What Is ICON (ICX)?
ICON is a Layer 1 blockchain network created by the South Korea-based ICON Foundation in 2017. It aims to facilitate interaction and interoperability among independent blockchains, which are referred to as communities within the platform. The ICON network, also known as the "ICON Republic," serves as a nexus for various blockchain communities from different sectors such as finance, healthcare, and security to converge. It is designed to mirror real-world economies, providing a platform for different economic actors to issue and control their own forms of value under the rule systems they select, aiming to "hyperconnect the world." ICON's innovative approach facilitates the interaction of independent blockchains, allowing them to transact on a single network and overcome the limitation of isolated networks hindering widespread adoption of blockchain technology.
How ICON (ICX) Works
The ICON network uses a unique consensus mechanism called Delegated Proof of Contribution (DPoC), powered by a loop chain algorithm called loop fault tolerance (LFT), which enhances transaction speed by streamlining block generation and validation. The network comprises components such as Public Representatives (P-Reps), ICONists, and proposal systems, all working together to maintain integrity and transparency. P-Reps are responsible for governance and block production, elected based on the number of votes they receive from coin holders. ICONists are voters who elect P-Reps and participate in shaping the network's long-term vision. Additionally, the network employs a decentralized grant program, the Contribution Proposal System (CPS), and the Network Proposal System (NPS) to support a dynamic governance structure.
How Many ICON (ICX) Tokens Are in Circulation?
ICX has a total supply of 967,068,330. The current circulating supply of ICX is 967,068,267.
How to Buy ICON (ICX)
Consider investing in ICON (ICX)? It only takes 2 minutes to create an account on Bitget and start trading ICX.
Check out the available ICXL trading pairs on Bitget!
Spot market
ICON (ICX) Resources
Simple 3-step guide to buying ICX today in Estonia
Create your free Bitget account
Select a funding method
Complete your ICON purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for ICON using a payment method of your choice:
Buy ICON with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your ICON order.
How to buy crypto with credit/debit cardBuy ICON with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into ICON is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your ICON order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your ICON order.Buy ICON with the fiat balance in your Bitget account
You can Deposit fiat funds using SEPA to top up your Bitget fiat balance. Then click Buy Crypto > [Cash conversion] in the top navigation bar to place your ICON order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor ICON in your Bitget spot wallet
Bitget—where the world trades ICON
How to buy ICON for free
- Learn how to earn ICON for free through the Learn2Earn promotion
- Earn free ICON by inviting friends to join Bitget's Assist2Earn promotion
- Receive free ICON airdrops by joining ongoing challenges and promotions
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FAQ
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Next to the Baltic Sea in northern Europe lies a small and beautiful country of Estonia. It neighbors the Gulf of Finland to the north, Latvia to the south, and Lake Peipus and Russia to the east. The country has a total area of 45,339 km2 and a total population of 1,331,796. The people of Estonia use Estonian as the official language and Euro (EUR) as the official currency. The capital of Tallinn is the largest city in the country, followed by Tartu, Narva, and Pärnu.
The biodiversity of Estonia is remarkable. A lot of species, highly endangered ones included, can only be found in the nation. In fact, 18% land and 26% territorial sea of Estonia are protected by law. Moreover, the land that is Estonia today has been occupied by humans for at least 11,000 years, so the culture is apparently rich and relics abundant. A few worth-visiting attractions in Estonia include Kuressaare Episcopal Castle, Lennusadam Seaplane Harbour, Matsalu National Park, and Alpakafarm.
No matter where you are in the country, trading ICON(ICX) is a piece of cake when done with Bitget. A range of varied payment options, such as P2P trading, crypto deposits, and third-party merchants such as Apple Pay, Google Pay, and different credit card services, can satisfy the needs of any crypto enthusiast.