ICON is an interconnecting blockchain network. ICON can connect independent blockchains without the use of additional third-party intermediaries. Various blockchains can communicate with each other through the ICON platform. ICON aims to become the largest blockchain network in the world.
ICON tokens are named ICX. ICX is used as an intermediary currency when transacting amongst the various blockchain networks. As an inter-chain blockchain, the ICON platform will be able to host other ICOs on the ICON platform.
The ICON ICO will be the largest ICO in Korea. Overall, ICON aims to raise $44M over the span of 2 weeks. The ICO starts on October 20th, 2017 and ends on November 3rd, 2017. ICON will distribute 400,230,000 ICX which can only be exchanged with Ethereum (ETH). 1 ETH has a conversion rate of 2,500 ICX (1 ETH = 2,500 ICX).
Is this limited to university use? Why would someone want it to look like it can only be used as student ID? @ ICON team -- I think you should change that on your website. It just gives wrong impression.
