All posts by Hello ICON World

Korea’s ICO Regulation Update

ICON is focused on is gathering all the facts and provide our community with the best and most transparent information relevant to ICON only. During the past week, we received many inquiries regarding this announcement and we are aware of the concerns voiced by our community. Today, we want to say thank you for your patience and understanding.

As you may be aware, Korea’s financial regulators, or Financial Services Commission(FSC), announced prohibition of all new cryptocurrency sales just before the Korean Lunar Holiday Chuseok. As mentioned in the FSC announcement, the new Korea’s ICO regulations is a response to increased ICO scams and an attempt to protect consumers.

The FSC announcement was an official statement and should be taken very seriously regardless of the ICO ban not being fully effective, yet. Currently, we believe many areas of the announcement need to be clarified or elaborated. We expect regulators to follow up with more detailed plans in the future. We promise to keep you posted with the latest updates.

With the limited information that we have, we believe that the recent ICO regulation in Korea will not have a negative material impact on ICON’s ongoing business due to the following reasons:

  1. ICON’s token sale officially ended on September 20, 2017, prior to FSC announcement date;
  2. FSC is only restricting domestic ICOs, whereas ICON is a foreign non-for-profit entity; and
  3. Similar to other leading countries, ‘Utility Tokens’ (like ICX) will eventually be permitted.

Again, we take the ICO announcement very seriously will continue to monitor the development. And again, we’d like to thank our community for your patience and understanding.

Hyperconnect the World
ICON Team



Korea’s ICO Regulation Update was originally published in Hello ICON World on Medium, where people are continuing the conversation by highlighting and responding to this story.

ICON Support Program ICX Distribution Timeline

This post is clarifies the ICX distribution timeline for the ICON “Support Program”. The ICON team ran various Support Programs to promote the ICON Token Sale. The ICON Support Program distributed ICX for events, promotion, and community management.

The ICON team has a full record of all the Support Program activities and is constantly being tallied to incorporate new efforts.

ICON Supporters will receive their ICX when the ICX Mainnet(Q4) is opened. ICON Supporters will NOT get ICX ERC20 tokens.

Supporters will get an individual email when the Mainnet is opened and they can collect their rewarded ICX.

The ICON Support Program is divided into 5 main categories:

  • Meetup Business Card Event: ICON held two meetup events prior to the Token Sale. The ICON team collected business cards and chose a 13 lucky business cards. The selected business card owners were awarded ICX.
  • [LIVE] Lottery Draw Event: To reward active participation in the ICON chat rooms, the ICON team randomly selected chat room participants LIVE on Facebook.
  • Community Reward: The ICON team created a separate Community Reward to give ICON supporters who showed exceptional effort. For example users who shared on Crypto Facebook Groups or created separate ICON Telegram Groups.
  • Community Managers Wage: ICON is organizing a Community Manager program. ICON Community Managers will be responsible for managing a specific ICON channel and in the future will organize local Meetups.
  • Bounty Program: ICON created a bounty program where users who promoted the ICON Token Sale were awarded ICX.

* ICON Supporters must use the SAME email they used for supporting ICON. If supporters use a different email for the website, supporter swill not see their ICX in their respective ICON ICX wallet.

* ICON Supporters must go through the KYC process on the ICON website. If the Supporter is disqualified from the KYC process, the Supporter’s ICX will be withheld.

Hyperconnect the World
ICON Team



ICON Support Program ICX Distribution Timeline was originally published in Hello ICON World on Medium, where people are continuing the conversation by highlighting and responding to this story.

ICON Bounty Program

ICON is launching a Bounty Program! Promote ICON and get ICX for Free! Instead of spending our funds for Facebook and Google Ads, we will benefit our ICON users directly. Participate in the Bounty Program now.

The purpose of the Bounty Program is to the promote the ICON ICO. The ICON ICO will raise $44M and become the largest ICO in Korea. The ICO starts on October 20, 2017 and ends on November 3, 2017.

The Bounty will be accounted and distributed after the ICO is over. A Bounty Application Form (Google Form) is mandatory for each and every Bounty submission. For example, when you make a retweet, each Retweet requires a separate Bounty Application Form submission.

You may check the current state of your Bounty application submission in the Tracker Sheet. Only applications submitted to the Bounty program will be reviewed for the Bounty bonus.

