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About ICON
ICX is used to pay transaction fees on the ICON Network and has historically been used for staking, network governance and applications built on ICON.
Under ICON's governance system, ICX holders could stake their tokens and delegate them to validators responsible for operating and governing the network. ICX has also been used as an asset within decentralised finance applications operating on ICON.
The role of ICX is being phased out as the ICON project transitions to SODAX. Holders can exchange ICX for SODA, which serves as the token for the project's new infrastructure. Following the planned shutdown of the ICON Network on 31 December 2026, ICX will no longer function as the native currency of an active ICON blockchain.
ICON was initiated by the ICON Foundation in 2017. The Foundation is a non-profit organisation established in Zug, Switzerland to support the development of the ICON project and related open-source blockchain technology.
Min Kim has served as Chairman and President of the ICON Foundation since 2017 and was one of the main figures involved in the development of the ICON project. The Foundation's focus has since shifted from the ICON Layer 1 network to SODAX, which developed from the ICON project and its work on blockchain interoperability.
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Learn About ICON
Buy Storj Without Gambling on Cloud Storage Adoption
Somewhere between noticing the Storj logo on CoinMarketCap and clicking the button to wire money to an exchange, most potential investors get hung up on the same question. Do decentralized cloud storage services even have to win for this token to be worth buying and holding? Trading around $0.10 with a $42 million market cap and down 97% from its all-time high of $3.81, STORJ trades in a purgatory where that answer makes all the difference. This article will attempt to lay out a framework to buy Storj based on something measurable rather than a speculative bet that Amazon Web Services suddenly stops being useful tomorrow.
Mia HallandApr 27, 2026Steem Meaning Reveals Web3's First Working Social Contract
Users who create value on a social platform should be able to claim a share of that value, algorithmically, and without intermediaries. A single idea, when applied on the Steem network for the first time in 2016, became the blueprint for a multibillion-dollar industry in Web3. The OG continues to trade at $0.058 with a market cap of less than $32 million and does not get the credit it's due.
Katerina KulikovskaApr 7, 2026ICX Governance Works Differently Than Every Other L1
Layer 1 blockchains often have similar ways of handling governance and voting. Validators put their tokens at stake, delegators allocate their tokens as they see fit, and proposals pass or fail based on the voting results. Cosmos, Polkadot, and Ethereum's beacon chain each have their own staking setup to match how they're built.
Mia HallandMar 12, 2026Often Discussed Alongside ICON
Tokens that appear with ICON in our academy articles.
ICON Market Data
The live ICON price today is $0.01 USD with a 24-hour trading volume of $372,186.95 USD. We update our ICX to USD price in real-time. ICON is down 29.69% in the last 24 hours.
The current market cap is $15,971,928.67 USD, ranking #609 by market capitalization. The circulating supply is 1,097,354,325 ICX.