|
March 29, 2018, 06:43:20 PM |
|
Hi,
ICON is designed to be a massive scale ecosystem, allowing different blockchains connecting to one another through their protocol. This means that universities, security firms, banks, hospitals and other private blockchains will all be able to share information through ICON's online ledger without intermediaries.
Today we are taking a look at the ICON ICX coin. ICON is a very exciting South Korean venture that plans to act as a unifying fabric for different blockchain communities, allowing them to interact while maintaining their autonomy. It is a highly ambitious project on the same plane as Ark.
As always, we are looking at the coin, ICX, and not the larger business model because that is what you are investing in. This article is for the hardcore trader, crypto geek, and interested bystander alike. It isn’t investment advice. As always, buying a coin is a market based decision that changes based on conditions. I am not telling you to buy the coin or stay away from it. I am helping you understand it.
I recommend you do independent reading on ICON and its ICX coin before you read this article, as I won’t bother explaining the intricacies of the ICON system. This is about the ICX coin, what it does, what could cause demand, and what could cause the coin to be dumped/destroyed on mass.
A major issue you might have to consider is how much you believe in the Efficient Market Hypothesis in crypto, and how fast it works if you do. We won’t cover that because it is highly debatable and theoretical. You should know that even Efficient Market Hypothesis adherents know that the market adjustments it causes can be sudden and absolutely brutal to the common investor. I am not sold on the Efficient Market Hypothesis in crypto myself, but its validity does not affect this analysis.
This is my idea
Thank You!
|