Leftover Bounty will be given to individuals with exceptional performance. So, please, put in extra effort to win the Community Reward!

The ICON Bounty Campaign consists of 4 categories:

  1. Slack Join
  2. Dashboard Join
  3. Facebook Like
  4. Twitter ReTweet

1. SLACK JOIN

Join the ICON Slack channel to receive ICX. Please, note that you must use the same email for your Dashboard account and Slack account. Slack is the primary communication channel for the ICON ICO. So it is crucial to join our Slack channel to receive new updates.

URL

https://invite-slack.icon.foundation

CAP

  • 100,000 ICX (Leftover Bounty will be given to individuals with exceptional performance)
  • 3,000 Users (First come first serve)

REWARD

  • 20 ICX

ACTIVITY

  1. Join the ICON Slack channel
  2. Verify email via Slack confirmation email
  3. Login to ICON Slack channel
  4. Submit Slack Bounty Application form

CONDITION

  • Only one Slack registration per user based on your IP Address
  • Must remain in the Slack room until the ICO ends
  • Must leave at least 25 messages in the Slack room.
  • Any abuse will have their account banned and reported (All other Bounty applications will also be suspended).

APPLICATION FORM

https://docs.google.com/forms/d/1I2cmUuSMLqXRp1S1qteGZuHqBkFyhEgZeYHTFbjNAWA

TRACKER SHEET

https://docs.google.com/spreadsheets/d/1MvJhbIP6QPNUBW-kJKRIOQloHCA6bJZ4KjvkcNS27RI/edit#gid=0

2. DASHBOARD JOIN

You can earn ICX simply by joining the ICON Dashboard. Visit the ICON website to sign up. Make sure to submit an application to claim your Bounty reward. You must join the Dashboard in order to participate in the ICON ICO. Once you join the Dashboard, you will receive your unique ETH deposit address.

URL

https://www.icon.foundation/signup

CAP

  • 100,000 ICX (Leftover Bounty will be given to individuals with exceptional performance)
  • 3,000 Users (First come first serve)

REWARD

  • 20 ICX

ACTIVITY

  1. Join the ICON Dashboard
  2. Verify email via registration confirmation email
  3. Login to the Dashboard
  4. Submit Dashboard Bounty application form

CONDITIONS

  • You can only register one account per user.
  • You can only register one Dashboard account per IP Address
  • Any abuse will have their account banned and reported (All other Bounty applications will also be suspended).

APPLICATION FORM

https://docs.google.com/forms/d/1mBeyH2Bb2-9_o5RLxAh5_XN36Is4ZWny9pFHankfCBA

TRACKER SHEET

https://docs.google.com/spreadsheets/d/1MvJhbIP6QPNUBW-kJKRIOQloHCA6bJZ4KjvkcNS27RI/edit#gid=0

3. FACEBOOK LIKE

Simply “Like” the ICON Facebook Page and earn ICX. The ICON Facebook Page is used to announce ICON related news. ICON is a transparent blockchain project, which is why the ICON team will consistently post product updates on Facebook. Only one “Like” per day will be accounted in the Bounty distribution. You can continue to Like posts/page until the ICO is over.

URL

https://www.facebook.com/helloicon

CAP

  • 100,000 ICX (Leftover Bounty will be given to individuals with exceptional performance)
  • 3,000 Users (First come first serve)

REWARD

  • 25 ICX

ACTIVITY

  1. Like a “Post” from the ICON Facebook Page
  2. Or Like the ICON Facebook “Page”
  3. Submit Facebook Bounty application form

CONDITION

  • Only one “Like” per day will be accounted for in the Bounty Program
  • Must continue to “Like” the ICON Facebook Page/Post until the ICON ICO ends
  • Any abuse will have their account banned and reported (All other Bounty applications will also be suspended).

APPLICATION FORM

https://docs.google.com/forms/d/1JyX5I8Q_D7ChOPe4pGybeupTeYjdb4O5-a_j1InDVCY

TRACKER SHEET

https://docs.google.com/spreadsheets/d/1MvJhbIP6QPNUBW-kJKRIOQloHCA6bJZ4KjvkcNS27RI/edit#gid=0

4. TWITTER RETWEET

Follow and Retweet the ICON Twitter account and get ICX. ICON will constantly post product updates on Twitter. In order to claim the Twitter Bounty, you must follow the ICON Twitter account. Only one “Retweet” will be accounted in the Bounty distribution. You can continue to Retweet until the ICO is over.

