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Token Sale Successfully Ends!

 

What is ICON?

“ Hyperconnect the World ”

The ICON project is building one of the largest decentralized networks in the world.

ICON Network

ICON already boasts communities comprised of reputable institutions – banks, securities, insurance, hospitals, universities, and more. ICON’s decentralized applications (DAPPs), including Blockchain ID and Payment & Exchange, can benefit current and future communities.

For instance, Blockchain ID can be issued by financial securities community and be used for ID verification in all other communities. Likewise, ICX issued by hospitals can be used for payment & exchange in all other communities.

Use Cases

Smart Contract

Blockchain ID

Blockchain ID is issued through Smart Contract and can be used for verification in all communities. Open your next bank account in seconds. Receive student discounts without showing physical student IDs.

Decentralized Exchange

Payment & Exchange

ICON Wallet can transfer, settle, and exchange currencies in real time through DEX (Decentralized Exchange). It can be used in our everyday lives with our community network – banks, securities, insurance, universities, and much more.

Character

Usability

ICON brings blockchain technology into our everyday lives. The team behind ICON has been building real-world applications for real communities. In addition, ICON will benefit from ‘DAVinCI,’ our artificial intelligence solution trusted by some of the largest financial institutions in the world.

Scalability

ICON is fully compatible with traditional blockchains, such as Bitcoin and Ethereum, and also with all other third party blockchain networks connected to the real world. ICON blends the crypto-world and the real world to open and inspire new business possibilities and connectivity.

Decentralization

ICON envisions a decentralized world consisting of free communities. ICON is a decentralized network where communities with different governance structures can connect and interact. ICON allows anyone to join the ICON Network by creating a new DAPP with independent governance.

Comparison of Blockchains

Features ICON Ethereum EOS Bancor
Platform loopchain Ethereum EOS.io Ethereum
DAPP O O O X
Interchain O X X 0
Service Real time transaction O X X X
DEX O X X O
Governance Decision Making Process Decentralized Non-systematic Decentralized N/A
Technology Consensus Algorithm LFT PoW PoS PoW
Smart Contract versioning O X X X
Multi-Channel O X X X
Tierd System O X X X
AI support O X X X

Road Map

Business Roadmap

  • -Open Source of loopchain
  • -1st Developers meet-up
  • -Partnership with major bank
  • -ICO
  • -Listing of ICX
  • -Financial investment consortium:
    Blockchain ID service open
  • -U-coin pilot service open: 3 Universites
  • -Insurance: blockchain based auto-claim
    pilot service open
  • -2nd Developers meet-up
  • -Expansion of DEX reserve pool to most of
    major cryptocurrencies
  • -Expansion of partnership with blockchain
    net works
  • -3rd Developers meet-up
  • -U-coin Expansion : 10 Universities
  • -Financial investment consortium : second service launch

2017Q3

2017Q4

2018Q1

2018Q3

Technical Roadmap

-V1 RC version

  • -Nexus Testnet launch

-V1 GA version

  • -Nexus Mainnet launch
  • -Reserve channel open
  • -IISS implementation
  • -DEX(Ethereum/ICX) launch
  • -Wallet Web/iOS/Android

-V2 version

  • -Representation channel open
  • -Public channel open
  • -AI advisor launch
What is ICON

Token Sale

Token Supply

Target150,000 ETH*

Token Supply400,230,000 ICX

Token Allocation

Rate1 ETH = 2500 ICX

* We only accept ETH for Token Sale

Use of Proceeds

Key Dates

Sep.2017

Oct.2017

4Q. 2017

Pre Sale Start

Token Sale Start

- MAIN NET Launch*
- Decentralized Exchange Launch
- Wallet WEB/iOS/Android
* When MAIN NET Launch is completed,
  you can trade ICX without exchanges.

