Is ICON (ICX) a Good Investment?

ICON offers a range of unique features that make it an attractive investment opportunity. First, the ICX token usage offers enormous potential regarding staking rewards and governance participation. Second, ICON's unique interoperability solution is a significant competitive advantage in the constantly evolving blockchain landscape.Third, ICON hosts a thriving ecosystem of dApps, including DeFi protocols, NFT platforms, and games, which provides the potential for further value creation within the ecosystem. Finally, the active development and improvement of the BTP protocol strongly indicate the ICON team’s commitment to realizing its vision of an integrated blockchain future.Investing in ICX offers the opportunity to benefit from the token’s value appreciation, staking rewards, and participation in network governance. It provides investors with active involvement and potential income not present in many other cryptocurrencies.

What Is ICON Crypto Price Prediction?

Several factors could positively influence the price prediction for ICX. One of the main factors is the growth and expansion of the ICON ecosystem. The more dApps and partner blockchains integrated into the ICON ecosystem, the greater the demand for ICX tokens for staking and governance purposes.Another factor is the further development and improvement of the BTP protocol. With the advancement of ICON's interoperability and user-friendliness, more users and developers can be drawn into the ecosystem, leading to increased demand for ICX.Additionally, the increasing adoption and usage of DeFi and NFT platforms within the ICON ecosystem could raise the demand for ICX. Since ICX is used for transactions, staking, and governance within these platforms, an increase in the usage of these platforms could lead to a rise in ICX demand.Finally, general market trends and the increasing acceptance of cryptocurrencies worldwide could lead to increased demand for ICX and other cryptocurrencies. As such, the broader acceptance and regulation of cryptocurrencies could positively influence the price prediction for ICX.

What Is ICX Token Used For?

$ICX is the native token of the ICON blockchain network and has the following functions: Native Currency to Pay Transaction Fees ICX serves as the currency for all applications built on the ICON blockchain. It can be used for sending and receiving payments on the blockchain and covers transaction fees within the ICON ecosystem. Additionally, ICX is utilized in various decentralized finance (DeFi) protocols and enterprise products operating on the ICON network, such as Balanced, OMM, Optimus, Zzeung, and broof. Powers ICON’s Decentralized Identity Solutions ICX plays a crucial role in ICON's decentralized identity solutions. ICONLOOP, a blockchain technology company associated with ICON, has developed enterprise-focused applications utilizing ICON's public blockchain technology and ICX token. One of the flagship products is Zzeung, an identity authentication and management solution. Zzeung enables users to securely store authentication information on their mobile devices, facilitating non-face-to-face biometric verification and improving efficiency in various sectors like finance, healthcare, and more. Governance Token for ICON Network ICX holders can stake and delegate their tokens to validators as part of ICON's on-chain governance model. By staking ICX, users can participate in the governance of the ICON blockchain and receive rewards in the form of additional ICX tokens. The staked ICX tokens contribute to the consensus and security of the network. Trade or HODL ICX Token Trade ICON crypto on KuCoin Spot Market against other cryptos to make the most of changing market conditions and volatility. Buy or sell ICX or hold it long-term if you believe in the future potential of the ICON blockchain. Be sure to DYOR before making any trading decisions in the crypto market.

What Is ICON (ICX) Tokenomics?

The economics of the ICON network is based on two main components: the ICX currency and the Delegates or P-Reps. The ICX currency is designed as the base currency of the ICON network and serves as a means for transactions, staking, and governance.The P-Reps are crucial actors in the ICON network, responsible for important actions determining whether the entire network is useful. For this reason, delegates are rewarded for good, efficient behavior and penalized for bad, inefficient behavior.ICX staking has two different meanings in this context. In the first context, staking refers to a community member staking to a delegate. In the second context, staking refers to a delegate staking to validate a new block.The staking rewards are diverse and based on the current economic values of the ICON community. These include block producer rewards, delegation/voter rewards, contribution proposal system/ecosystem expansion rewards, and cross-chain message relay rewards.