URL

https://twitter.com/@helloiconworld

CAP

  • 100,000 ICX (Leftover Bounty will be given to individuals with exceptional performance)
  • 3,000 Users (First come first serve)

REWARD

  • 25 ICX

ACTIVITY

  1. Follow the ICON Twitter account (@helloiconworld)
  2. Retweet a Tweet from the ICON Twitter account
  3. Submit Twitter Bounty Application form

CONDITION

  • Only applicable to Twitter users with more than 500 followers
  • Only one Retweet per day will be accounted for the Bounty Program.
  • The tweet/retweet must be appropriate and not devalue ICON.
  • The applicant must be following the ICON account for the duration of the ICO;
  • Any abuse will have their account banned and reported (All other Bounty applications will also be suspended).

APPLICATION FORM

https://docs.google.com/forms/d/1jhxPxti9Xp7sij9TG-JZrxEH_Fh3Wc1GWfHKtkLCbEo

TRACKER SHEET

https://docs.google.com/spreadsheets/d/1MvJhbIP6QPNUBW-kJKRIOQloHCA6bJZ4KjvkcNS27RI/edit#gid=0

LEGAL NOTES

ICON has the sole discretion to determine whether or not the criteria to qualifications for a Bounty allocation are fulfilled (example: whether or a Retweet is appropriate for ICON).

Bounty distribution may be withheld at the discretion of the ICON Foundation. The most common circumstance would be due to the incomplete Bounty condition requirements. Additional Bounties can be rewarded to users who are particularly active during the ICON ICO campaign, in the case there are leftover ICX from the Bounty pool.

Any disputes that may arise from the ICON Bounty Program will be exclusively dealt by the ordinary courts of the city of Zug, Switzerland following the accordance to Swiss law.



ICON Bounty Program was originally published in Hello ICON World on Medium, where people are continuing the conversation by highlighting and responding to this story.

ICON Bounty Program

ICON is launching a Bounty Program! Promote ICON and get ICX for Free! Instead of spending our funds for Facebook and Google Ads, we will benefit our ICON users directly. Participate in the Bounty Program now.

The purpose of the Bounty Program is to the promote the ICON ICO. The ICON ICO will raise $44M and become the largest ICO in Korea. The ICO starts on October 20, 2017 and ends on November 3, 2017.

The Bounty will be accounted and distributed after the ICO is over. A Bounty Application Form (Google Form) is mandatory for each and every Bounty submission. For example, when you make a retweet, each Retweet requires a separate Bounty Application Form submission.

You may check the current state of your Bounty application submission in the Tracker Sheet. Only applications submitted to the Bounty program will be reviewed for the Bounty bonus.

Leftover Bounty will be given to individuals with exceptional performance. So, please, put in extra effort to win the Community Reward!

The ICON Bounty Campaign consists of 4 categories:

  1. Slack Join
  2. Dashboard Join
  3. Facebook Like
  4. Twitter ReTweet

1. SLACK JOIN

Join the ICON Slack channel to receive ICX. Please, note that you must use the same email for your Dashboard account and Slack account. Slack is the primary communication channel for the ICON ICO. So it is crucial to join our Slack channel to receive new updates.

URL

https://invite-slack.icon.foundation

CAP

  • 100,000 ICX (Leftover Bounty will be given to individuals with exceptional performance)
  • 3,000 Users (First come first serve)

REWARD

  • 20 ICX

ACTIVITY

  1. Join the ICON Slack channel
  2. Verify email via Slack confirmation email
  3. Login to ICON Slack channel
  4. Submit Slack Bounty Application form

CONDITION

  • Only one Slack registration per user based on your IP Address
  • Must remain in the Slack room until the ICO ends
  • Must leave at least 25 messages in the Slack room.
  • Any abuse will have their account banned and reported (All other Bounty applications will also be suspended).