Token Sale

Team

  • Advisor
    • Don Tapscott Advisor Don is one of the world’s leading authorities on innovation, media, and the economic and social impact of technology and advises business and government leaders around the world. He has authored or co-authored 15 widely read books all over the world, including the international best-seller Blockchain Revolution, which he co-authored with his son, Alex Tapscott. In 2015, Thinkers50 named Don as the 4th most important business thinker in the world. In 2017, he established The Blockchain Research Institute, the world's leading think-tank dedicated to understanding blockchain opportunities, challenges and use-cases.
    • Jason Best Advisor Selected as one of the 10 most influential people in crowdfunding by Forbes.com, he is a contributor to TechCrunch and Venture Beat and a co-founder and principal of Crowdfund Capital Advisors (CCA). Recently, he was on the executive leadership team of Kinnser Software, ranked by Inc Magazine as one of the fastest growing private companies in the US.
    • Yiseul Cho Advisor Studied at MIT, worked for Facebook and run her own startup in Korea before moving to London. In London she set up a blockchain R&D lab which has worked with major card company, investment bank and remittance startup. From 2016, she works for HSBC as its 1st blockchain team focusing on blockchain data analytics. She also runs the biggest blockchain community group (1850 members) in London focusing on private blockchain technology, and works as partner at Blockchain angel investor group in Korea and specialized ICO marketing company for Korean market.
    • Ismail Malik Advisor He has over 20 years experience in Technology related startups and entrepreneurship covering Asset Management, Cryptocurrencies, Mobile Payments in the City of London and Emerging Markets working with leading firms such as Vodafone, Cellnet and News International. He was the founder of the world’s first Blockchain Lab and first ‘DLT’ company within Level 39 in Canary Wharf (world’s largest Fintech accelerator).
    • Simon Seojoon Kim Advisor Simon​ ​Kim​​ ​is​ ​a​ ​blockchain​ ​evangelist​ ​and investor.​ ​He​ ​is​ ​the​ ​co-founder​ ​of​ ​Knowre, a​ ​startup​ ​that​ ​was​ ​named​ ​one​ ​of​ ​the​ ​top 10​ ​innovative​ ​AI​ ​math​ ​education companies​ ​by​ ​Fast​ ​Company. He​ ​has managed​ ​various​ ​projects​ ​for​ ​10​ ​years​ ​as a​ ​UX​ ​designer. Simon​ ​studied​ ​computer science​ ​and​ ​engineering​ ​at​ ​POSTECH University.
    • Eddy Travia Advisor Eddy Travia is a pioneer investor in blockchain technology startups and the CEO of Coinsilium, a London-based venture builder, accelerator and investor in early-stage blockchain technology companies (NEX:COIN). In July 2013, after several years in private equity in Greater China, Eddy co-founded Seedcoin, the world’s first global incubator of digital currency startups and, in May 2014, was named among the ‘Top three Most Influential Investors’ at the Blockchain Awards. Eddy has led early-stage investments in 17 blockchain companies around the world. He also regulary delivers keynote speeches on blockchain and advises corporates and financial regulators.
    • Jehan Chu Advisor Jehan is a former front-end developer with ten years’ experience in web and enterprise application development. He has been a cryptocurrency investor since 2013, with successful investments including Bitcoin, Ether, Litecoin, Melonport and acts as Advisor to the Melonport, QTUM and OpenANX. He founded the Ethereum HK community (2014), co-Founded the Bitcoin Association of Hong Kong (2014) and founded the Hyperledger HK community (2016). He was a partner with the KMA on the Blockchain: Surge event, and a Gerson Lehrman Group (GLG) Council Member. Jehan is a graduate of Johns Hopkins University and a Masters degree candidate at Hong Kong University (2017).
    • Paul Veradittakit Advisor Paul is Partner at Pantera Capital leading blockchain investments. Prior to joining Pantera, he worked at Strive Capital as an Associate focusing on investments in the mobile space. Previously, he was at Hatch Consulting and LECG and performed business development and marketing for Urban Spoils, an early stage startup in the daily deal aggregation space. Paul graduated from the University of California, Berkeley with a B.A. in Psychology and a B.A. in Political Science.
  • Foundation Council
    • KJ Eee Foundation Council He majored in computer science and engineering at POSTECH University and developed 'SUHOSHIN', the first firewall in Korea. He founded Nomad Connection and has gained 3 million users through P2P Media Service Zimly. Currently, he is the CEO of DAYLI Intelligence, the blockchain and AI technologies company.
    • JH Kim Foundation Council He majored in computer science and engineering at POSTECH University, and has worked in the field of information security for nearly 20 years. He has experience in developing patented applications such as PKI, authentication and security protocol and products applied to embedded environment to enterprise environment in finance, public, and private sector. He holds the CISA qualification and is currently the CEO of theloop, the blockchain specialized company.