How to Stake ICX on ICON

Staking ICX is a two-step process that involves staking to a delegate and staking for block validation. For a community member, staking refers to supporting a delegate or delegate candidate by allocating a certain amount of locked ICX for that candidate.Staking for block validation refers to locking up ICX while validating the following block to be added to the blockchain. Staking on ICON secures the network while rewarding active stakeholder participation.Staking ICX is relatively simple and requires only some basic steps:1. Buy ICX crypto on KuCoin or other supported platforms. 2. Store ICX in a suitable wallet.3. Select the desired amount of ICX for staking.4. Choose one or more P-Reps to delegate your ICX to.5. Confirm the staking transaction.Please note that staking ICX has a lock-up period of about 8-20 days, during which you cannot withdraw your staked ICX. Additionally, there is no set minimum amount for staking ICX.

How to Buy icon (ICX)

Price of icon (24h)$0.2378916350729433

-2.35%

Real-Time ICX Rate Converter

Interested in buying icon (ICX) or exploring other cryptocurrencies? This is the right place for you! KuCoin offers safe and easy ways to let you buy icon (ICX) instantly wherever you are! Check out all the ways you can buy ICX on KuCoin.

Buy icon (ICX) on KuCoin in Four Simple Steps

Create Your Free KuCoin Account

Sign up on KuCoin with your email address/mobile phone number and country of residence, and create a strong password to secure your account.

Secure Your Account

Ensure stronger protection of your account by setting Google 2FA code, anti-phishing code, and trading password.

Verify Your Account

Verify your identity by entering your personal information and uploading a valid Photo ID.

Add a Payment Method

Add a credit/debit card or bank account after verifying your KuCoin account.

Buy icon (ICX)

Use a variety of payment options to buy icon on KuCoin. We'll show you how.

Choose How You Want to Buy icon on KuCoin

Buying cryptocurrencies is easy and intuitive on KuCoin. Let's explore the different ways of buying icon (ICX).

Buy icon (ICX) with crypto on the KuCoin Spot Market

With support for 700+ digital assets, the KuCoin spot market is the most popular place to buy icon (ICX). Here's how to buy:

1. Buy stablecoins such as USDT on KuCoin using the Fast Trade service, P2P, or through third-party sellers. Alternatively, transfer your current crypto holdings from another wallet or trading platform to KuCoin. Make sure your blockchain network is correct, since depositing crypto to the wrong address may result in loss of assets.

2. Transfer your crypto to a KuCoin Trading Account. Find your desired icon (ICX) trading pairs in the KuCoin spot market. Place an order to exchange your existing crypto for icon (ICX).

Tip: KuCoin offers a variety of order types to buy icon (ICX) in the spot market, such as market orders for instant purchases and limit orders for buying crypto at a specified price. For more information about order types on KuCoin, click here.

3. As soon as your order is successfully executed, you will be able to see your available icon (ICX) in your Trading Account.

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How to Store icon (ICX)

The best way to store icon (ICX) varies based on your needs and preferences. Review the pros and cons to find the best method of storing icon (ICX).

Store icon in Your KuCoin Account

Holding your crypto in your KuCoin account provides quick access to trading products, such as spot and futures trading, staking, lending, and more. KuCoin serves as the custodian of your crypto assets to help you avoid the hassle of securing your private keys on your own. Make sure to set up a strong password and upgrade your security settings to prevent malicious actors from accessing your funds.

Hold Your icon in Non-Custodial Wallets

"Not your keys, not your coins" is a widely recognized rule in the crypto community. If security is your top concern, you can withdraw your icon (ICX) to a non-custodial wallet. Storing icon (ICX) in a non-custodial or self-custodial wallet grants you complete control over your private keys. You can use any type of wallet, including hardware wallets, Web3 wallets, or paper wallets. Note that this option may be less convenient if you wish to trade your icon (ICX) frequently or put your assets to work. Be sure to store your private keys in a secure location as losing them may result in the permanent loss of your icon (ICX).

What Can You Do with icon (ICX) on KuCoin?