APPLICATION FORM

https://docs.google.com/forms/d/1I2cmUuSMLqXRp1S1qteGZuHqBkFyhEgZeYHTFbjNAWA

TRACKER SHEET

https://docs.google.com/spreadsheets/d/1MvJhbIP6QPNUBW-kJKRIOQloHCA6bJZ4KjvkcNS27RI/edit#gid=0

2. DASHBOARD JOIN

You can earn ICX simply by joining the ICON Dashboard. Visit the ICON website to sign up. Make sure to submit an application to claim your Bounty reward. You must join the Dashboard in order to participate in the ICON ICO. Once you join the Dashboard, you will receive your unique ETH deposit address.

URL

https://www.icon.foundation/signup

CAP

  • 100,000 ICX (Leftover Bounty will be given to individuals with exceptional performance)
  • 3,000 Users (First come first serve)

REWARD

  • 20 ICX

ACTIVITY

  1. Join the ICON Dashboard
  2. Verify email via registration confirmation email
  3. Login to the Dashboard
  4. Submit Dashboard Bounty application form

CONDITIONS

  • You can only register one account per user.
  • You can only register one Dashboard account per IP Address
  • Any abuse will have their account banned and reported (All other Bounty applications will also be suspended).

APPLICATION FORM

https://docs.google.com/forms/d/1mBeyH2Bb2-9_o5RLxAh5_XN36Is4ZWny9pFHankfCBA

TRACKER SHEET

https://docs.google.com/spreadsheets/d/1MvJhbIP6QPNUBW-kJKRIOQloHCA6bJZ4KjvkcNS27RI/edit#gid=0

3. FACEBOOK LIKE

Simply “Like” the ICON Facebook Page and earn ICX. The ICON Facebook Page is used to announce ICON related news. ICON is a transparent blockchain project, which is why the ICON team will consistently post product updates on Facebook. Only one “Like” per day will be accounted in the Bounty distribution. You can continue to Like posts/page until the ICO is over.

URL

https://www.facebook.com/helloicon

CAP

  • 100,000 ICX (Leftover Bounty will be given to individuals with exceptional performance)
  • 3,000 Users (First come first serve)

REWARD

  • 25 ICX

ACTIVITY

  1. Like a “Post” from the ICON Facebook Page
  2. Or Like the ICON Facebook “Page”
  3. Submit Facebook Bounty application form

CONDITION

  • Only one “Like” per day will be accounted for in the Bounty Program
  • Must continue to “Like” the ICON Facebook Page/Post until the ICON ICO ends
  • Any abuse will have their account banned and reported (All other Bounty applications will also be suspended).

APPLICATION FORM

https://docs.google.com/forms/d/1JyX5I8Q_D7ChOPe4pGybeupTeYjdb4O5-a_j1InDVCY

TRACKER SHEET

https://docs.google.com/spreadsheets/d/1MvJhbIP6QPNUBW-kJKRIOQloHCA6bJZ4KjvkcNS27RI/edit#gid=0

4. TWITTER RETWEET

Follow and Retweet the ICON Twitter account and get ICX. ICON will constantly post product updates on Twitter. In order to claim the Twitter Bounty, you must follow the ICON Twitter account. Only one “Retweet” will be accounted in the Bounty distribution. You can continue to Retweet until the ICO is over.

URL

https://twitter.com/@helloiconworld

CAP

  • 100,000 ICX (Leftover Bounty will be given to individuals with exceptional performance)
  • 3,000 Users (First come first serve)

REWARD

  • 25 ICX

ACTIVITY

  1. Follow the ICON Twitter account (@helloiconworld)
  2. Retweet a Tweet from the ICON Twitter account
  3. Submit Twitter Bounty Application form

CONDITION

  • Only applicable to Twitter users with more than 500 followers
  • Only one Retweet per day will be accounted for the Bounty Program.
  • The tweet/retweet must be appropriate and not devalue ICON.
  • The applicant must be following the ICON account for the duration of the ICO;
  • Any abuse will have their account banned and reported (All other Bounty applications will also be suspended).

APPLICATION FORM

https://docs.google.com/forms/d/1jhxPxti9Xp7sij9TG-JZrxEH_Fh3Wc1GWfHKtkLCbEo

TRACKER SHEET

https://docs.google.com/spreadsheets/d/1MvJhbIP6QPNUBW-kJKRIOQloHCA6bJZ4KjvkcNS27RI/edit#gid=0

LEGAL NOTES

ICON has the sole discretion to determine whether or not the criteria to qualifications for a Bounty allocation are fulfilled (example: whether or a Retweet is appropriate for ICON).

