BTP (Blockchain Transmission Protocol) is ICON's cross-chain messaging standard that enables arbitrary messages and asset transfers between different blockchains without trusted intermediaries.

Can I swap ICX without KYC?

Yes. SyntheticSwap supports ICX swaps with no registration or identity verification.

What real-world applications use ICON?

ICON has worked with South Korean institutions including BROOF (blockchain certificate issuance), MyID Alliance (digital identity for banks and hospitals), and government entities.

What is I-Score in ICON?

I-Score is earned by ICX holders who vote for P-Reps (validator nodes). Accumulated I-Score can be converted to ICX rewards, incentivizing active participation in governance.

Is ICON related to the Balanced Network?

Balanced Network (bnUSD stablecoin and BALN token) is a DeFi protocol built on ICON — an example of the financial infrastructure being built on the ICON blockchain.

Home/Supported Coins/ICON

ICON

Interoperability Blockchain Connecting Diverse Ecosystems

Launch Year

2017

Consensus

Delegated Proof of Contribution (DPoC)

Max Supply

Uncapped (inflationary)

Block Time

~2 seconds

ICX

ICON

Price—

24h Change—

Market Cap—

Volume (24h)—

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ICON Price Chart

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About ICON

ICON (ICX) is a South Korean blockchain project focused on interoperability — connecting different blockchain communities through a 'blockchain transmission protocol' (BTP). Founded by DAYLI Financial Group and the ICON Foundation, ICON was initially positioned as a blockchain for enterprises and institutions in Korea, connecting banks, hospitals, universities, and insurance companies. The network uses Delegated Proof of Contribution (DPoC) where nodes called P-Reps (Public Representatives) validate transactions. ICON pioneered blockchain-based decentralized identity (DID) solutions and launched ICON Bridge and BTP for cross-chain communication.

History

2017

ICON raises $42.7M in ICO; ICX becomes one of the most talked-about blockchain projects in South Korea.

2018

ICON mainnet launches; integrations with Korean financial institutions, hospitals, and universities begin.

2020

ICON 2.0 (Cleanloop) development announced with improved architecture and BTP interoperability.

2022

ICON BTP (Blockchain Transmission Protocol) launches for cross-chain messaging and asset transfers.

2023

ICON integrates with IBC; expands cross-chain connectivity to Cosmos ecosystem.

2024

ICON continues BTP expansion; Balanced Network DeFi protocol builds on ICON ecosystem.

How to Swap ICX

Swapping ICON (ICX) on SyntheticSwap is simple and requires no registration or KYC. Connect your personal crypto wallet, select ICX as your source or destination asset, enter your receiving wallet address, and confirm the live exchange rate. Once you send ICX to the deposit address provided, SyntheticSwap processes the exchange automatically and delivers the destination asset directly to your wallet. No personal information is collected — fully non-custodial from start to finish.

How to Store ICX

ICX is stored in ICON-compatible wallets. MyICONWallet is the official mobile wallet. Hana (formerly ICONex) is the browser extension wallet. Ledger hardware wallets support ICX. ICX can also be staked directly through the ICON governance portal to P-Reps for I-Score rewards.