Hold

Store your icon (ICX) in your KuCoin account.

Trade

Trade icon (ICX) in the spot and futures markets.

Earn

Earn passive income by staking or lending icon (ICX).

Why Is KuCoin the Best Platform to Buy icon (ICX)?

Safe and Trusted

Our regular Proof of Reserves (PoR) mechanism ensures that customer funds are backed by 1:1 real assets. KuCoin was named one of the Best Crypto Exchanges by Forbes in 2021 and selected by Ascent as the Best Crypto App in 2022.

High Liquidity

Boasting a high liquidity order book for all listed cryptocurrencies, KuCoin delivers a liquid trading experience with tight spreads.

Home of Crypto Gems

KuCoin supports more than 700 cryptocurrencies and is the best place to find the next crypto gem. Buy icon and trade it against various digital assets on KuCoin.

Intuitive Interface

Buying icon (ICX) on KuCoin is quick and easy, thanks to our intuitive interface and powerful technology. Obtain ICX in an instant when you buy on KuCoin.

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FAQ

How can I sell WAX (WAX)?

KuCoin does not currently support selling WAX (WAX), but you can sell your WAX via other centralized exchanges (CEXs), crypto wallets, or decentralized exchanges (DEXs).

Where can I buy WAX (WAX)?

While KuCoin does not currently support purchasing WAX (WAX), you can buy WAX via other centralized exchanges (CEXs), crypto wallets, or decentralized exchanges (DEX). Refer to the guides on "How To Buy WAX (WAX)" to learn more.

How do I use a credit card to buy WAX (WAX)?

KuCoin does not currently support purchasing WAX (WAX). However, you can purchase WAX using a credit card at another centralized or decentralized exchange. Before making purchases on another platform, make sure to review their security, liquidity, and fees. Beware of hidden fees and scams.

How do I use PayPal to buy WAX (WAX)?

KuCoin does not currently support WAX (WAX). However, you can purchase WAX via PayPal on other centralized or decentralized exchanges. Before making purchases on another platform, make sure to review their security, liquidity, and fees. Beware of hidden fees and scams.

How much does it cost to buy WAX (WAX)?

The live price of WAX (WAX) is $0.07125, meaning you can buy 14.03 WAX with $1. Use KuCoin's WAX live price chart to find the best time to buy WAX.

Should I buy WAX (WAX)?

WAX currently ranks #-- in market capitalization among all cryptocurrencies. In the past 24 hours, the price of WAX has decreased by 3.42%. Before trading WAX (WAX), please be sure to perform both fundamental and technical analysis, and evaluate your level of risk tolerance.

Is WAX (WAX) a good investment?

WAX (WAX) has a market capitalization of $238,236,528.45 and is ranked #-- on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze WAX (WAX) price trends and patterns to find the best time to purchase WAX.

icon (ICX) Price Analysis

Live Price

The live price of ICX is 0.2406 USD, representing an increase of 3.88% in the past 7 days and -2.35% decrease in the past 24 hours.

Historical Trends

The all-time high of ICX was 12.63 USD on 01-08, 2018, from which the coin is now down -98.10%.
The all-time low of ICX was 0.1069 USD, from which the coin is now up 55.57%.

ATL$ 0.1069

ATH$ 12.63

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Disclaimer

Given the nature of the crypto market, the price of icon (ICX) is subject to high market risk and price volatility. We recommend you invest in digital assets only after you understand how they work and their associated risks. Other factors to consider when devising your crypto investment strategy include your experience level, financial situation, investment objectives, and risk tolerance. You could also consult an independent financial advisor before buying cryptocurrencies. The above information is not financial advice, and past performance is not a reliable indicator of how the market will fare in the future. The value of your investments and assets may rise or fall based on market conditions, and there is no guarantee that you will get back the amount you invest or profit from your investments. Your investment decisions are your sole responsibility, and KuCoin is not responsible for any losses you may incur when you buy crypto on its platform. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information is provided to you solely for informational purposes and is not warranted by KuCoin.