    • Jay Kim Foundation Council He majored in political science and philosophy in Korea University. He has worked as a CPA in PwC Consulting, a global consulting firm, for strategic and IT consulting for a number of financial institutions for over 10 years. He is currently working as a CFO of theloop, the blockchain specialized company.
    • Hoon Lee Foundation Council He majored in mechanical and aerospace engineering at Seoul National University and received his Ph.D. from the Graduate School of Technology Management. As a senior analyst at Woori Financial Group, he was responsible for macroeconomic and financial industry analysis and strategic planning. He is currently the CSO of DAYLI Intelligence.
    • Min Kim Foundation Council He has more than 12 years of experience as a director, entrepreneur, financial / M&A consultant, VC investor and mentor. He is currently the CGO of the DAYLI Intelligence and previously began his career in technology IB at Deutsche Bank, where he served as COO at Tapas Media, the US digital content sales platform, helping to establish the largest online community. He majored in business at UC Berkeley.
    • Guido Schmitz-Krummacher Foundation Council Guido Schmitz-Krummacher is our Board Member based in Switzerland. He has worked for 25 years for SME in MD, Board or CEO positions. Guido joined the crypto-industry a year ago and is an interchain of different crypto foundations and companies.
  • Blockchain Department
    • YG Lim Product Manager He majored in economics at Korea University and experienced affiliate marketing and online business planning at large domestic financial institutions. Currently, he is working on a number of blockchain projects at the 'financial investment consortium' secretariat and is involved in the overall blockchain business.
    • Nathan Kim Product Manager He has conducted a number of business consulting services to major domestic financial institutions at KPMG and EY, Global Consulting Firm. Currently, he is working on a number of blockchain projects at the 'financial investment consortium' secretariat and is involved in the overall blockchain business.
    • Flora Kim Product Manager After graduating MBA from Sungkyunkwan University, she conducted planning and marketing at the Foreign Exchange Division of KB Financial Group, and planned the business model for fintech and Overseas Branches TFT. She currently works as a foreign savings bank blockchain certification PM in DAYLI Intelligence.
    • Amy Jung Product Manager She majored in Political Science and International Relations at Seoul National University. She is currently conducting research on application of blockchain technology in domestic and overseas business in DAYLI Intelligence, and is in charge of China Communication channel.
    • Jiyoung Lee Product Manager She majored in French Language & Literature and International Relations at Seoul National University. Currently, she is conducting various researches on applying the blockchain technology to the real market in DAYLI Intelligence, and also in charge of business planning for the school community.
    • Henry Hyunil Lee Product Manager Henry is responsible for global strategy and fundraising at DAYLI Intelligence, and leads theloop's global blockchain initiatives as project manager. He previously worked in Investment Banking at J.P. Morgan and Deutsche Bank. He majored in business at the George Washington University.
    • Dongok Ryu Blockchain Developer For over 10 years, he has designed and implemented systems optimized for large-scale transaction processing on eBay, KT, and others. He feels excited when implementing new technologies and is working to create the ultimate blockchain. He is honored to contribute to the future of the blockchain.
    • Hyunkoo Shin Blockchain Developer He majored in mathematics at university and graduate school. In particular, he has been devoted to cryptography. He's been working in a PKI company for the last 10 years and performed a wide range of tasks from developing a cryptographic library to developing a PKI service. Currently, he is building the best smart contracts that can seamlessly connect the blockchain and the real world in theloop, the blockchain specialized company.
    • ByeongKil Sohn Blockchain Developer He has a bachelor's and a master's degree in computer science and software engineering. He started his career with network engine development using IOCP and experienced various network server development such as game, service, BaaS platform. He has a lot of experience and interest in Agile methodologies such as Extreme Programming and Scrum.
    • Jintae Hwang Blockchain Developer Based on his knowledge and experience in DB architecture, he has been involved in a variety of online service building and development projects that utilize tuning, clustering, replication, failover, data sharding, data security, high availability, backup and restore.
    • Junghwan Ahn Blockchain Developer Junghwan majored in computer science at university and has more than 10 years experience developing iOS and SDK. He is deeply interested in new technologies and aim to implement various services based on blockchain technology.
