Crusher of the Month: ICON (ICX) - Blockchain Designed For Real World Use

• Report rights infringement
• published: 18 Apr 2018
• views: 338

The ICON Project aims to connect all the activities in a country through its own blockchain. It is creating an open source ecosystem that allows organizations like government departments, universities, hospitals, and financial institutions to interact without third-party networks that charge transaction fees or delay the process. Full report by Crush Crypto: https://crushcrypto.com/icon-crusher-apr-18/ PDF of the presentation: https://crushcrypto.com/wp-content/uploads/2018/04/CrushCrypto-Crusher-of-the-Month-April-2018-ICON-ICX.pdf ICON official website: https://icon.foundation/ ICON whitepaper: https://icon.foundation/resources/whitepaper/ICON-Whitepaper-EN-Draft.pdf Download the free ICO Guide which contains 6 simple steps for analyzing any ICOs to find the winning projects: https://crushcrypto.com/youtube/ Note: This is not a paid review. We do not offer promotional or advertising services. Our content is based on our own research, analysis and personal opinion. _______________________________________ In our Crusher of the Month series we will select a coin or token each month that we have high conviction in. Here are some reasons why we selected ICON (ticker: ICX) for our April 2018 Crusher of the Month: #1: Focus on Real World Adoption We believe that the best metric to assess the value of a blockchain is actual usage, and the best proxy is the number (and value) of transactions performed on the blockchain. The ICON team is business-minded and focuses on getting more people to use their blockchain. Starting from South Korea, the project has partnered with numerous organizations to achieve its goal of connecting the world using blockchain technology. For example, there is already a pilot program at two South Korean universities (Sogang University and Postech University) where ICX tokens can be used to purchase items at vending machines. ICON also attracts high quality decentralized applications (dApps) to be built on their platform as the team provides blockchain development support to those projects. This is very valuable as blockchain talent is extremely difficult to come by. Six dApps were officially announced at the ICX Summit in January 2018, all of which are very solid. We believe that there are more dApps lined up and they may be announced after the ICON ICO platform is live. Being a country that is at the forefront of new technology, South Korea currently has the greatest level of cryptocurrency adoption globally. ICON, being the most advanced blockchain platform created in South Korea, has tremendous potential in achieving wide adoption in the country and abroad. #2: Relative Valuation in the Current Market Environment We believe ICON is significantly undervalued at its current level, in part due to there being some delays in the project’s development progress. The main net token swap and the mobile wallet were scheduled to be completed in Q1 2018 but neither are finished yet. The token swap is basically ready now and is just pending exchange integration. Development of the mobile wallet is far less important in our view so we are not as concerned with the delay in its deployment. We believe the coming couple of months will be very exciting for ICON because there will be lots of development milestones for the platform: - Main net ICX trading on exchanges - ICO platform goes live - Cross-chain transactions, starting with Ethereum, showing significant development - More partnerships with established companies - More dApps/ICOs to be announced With a barrage of news incoming for the project, we believe there will be numerous catalysts in the coming months to push the price of ICX tokens to new highs. Currently, ICX is the #21 most valuable cryptocurrency according to Coin Market Cap with a market cap of $1.1 billion. We believe it has the potential to become one of the top 10 coins by the end of the year, with a valuation comparable to Neo or EOS. _______________________________________ Disclaimer The information in this video is for educational purposes only and is not investment advice. Please do your own research before making any investment decisions. Cryptocurrency investments are volatile and high risk in nature. Don't invest more than what you can afford to lose. Crush Crypto makes no representations, warranties, or assurances as to the accuracy, currency or completeness of the content contained in this video or any sites linked to or from this video.