scalability and transaction throughput. The development team is prioritizing cross-chain functionality, allowing ICX to connect with Ethereum and BNB Chain ecosystems. With a current price of $0.03882 and market cap of $42.55M, ICON is positioned at rank 524 with growing momentum (up +2.21% in the last 24 hours). Looking ahead to 2031, ICON aims to become a leading interoperability solution with expanded governance features and enterprise adoption. The project continues to build partnerships while maintaining its focus on decentralized governance and security improvements.

ICON is currently going up due to its recent rebranding to SODAX and strategic decision to abandon its Layer-1 technology. This pivot has been viewed positively by investors, contributing to ICX's +2.21% increase. The token's interoperability features and growing ecosystem adoption are also driving this upward momentum.

ICON is currently dropping after breaking down from a long-term resistance level. Despite showing a recent +2.21% gain, the price has faced rejection at key technical levels. Market sentiment and broader crypto trends are influencing its downward movement toward support levels around $0.03882.

Based on market analysis, ICON (ICX) could reach $0.64 by the end of 2026, with potential growth to $1.20 by 2027 and $2.50 by 2028. Currently priced at $0.03882, ICX shows strong momentum with +2.21% 24h change and $42.55M market cap.

ICON has shown strong momentum recently with a +2.21% increase in the last 24 hours. Based on current market trends and growing adoption of interoperability solutions, ICX could potentially rise in 2026 if positive market sentiment continues and development milestones are achieved. Price movements depend on overall crypto market conditions and project-specific developments.

The current price of ICON (ICX) is $0.03882. As the #524 cryptocurrency by market cap, ICX has seen a +2.21% change in the last 24 hours with a trading volume of $2.43K.

The highest price ICON has ever reached was $11.49 in January 2018, marking its all-time high. Since then, ICX has not surpassed this record price point.

The lowest price of ICON (ICX) ever recorded was $0.03255 in April 2025, while its all-time high reached $11.49 in January 2018.

Currently, 1 ICX is worth $0.03882.

ICON is valuable as the native token of the ICON network, enabling cross-blockchain transactions and powering the ecosystem's interoperability features. With a current price of $0.03882 and market cap of $42.55M, ICX serves essential functions including governance, staking rewards, and transaction fee payments. Its deflationary mechanism through fee burning increases scarcity as network adoption grows.

As of 2026-05-08, there are approximately 1.08 billion ICX tokens in total supply, with about 1.07 billion ICX currently in circulation. ICON does not have a maximum supply cap, making it an inflationary cryptocurrency with ongoing token issuance.

No, ICX mining is not profitable as it uses a Proof-of-Stake consensus mechanism rather than mining. ICON has transitioned to staking, where validators earn rewards by holding and staking tokens instead of solving computational puzzles with mining hardware.

ICON was launched on October 27, 2017. It was created by a South Korean company to facilitate interactions between different blockchain networks through its native ICX token.

Currently, one ICX costs $0.03882.

You can buy ICON through centralized or decentralized exchanges(Gate.com). Simply create an account, complete identity verification, deposit funds, and place an order to buy ICX at $0.03882. Crypto ATMs also offer direct purchases.

To purchase ICX, create an account on a reputable cryptocurrency exchange(Gate.com), complete identity verification, deposit funds using bank transfer or card, navigate to ICX trading pair, enter purchase amount, and confirm your transaction. Store your ICX in a secure wallet for safekeeping.

Yes, ICON (ICX) is generally considered legitimate with a medium-risk rating. It ranks #524 with active development since 2017 and is backed by reputable investors. The project has solid fundamentals with interoperability features and cross-chain capabilities.

ICON (ICX) is a native cryptocurrency of the ICON blockchain platform, currently ranked #524 with a price of $0.03882. It powers the network's economy, governance, and transactions. Originally launched as an ERC-20 token in 2017, it transitioned to its own blockchain in 2018, focusing on interoperability and enterprise solutions.

The future of ICON looks promising with its strong interoperability focus and enterprise solutions. As a key player in the cross-chain ecosystem, ICX is positioned for growth through 2026-2031. With current price at $0.03882 and recent positive momentum (+2.21%), ICX has potential to increase in value as adoption expands across DeFi and enterprise markets.

ICON is owned by the ICON Foundation, a non-profit organization that oversees the development of the ICON network. While the foundation guides the project, ICON operates as a decentralized network where no single entity has complete control over the cryptocurrency.

The all-time high price for ICON reached $13.16000 on January 9, 2018, representing a significant peak in the token's price history.