    • Jungsang Yoo Blockchain Developer Jungsang majored in computer science at university and participated in Android development and AP connection stabilization projects. His goal is to develop and further enhance products from various perspectives based on the blockchain technology.
    • Chunghyun Kim Blockchain Developer Chunghyun has developed web and other variuos utilities. He is now studying existing technologies, and his areas of interest are various technologies of backend and frontend. Above all, his goal is to make development fun.
    • Heizel Kim Blockchain Developer Heizel majored in computer science and engineering. She participated in various projects including Network Management, Business Process Management platforms. She was fascinated by blockchain's vision and is currently involved in developing loopchain to implement its vision.
    • Jinho Yoo Blockchain Developer He has experience in medical field, 3D construction and game engine design with background of computer vision, computer graphics and machine learning. He has been studying how to operate an effective software engineering team by Agile coach, and is now leading the design and implementation of core modules for loopchain.
  • AI Department
    • Sunghwan Kim AI Department Leader He majored in information and communication engineering at KAIST's graduate school and graduate school. He has over 10 years experience in data analysis and development. Specifically, he had experienced in embedded systems, IoT, autonomous vehicles, simulation software, and big data processing systems. Currently, he is interested in artificial intelligence, focusing on natural language processing and data engineering.
    • SH Park AI Director He majored in computer science and engineering at KAIST and received his master's degree from Seoul National University through Real-time System Research. After graduation, he developed and optimized Linux / Android Based Operating System. Currently, he is the CEO of Leevi, an artificial intelligence company.
    • Seok Heo AI Developer He majored in computer science at KAIST. He has participated in projects such as Big Data Collection and Analysis Platform, Credit Rating Report System, Financial Products Crawling and Data Providing System. Currently he is the CTO of Leevi, an artificial intelligence specialized company.
    • ST Kwon Data Engineer He majored in information and communication engineering at KAIST. He has participated in various projects including Big Data's real-time collection and analysis platform project, and online financial big data portal platform based on data mining and natural language analysis. Currently, he is the project manager of Leevi, an artificial intelligence company.
    • SY Kim Product Manager She conducted company analysis, mid / long term strategy and strategic planning work in famous IT companies. She is interested in the new value that artificial intelligence will bring, and is currently doing artificial intelligence business in DAYLI Intelligence. She studied mathematics at McGill University and studied Finance MBA at Korea University.
  • Design/Marketing/Security
    • US Byun UX Design Department Leader He has a bachelor's and a master's degree in design and worked as a design and UX design manager at Samsung Electronics. He is currently co-CEO of DANF, a UI / UX design specialized company.
    • Mingyeong Song Design Department Manager She majored in visual design and graduated with a masters degree in video design. She conducted various mobile / web UI / GUI design tasks in various projects. Currently, she is the manager of the design part of the ICON project.
    • Gail Kang Marketing Department Leader After receiving a bachelor's degree in Communication Design from Pratt Institute in New York, and a master's degree in visual design from Seoul National University, she started her career in the field of brand consulting. She has been involved in branding and marketing for 14 years in various industries including F&B, fashion, entertainment, and finance. She is currently the leader of branding and marketing department in the ICON project.
    • Kyungmin Chun Security Department Leader He majored in computer science and engineering at university and is an expert in information security and has accumulated a wealth of field engineer experience in various fields such as public, e-commerce, and finance. Currently, he is the leader of information security department based on his understanding of business characteristics and technology in the field of fintech.
    • Joon Heo Security Department Manager He majored in information and communication engineering and has experience in building various enterprise infrastructures in media, broadcasting, portal, and financial services. Also, he has experience in building and launching hybrid / private cloud services, and is interested in Infrastructure for micro service & automation technology. Currently he is creating an infrastructure that can optimize loopchain for the enterprise environment.
Team

