Why-Buy-This-Crypto Opinion In Q32017, the Korean conglomerate, , started a blockchain project, that would be soon coined as the . Dayli Financial Group also , which is the in Korea worth $4 billion, , which is the in Korea (equivalent to WhatsApp or WeChat in China), and , which is the . In essence, ICON has backing this project, this is as real as it gets. ICON’s central technology is called LoopChain, which is described as “a high-performance blockchain that can provide real-time transaction.” LoopChain is built for enterprises and provides smart contract functionality that can be customized, but most importantly, can be linked to other distributed ledger networks. Today, , however, since ICON is framing itself to become the master key that unlocks blockchain interoperability and connects requested services to every business and government sector, ICON can be trading at . Dayli Financial Group ICON, “Korean Ethereum” owns Yello Mobile largest mobile startup Kakao MOST popular application The Loop company behind ICON’s blockchain technology one of the largest Korean Conglomerates ICON trades at $8 a coin $70 per coin within the next 2 years Basics: The ICON project started in 3Q2017 from Seoul, South Korea ICON is an and without the use of additional third-party intermediaries interconnecting blockchain network can connect to independent blockchains The ICON project that allows them to perform data and monetary transfers, verify identity, leverage smart contract environment (SCORE), and utilize a decentralized exchange offers established industries access to a blockchain solution the company behind ICON, has already received several rounds of funding The Loop, Price: $8Ranking by Market Cap (Token): 3Market Capitalization: $3,063,911,421 Circulating Supply: 380,045,004 ICXMax Supply: 400,230,000 ICXAverage Trading Volume: $83,249,600 Consensus: Ethereum consensus Ticker: ICON Team: The ICON project is lead by , who is also the CEO of The Loop and part of the ICON Foundation Council. Mr. Kim has almost 20 years of experience in the information security field. JH Kim is the CEO Dayli Intelligence and is also on the ICON Foundation Council. Previous to Dayli Intelligence, Mr. Eee developed ‘SUHOSHIN’, the first firewall in Korea KJ Eee The ICON team has an additional 15 blockchain managers and engineers Rounding out the ICON team are 5 AI developers and product managers, as well as 5 marketing professionals Drivers of Growth: The ICON project is the that is pushing the country towards widespread blockchain adoption first blockchain network in Korea The ICON team is with the goal of connecting the entire ecosystem using their protocol setting up dozens of partnerships and side chains will provide a safer, all-encompassing alternative to traditional exchanges. When ICON’s core wallet is released, users will be able to trade directly from their wallet ICON’s DEX The ICON platform utilizes a . SCORE is designed to have high-performance contracts run directly in the node environment without the need of a separate virtual machine. This can be easily created for various applications because it runs separately from the underlying blockchain Smart Contract On Reliable Environment (SCORE) ICON platform offers , giving other blockchains the ability to connect with the ICON network via their smart contracts flexibility within their ecosystem To reiterate, the ICON platform was created by the parent group, DAYLI financial group, and DFG has a partnership with ripple that includes in Korea. Some of these partners include , which has close to a $1 Billion market cap and , which has a market cap is well over $1.5 Billion. The other partners also manage billions or hundreds of millions of dollars The Loop is a member of the Korean Financial Investment Association 27 financial firms Daishin Securities Kiwoom ICON to create a Tether equivalent but for the Korean Won signed an agreement with Woori (second largest bank in Korea) , the second largest crypto exchange in Korea Dayli Financial Group (DFG) owns Coinone DFG has a close including Sogang University, which is currently developing a partnership with multiple universities blockchain vending machine called U-Coin DFG has recently with hospitals and insurance companies to help with ICON’s blockchain adoption formed an insurance consortium Korea is ideal place for blockchain technology to accelerate because they are one of the largest leaders in cryptocurrency trading volume and supporters The ICON blockchain solution is . Their platform is one of the world’s largest enterprise blockchain networks that includes 25 security firms, 6 hospitals, various universities and banks already enterprise tested Headwinds: Since regulation will always trail innovation, the digital currency space can be subject to new regulations in the future Summary: The one aspect of ICX that sticks out to me the most is the lack of headwinds. Apart from regulations and the general challenges of the blockchain space, ICON does not have any serious competition within enterprise ready blockchain solutions in Korea. Plus, they already have a functioning product that enterprises, both in business and government are utilizing. Once you do the research, it becomes clear very quickly that ICON is backed by one of the largest conglomerates in Korea giving the project almost unlimited resources, manpower, and influence to execute their roadmap. This is why I see this coin touching $70 within the next 2 years. 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