Feel bad you missed the Ethereum and NEO rocket? Chance to redeem yourself. 🚀

A few months ago I shared some articles about NEO back when it was under 10$. I have been looking toward another cryptocurrency that will hype me as far as NEO did. I finally found one, although it's not new and the ICO was back in september I decided to share a quick overview about it. The price of ICON is 7.50$ as of today. Would be fun to look back at this the same way as I look back at my NEO articles. Enjoy!

📎 In a nutshell

The ICON Project aims to build a decentralized network that allows independent blockchains with different governances to transact with one another without intermediaries. Anyone can create a new blockchain project and join the network. A new blockchain project is free to connect with existing projects and create new unique worlds, or blockchain multiverse. ICON itself can be viewed as both a living organism and an ecosystem.

ICON is a vision with a proven track record and has progressed beyond the initial concept stage. ICON already boasts communities comprised of reputable institutions – banks, securities, insurance, hospitals, universities, and more. A future with faster money remittance and frictionless value exchange of securities, medical records, academic data, insurance fees is within our reach. With ICON, we now enter into a world of true hyperconnectivity.

❓Problem in current market

ICON is a decentralized network rather than the existing centralized network. Transactions on the ICON Network are verified by a ledger shared within the community network itself, not controlled by a centralized authority. This minimizes the involvement of unnecessary intermediaries, which significantly reduces the fees. In addition, decentralization ensures autonomy and independence of the community. In order to be connected to a centralized system, it is inevitable to passively accept the policies and system determined by the centralized organization. For instance, to use VISA or MasterCard for payment, it is necessary to use their designated system and follow their policies. However, the ICON Network allows each community to autonomously determine the appropriate systems and policies, while reliably connect to other communities when needed.

🏁 ICON goal

The vision of the ICON Project is to introduce the new era of decentralization by redefining the meaning of communities and creating a new world by connecting such communities. Communities today are commonly defined by its social and political functions and limited to the economic boundaries set forth by world nations. Through ICON, communities can go beyond and be free from traditional economic system and promote frictionless value exchanges with other communities, eventually resulting in maximum total utility of society. ICON is not limited to the real world, but it directly connects and communicates with the crypto world creating the most robust network that can scale without limits.

📶 Use cases:

ICON aims to eradicate the various boundaries that have been existed in the centralized system. Imagine stock investors in Korea trading Apple stocks in real time with US stock investors, or medical researchers at Korean university hospitals obtaining permission to work with diabetes patients’ data from Sydney and London. “Tokenization” of assets and rights are being accelerated, and as a result, the dynamics of cross-border connections is being redefined. Existing currencies, tangible assets such as real estate and automobiles, intangible assets such as patents, copyrights, and trademarks, our legal rights such as voting rights and citizenship, and even DNA data or blood test results can benefit from tokenization.

This forces us to rethink everything, even obscures the space-time boundary, and makes distinguishing tangibles from intangibles meaningless. It is possible to trade 0.2 apartments with 0.8 cars, and insurance fee can be directly paid by uploading 5 posts on an SNS.

🌀 Circulating Supply:

ICON has a total supply of 400,000,000 (400 Million)
Circulating supply: 380,000,000 (380 Million)
Symbol: RFR (ERC20 token)

📆 Roadmap:

Road map for 2018
2018 Q1
Developers meet-up
• Expansion of DEX reserve pool to most of major cryptocurrencies
• Expansion of partnership with blockchain networks

2018 Q3
Developers meet-up
• U-Coin Expansion: 10 Universities
• Financial Investment Consortium: Second service launch

A better overview will be given during "The Genesis" summit.
http://tkcryptos.com/icon-summit-genesis-announcement-5-dapps-built-icon-network/
Which will consist on: Mainnet demo, DApps on ICON network, Business and technical roadmap for 2018, Interoperability initiatives: Creating standards “

👥 Team:

There is a list with over 30 participants that can be found here: https://www.icon.foundation/en/ Press on 'Team'.

📝 Conclusion:

Great platform with a very well written whitepaper. They already have a massive community which is growing daily. Currently ICON is at the same phase NEO was back when it was called antshares or a year and a half ago when Ethereum didn't have any dApps built on it. This project has massive potential not to mention it's South Korean - we all know South Koreans love to speculate and prefer their own tech and platforms over others. ICON still need to be listed on major exchanges and it's currently blocked from ICO's in the country because of the ban which I believe will in time, be lifted after regulations.

📈 Price prediction

Currently ICON has a market cap of 3 billion and priced at around 7.50$. So in short, every billion will indicate 2.50$. Looking forward to:
-dApps being built on the platform.
-South Korea legislation.
-Taking off the ban on ICO's.
-Listing on South Korean exchanges.
-Growth potential (partnerships)

I believe it's safe to say we will see a 10 billion dollar market cap by the end of 2018 setting the price at 25$.

In the upcoming years after most of the things I mentioned will be realized and the dApps will start making revenue we might see a 50-100 billion market cap setting the price at around 125-250$ a piece. Crazy? Ethereum has a higher market cap and just a year ago it was under a billion.

🔎 Sources:

All information in this article has been taken from the website and whitepaper and image I do not take credit or ownership on the materials used.

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