South Korean cryptocurrency project ICON (ICX) has very recently moved into their brand new very modern new headquarters.

The move proves to be a promising one, not only to the future of the project but for any investors and stakeholders in association.

Despite the severe bear market ravaging many projects and bringing a cloud of uncertainty to the viability of many existing projects, ICON seems to have moved contrary to current market conditions by building a concrete foundation for future development.

Their new headquarters has apt space for loads of creative thinking and barnstorming, with over eight large meeting rooms, private rooms, and even a sleeping room.

There is also a dedicated canteen and a large workplace floor, with potentially over a hundred desktop spaces.

Being South Korea’s most popular cryptocurrency, the move shouldn’t be seen as a surprise, when considering the great backing and support the project currently enjoys.

ICON is a decentralized blockchain network, purpose-built to facilitate interoperability between communities of independent chains. The platform aims to provide a framework for a web of chains comprising enterprises and organizations from industries ranging from banking to health care and education.

ICON is South Korea’s answer to both and one of the first Korean-based blockchains to gain support within the country’s borders.

According to Crypto Briefing:

“ICON utilizes an AI-based component for governance and reward distribution called the Incentives Scoring System (IISS). The reward each node receives is calculated according to some factors, which include the amount of frozen ICX, C-Rep status, total ICX exchange volume, exchange volume of the whole community, and DEX-trading volume (if the community has one).”

All ICX tokens are ERC-20 tokens, meaning they can be stored in any Ethereum-related wallet. ICX trading pairs can be found in the Binance exchange, providing ample liquidity for traders and investors alike.

The project initially held an ICO that ended in September 2017, raising their entire target of $42.8 million. As of writing, the project currently has a market cap of $113.6 million.

Source