Bounty distribution may be withheld at the discretion of the ICON Foundation. The most common circumstance would be due to the incomplete Bounty condition requirements. Additional Bounties can be rewarded to users who are particularly active during the ICON ICO campaign, in the case there are leftover ICX from the Bounty pool.

Any disputes that may arise from the ICON Bounty Program will be exclusively dealt by the ordinary courts of the city of Zug, Switzerland following the accordance to Swiss law.



ICON Bounty Program was originally published in Hello ICON World on Medium, where people are continuing the conversation by highlighting and responding to this story.

‘Blockchain ID’ introduced to MTS next month…no more Certified Certificate

Source: ETNEWS.com (View Original)

//Translated from Korean Language//

Blockchain personal authentication will be introduced next month in the securities firms’ Mobile Trading System (MTS).

This blockchain technology is the first in Korea to be applied to the general consumers. In the future, when the joint blockchain is expanded, financial consumers will be able to use all financial transactions free-of-charge as well as banks and securities firms without issuing a general certificate. Beyond personal authentication services, the blockchain has come to real life, from sharing card information to banking information.

According to the financial investment industry, the financial investment industry blockchain consortium will finalize the construction of a personal authentication system based on PKI using blockchain next month and enter into the trial service. ‘Blockchain Authentication’ will be added to 25 brokerage MTS certification centers participating in the consortium with the launch of the trial service.

According to an official from Korea Financial Investment Association, “The blockchain certification does not require a separate expiration period, but the three-year renewal period has been set in consideration of the replacement period of the smartphone.” If a consortium is formed, “We can proceed with the transaction once with the certification.” It is expected to be a universal certificate alternative.

Of the 25 securities companies participating in the consortium, four companies including Yuanta Securities, Meritz Securities, Kiwoom Securities, and Hyundai Investment & Securities completed development of the system during this month. The other 20 securities companies will also start trial service after system development by next month.

An official of Kiwoom Securities said, “We will be able to apply it to various businesses that require integrity and non-repudiation as well as joint certification.”

“We are actively participating in building a blockchain co-certification service to improve employee understanding and skill acquisition of blockchain technology, which is attracting attention as a future technology,” an official from Hyundai Investment & Securities said.

In the meantime, the blockchain technology has been considered as the core technology of the 4th industrial revolution along with artificial intelligence (AI) and big data , but it was difficult for the general public to feel it.

“It is difficult for banking chains to have great destructive power without combining with specific services,” said Kim Tae-ryong, chief executive of the Korea Financial Investment Association. “The reason why the financial investment industry chose personal authentication and information sharing as the first business of the blockchain is that it can provide customer service and because they can add a variety of authentication-based services. “

This is also the reason why the financial sector, especially the stock market, which is far from the 4th industrial revolution, is moving so fast. It is possible to reduce the cost due to the storage of the authorized certificate information which can be saved only by the introduction of the blockchain authentication right now.

Other expenses such as clearing and settlement of over-the-counter bonds can also be significantly reduced. The financial-investment industry blockchain consortium held a general meeting on July 7 and confirmed the improvement of accident prevention system for personal information importers as a second blockchain business. If securities information that is reported to Financial Supervisory Service is shared within the blockchain network, each brokerage firm can transmit the report contents in real time and automatically. The completion of the second project is completed at the end of October.

Each broker began to examine how to integrate virtual coins such as Bitcoin and Ethereum into the financial investment business with the start of the second business. “The banking industry is approaching from the perspective of drawing the long-term blueprint of the fourth industrial revolution, rather than expecting the blockchain to bring about a rosy future,” said Hwang Kuk-chae, chairman of the CIO “We will look into the possibility of using it in various fields such as over-the-counter bonds.”

Hwang Young-ki, chairman of the Korea Financial Investment Association, said, “This year, Korea’s financial industry will be the first year to make use of the blockchain.” The blockchain infrastructure that will be introduced this year will be used in all financial industries, “He said.