FAQ

  • Token Sale Details
  • Token Sale process
  • ICX Token
  • ICX Platform

Token Sale Details

  • Use of proceeds
    Please refer to our Use of Proceeds plan described in detail on our website and the whitepaper.
  • How many ICX tokens are distributed through the tokensale?
    The target amount during the tokensale is set at 150,000 ETH, and a total of 400,230,000 ICX will be issued and distributed.
    Any amount exceeding the target will be returned to the participating Ethereum wallet after the completion of the tokensale process.
  • What happens if scheduled tokens are not all distributed until the tokensale is over?
    If it does not meet the full target amount, ICX will be issued only for the sold amount.
    Therefore, the total number of issued ICXs may vary depending on the tokensale result.
  • What is the expected value of ICX tokens after the tokensale?
    The value cannot be predicted in advance.
    As with any other cryptocurrencies, the value of token is determined by the market valuation.
  • Can anyone participate in the tokensale?
    Anyone can participate in ICX tokensale, but must check whether they are eligible to participate in this tokensale under their jurisdiction. (In general, residents of the United States and Singapore cannot participate in tokensale. Even if you are not a resident of United States and Singapore, please be sure to check if there are any regulatory restrictions in your country or state)

Token Sale process

  • How can I get ICX token?
    You can get ICX token by participating in the ICON tokensale. First, you should sign up at “icon.foundation” in advance.
    Second, once the token sale begins, you should get unique address and data that you can send Ethereum.
    Once completed, you can check your tokens from the Ethereum wallet address you sent(etherscan.io, etc.).
  • How can I buy ethereum?
    Ethereum can be purchased in most cryptocurrency exchanges. Please refer to the following website for more information.
    https://coinmarketcap.com/currencies/ethereum/
  • What happens if I participate with less amount than the minimum participation amount?
    The minimum participation amount is 0.01 ETH (25 ICX).
    Any amount below the minimum participation amount will be sent back to the original address.
  • How are tokens distributed/allocated?
    Tokens are distributed/allocated in the order of Ethereum received from specified address.
    Tokens are distributed to ERC 20, and can be checked immediately upon completion of your participation.
  • How many ICX tokens will I receive?
    2,500 ICXs are distributed per 1 Ethereum (ETH).
  • What happens if I send the ETH to the wrong address by mistake?
    Unfortunately, you will not be able to return it. Please be sure to check the address of your transaction before participating in the tokensale.
    The ICON Foundation will not be responsible for any lost tokens.
  • How can I get a refund?
    There is no separate refund process except in the case where the fundraised amount exceeds the maximum amount.
  • I sent ETH to the correct address, but I can't confirm the token immediately. What's the problem?
    It takes an average of 20 seconds for the Ethereum transaction to be confirmed (In some cases it may be shorter or longer).
    You will be able to check once the transaction is confirmed.
  • If I forget ICON website password, am I losing all my ICX tokens?
    No, you will not lose your ICX tokens. You can reset your password by 'Forgot Password' feature on the website.
    You don't have to worry about losing ICX because tokens are kept in the individual's Ethereum wallet.

ICX Token

  • When are genesis blocks generated?
    Expected launch of ICON Genesis block and ICX wallet is in Q4 2017, after which ICX will be traded on exchanges.
    Please note that development schedule may change due to unforeseeable circumstances.
  • From when can I trade ICX on the exchange?
    We plan to list ICX on exchanges to promote active distributions.
    Once the exchange listing is confirmed, we will announce the news through ICON social network channels. In addition, you can exchange ICX to ETH once the ICON wallet is launched because ICX's design allows you to exchange it with other currencies, even without going through the public exchanges.
  • Can I find out more details about wallet?
    Details regarding ICX wallet will be provided via e-mail and ICON social networks channels.
    Please check your e-mail account before participating in the tokensale.

ICX Platform

  • Can anyone be a node on ICON Republic?
    Anyone can participate as a node on ICON Republic by creating DAPP, and will be rewarded according to ICON activation performance.
  • What is the role of AI in ICON?
    ICON wants all nodes contributing to ICON Republic to be rewarded fairly and not to have certain powers over distribution policies.
    AI will continue to learn a variety of variables to determine optimal distribution policies and achieve complete decentralization.
  • Can ICX be mined?
    There is no mining procedures for ICX tokens.
    Issuances of new ICXs will be determined through annual C-Rep consultation.
  • What are the organizations involved with the platform?
    ICON Foundation: Non-profit foundation located in Switzerland.
    Leading the ICON Token Sale and supporting the community in a variety of ways.
    theloop: Blockchain engine development company headquartered in Korea. In charge of ICON Nexus development and other Smart Contracts.
    DAYLI Intelligence: Provider of DAVinCI, the artificial intelligence (AI) solution to be applied to ICON for optimal network and distribution policies.
  • What are the current major schedules for the ICX platform?
    Please refer to the technical / business roadmap page on our website.