‘Blockchain ID’ introduced to MTS next month…no more Certified Certificate was originally published in Hello ICON World on Medium, where people are continuing the conversation by highlighting and responding to this story.

‘Blockchain ID’ introduced to MTS next month…no more Certified Certificate

Source: ETNEWS.com (View Original)

//Translated from Korean Language//

Blockchain personal authentication will be introduced next month in the securities firms’ Mobile Trading System (MTS).

This blockchain technology is the first in Korea to be applied to the general consumers. In the future, when the joint blockchain is expanded, financial consumers will be able to use all financial transactions free-of-charge as well as banks and securities firms without issuing a general certificate. Beyond personal authentication services, the blockchain has come to real life, from sharing card information to banking information.

According to the financial investment industry, the financial investment industry blockchain consortium will finalize the construction of a personal authentication system based on PKI using blockchain next month and enter into the trial service. ‘Blockchain Authentication’ will be added to 25 brokerage MTS certification centers participating in the consortium with the launch of the trial service.

According to an official from Korea Financial Investment Association, “The blockchain certification does not require a separate expiration period, but the three-year renewal period has been set in consideration of the replacement period of the smartphone.” If a consortium is formed, “We can proceed with the transaction once with the certification.” It is expected to be a universal certificate alternative.

Of the 25 securities companies participating in the consortium, four companies including Yuanta Securities, Meritz Securities, Kiwoom Securities, and Hyundai Investment & Securities completed development of the system during this month. The other 20 securities companies will also start trial service after system development by next month.

An official of Kiwoom Securities said, “We will be able to apply it to various businesses that require integrity and non-repudiation as well as joint certification.”

“We are actively participating in building a blockchain co-certification service to improve employee understanding and skill acquisition of blockchain technology, which is attracting attention as a future technology,” an official from Hyundai Investment & Securities said.

In the meantime, the blockchain technology has been considered as the core technology of the 4th industrial revolution along with artificial intelligence (AI) and big data , but it was difficult for the general public to feel it.

“It is difficult for banking chains to have great destructive power without combining with specific services,” said Kim Tae-ryong, chief executive of the Korea Financial Investment Association. “The reason why the financial investment industry chose personal authentication and information sharing as the first business of the blockchain is that it can provide customer service and because they can add a variety of authentication-based services. “

This is also the reason why the financial sector, especially the stock market, which is far from the 4th industrial revolution, is moving so fast. It is possible to reduce the cost due to the storage of the authorized certificate information which can be saved only by the introduction of the blockchain authentication right now.

Other expenses such as clearing and settlement of over-the-counter bonds can also be significantly reduced. The financial-investment industry blockchain consortium held a general meeting on July 7 and confirmed the improvement of accident prevention system for personal information importers as a second blockchain business. If securities information that is reported to Financial Supervisory Service is shared within the blockchain network, each brokerage firm can transmit the report contents in real time and automatically. The completion of the second project is completed at the end of October.

Each broker began to examine how to integrate virtual coins such as Bitcoin and Ethereum into the financial investment business with the start of the second business. “The banking industry is approaching from the perspective of drawing the long-term blueprint of the fourth industrial revolution, rather than expecting the blockchain to bring about a rosy future,” said Hwang Kuk-chae, chairman of the CIO “We will look into the possibility of using it in various fields such as over-the-counter bonds.”

Hwang Young-ki, chairman of the Korea Financial Investment Association, said, “This year, Korea’s financial industry will be the first year to make use of the blockchain.” The blockchain infrastructure that will be introduced this year will be used in all financial industries, “He said.



‘Blockchain ID’ introduced to MTS next month…no more Certified Certificate was originally published in Hello ICON World on Medium, where people are continuing the conversation by highlighting and responding to this story.

ICON’s ICO Opens — Korea’s Newest Cryptocurrency

Source: Cryptocoin.kr (View Original)

//Translated from Korean Language//

The second ICO our of Korea is coming soon (BOScoin was the first). DAYLI Financial Group (formerly Yello Finance Group) is preparing to launch a coin called ICON. The site was opened on the 2nd. Of all things, the Korea version of the Whitepaper attracted me the most, and after reading through, I felt the company was well prepared.

ICON ICO Homepage: https://icon.foundation/

ICO scale of ICON

The total number of tokens delivered to a total of 150,000 ETH is 400,230,000 ICX. The Won is 38,175 million won (on August 3 at 19:15 coins per dollar), about 38 billion won. It is quite large. Recently, ICO market is shrinking, but it is remarkable how much it can be procured.

Abstract of ICON White Paper

The advent of the blockchain technology has introduced the world of decentralization and is challenging our preconceived perspectives of the current social, political, and economic systems, most notably, the central banking system. The rapid advancement of this technology has begun to blend world borders and statute, providing glimpses of an improved, alternative future. Yet, the technology is still at its infancy and is confronted with limitations in terms of performance, ease of use, and service quality.

Generally, the majority of blockchain projects place emphasis on their decentralization methodology and lack evidence of adoption in the real world due to their technological and business limitations. The ICON Project (“ICON”, “ICON Network”, “we”, “our”, “us”) aims to overcome such challenges and help advance our society towards true hyperconnectivity.

This paper outlines our vision and philosophy of the ICON Project and details on the supporting proprietary technologies that have been in development over the past few years. More importantly, we discuss actual implementation with dozens of reputable institutions that are already in the ICON Network. This demonstrates our progress beyond the initial concept stage and validates our team’s strong execution ability; a major factor that differentiates ICON from the majority of blockchain projects today.

ICON is inspired by Gilles Deleuze and Felix Guattari’s rhizome — “the world with no center point and the world where any point is a mere connection to other points.” ICON is a connector of disparate cryptocurrencies with different blockchain governances, and furthermore, a connector of the crypto world to our real world. ICON embraces the new and the unfamiliar, the principle of radical inclusion — accept new ideas and decisions made by the new republic established by ever-changing crypto-to-real world connections.

ICON Whitepaper Draft (EN)

Impressive technology LOOPCHAIN

We are in the process of implementing our blockchain technology in various industry communities made up of reputable institutions, including capital markets, insurance, university, and healthcare. Each community has started to embrace the blockchain technology to solve existing inefficiencies and began to recognize the possibilities of expanding beyond respective communities by connecting with other communities. In a sense, ICON is a natural evolution of thriving blockchain ecosystem and is the solution to the need of bridging disparate blockchain communities.

‘Korea Financial Investment Blockchain Consortium,’ the first industry-wide blockchain consortium backed by 25 securities firms, is leading the innovation of domestic capital markets with loopchain, a blockchain technology developed by theloop. The first blockchain service to be launched by the consortium in 2H 2017 is a BSI-based authentication, which enables direct authentication and generation/verification of digital signatures without the third party. The consortium plans to expand its blockchain services to other capital market processes, including post-trading and trading, through SCORE, the loopchain’s smart contract execution environment.

As one step closer to real life use, the fact that they began applying to the insurance and college sectors are more realistic than the claims made by other coins. Furthermore, it make sense to me how a separate sub-chain runs within the main chain.

ICON Promotional Video

https://www.youtube.com/watch?v=3YvMb_61Kyw&feature=youtu.be

Compare technology with other coins

Compare technology with other coins

I have not read all the whitepapers of recent coins, but I have drawn a big picture of trying to do all of the good stories and techniques. (The original blueprint should draw a big picture.) I am looking forward to seeing how DAYLI Financial Group progresses ICON.

For your reference, please also read the blockchain related blogs organized by DAYLI Financial Group.

Http://blog.naver.com/daylifg



ICON’s ICO Opens — Korea’s Newest Cryptocurrency was originally published in Hello ICON World on Medium, where people are continuing the conversation by highlighting and responding to this story.

Hello ICON World

Thank you for visiting ICON’s Medium page and viewing our first post. This is the official Medium page for ICON (aka. “ICON Project”, “ICON Network”).

Here, we plan to update the ICON community with our progress. For questions or comments, please email us at hello@icon.foundation.

About ICON:

ICON is one of the largest blockchain networks in the world. Our decentralized network allows independent blockchains with different governances to transact with one another without intermediaries. ICON is a vision with a proven track record and has progressed beyond the initial concept stage. ICON already boasts independent blockchains comprised of reputable institutions in major industries — banks, securities, insurance, hospitals, universities, and more.

For more information about the ICON Project, please visit http://icon.foundation.